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Showing posts with label Growth Calculation. Show all posts
Showing posts with label Growth Calculation. Show all posts

From Growth to Caution: Mid-Year Membership Trends

 



Traditionally, association membership totals and renewals are a lagging indicator of economic and social shifts. Members join for a full year, so reporting changes typically are delayed from more real-time indicators.

However, this year could be different. In response to questions from association executives shared on social media and discussions with membership staff, we heard concerns about their membership numbers. To gain more clarity, we conducted a mid-year survey based on our regular questions from the annual Membership Marketing Benchmarking Report. We wanted to see if these anecdotal experiences were becoming a trend.

In our July survey, we asked how membership has changed over the past six months. Specifically, we inquired whether membership numbers increased or decreased and whether renewal rates went up or down.

The data that came back surprised us.  

Total Membership: A Noticeable Drop in Growth

When comparing responses from January to July, we see a notable change. As the chart below shows, the percentage of associations reporting increases in membership dropped from 45 percent to 36 percent, while those reporting a decline rose from 26 percent to 36 percent.

A table with numbers and text

AI-generated content may be incorrect.

Renewal Rates: Fewer Gains, More Losses

We see similar patterns in renewal rates from our 6-month survey. As the chart shows, associations reporting an increase in renewal rates dropped from 25 percent to 14 percent, while those reporting a decline went up from 27 percent to 37 percent.

A table with numbers and text

AI-generated content may be incorrect.

New Member Acquisition: Fading Momentum

Another concern is the decline in new member acquisition. Only 38 percent of survey respondents said their new member input had increased, down from 47 percent in January. And, as the chart indicates, 23 percent noted that new member acquisition has decreased.

A table with numbers and text

AI-generated content may be incorrect.

How Should We Interpret the Data?

When comparing data from any research, it's important to include qualifications and context. First, our July survey involved fewer participants and had a shorter response period compared to our large annual benchmarking study. Second, the time of year can affect responses, as some associations experience a decrease in membership during the slower summer months. Still, the overall trend across three key indicators—total membership, renewals, and new member input—suggests that something significant may be happening.

Looking Ahead and Planning

The numbers don’t yet indicate a crisis, but they do raise valid concerns. We can all speculate about the potential causes behind these declining membership numbers, but more importantly, associations might want to consider how to address these possible challenges highlighted by the data by exploring some supplemental membership strategies. Some options could include:

  •        Revisit recruitment messaging and offers based on new challenges to the industry or profession.
  •        Re-engage lapsed members to highlight the support available from the association.
  •        Create new content such as articles, reports, and webinars to help members navigate industry-specific challenges.

Most importantly, this is a time to research and listen closely to members and prospects to better understand their concerns and evolving needs.

 

Membership Recruitment Book Release


For many years I have cataloged my experiences as I consulted with perhaps a hundred professional and trade associations to understand and capture the successes and challenges these groups have had in growing their membership.

That is why I am happy to share many of these lessons with you in my just-released book,  MembershipRecruitment: How to Grow Recurring Revenue, Reach New Markets, and Advance Your Mission.

This book aims to answer three critical questions: Why is a growing membership so important? How can a thriving membership program be planned and executed? And what is required to achieve long-term membership resiliency?

You can order your copy of the book in print or as an eBook on Amazon. Here are some of the early book reviews.

 “Membership Recruitment is a thoughtfully written guided tour of today’s membership marketing universe, complete with how-to advice for the uninitiated, updates for the experienced, and fresh insights for everyone.”

 Joy Davis, CAE
Managing Director, Member Products
American Association of Pharmaceutical Scientists

 "Tony Rossell is the Master of Membership Marketing. This book is not a theoretical treatise; it reflects Tony’s work over many years, during which he has executed these principles over and over again to the great benefit of many membership associations. As the terrain shifts under the feet of non-profit associations, and for-profit corporations capitalize on the membership model, Tony’s expertise on member acquisition and retention is to be treasured by anybody serious about membership growth.”

 Ron Mattocks
Chief Operating Officer
Council for Advancement and Support of Education

“Tony Rossell is a leading expert on all aspects of membership from recruitment through retention. As it is stated in the book, ‘Members can and should be the driving power for association success.’ This book should be required reading for all who work in a membership association. The book contains practical, research-based advice and guidance that will assist associations in the development of strategies both to increase membership and retention.”

Neil Reichenberg
Former Executive Director
International Public Management Association for Human Resources

“If you are in the membership business, do yourself and your organization a favor by buying and reading this book. Tony Rossell understands the membership business better than anyone. Save yourself years of trial and error by discovering what he has learned during a long and successful career in membership marketing. Tony knows what works today and where the trends are leading us tomorrow.”

Frank Kenny
Founder
Chamber Pros Community

Membership Recruitment: How to Grow Recurring Revenue, Reach New Markets, and Advance Your Mission is available on Amazon. You can also get more information here.