Knowing the numbers can help answer key membership marketing questions like:
- What is my membership renewal rate?
- How much can I afford to spend to obtain a new member?
- What is the value of a member?
If you work in a membership organization, you know that math and metrics are at the heart of what we do every day. We use math to understand where we’re starting, what’s working, what our ROI is, and what requires change. It gives us insight into the health of our organizations; are they growing, shrinking, or stagnating?
From determining the simpler response rates of marketing efforts to the more complex steady state analysis, MGI has compiled the calculations we’ve worked with every day for the past 40 years to help us understand the current state of an association’s membership program. Use this cheat sheet as a reference tool to take a strategic look at the economics of your membership.
Download your free guide now, and get the reference tool you need to evaluate and report on your membership program.
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