Cutting prices to stop churn? Big no-no! 🚫
If customers aren’t enjoying with your product, they’ll bounce even if it’s dirt cheap. Slidebean totally flipped the script by jacking up their prices 4x.
The result?
- Churn rate plummeted from 25% to 6.53% (that’s almost 4 times better! 😱)
- LTV skyrocketed from $22 to $444 (yep, a 20x boost! 🚀)
Sometimes, more money means more loyalty. 💸
Source: blog.slidebean.com