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08/18/2021

Why Updated Membership Models Are Key to Ongoing Success

Member retention took a beating during the pandemic

Member engagement is up, which should be good news, right? After all, 45 percent of associations showed an increase in membership and 71 percent said the level of member engagement increased this year, according to Marketing General Incorporated’s latest Membership Marketing Benchmarking Report.

The flip side is, 47 percent of associations reported a decline in membership and 45 percent saw a renewal rate drop, compared to only a 24 percent drop last year. Members turned to their associations during the pandemic to get immediate help and information to navigate the crisis, which was a main factor in increased engagement. But the situation is more complicated: Engagement isn’t enough, and there has to be a focus on retention and renewal.

“The pandemic was globally disruptive across sectors, relationships, organizations and professions, and any business assumptions you had prior to the pandemic have to be reinvestigated and re-validated,” said Dean West, FASAE, president and founder of Association Laboratory.

Please select this link to read the complete article from Associations Now.

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