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Average Customer Retention Rate By Industry & How to Improve Your SaaS Retention Rate

User Pilot

Understanding the average customer retention rate for your industry is critical to determining the health of your business. It tells you whether your customer retention rate is too low or just good enough. If customers are the lifeblood of any business, then customer retention is the glue that holds it all together.

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5 Interesting Learnings from Twilio at $2 Billion in ARR

SaaStr

Dollar-based net retention is still the key to almost all the winners in SaaS and remains at ~140%. Gross margins remain “in the 50s” Yes, Twilio is a service with real telecommunications costs. Up from $3B at IPO! 5 Interesting, Updated Learnings: #1. 3,664 employees, or about $550,000 in revenue per employee.

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What is a good Net Retention Rate in SaaS?

CustomerSuccessBox

The net revenue retention rate which you may also state as the net retention rate in SaaS businesses is an indicator that depicts the profits and the revenue earned by the business. Let’s look at some of the best net retention rate and how they are doing good at it. Know more about NRR: What is net dollar retention?

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What Is COVID-19’s Effect on Customer Churn—And What You Can Do About It in 5 Steps

Totango

By embracing the following customer retention best practices, you can guide your customers through the current business landscape and be poised to thrive on the other side. This retention effort is led by the daily, proactive pursuit of customer value. This reduction in cash flow is likely to increase rates of SaaS customer churn.

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Unlocking Revenue Potential with a Robust Subscription Billing Platform

Blulogix

Benefit: Improved customer retention and satisfaction. Whether your business operates in SaaS, telecommunications, IoT, or any other subscription-based industry, BluIQ’s comprehensive features and benefits can help you optimize revenue streams and drive growth. Is BluIQ the Right Choice?

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Key Definitions in Subscription Billing: Demystifying the Jargon

Blulogix

Customer Lifecycle Definition: The customer lifecycle represents the stages a customer goes through, from initial awareness and consideration to purchase, retention, and advocacy. Importance: Understanding the customer lifecycle helps tailor marketing, sales, and retention efforts to specific stages.

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Keep Your B2B Sales & Sanity Intact During the Coronavirus Outbreak

Sales Hacker

This new boom has expanded beyond business areas into Healthcare, Cybersecurity, Logistics, Telecommunication, etc. Staying top-of-mind via online channels and inbound marketing is important because it helps customer retention — and ensures that you will have an audience to work with once things are back to normal.

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