Product News Archives - https://www.memberspace.com/blog/category/product-news/ Description Goes Here Fri, 13 Sep 2024 08:09:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.memberspace.com/wp-content/uploads/2022/11/cropped-favicon-32x32.webp Product News Archives - https://www.memberspace.com/blog/category/product-news/ 32 32 Dashboard redesign and revenue analytics https://www.memberspace.com/blog/dashboard-redesign-and-revenue-analytics/ Thu, 01 Aug 2024 18:18:55 +0000 https://www.memberspace.com/?p=6544

Understanding the health of your business is important to your success and growth. That’s why we added new insights to your MemberSpace dashboard that help you track the performance of your products and pricing options!

New dashboard analytics

The new and improved dashboard now includes detailed revenue data, updated graphs, enhanced analytics, and customizable filters to help you better know which plans and content are performing the best and identify areas for improvement.

View data for specific plans and time periods

You now have control over the data you see in your MemberSpace dashboard. By default, your dashboard shows data from all plans over the last 7 days. But with the addition of plan and date range filters, you can now break down your dashboard analytics by specific plans and time periods.

Select one, multiple, or all plans. Then, adjust the time span to view data from the previous 7, 30, 90, or 365 days, or select year-to-date. You can also set custom date ranges.

All dashboard data and analytics will update based on the filters you choose.

Throughout the dashboard, you’ll also notice arrows that show how your data has changed by percentage compared to the previous period. For example, if you’ve selected the past 30 days, the arrows show the difference compared to the 30 days before that.

NEW!

Detailed revenue data

New revenue data helps you keep track of your online business income. View your total revenue based on the filters you’ve selected, or check out the interactive graph that breaks down your revenue by plan. See specific days in more detail and easily track which plans generated income and the total amount for each one.

The list of member payments gives you a deeper look at the plans they joined as well as the transaction dates. You can export this data using the button at the top, or if you’d like to view a specific member’s full event history, simply click the member’s name.

As always, you can review the total revenue from failed payments and signups that we’re working to recover, as well as the revenue we’ve already saved for you.

✨  Identifying your top-performing plans can help you focus your marketing efforts on what works best and optimize your pricing strategies. 

Memberships breakdown

Easily see how many active memberships you have at any given time. Your total active membership count is based on the plans and last date you selected. In other words, if you choose to view data from the last 30 days, the total reflects the number of active memberships you had as of the 30th day.

Coming soon!
See how your total membership count has changed by percentage over time. This metric is calculated differently than the others, as it compares the cumulative membership total from the starting date to the ending date of your selected period.

A breakdown of your membership data provides more insight into new and canceled memberships, trials, as well as upgrades and downgrades. If you have any questions about how a metric is calculated, just hover over the help icons to learn more!

The graph shows your cumulative active memberships by plan, making it easy to see how many members were on a specific plan on any given day. For more information about your memberships, including a breakdown of paid and free members, click View All.

Products and content performance tracking

See how many times your products have been viewed within your selected time period. These views are from all products across all plans, regardless of any specific plan filters you’ve applied.

The graph breaks down your total product views by date. For more detailed information about which products and specific members-only pages were viewed, and how many views each received, click View More.

If you’re using Content Links, you’ll see the total views for all Content Links across all plans within the selected dates. Click View More Details to see which Content Links were viewed and the number of views each received.

When looking at both product and Content Link views in more detail, you’ll have the option to export that data.

✨ Understanding which content resonates most with your members is key to the continued success of your business!

Let your most popular content inform your future plans for expanding your offerings. Providing the materials and resources your members want and need is crucial to keeping customers satisfied and sticking around.

Reviewing historical data

As of August 8th, 2024:

  • Membership analytics reflect ~1 day of historical data. Moving forward, data will be tracked and stored for future viewing.
  • Revenue data from the past 30 days is currently available. Within 25 days after August 8th, all historical revenue data will be restored.

