In December 2019, Silverbullet Research conducted a customer and churn analysis for Racehall. Racehall’s vision is to be the preferred destination when looking for fun and speed. A prerequisite for being this is high awareness and a good reputation.
Racehall has wanted to determine who of their customers have a predominant probability of returning and who have a lower possibility. This stems from the fact that the cost of attracting a new customer is much higher than the cost of retaining an existing customer.
Therefore, Silverbullet Research has carried out an in-depth analysis based on Racehall’s extensive customer database. The purpose of the study has been to work in a structured manner with the individual customer segments and to adapt the marketing efforts and communication to increase customer retention and the return visit ration.
The analysis has given Racehall specific insight into who their customers are, and which activities have value. The customer segments were mapped based on the risk of churn, and the probability of return visits was identified. In addition, Racehall has received input on how this should be used to strengthen the business in the future.