All businesses suffer from churn.
Customers buy, some stay, and some leave.
And if you don't know why your customers are leaving, you won't know how to keep future ones around. An exit survey helps you understand why.
Here are 5 types of questions to ask:
1. Price
Everyone has a budget. And if your product or service isn't giving your customer the ROI they want, or they have other priorities. They're going to leave. It "pays" to know. You can either offer them a discount to stick around or think about way to improve the actual or perceive value.
2. Value
This one hurts. Here the customer is telling you, "I thought you could help me, but the truth is you aren't." Time to check your offer. You either need to refind the promise or improve the quality of your fulfillment.
3. Time
You can have the best solution in the world, but if your customer doesn't have the time to implement it, they won't use it. This is a signal to incorporate templates, or time saving hacks to help your customers gets the value you offer faster.
4. Competition
This is a subtle variation of the value question. The difference is your customer is telling that someone else is solving the problem better than you and it was worth the switch. There's a lot of friction to overcome when you change solutions. It validates the problem you are solving, but you've got some work to do on the solution side.
5. Other
People are people and they have a billion reasons for doing what they do. Give your customers space to tell you what's on their mind. There's a high probability the reason they give will fits into one of the categories.