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COVID-19 churn prevention: Your customers are cutting costs. Don't just let them cancel.

Close.io

First, it’s important to remember that you can’t stop every customer from canceling your service or software. They don’t have the profit margin to give out huge discounts, so they can’t do it. But remember this: Just because your customers haven’t reached out to you yet, doesn’t mean you’re not on their list of things to cancel.

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The Slippery Slope of Discounting | Sales Motivation and Sales.

The Sales Hunter

The Slippery Slope of Discounting. If you as a salesperson — or worse, if you as a sales manager — do not believe in the price of what you sell, then that is a bigger problem than whether you have a tendency to offer a discount. But quantity will never make up for the profits you did lose by selling at a discount.

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8 of the Most Difficult Types of Prospects (& How to Deal With Them), According to Real Sales Leaders

Hubspot Sales

Offer them an exclusive discount that's time-based or on a first-come, first-served basis. In my experience, these prospects ask for the moon — customized solutions, deep discounts, unlimited revisions — often before establishing any relationship or value provided.” How to Handle Them: Implement cancellation policies with empathy.

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Grow Revenue During a Recession by Being Counter-Intuitive

Understanding the Sales Force

Order cancellations. Instead of discounting, get better at selling value. Massive layoffs. Stock Market down. Cost-cutting. We are now seeing these events in sales organizations: Missed forecasts. Closing delays. Failure to hit quotas. We know what doesn’t work in a recession. Yes, but it’s counter-intuitive.

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5 Spring Cleaning Tasks for Your Business

Pipeliner

If you’ve upgraded your property, you may qualify for discounts you aren’t getting because you haven’t updated your insurance policy. Look for tax deductions , cancel subscriptions that don’t serve your company, and reexamine any outsourcing to see if you could save elsewhere. Spring cleaning isn’t just about cleaning up your house.

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Special Coronavirus Measures To Keep Learning

MEDDIC

Conferences, Meetings, Sales Kickoffs and even QBRs are cancelled. At MEDDIC Academy we are seeing scheduled SKOs and in-person trainings cancelled while significantly more users take online courses. To support and help learners in this situation, we have created a special discount on all our courses. Special Rate.

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3 key factors that impact your customer churn rate

Nutshell

Churn , often known as “ churn rate ,” is the measurement of the number of subscription customers who have canceled their subscription over a set period of time. Companies with a month-to-month model often can reduce churn by offering a small discount when customers subscribe for a longer period of time. Free trials.

Churn 133