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by chandika
6000 days ago
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Gotta try it with my service as well. One thing keeping us back from pushing it further up is the current, lower pricing. What happened to the existing users when you doubled the price? Did your cancellations go up? Or did you freeze the price for the old users? |
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Most chose to lock in, and a very small number of them still have that rate even 3 years later.
We have fewer members now but that is due to other reasons.
Cancellations for the locked in accounts went down because those people thought they were getting a very good rate and knew that if they canceled and would sign up again it would be at the new rate.
At the time our retention was 3 months, so within 3 months the larger portion of the accounts were being charged at the new rate.