Customers who joined before August 8th, 2024 can access the old dashboard for the next 30 days (following the release of the new dashboard) to take screenshots of any data or graphs you’d like to preserve. To access the old dashboard, simply visit the new one via the Dashboard link in your left navigation and click the View old Dashboard link at the top.

We hope the new dashboard and the valuable insights it provides make managing your online business even easier!

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Pricing migration improvements https://www.memberspace.com/blog/pricing-migration-improvements/ Tue, 04 Jun 2024 14:36:33 +0000 https://www.memberspace.com/?p=6187

Late last year, we introduced pricing migration and offered a few tips for how to use this feature to help grow your revenue. Thanks to your valuable feedback since the release, we’re excited to announce a new enhancement to pricing migration…

Schedule a non-prorated pricing update

Need to change your pricing, combine plans, or adjust the details of a subscription? You now have two options for moving your customers to a different plan en masse.

Change your customers' plans immediately

Choosing to update your customers’ plans immediately means they’ll be charged a prorated amount depending on the price difference between their current and new plans, as well as the amount of time remaining in their billing cycle. This grants customers access to the new plan’s products and protected pages instantly.

NEW!

Update your customers' plans on their next billing dates

If you don’t want to prorate the first payment for each of your customers on the new plan, you can instead schedule the plan update for their next billing date. This means each customer will be moved to the new plan and charged the full amount on their respective billing date.

When a customer’s plan is scheduled to change on their next billing date, they’ll see a “Scheduled change” indication in their account area under View or cancel plans. Hovering over this notice reveals the pricing migration details, including the date of the change, along with the new plan and its specifics.

pricing migration scheduled change notice

As an admin, you’ll also see this in your MemberSpace account within your member’s details under Members > View member details.

review a customer's scheduled pricing migration

You can request a pricing migration at any time directly from your MemberSpace account by navigating to either Members or Pricing in the left navigation and clicking the Pricing Migration button. 

✨ Be sure to include in your request the name of your customers’ current plan and the new one to which you want to migrate them. Also, let us know if you’d like to migrate customers immediately or have them pay full price on their next billing date.

Pricing migrations are available for recurring payment plans.

Migration reports

After MemberSpace runs a migration on your behalf, you can find the full report in the plan migrations view under Members Pricing Migration.

With this new update, the migration report will now indicate whether your customers have already been migrated or if the migration is scheduled for your customers’ next billing dates.
pricing migration report

The CSV report contains a new Scheduled for column which will include either the date the migration was performed (if an immediate, prorated change) or the corresponding customer’s next billing date (if a scheduled change).

Additionally, the Status column will now indicate whether a customer has already been “Migrated” or is “Scheduled” to be.

Failed payments

If a customer’s payment fails during a pricing migration, they will still be moved to the new plan. However, they will be given a “past due” plan status, and MemberSpace will automatically try to recover that payment on your behalf.

If a customer schedules their current plan to be canceled on their next billing date, the migration will fail for that customer.

Changing a plan immediately with no charge

There may be a scenario where you wish to move your customers to a new plan immediately (so they can access the new plan’s assigned products/protected pages), but you don’t want to charge them again until their next billing date. Here’s what we recommend in this case:

  1. Edit the old plan and update the access criteria so it matches the new plan.
  2. Move forward with a scheduled migration.

No new customers should be joining the plan you’re moving members away from, so this should help you give customers the new plan’s benefits without charging them for the new plan until their next billing date.

Follow the steps in the link below to start a pricing migration and optimize your MemberSpace plans to meet your business goals!

Pricing migrations are available for recurring payment plans.

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New feature: Easier member signup https://www.memberspace.com/blog/easier-member-signup/ Thu, 25 Apr 2024 22:04:06 +0000 https://www.memberspace.com/?p=5800

We’ve made it easier for your customers to sign up for your membership and purchase digital products with MemberSpace!

Customers can now sign up using their Google account, which means fewer steps to convert website visitors into paying customers. We’ve also made a few enhancements to your signup and login forms to support easier member signup.

