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Customer Renewal & Reactivation
Overview
A well known computer company developed a popular Internet service with a very favorable customer retention rate of 90%. The company challenged CSD to win back the remaining 10% who had not responded to a series of e-renewal offers.
Situation Analysis
  Converting the non-respondents to customers would be a challenge, since most had not re-subscribed due to the fact that they were not using their account at all.
  Complicating matters, the remaining data was often incorrect or had missing information (such as telephone number).
Action/Solution
  CSD worked around this problem by using alternative search techniques, including online and web resources.
  With newly completed information, CSD sales consultants contacted those subscribers who let their accounts expire and engaged them in a discussion of how they currently utilized their computer (business, personal or combination) and probed into lifestyle habits (i.e. photography, music, graphic arts).
  Agents leveraged the intelligence gathered throughout the conversation to communicate the value of renewing the subscription. This included a discussion of the new and improved features, as well as simplified, intuitive interfaces.
Value/Results
  Despite the incomplete customer lists, CSD’s consultative sales methodology resulted in a renewal rate of approximately 20 percent among former customers.
  The client also gained updated customer information, as well as obtained a better understanding of how their customers were utilizing their computers.
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