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There is one question you must answer first: WHAT CHANGED? Your application may not have changed, but the environment in which it operates may have. Is there
by nanis 10y ago
There is one question you must answer first:
WHAT CHANGED?
Your application may not have changed, but the environment in which it operates may have. Is there a new alternative in that space? Don't limit your attention just to things that look exactly like yours: Consider everything that might conceivably be used instead of it.
Or, are there new legal requirements which your product fails to satisfy? Or, did the legal requirement that necessitated the use of your product disappear?
Also, given that this is recurring revenue, I am assuming you have a customer database, and you know who cancelled subscriptions. Do consider contacting a random sample of them and asking straight up if they would mind telling you why they stopped using it, and how they think you could improve the product to best serve their needs.
Also, order of magnitude would be helpful here: Did 30 customers cancel? 300? 3,000? ... 30,000,000?
- hnTerebi 10y agoI'm losing about 10 customers a week from recurring billings not re-signing. They value from $27 to $100. Over the last 4 months, total number of users that didn't upgrade from trial -> paid or just expired was: ~4000 users. I will run report on cancellations that happen and email them all and ask why they cancelled (I do have automatic email that gets sent on cancellation but I never get a response from those).