Let’s take a look at what’s new!

Sign up with Google social sign-on

Customers no longer need to create a new account to sign up for your membership or purchase your digital products. Instead, your signup form now gives them the option to continue with Google.

Sign up with Google SSO

After authenticating with Google, their MemberSpace account will automatically be created. If you’ve created any custom signup fields to be completed during signup, those will still show after Google authentication. Otherwise, customers will then be prompted to join a specific plan or choose any of your public plans (depending on the signup link they used).

Enabling and disabling Google SSO

Google social sign-on (SSO) will automatically be enabled for new sites connected to MemberSpace starting April 30th, 2024.

If you connected your site before that date and want to enable Google SSO, or if you want to disable it, you can manage this feature in the Look & Feel editor within your MemberSpace admin.

Enable Google single sign-on for customers to sign up

Customizing the Google SSO button

You can also customize how the Google SSO option appears on your signup and login forms within the Look & Feel editor. Change the button theme and shape to seamlessly fit your brand.

Signup/login form enhancements

In addition to adding Google SSO, we made a few other changes to your signup and login forms to improve your member experience.

When creating an account from scratch, your customers are no longer asked to confirm their email address, which means fewer signup fields to help improve conversion rates.

Additionally, the Create Account and login buttons are now full-width, and we’ve removed the “forgot email?” link to minimize confusion (though, members can still get help logging in to their accounts via the “forgot password?” link!). 

Improvements to the signup and login forms

The default text for your Create Account button has also changed, though this doesn’t affect any customizations you may have made to your Create Account button in your MemberSpace admin.

Improve conversions with after signup fields

To further improve your customer signup experience (and facilitate conversions!), we recommend saving all of your custom signup fields until after signup. Keeping signup fields to a minimum is a proven way to turn more website visitors into customers.

Once a customer has created an account (or continued with Google SSO) and has officially joined one of your plans, they’ll be asked to provide any additional information.

If your after signup fields are required, customers won’t be able to close the popup until they’ve completed the form. And now, if a customer refreshes the page, the popup will continue to reappear (regardless of the page they visit on your website) until the signup fields are completed!

reCAPTCHA has been replaced

You asked, we listened…

reCAPTCHA has been replaced by an alternative security system that works in the background and is not noticeable by your members 99%+ of the time. This should lead to a faster and smoother signup process among other things. No more confusing bus pictures or sidewalks to click! 😅

reCAPTCHA is a test that helps protect websites from spam and abuse by telling humans and bots apart.
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MemberSpace News: Spring 2024 https://www.memberspace.com/blog/memberspace-news-spring-2024/ Mon, 01 Apr 2024 22:07:53 +0000 https://www.memberspace.com/?p=5442

🎉 New Features

Organize pages as products

The MemberSpace admin is now structured around products, which are comprised of specific protected pages on your website, or links on other websites (like a private social media group, a Zoom event link, or a template in another software, like Canva or Google Sheets).

Grouping multiple protected pages or links into a single product makes it easier to manage and sell your digital content.

Add external links to your Member Menu

With the introduction of products, you can now include external links in your Member Menu, helping you streamline your content navigation for your members. 

Add external links to other websites in your Member Menu

💪 Enhancements

Member Button mobile enhancements

We made a few behind-the-scenes improvements to your floating Member Button. On mobile, your Member Button will now maintain the same width as desktop and the same position you set in your Look & Feel editor. This helps to prevent any other floating buttons or beacons on your website from being covered.

Signup and login form updates

We’ve made a few changes to improve your signup and login forms. Your customers are no longer asked to confirm their email address, which means fewer signup fields to help improve conversion rates. Additionally, the Create Account and login buttons are now full-width, and we’ve removed the “forgot email?” link to minimize confusion (though, members can still get help logging in to their accounts via the “forgot password?” link!). 

