POV: Your "Beautiful" Shopify Acquisition Strategy Leads to a Leaky Bucket. 😨
Your Shopify brand is losing subscribers that you could easily save and your cancellation page needs more help than your ads! In this Shopify podcast, I dive into cancellation flows with ProsperStack CEO Tony Sternberg and break down the tactics that consistently recover 25 to 40 percent of at-risk subscribers. If you care about retention or LTV, hit play.
Join the upcoming webinar with todays guest on December 16: https://bit.ly/stop-the-leak-dec-16
POV: Your beautifully crafted acquisition strategy is basically a leaky bucket and you’ve been pouring money into Facebook’s pockets for years.
Here’s the punchline. Up to 70 percent of customers who click cancel are not actually done with you. They’re confused, overwhelmed, or have three months of product piling up under their sink. And when you intervene properly, brands consistently save 25 to 40 percent of those would-be churned subscribers. If you care about LTV, retention, or keeping your Shopify business from quietly bleeding out, this episode is not optional.
Don't miss our LIVE webinar with today's guest today as we go deep cancellations flows, show you exactly how to set them up, what works best, what doesn't and exactly how the best brands on Shopify set up theirs! Plus it's live, so you can ask any questions you like.
REGISTER HERE: https://bit.ly/stop-the-leak-dec-16
Key Take-aways-
The cancel click is not the end. It is the beginning of the most valuable conversation in your Shopify business.
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Up to 70 percent of cancellation attempts are misdiagnosed and fully preventable with the right flow.
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Personalization beats blanket offers every time. One-size-fits-all cancellation flows are revenue murder.
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The best Shopify brands treat cancellation as a retention engine, not a customer exit.
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Skip and pause offers save more subscribers than heavy discounts and avoid training customers to game the system.
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AI generated offer copy can increase save rates by up to 7 percent without changing the offer itself.
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Cancellation feedback is a goldmine for fixing product, onboarding, acquisition, and CX issues.
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The ProsperStack and Bold Subscriptions integration gives Shopify brands a native, no-code solution to stop churn fast.
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Winback campaigns can recover a massive percentage of “not now” customers who left for temporary reasons.
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You cannot fix churn if you are acquiring the wrong customer in the first place.
🫶 Support the amazing sponsors that make this show possible 🫶
Omnisend - I personally use Omnisend for every Shopify store I manage! I’ve tried them all and Omnisend is hands down the easiest way to set up email and sms automations and campaigns, leverage segmentation to personalize them, and A/B test everything to optimize conversion. The push notifications and gamified email collection tools are just the icing on the cake 🤌
(plus most report paying about half the price of Klaviyo 🤫)
🚨Listeners (YOU) get an exclusive 30% OFF for 3 MONTHS: https://shopify1percent.com/omnisend
Bold Commerce - Maximize your Shopify sales with Bold's suite of powerful apps. From AI Upselling, to powerful Subscriptions, Memberships, and VIP Pricing tools, Bold has everything you need to Maximize your Shopify revenue!
Try Bold apps for free here: shopify1percent.com/bold
Resources & Links Mentioned in the Show
- ProsperStack: https://prosperstack.com
- Tony Sternberg on LinkedIn: https://www.linkedin.com/in/tonysternberg/
- ProsperStack Blog on the Peak End Rule: https://prosperstack.com/blog
- Bold Subscriptions for Shopify: https://boldcommerce.com/shopify/subscriptions
- Bold Commerce Apps: https://www.boldcommerce.com/shopify
- Webinar Registration. Stop the Cancel: https://boldcommerce.com/shopify/churn-prevention
- Patrick Campbell and ProfitWell: https://www.profitwell.com
- SEMrush: https://www.semrush.com
- Charity Water: https://www.charitywater.org
Don't miss our LIVE webinar with today's guest today as we go deep cancellations flows, show you exactly how to set them up, what works best, what doesn't and exactly how the best brands on Shopify set up theirs! Plus it's live, so you can ask any questions you like.
REGISTER HERE: https://bit.ly/stop-the-leak-dec-16
Did you know leaving a ⭐️⭐️⭐️⭐️⭐️ review on Spotify, or Apple will give your shop gooood ecommerce karma? ❤️