Company
Date Published
Feb. 2, 2022
Author
Ella Webber
Word count
3029
Language
English
Hacker News points
None

Summary

Customer retention management is crucial for businesses, especially in the SaaS industry where customers re-evaluate their purchasing decisions frequently. It involves taking actions to ensure customers remain loyal to a brand over time. Key strategies include finding product-market fit, setting clear goals, aligning with overall product strategy, providing seamless user onboarding, building self-serve product culture, nurturing relationships from the start, and more. Effective customer retention management can lead to higher customer satisfaction rates, increased customer lifetime value (CLTV), and long-term business success.