We're excited to share our work on the Skio platform which we shipped in July! Sign up to receive these updates in an email format here.
We’ve received a lot of great feedback regarding Skio’s cancel flow, including new retention actions that you’d like to offer your customers. With that said, we’re pleased to announce 3 new actions:
Need help setting up your cancel flow? Check out our help doc here.
The heart and soul of a subscription program lies in its retention:
Keeping your customers for as many charges as possible, while continuing to offer a quality product. Understanding your customer cancellations, by month or order count, is critical in optimizing your retention strategies.
This is why Skio has released the “Cohort” dashboard in your analytics suite. This page is bursting with valuable information, helping you understand your overall customer retention. From this data, you can:
Skio has launched a new toggleable feature (under Settings > General) to remove discount codes when a customer cancels. This is a great incentive for your customers to choose other alternatives rather than canceling, such as delaying, pausing, skipping….etc.
This can also serve as an efficient promo tool.
For example: “Hey, sign up for a subscription before X date, and get an extra 15% discount for all recurring orders. This code is lost upon canceling your sub.”
Note: Our Automations tool (open Beta), can help achieve the perma-discounts + apply them to subs created after a certain date.
Customer education is typically a difficult challenge to overcome. For instance, an average email open rate is often < 50%. The point is that it's hard to get your customers engaged or informed when they’re not reading up on what you have to share.
Well Skio is taking steps to help you overcome this hurdle! We’re excited to share a small but mighty feature, which is to have a banner above the customer’s subscriptions announcing:
Check out the two help docs linked above for details on those features, and how to enable the banners.
Tailoring your brand experience with your customers is important. Within your Portal settings, you can enable the ability to greet your customers in their portal (as well as their order history page), empowering you to write a branded greeting.
You can use variables for first and last name to customize the greeting!