When the retention stat punches you in the face...
Hi there Reader, Let’s talk about the number no one wants to admit they’re watching: How many people canceled this month? After a big launch or challenge, it’s easy to focus on growth. But 30 days later? Not because their product sucked. Here’s the real deal:In 2019, it was predicted that 75% of businesses would move toward a subscription model by 2023. That’s not a trend. That’s a systems failure. Even now, 71% of Americans say they’re wasting over $50/month on subscriptions they don’t use. You think they’re going to choose to stay in something that doesn’t feel good?
Most memberships don't have a retention strategy. They have a cancellation delay strategy. "Close your eyes and hope they forget to unsubscribe" is not a system. So if you're staring at a disappointing number on your dashboard, you're not alone. That’s why I pulled back the curtain last week and taught a segment of my Retention Blueprint for a private client group. Just pure strategy on:
Spend the next 20 minutes leveling up what you know about retention, engagement and growth. And if you already know your membership is draining you? There’s a fix. And it’s faster than you think. Talk soon, Starlight “It Don’t Mean Sh*t Unless They Stay” Mundy
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