Churn rate measures the percentage of customers who stop buying from you over a given period. Reducing churn is one of the most impactful things you can do for profitability.
Calculating Churn
Churn Rate = (Customers Lost During Period / Customers at Start of Period) x 100
View Example
Started January with 1,000 customers
Lost 50 customers during January
Churn Rate = (50/1,000) x 100 = 5%
Why Customers Churn
- Poor product or service experience
- Better competitor offering
- Price sensitivity
- No longer need the product
- Lack of engagement or communication
- Poor customer service
Reducing Churn
- Identify at-risk customers early (RFM analysis)
- Implement win-back campaigns
- Gather and act on feedback
- Improve onboarding and first experience
- Provide proactive customer service
- Create switching costs (loyalty programmes)
Acceptable Churn Rates
Varies by industry. Subscription businesses aim for under 5% monthly. Ecommerce measures differently using repeat purchase rate. We help benchmark against your sector.