Improvements to the signup and login forms

📚 Membership business resources

Inspiration from thriving membership businesses

Meet three MemberSpace customers making an impact with digital products:

  • Jenni shares her proven movement techniques through virtual yoga classes and an online course.
  • Abagail helps small business owners become financially free and gain control of their personal lives.
  • The team at Birthing from Within provides support through educational resources for new and experienced birthing professionals.

Check out the interviews for their secrets to success!

Creative ways to earn money online

MemberSpace customers monetize their expertise with digital products in many ways! Learn how to start a paid book clubpublish serial fictionsell Canva templatesteach music lessons online, or start an online running club.

MemberSpace blog

Hoping to get more customers opening your newsletter? We’ve got a few recommendations for the best day and time to send a newsletter.

Looking for ways to keep customers around longer? Check out 11 cost-effective membership retention strategies for creators.

Catch up on the latest MemberSpace news, membership marketing advice, and more on our blog.

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New Feature: Organize Pages as Products https://www.memberspace.com/blog/sell-digital-products/ Fri, 01 Mar 2024 21:54:41 +0000 https://www.memberspace.com/?p=5123

We’ve made it easier to protect and sell your digital products with MemberSpace!

The MemberSpace admin is now structured around products, which are comprised of specific protected pages on your website.

Grouping multiple protected pages into a single product makes it easier to manage and sell your digital content. And, products can now also grant access to links on other websites (like a private social media group, a Zoom event link, or a template in another software, like Canva or Google Sheets).

This exciting enhancement is now live in MemberSpace!

But first…

What are digital products?

Digital products are simply pieces or collections of your digital content. 

Some popular examples are:

  • Content Library — A collection of digital content like videos, tutorials, templates, images, downloadable guides, printable worksheets, and more.
  • Online Course — Organize your expertise into sequential lessons or modules.
  • Community — An interactive virtual space for your customers to communicate and connect.
  • Paid Newsletter — Share updates and exclusive content with paying subscribers.
  • Private Podcast — Broadcast your expertise privately to paying customers only.
  • Event — Host a digital or in-person event like a webinar, workshop, or meetup. 
  • eBook — Sell your eBook, drip chapters or excerpts of it, or bundle a series of eBooks.
  • Video Conferencing — Sell access to a video conferencing event like a coaching session or 1:1 call.
  • Other — Protect and sell access to any webpage or digital content piece!

💡 MemberSpace Tip
Membership businesses can offer various types of digital products! For example, if your membership includes a private community, that community is a digital product. Or if you send a recurring newsletter only to your members, that’s also a digital product.

Organizing protected pages into products

In MemberSpace, your existing protected pages can now be organized into multi-page products. 

This means that instead of managing a long list of webpages in your MemberSpace admin, all protected pages will be neatly nested within a product.

For example, let’s say you’re selling a content library, and you previously protected 3 separate pages:

  • /videos
  • /images
  • /templates

Now, instead of treating each page as a separate piece of digital content, you’ll compile them all within one digital product — your Content Library. From there, you can create one or more plans to grant access to that product (more on plans and pricing below!).

Another important new feature of products:

Easily share external links with your members!

You asked, we listened. We’ve added the option to include external links (like a private social media group, a virtual meeting link, etc.) within your products. 

That means any product you create can be comprised of protected pages on your connected website and/or external links on other sites. And yes, those external links can be included in your Member Menu!

Already have existing protected pages in your MemberSpace? We’ll walk you through how to organize your pages into products.

Setting the price for your products

Not much has changed with how you price your digital content. You’ll still create plans to set the pricing for your products. But instead of plans granting access to individual pages, they now grant access to your products.

Create as many different plans and pricing tiers as you need. Each plan can grant access to one or more products, and any given product can be assigned to unlimited plans.

No need to change your existing plans (unless you want to) — just add access to any new products you’d like those plans to have.

Adding value with new products

In addition to helping organize your existing content, this update also makes it easier to add more value to your membership with new products!

