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Some of the things to look for: 1. ACQUISITION: Has the number of new clients that you gain gone down significantly ? If yes, look into your current sales and
by codegeek 10y ago
Some of the things to look for:
1. ACQUISITION: Has the number of new clients that you gain gone down significantly ? If yes, look into your current sales and marketing channels. For example, if you used to get a lot of inbound marketing (through search engine etc), check if your search engine rankings has taken a bit hit suddenly. Has google penalized you suddenly ? Have you lost some key backlinks or referrals that were providing you significant traffic and conversions before ? For outbound marketing, have you lost a key resource on your team ?
2. ATTRITION: If you are losing "current" clients at a significantly higher rate, talk to them directly when they cancel. Has something changed in your SAAS suddenly ? Did you drop a major feature ? Has your customer support changed a lot compared to 3 months ago ? Has a new competitor come up or an existing competitor is getting your current clients to join them instead ?
3. BUSINESS DOMAIN: Do you do business in a specific domain that is perhaps seasonal ? Is it possible that you may have a slower business during certain times of the year ? Just throwing this out as well.
Find answers to these questions above and I am sure you will get an idea of where things are going wrong.
- hnTerebi 10y ago1. New users trial signups are the same and steady, ~30 a day. 2. Yes attrition rate has been very high. Why? I don't know. Most of the cancellations don't leave any feedback (or its not usable -> Will re-design cancellation form). 3. Lots of my new signups have been via partnerships with blogs that sell training and use my product as part of it. It could very well be that the numbers are new users that start the process, signup but they lose motivation along the way. But I don't have data to back this up.