“Soft” first quarter at Virgin Media
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Re: “Soft” first quarter at Virgin Media
Maybe this is why they are pushing V.VIP so much, to get their ARPU up?
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Re: “Soft” first quarter at Virgin Media
Probably why they are making it more difficult to get discounts for people who aren't genuinely intending to cancel. There's no point in having price rises if people can essentially opt out.
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Re: “Soft” first quarter at Virgin Media
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Re: “Soft” first quarter at Virgin Media
...and a retention deal with a lower profit is better than losing a customer altogether.
These days they do seem to be letting people go ahead and cancel though and then contacting them later on during the notice period to try to get them to stay. A family member and a friend had both been with cable for donkeys years and rang to say that they found the latest price rises were unacceptable. Nothing was done to try and keep their custom, so they both set up new (cheaper) suppliers to start after the cessation of their VM services. Calling their bluff and contacting them towards the end of the notice period certainly backfired in these cases as their reduced price offer simply came too late. I'm certain that had something been done in a timely manner, they would have stayed with VM. |
Re: “Soft” first quarter at Virgin Media
Yeah, I've had a soft quarter too. Mainly due to bloodsucking offspring....
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Re: “Soft” first quarter at Virgin Media
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If the customer doesn't intend to leave then it's revenue lost. Yes, taking a hard line will result in some customers moving on, but if the proportion of chancers is high then a hard line will benefit revenue and profits in the long run. Less customers isn't a bad thing if those remaining are higher quality. |
Re: “Soft” first quarter at Virgin Media
I switched my TV from VM to Sky a few years ago and one of the things Sky tend to do now is advertise the majority of their offers to both new and existing customers, the latter tying you into a new contract.
Surprised that VM haven’t followed suit as it surely alleviates a lot of the faux cancellations if existing customers can just select a new deal if they are happy with a new contract. With the amount of cord cutting, service providers, etc, these days, I think Sky have it spot on as retention is as valuable as attracting new customers in this day and age. |
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According to BARB estimates, Sky has lost 900,000 DSat customers in the UK over the past 7 years and, unlike Virgin, Sky/Comcast refuse to reveal actual UK DTH subscriber numbers which in itself suggests Sky do not have it quite so spot on as you think they do. Plus, let's not forget the best deals from Sky (and Virgin) remain exclusive to those who refuse any new deal and cancel. |
Re: “Soft” first quarter at Virgin Media
Long may it continue I'm all for paying less at contract end.;)
Jeremy Darroch can worry about the numbers , he gets paid enough.:) |
Re: “Soft” first quarter at Virgin Media
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https://advanced-television.com/2019...st-deal-rules/ |
Re: “Soft” first quarter at Virgin Media
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I wonder, however, if they will still be able to offer certain customers a bespoke price. I wrote to complain about the latest price rise (I can't leave at the moment as i'm still in contract domestically for a few more months) and have had the price rise extinguished plus a bit more off on top. I was told that this discount is open ended and will never expire. I told them that i'd been told this before and had experienced hassle further down the line, so they have put this in writing for me to prevent a repetition. |
Re: “Soft” first quarter at Virgin Media
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Re: “Soft” first quarter at Virgin Media
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Re: “Soft” first quarter at Virgin Media
It's ok, i've found it :)
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