Perhaps you currently sell a content library, and would like to offer a more advanced, guided experience with an online course. Or maybe you have a private podcast or newsletter following and your subscribers would like to interact with you and each other in a members-only community.

Structuring your pages as products means you can easily add new products and grant access to those products across different plans or tiers of membership.

How to add a new product to MemberSpace

Once you’ve finished creating your digital content and are ready to share it with the world, you can easily add it to MemberSpace.

Simply visit Products in your left navigation and add a new product.

create your digital products and add them to MemberSpace

Select the type of digital product you’d like to sell and give it a name. Then, add protected pages (from your own website) or external links (link to an external website). Next, choose whether it will be included in your Member Menu, and determine when the product should be available to customers (e.g. immediately, or dripped after X days).

Adjust the settings for when customers are able to access your digital product

If you previously set up the plan(s) that will grant access to this product, you can select them before clicking Add Now at the bottom. Otherwise, skip this step and simply add your product. Then, you can set the pricing for your product.

choose the plans and pricing for your digital products

Need help creating and selling products?

If you need help creating and selling digital products, we’ve got you covered. 

Check out our detailed product guides, which walk through the steps to start monetizing your expertise with different types of digital products.

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MemberSpace News: Winter 2024 https://www.memberspace.com/blog/memberspace-news-winter-2024/ Fri, 05 Jan 2024 22:10:27 +0000 https://www.memberspace.com/?p=4907

🎉 New Features

Increase conversion rates with convenient checkout options

On MemberSpace payment forms, your customers can now autofill their payment info via Apple Pay and Google Pay. Current users of these digital wallets will have a simple, one-click option to complete their purchase.

Boost your revenue with Plan Migration

We’ve made it easy to implement a pricing update with our newest feature, Plan Migration! Seamlessly move your customers (and their existing payment method) from one subscription to another, en masse.

📚 Membership business resources

Step-by-step guides to build your digital products

Ready to expand your membership offerings? Browse our new Product Guides for ideas, and learn how to set up additional digital products to add more value to your membership!

Introducing MemberSpace University

MemberSpace University is here to support you in launching and growing your membership business! This free resource hub includes step-by-step guides to create and sell digital products, live events with MemberSpace experts, marketing tips and resources to grow your sales, and more.

Inspiration from thriving membership businesses

We recently interviewed Jeremy and Stephen, two MemberSpace customers making an impact with digital products. Jeremy’s digital community boosts productivity, and Stephen empowers those who stutter through his online course and content library. Check out the interviews for their secrets to success!

Start a private community on social media

In addition to our single sign-on integration with Circle, our customers can set up a community forum on other platforms like Instagram or Facebook Groups (convenient for members who are already on social media!).

2023 State of Membership report

Our free State of Membership report shares what we learned from surveying thousands of creators and business owners about what made memberships successful in 2023. We even included some tips on how you can implement the trends we uncovered!

MemberSpace blog

Ready to launch your online coaching practice? Whether you’re a fitness coach, life coach, business coach, or beyond, discover the 6 key steps to kickstart your online coaching business in under 48 hours!

Thinking about promoting your membership or digital offerings through video content? Check out 10 ways to use video to sell digital products on YouTube.

Catch up on the latest MemberSpace news, membership marketing advice, and more on our blog.

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New Feature: Pricing Migration https://www.memberspace.com/blog/plan-migration/ Tue, 19 Dec 2023 08:17:00 +0000 https://www.memberspace.com/?p=4651

We’ve added a new feature to help you grow your revenue: pricing migration!

If you need to move customers from one subscription to another — for example, if you’re updating your pricing — you can now transfer customers en masse. 

When to use pricing migration

As your business grows and evolves, you may wish to migrate customers from their current plan to an updated plan for reasons such as:

  • Pricing Updates:  Increase subscription pricing as you add additional value to your membership.

  • Billing Detail Updates: Adjust recurring payment plan details if needed (for example, if you need to update your plan’s payment interval, billing date, signup fee, etc.).

