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Product & Innovation

How did Synapse grow magazine subscription retention?

Answered independently in 1 episodes. Every line below is verbatim from the transcript, timestamped to the moment it was said.

Serial Entrepreneur Michael Loeb: E-commerce, Sales, Marketing, B2B, and More
The short answer

What the archive says

01Moving subscription billing to a credit card with a negative option renewal shifted inertia from working against retention to working for it, and grew Synapse's time on file roughly 2.5x. source →

In their words

What was actually said

As you can imagine, when you renew people, when you take a inertia and remove it from one shoulder, which is the inertia as your enemy, and put it on the other shoulder, which is inertia as your friend, you find a dramatic difference in the retention dynamics of a subscription. And in fact, time on file grew by about two and a half X. That was the big insight on synapse.
Michael Loeb · Serial Entrepreneur Michael Loeb: E-commerce, Sales, (8:44)
The episodes

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