Customer Churn: What is it and why is it important?
The percentage of existing customers who have stopped using your product or service after a specific amount of time is known as the customer churn rate. This might last for a week, a month, or even a year.
For consumer-facing business operations like customer assistance and business development, this statistic is a gold standard. The turnover rate aids in identifying particular issues.
For instance, it can provide light on why, despite the best efforts of your customer success teams, your business is losing customers.
So, what to do next?
You can get beyond this obstacle with improved training materials and appropriate consumer education. Since these elements form the foundation of customer training programs, they are essential. Without appropriate training materials, it is impossible to develop a strong customer education plan.
Also, your content needs to be consumer-friendly, interesting, and educational to effectively convey your main points. Therefore, you should incorporate interesting films, other practical materials, and instructions into your customer training curriculum.