The most Important metric for your membership site

so my clients have been totally blown away by this tool and how amazing and how they could see the possibility for their membership so if you have a membership site or if you plan to have one this is a case where you're really

gonna see that retention strategy is so so so important so this is a monthly recurring revenue calculator that I have built where you're going to be able to see how the price of your membership but also how long people stay in your

membership really goes a long way into the health and the profitability of your membership so let's take a look so here basically you can set up the price for your membership so say we have a membership at 57/months and let's say

that our membership is not going so well right now so maybe two people stay two or three months okay and maybe you manage to get a hundred members as founding members in and you can get ten new members every single month okay so here you can see immediately the total revenue per

member and you can also see the revenues per month right when people stay on average only three months okay now what I want to show you is what if you can build a retention strategy so that you people your people will stay longer say

they stay ten months look at the difference after months ten eleven twelve was the hundred you know I've gone then you left with five thousand record revenues now on mon sneh you get that 10k what if you could do another

launch where you can get hundred more members right imagine what that would do to your recurring revenues so when we build a membership we want to have a bigger impact get lots of members build the community but we also want to financial

stability and recurring revenues right and to do this I hope that you can see here that your retention strategy needs to be set up from the beginning okay so if you have a membership and people are not staying longer that I strongly encourage you to look into what retention strategies are

you applying today and I think I have a couple of videos on that on my channel right but if you need any help just post a comment below and I'm happy to chat with you so you can actually download this calculator okay I have put a link

below it's new software marketing.com slash calculator and all you have to do is go to file make a copy and save it on your drive alright I hope you enjoyed this video if you liked it please click on the thumbs up and sign up to

subscribe to the channel so that you can be notified when a new video becomes available thank you so much for watching and I will see you next time