14 min listen
No, Average Member Retention Is NOT Only 3 Months
No, Average Member Retention Is NOT Only 3 Months
ratings:
Length:
17 minutes
Released:
Aug 15, 2018
Format:
Podcast episode
Description
"The average length of time someone will stay subscribed to your membership is just 3 months."
You’ve heard that before, right?
You’ve no doubt seen "experts" throwing this statistic around. Heck, if you dig hard enough I wouldn't be surprised if we've repeated it ourselves once upon a time!
Well here’s the truth - that 3 month average subscription length? It’s nonsense. Utter nonsense.
In today’s episode I look at where the whole 3 month myth came from and why it’s persisted - but more importantly I talk about what the actual average subscription length for membership sites is.
Episode Summary: Where the "3 month average" member retention myth came from, and why it's stuck around so long.
Why it's impossible to determine an exact industry average for online memberships.
A more accurate ballpark average subscription length, backed up by data.
Why it really doesn't matter what the industry average is, and what you should focus on instead.
You’ve heard that before, right?
You’ve no doubt seen "experts" throwing this statistic around. Heck, if you dig hard enough I wouldn't be surprised if we've repeated it ourselves once upon a time!
Well here’s the truth - that 3 month average subscription length? It’s nonsense. Utter nonsense.
In today’s episode I look at where the whole 3 month myth came from and why it’s persisted - but more importantly I talk about what the actual average subscription length for membership sites is.
Episode Summary: Where the "3 month average" member retention myth came from, and why it's stuck around so long.
Why it's impossible to determine an exact industry average for online memberships.
A more accurate ballpark average subscription length, backed up by data.
Why it really doesn't matter what the industry average is, and what you should focus on instead.
Released:
Aug 15, 2018
Format:
Podcast episode
Titles in the series (100)
Using Offline Marketing to Grow Your Membership Site by Membership Geeks Podcast with Mike Morrison