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Churnkey.co Website & Waitlist Launched

Howdy IH'ers! I've been bootstrapping since 2016, recently hit 200k MRR between two products, and excited to launch a 4th SaaS business... Churnkey! I am very excited about it.

We want to help other SaaS founders reduce their churn. Before we talk about it, some backstory:

@nickfogle, @robmoore, and I have been busting our asses trying to reduce Wavve's churn over the last two years. At 125k MRR with 10%+ monthly revenue churn, every single percentage point counts. We have done it all (I think):

  • Improve onboarding
  • Segmentation & engagement
  • Email sequences
  • Pricing optimization
  • Targeting high-risk customers for engagement
  • Improve our offboarding flow

Out of all of the tactics we have focused on, improving our offboarding flow has provided the clearest ROI for our efforts.

We did this by adding the ability to survey users as they canceled, deliver dynamic deals based on answers, allow for pausing, customer support integrations, and in-depth reporting.

With these changes to our offboarding flow, we reduced our churn rate by 15%.

Sensing we were onto something, we kept experimenting, building more sophisticated offboarding and retention tools. Over the course of six months, we brought churn down by another 30% and saved $25,000 in ARR!

Now we are excited to share what we have built with other SaaS founders.

Introducing Churnkey.

If you’re a SaaS founder and want to see what we’re building, just put your email address in the wait-list form on our site. We’ll reach out directly once we move to beta and get you hooked up.

Check it out here: https://churnkey.co

We’re so excited to show you in the coming weeks what we’re building.

, Co-founder of Icon for Churnkey
Churnkey
on September 18, 2020
  1. 4

    Congrats on the launch! Such a cool way to spin off a business. I could see something liek this outgrowing your other businesses! If it is saving SAAS companies tons of money, why wouldn't they buy it.
    I'm sure there is more competition in this space though too.

    Also, really love the calculator on the landing page. really cool to see the results.
    Looking forward to hearing what you guys do with this?

    1. 3

      Thanks @noahwbragg! We're excited to share our journey with the community here. Stay tuned!

  2. 2

    🙌🚀🏴‍☠️

  3. 2

    Let's go 🔥🔥🔥

  4. 1

    Looks awesome Baird!

    Does it work with with the new Stripe Customer Portal? https://stripe.com/docs/billing/subscriptions/customer-portal

    We recently switched to this for allowing customers to upgrade/downgrade/cancel.

    1. 1

      Yup! Churnkey would be actually embedded into the app. You can set up a link within the flow to the Stripe Customer portal for customers wanting to change their subscription.

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