“Any subscription brand needs to know—what problem am I solving for my customers? What’s our forever promise?” With a career building subscriptions for brands like Netflix and Electronic Arts, Robbie Kellman Baxter knows what it takes to build lasting customer relationships. That’s been the focus of her books including her latest, The Forever Transaction. We discussed all of this and more on this week’s episode of the On Brand podcast.
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About Robbie Kellman Baxter
Robbie Kellman Baxter is a bestselling author, speaker, and consultant with more than 20 years of experience providing strategic business advice to major organizations including Netflix, the Wall Street Journal, and Electronic Arts. In the past ten years, her company Peninsula Strategies has advised over 100 organizations on subscription and growth strategy. Her first book, The Membership Economy was an international best seller. Her new book, The Forever Transaction, was released in April 2020. It has been described as a true game-changer taking readers through every step of the subscription business process—from initial start-up or testing of a new model to scaling the operation for long-term growth and sustainability to revamping your culture so everyone works together to optimize customer lifetime value.
“Consumers know the difference between a good and a bad subscription.” I had to know more. Robbie pointed to Netflix as an example of a good subscription due to their “subscription hygiene.”
What does it take to build ongoing relationships with customers? “You have to make sure you continue to solve their problems on an ongoing basis,” says Robbie. You also have to continue to onboard new subscribers for customer success.
What should you do in the next five minutes? As Tom Peters says, excellence is the best short-term strategy. I asked Robbie what you can you do in the next five minutes to help build a forever brand with your customers. Robbie says: “Define your forever promise and your best customer.” That would be five minutes well spent!
What brand has made Robbie smile recently? Robbie once again turned to Netflix based on their recent announcement that they canceled accounts that had been dormant for a year or more. “They don’t want revenue zombies.” This too reinforces the idea of building trusted relationships over time.
As We Wrap …
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On Brand is sponsored by my book Brand Now. Discover the seven dynamics to help your brand stand out in our crowded, distracted world. Order now and get special digital extras. Learn more.
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