  • Plan Restructuring: Combine or segment plan tiers as needed to meet the needs of your business and audience.

Grow your revenue with a pricing update

Keeping your pricing in line with the value your membership provides is a great way to grow your revenue as you add to or enhance your membership offerings over time. 

For example, if you sell subscription-based access to a content library, the content included (and the value it provides) may have grown significantly from when your product first launched. The original subscription fee may no longer meet your product’s current value.

It’s a common practice to update your membership pricing as needed to align with the value your products/services provide your customers.

We recommend assessing your pricing as your business grows, and considering if the current pricing is an accurate reflection of the value of your membership.

If it’s fair to update your subscription pricing, doing so could increase your membership revenue considerably!

Update your subscription pricing when you add value to your membership

How to plan and implement a pricing update

Any pricing increase can be a sensitive matter for existing customers, so there are some important considerations to keep in mind before starting:

Should you implement a pricing update?

First, you’ll want to do some upfront research to determine if you should update your pricing, and if so, by how much. Here are some tips:
 
  1. Do your research. Thoughtfully assess the value of your membership and the tangible outcomes or transformation it provides your customers. If needed, do comparative research to better understand the pricing of similar offerings, and how your current product and pricing match up with the market rate.
  2. Factor in the cost of operations. What is the cost of your membership business operations, and has that changed over time? (For example, have you upgraded to new and better technology?) Ensure your pricing continues to cover the cost of creating your content and managing your membership.
  3. Account for inflation. The pricing of goods and services tends to increase over time due to the economic factor of inflation. If you haven’t updated your pricing in five years, your product is now earning you less than it was five years ago, due to the impact of inflation. 
  4. Consider your plan tier strategies. Is there a new value-add you can launch at the time of your pricing update, to demonstrate how your membership’s value has increased with the price? Does it make sense to offer your customers the option to downgrade to a lower-tier offering with fewer features or limited content access?

If you’ve decided it’s time to implement a pricing update, MemberSpace makes it easy to do with our pricing migration feature! You can now migrate all members of a current plan to a new plan, en masse. 

But before you begin, it’s important to clearly communicate the pricing change to your existing customers.

Clearly communicate your pricing update

Here are some tips to help your pricing update go smoothly:

Give plenty of advance notice. Let your customers know in advance that you will be increasing your pricing. If you will be presenting multiple options (for example, maintaining current access via new pricing, or downgrading to less access on a lower-tier plan), be sure you give enough time for your customers to review your email, make a decision, and take action. 

Send multiple emails. Send at least two versions of your pricing update email (more is okay too, if that makes sense for your situation). Our Member Messages feature is a great option for sending email campaigns directly to members of a specific plan. It’s also the most direct and accurate option for communicating a pricing update to all active members. Even if you typically use a third-party platform like Mailchimp, using Member Messages ensures all affected customers receive your emails — including any who may have unsubscribed from your third-party email list.

Clearly communicate the value included. You’ve determined your membership has increased in value, so clearly communicate that (with tangible examples!) to your customers. Use the “show, don’t tell” approach to demonstrate the real benefit they’ll continue to receive as a member.

Prepare to offer support to migrated customers. It happens — some migrated customers may be unhappy with a pricing increase. Sometimes, that’s because they didn’t see the email notifications of their plan migration and are surprised by the new amount they were charged. In some cases, they simply don’t like paying more than they paid previously. Be prepared to field these issues and resolve them as smoothly as possible. Some ideas: 

  • Offer customers the opportunity to connect with you regarding any questions or concerns. You can add a simple line to your emails announcing the pricing update: “Please reply to this email if you have any questions regarding the upcoming pricing change.” This can help address concerns in advance, before the migration.
  • Create a discount code that can be applied as a courtesy to customers who are unhappy with the migration. For example, X% off their subscription for the first 3 months, to ease the transition into new pricing.
  • Draft a calm, professional response for your team to send (it’s easier to prepare that in advance than on the fly when responding to an issue). 
Ultimately, you must stand behind the pricing of your product(s), because you are confident in the value they provide. If a particular customer does not see that value, it may not be the best fit for them. It’s okay to accept that not every customer will continue to be the best fit for your product/membership as it grows and evolves.

