Quote:
Originally Posted by Hell Puppy
I largely agree at this point now that we have 6+ months of data. But there's more in play here than just a recession and free content.
First, this is a recession with a credit crunch. I remain convinced that we're going to find out that the number of college freshman getting peppered with student credit card offers and actually obtaining one is way off from years past. Others who carry large credit balances may now have found their 10K limit dropped to 5K....and they may be maxed now.
The other thing is cross sells and other credit card shenanigans in our biz continues to erode the trust factor. And along with it an ever growing customer base is becoming an ever shrinking number of actual qualified buyers. Lots of eyeballs, fewer and fewer willing to trust us with a credit card number.
We're in a perfect storm of all of this coming together.
|
I agree with you on that. I see rebills not going thru and the sucky part is since we combined the site retention has gone way up.
