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Book Description

In today’s business world, it takes more than a website to stay competitive. The smartest, most successful companies are using radically new membership models, subscription-based formats, and freemium pricing structures to grow their customer base—and explode their market valuation—in the most disruptive shift in business since the Industrial Revolution. This is The Membership Economy. Written by an expertconsultant, this groundbreaking book will show you how to turn ordinary customers into members for life. Learn how to: Turn digital subscriptions into forever sales Build an online community your customers will love Develop new loyalty programs that really pay off Transform freemium users into superusers Create a self-generating revenue stream Keep memberships and profits growing for years to come Whether you’re a small business with limited resources, an established company using a traditional business model, or a hungry start-up who wants a bigger bang for your buck, this comprehensive guide provides a wealth of membership-building options to suit every need. You’ll learn the best-kept secrets of top industry leaders, from global giants like Am Ex and Weight Watchers to smaller dot-com successes like SurveyMonkey and Pandora. You’ll find proven strategies for creating membership programs for everything from vacation timeshares and car rentals to video streaming and Software-as-a-Service. Most importantly, you’ll discover what works, and what doesn’t, from some of the key players in the new membership economy. It’s not about ownership; it’s about access, options, and freedom. When you join forces with your customers, membership has its rewards—for you, your company, and your continued success.

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Contents
  5. Foreword
  6. Acknowledgments
  7. Introduction
  8. SECTION I What You Need to Know About the Membership Economy
    1. 1 How the Membership Economy Fits into the Bigger Picture
    2. 2 Why the Membership Economy Matters
    3. 3 The Many Faces of the Membership Economy
  9. SECTION II Membership Economy Strategies and Tactics
    1. 4 Build the Right Organization
    2. 5 Build an Effective Acquisition Funnel from the Bottom Up
    3. 6 Onboard Members for Success and Superusers
    4. 7 Start Simple with Pricing, but Leave Room for Flexibility
    5. 8 Incorporate “Free” as a Tactic, Not a Strategy
    6. 9 Use the Right Technology and Track the Right Data
    7. 10 How to Retain Members (and When to Let Them Go)
  10. SECTION III Membership Organizations Come in All Shapes and Sizes
    1. 11 What You Can Learn from Online Subscriptions
    2. 12 What You Can Learn from Online Community Models
    3. 13 What You Can Learn from Loyalty Programs
    4. 14 What You Can Learn from Traditional Membership Economy Companies
    5. 15 What You Can Learn from Small Businesses and Consultancies
    6. 16 What You Can Learn from Nonprofits, Professional Societies, and Trade Associations
  11. SECTION IV The Membership Economy and Transformation
    1. 17 From Idea to Start-Up
    2. 18 From Start-Up to Mature Organization
    3. 19 From Offline to Online
    4. 20 From Ownership to Access
    5. 21 From Business as Usual to Competitive Disruption
  12. Conclusion: How You Can Start Transitioning Today
  13. Glossary
  14. Notes
  15. Index
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