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The Art of Online Business

Case Study: 0% Churn!, with Ali Manning (Membership Series)

The Art of Online Business

Kwadwo [QUĀY.jo] Sampany-Kessie

Team Building, Online Business, Outsourcing, Marketing, Facebook Ads, Business Scaling, Business, Online Marketing, Productivity, Evergreen Sales Funnels, Podcasting, Youtube, Entrepreneurship, Social Media

4.8828 Ratings

🗓️ 5 January 2022

⏱️ 58 minutes

🧾️ Download transcript

Summary

One of the key concerns membership business entrepreneurs have is retention. How long people are staying in your membership, and how to keep members from leaving. ‍‍ Cut your lead gen costs in HALF with my $37 mini-course–NOW only $17!Visit The Art of Online Business website for Facebook Ads help‍‍ ‍‍ ‍‍ Losing members is commonly called “churn,” and it’s constantly on the minds of many online creators that have a membership business. If your churn rate is 5%, you’re doing pretty well....

Transcript

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0:00.0

We only do one thing. I don't have a course. I don't sell product. I don't do anything else.

0:08.5

I don't, I mean, occasionally I'll do a, you know, collaboration or, you know, I might do a little something, but my sole focus is on this membership, on these people, on serving them like 24-7 pretty much.

0:20.7

And I feel like that shows in what we do,

0:23.6

how we do it. My focus isn't split.

0:30.6

Hey, my friend, welcome to the art of online business podcast. My name is Rick Mulready,

0:35.7

and I'm an online business coach. I'm an ads expert.

0:38.9

And most importantly, I'm a dad. And this show is where we help established online course

0:44.4

creators and coaches create more profit, more impact, with less hustle. All right, let's get into it.

0:55.7

One of the key things when we have a membership in our business, or if you're thinking

1:00.4

about adding a membership to your business, is retention, right? How long do people stay in

1:07.2

your membership? And, you know, there's different metrics that we use to measure that.

1:13.1

The primary one is churn rate, right?

1:16.5

So average churn rate, you know, if you're doing like 5% and below, you're doing, you know,

1:23.2

I'd say 5% is about average.

1:25.2

You're doing pretty well.

1:26.0

If you're in like that 3% or below,

1:28.2

you're doing extremely well. Well, my guest today, Ali Manning, she's one of our accelerator

1:33.8

coaching members, she is essentially a 0% churn rate in her membership. Now, Ali is a bookbinder

1:41.9

and a book artist.

1:47.4

And in her membership, she teaches people bookbinding.

1:48.9

How to do bookbinding?

1:50.3

These are like craft projects.

...

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