Give a discount on premium in your referral program to reduce SaaS churn
Nothing works better than offering a discount to your customers. Use your referral program to increase retention by giving an instant discount on the premium plan. This will reduce churn and you’ll be able to increase LTV.
Typeform allows its users to save up to 100% on your PRO, PRO+1, PRO+3 or PRO+5 subscriptions by inviting referrals.
Todoist offers a smart premium discount. The referred users get two free months on premium and once they pay for premium, the customer who referred gets two free months.
ShoeBoxed offers up to 100% discount on the premium plan with it’s refer a friend program.
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