Subscription Renewals

How can we ask our customers for more money when they renew their subscription? How can we save a customer who has decreased their usage?  

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New sales don’t mean anything if you can’t retain your existing customers. New sales can mean serious growth if you’re also able to consistently grow revenue from your existing customers.  

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As business models have shifted from product-based to subscription-based, account management skill has significantly risen in prominence and value to organizations. Yet many companies don’t have a defined framework for preparing and completing successful subscription renewals. As a result, they allow their hard-won customers to drift from them, losing the value of their input and ideas, losing the chance to deepen their relationships, and exposing them to competitive alternatives.    

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In this module, we focus exclusively on the subscription renewal as a sales discipline. Participants will learn why developing a customer-based communication strategy leading up to the renewal date will significantly reduce churn, and how to use their account data to create a customer story and road-map that will help them win massive upgrades with their customers for years to come.  

COURSE DETAILS

Live training format

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3 lessons

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4 Hours completion time​

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After completing this course, you will be able to:

• develop a system for planning your subscription renewals 

• evaluate the health of your accounts & their churn risk 

• create renewal stories that will help you renew customers on your terms 

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