How to Calculate Churn Rate | Subscriptions 101
I show you how to correctly calculate churn rate for a subscription business. Free Excel model download included if you want to plug in your own numbers.
➡️ Book a demo with Ordergroove to take your customer retention and recurring revenue to the next level ► https://www.ordergroove.com/eric/ (use this link or mention me to be eligible for 10% off your annual contract)
👉 Follow Ordergroove on LinkedIn - stay up-to-date with the latest subscription trends https://www.linkedin.com/company/ordergroove-inc./
✅ Download the Excel template: https://mailchi.mp/e0ae37e3aea9/nk71v8dqh6
Communities:
💼 Linkedin: https://www.linkedin.com/in/eric-andrews-1624b656/
🚀 The "Finance for Startups" Program: https://www.ericandrewsstartups.com/financeforstartups
☑️ Twitter/X: https://twitter.com/eric__andrews
🌟 Instagram: https://www.instagram.com/ericandrews_startups/
🔥 Discord: https://bit.ly/discord_eric
💻 Newsletter: https://bit.ly/joinericnewsletter
🎥 Clips: https://www.youtube.com/channel/UCbM6zM3al9jZSyoRyJWQL-Q
Related Videos:
🚩 eCommerce Subscriptions Unit Economics & LTV https://youtu.be/Cj_zxNDIa7w
🚩 Playlist - Finance for eComm: https://www.youtube.com/playlist?list=PLdoBuNNnCmdVb9nppKtWV1J7-0hu8XHQz
🚩 How Prepaid Subscriptions Triple LTV for eComm: https://youtu.be/_uWyDjMv9Cs
🚩 Finance for SaaS Playlist: https://youtube.com/playlist?list=PLdoBuNNnCmdUQvTBTw4hB_Gp59i5mLmQZ&si=eWB7gGEr3p-8QcTs
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
In this video, we walk through how to calculate churn rate for different types of subscription businesses, the common errors people make in the calculation, and how to use churn rate to calculate your customer lifetime (a formula everyone should have memorized!).
SECTIONS:
00:17 the definition of churn rate and when it applies (only subscriptions)
1:31 when to use churn rate vs. retention rate
2:12 how to calculate churn rate (monthly) & common mistakes
4:16 how to calculate churn rate (annually)
5:31 thank you to the sponsor of this video: book a demo with Ordergroove today https://www.ordergroove.com/eric/
6:20 how to calculate customer lifetime using churn rate
If you have questions - leave a comment below and I'll try to help. Cheers!
#churnrate #subscription #customerretention
Видео How to Calculate Churn Rate | Subscriptions 101 канала Eric Andrews
➡️ Book a demo with Ordergroove to take your customer retention and recurring revenue to the next level ► https://www.ordergroove.com/eric/ (use this link or mention me to be eligible for 10% off your annual contract)
👉 Follow Ordergroove on LinkedIn - stay up-to-date with the latest subscription trends https://www.linkedin.com/company/ordergroove-inc./
✅ Download the Excel template: https://mailchi.mp/e0ae37e3aea9/nk71v8dqh6
Communities:
💼 Linkedin: https://www.linkedin.com/in/eric-andrews-1624b656/
🚀 The "Finance for Startups" Program: https://www.ericandrewsstartups.com/financeforstartups
☑️ Twitter/X: https://twitter.com/eric__andrews
🌟 Instagram: https://www.instagram.com/ericandrews_startups/
🔥 Discord: https://bit.ly/discord_eric
💻 Newsletter: https://bit.ly/joinericnewsletter
🎥 Clips: https://www.youtube.com/channel/UCbM6zM3al9jZSyoRyJWQL-Q
Related Videos:
🚩 eCommerce Subscriptions Unit Economics & LTV https://youtu.be/Cj_zxNDIa7w
🚩 Playlist - Finance for eComm: https://www.youtube.com/playlist?list=PLdoBuNNnCmdVb9nppKtWV1J7-0hu8XHQz
🚩 How Prepaid Subscriptions Triple LTV for eComm: https://youtu.be/_uWyDjMv9Cs
🚩 Finance for SaaS Playlist: https://youtube.com/playlist?list=PLdoBuNNnCmdUQvTBTw4hB_Gp59i5mLmQZ&si=eWB7gGEr3p-8QcTs
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
In this video, we walk through how to calculate churn rate for different types of subscription businesses, the common errors people make in the calculation, and how to use churn rate to calculate your customer lifetime (a formula everyone should have memorized!).
SECTIONS:
00:17 the definition of churn rate and when it applies (only subscriptions)
1:31 when to use churn rate vs. retention rate
2:12 how to calculate churn rate (monthly) & common mistakes
4:16 how to calculate churn rate (annually)
5:31 thank you to the sponsor of this video: book a demo with Ordergroove today https://www.ordergroove.com/eric/
6:20 how to calculate customer lifetime using churn rate
If you have questions - leave a comment below and I'll try to help. Cheers!
#churnrate #subscription #customerretention
Видео How to Calculate Churn Rate | Subscriptions 101 канала Eric Andrews
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
How to Calculate CAC Payback Period for Subscription Businesses7 Most Important SaaS Metrics | Finance for SaaS StartupsUnderstanding Free Cash Flow for Startups | Finance Case StudyThe Ultimate SaaS Unit Economics TutorialHow to Create a Bar Chart in Excel | Graphs & Charts 101Learn How to Create Drop-Down Lists in Excel: Data Validation!Text to Columns Excel: How to Split DataThe Ultimate Guide to Managing Your Startup in a Recession: 7 Actions to TakeUnit Economics Benchmarks for Two-Sided Marketplaces | From Idea to ExitPivot Your Agency to a SaaS or VC Fund #finance #saas #startupsHow to Freeze Panes in ExcelMy 15K Subscriber $900 Giveaway (CLOSED) | Let's Celebrate!!Welcome to the Course: Become an Excel Power User in 2.5 HoursMonthly recurring revenue 📈 explained #saasSeed Fundraising Guide for Startups | How to Present the Most Important MetricsFormatting & Moving Columns, Rows & Tabs - ExcelHow to Build a Talent Marketplace Financial Model | Scaling to $1mm ARRHow to Calculate Net Dollar Retention | Finance for SaaSHow to Show Upside, Base Case, and Downside Scenarios in Financial Model for InvestorsHow to Calculate CAC for Two-Sided Marketplaces