How to Boost Retention and Maximize Customer Lifetime Value in Your Membership Subscriptions
If you’re running a membership where people pay a weekly or monthly fee, the key to growth is keeping your members engaged for as long as possible. Retention is much more profitable than constantly finding new customers!
👉 Reflect today: Are you focusing enough on retaining your members?
Here’s how to increase retention and lower your churn rate:
➡️Focus on Extending Lifetime Value
The longer your members stay, the more valuable they become. Keep them engaged with consistent value, and they’ll stick around longer. 📈
➡️Keep Your Churn Rate Low
Your churn rate is how many people leave your membership. Keeping it as low as possible is crucial for long-term success. For example, inside Legends Lab, I have a churn rate of just 3% per year—meaning 97% of members stick around! 🎉
➡️Build a Thriving Membership Academy
Create a membership that provides ongoing value and meets the needs of your audience, just like my Legends Lab or my students’ memberships. A thriving community keeps people coming back for years.
Remember: Retaining your members is far more profitable than constantly searching for new ones. Focus on creating value that keeps them invested!
💡 Want to build a thriving membership and increase retention? Join Make Your Membership or Legends Lab today for step-by-step guidance:
www.sarahcordiner.com/make-your-membership 🌟
www.sarahcordiner.com/legends 🌟
#MembershipSuccess #RetentionRates #BusinessGrowth #RecurringRevenue #SarahCordiner #Edupreneur
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