Customer Retention and Churn

Are customers slipping through your fingers? Plug the leaks and fuel growth with this actionable course on customer retention and churn.

About this Course

Welcome to our Customer Retention and Churn course, a comprehensive exploration of strategies to keep your customers engaged and minimize churn. In this course, participants will gain insights into the fundamental concepts of Customer Retention and Churn, understanding their significance in the business landscape.

Delving into the ‘why’ and ‘how’ of customer retention, this program emphasizes the importance of keeping existing customers satisfied and the numerous benefits it brings. Participants will also navigate the delicate balance between Retention and Acquisition, learning how to strategically position their efforts throughout the business lifecycle.

The course meticulously covers key Customer Retention Metrics, providing a toolkit for effective analysis. From Customer Retention Rate to Expansion Revenue Growth Rate, Renewal or Return Rate, Average Order Value (AOV), Customer Acquisition Cost (CAC), Customer Lifetime Value (CLV), and Customer Stickiness, participants will gain practical insights into measuring and enhancing customer loyalty.

Led by seasoned product marketers, this course is designed to be practical and actionable. Learn to predict and prevent customer churn using real-world strategies and industry best practices. Whether you’re a senior professional or just starting in product marketing, this course equips you with the skills and knowledge to excel in customer relationship management, ensuring long-term business success. Enroll today to unlock the secrets of effective customer retention and churn management.

Watch course Trailer

Course Outline

Introduction

Lesson 1: Getting Started

Importance of Customer Retention and Churn

Lesson 2: What is Customer Retention
Lesson 3: What is Customer Churn
Lesson 4: Customer Retention and Churn
Lesson 5: Why is Customer Retention Important

Benefits of Customer Retention

Lesson 6: Benefits of Customer Retention
Lesson 7: Retention vs Acquisition
Lesson 8: The role of retention in a Business Lifecycle

Strategies for Customer Retention

Lesson 9: What is a Customer Retention Strategy
Lesson 10: Creating a Customer Retention Strategy
Lesson 11: Types of Customer Retention Strategies
Lesson 12: Types of Customer Retention Strategies (Cont'd)

Customer Retention Metrics

Lesson 13: Customer Retention Metrics
Lesson 14: Customer Retention Rate
Lesson 15: Expansion Revenue Growth Rate
Lesson 16: Renewal or Return Rate
Lesson 17: Average Order Value (AOV)
Lesson 18: Customer Acquistion Cost (CAC)
Lesson 19: Customer Lifetime Value (CLV)
Lesson 20: Customer Stickness
Lesson 21: More Metrics
Lesson 22: Predicting and Preventing Customer Churn

Calculating Retention with Cohort Tables

Lesson 23: Introduction to Customer Cohorts
Lesson 24: Calculating Retention Rate
Lesson 25: Single Cohort Retention
Lesson 26: Multi Cohort Retention
Lesson 27: Interpreting Multi Cohort Retention Charts

Next Steps

Lesson 28: Final Note

Meet your Facilitator(s)

Toyin Voldo

Senior Product Manager Jira

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₦20,000
₦40,000
$30
Please log in to enroll in the course.

What is included

28 Lessons
2 hours+ self-paced content
Downloadable Course Material
Quiz
Certificate of completion

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