One of the questions I’m often asked is what are some of the top reasons people quit membership programs?
After working with my coaching network and my private clients and after leading my own membership business and growing a membership business to be the largest in its niche, I’ve compiled what I have found to be the top five reasons people quit membership programs.
Now, again, let me just say. This is regardless of your industry, regardless of your niche. These are the five reasons that people are canceling your membership program and over the next few weeks, we are going to “deep dive” into what those reasons are and what you can do about them!
Number one: “It costs too much.”
Now, you and I both know that anything worth doing requires an investment. It requires an investment of time and often, even greater, it requires an investment of money. When your members say, “It costs too much,” they’re really not saying it costs too much. What they’re saying is that the investment is greater than their responsibility to do something with it.
Now, obviously, you can’t tell them that. You can’t tell them that, “No, really, it’s your problem.” As a matter of fact, when somebody says, “It costs too much,” usually, as a membership business owner, you’re thinking, “Well, maybe I am charging too much… Maybe I am charging people more than I should. Maybe my competitors are charging less, so I should charge less.” No, that’s not what you should be thinking.
You should be thinking that, “How can I help them see that it isn’t a matter of this costing too much. I need to get them to take the investment of their time and their resources to reap the benefits that you provide for them.”
Now, a membership in your program must demonstrate a good return on investment, yes, but you have to consistently remind your members and demonstrate to them how they’re going to get that return on investment.
And keep in mind, it’s not about the stuff they get, it’s the results they get for being a part of your membership. Results remind your members of how important their membership is and why staying with you is the best investment of time and resources.
If you’re interested in learning more about if and how I can help you scale your coaching business, here are three ways we can work together:
1. Grab a copy of “High-Ticket Coach.” It’s my brand new book on how to create, launch and sell your high-ticket membership offer. You’ll also get a ton of free resources and tools to help sell your current membership offers.
2. Get a FREE copy of Accelerate: How to Get Your Next 10, 100, 500 or Even 1,000 Members… Yes, you can get a free copy of my brand-new book! In it, you discover more on how to promote your membership, get more members and increase retention.
3. If you’d like to work directly with me and my team to help you create and sell a high ticket membership… If you’d like to work directly with me and my team to multiply your membership… just schedule a free strategy session. We’ll map out a strategy and then take a look to see if and how we may be able to grow your business.
Go here to complete this brief survey and schedule your free call.
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