Implement your pricing migration

Once you’re ready to move forward with a pricing migration, our team is happy to help! 

We will migrate your customers (and their existing payment method) from their “old” subscription to their “new” subscription.

Note: the pricing migration feature is available for recurring payment plans only.

You can make a request directly from your MemberSpace account within the Members or Pricing view:

💡 MemberSpace Tip: Before initiating any requests, be sure to disable your customers’ current plan to prevent any further signups to the old plan. At this time, you can replace the signup link on your website with the signup link for the “new” plan your existing customers will be migrated to.

To perform the migration, our Support team will simply need to know the names of your customers’ current plan and the plan to which you will be moving them.

After a pricing migration is complete, you can view its details such as how many customers were successfully migrated, how many failed (if applicable), and which plans were affected. You can also download a CSV of the migration report which includes more detailed information like the migrated customers’ names and the reason for any that failed (for example, invalid payment method, such as a credit card that has expired).

View previous migrations and download a CSV of the full report.

Follow the steps in the link below to formally begin your pricing migration to align your MemberSpace plans with your business objectives!

Pricing migration is available for recurring payment plans.

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New Feature: Apple Pay and Google Pay https://www.memberspace.com/blog/apple-pay-and-google-pay/ Thu, 09 Nov 2023 18:51:23 +0000 https://www.memberspace.com/?p=4444

A highly requested feature is live in your MemberSpace: You can now accept payments via Apple Pay and Google Pay!

These additional quick-pay options make it easier than ever for your customers to purchase your memberships or digital products.

Learn more about the payment methods your customers can use with MemberSpace.

Increase your conversion rates

Apple Pay and Google Pay allow customers to purchase your offerings without manually entering their credit card information. Current users of these digital wallets will have a simple, one-click option to complete their purchase.

Increased convenience = increased conversion! 

That’s why quick-pay options like Apple Pay and Google Pay can help increase sales and grow your revenue. 🎉

Using Apple Pay and Google Pay with MemberSpace

Good news — for sites on most website platforms, there’s nothing you need to do to enable these new payment methods for your customers! By default, both Apple Pay and Google Pay will automatically appear on your MemberSpace payment form for any customers for whom they apply (see below).

To enable Apple Pay on Carrd, custom HTML, WordPress.com, and WordPress.org sites, you’ll need to follow a quick setup process.

Apple Pay payment method

When a customer uses either Apple Pay or Google Pay, their payment will be processed by MemberSpace exactly as a typical credit card transaction. That means the customer’s card info will be securely stored in your Stripe account just as it is when customers choose to pay via credit card on your payment form; the same payment method will continue to be charged for recurring or multiple payments.

Who can use Apple Pay and Google Pay

There are a few details to keep in mind with these new payment methods:
  • The payment options your customers see will depend on their device and browser. (For example, Apple Pay is only available on Apple devices.)
  • Apple Pay is available for sites on the following website platforms: Squarespace, WordPress, Wix, Duda, Carrd, and all non-CMS sites (i.e. custom HTML).
With this new feature, your MemberSpace payment form will dynamically update with Apple Pay and Google Pay options (depending on the factors above), making it even more convenient for your customers to purchase your digital products or memberships.
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State of Membership 2023  https://www.memberspace.com/blog/state-of-membership-report/ Thu, 19 Oct 2023 14:48:20 +0000 https://www.memberspace.com/?p=3995

There’s no shortcut to running a successful membership business. From finding your niche to attracting new members and creating exclusive content, it’s harder than ever to build an engaged and profitable community online.

That’s why we created our first-ever State of Membership report, where we collected insights from thousands of membership business owners about their goals, challenges, and achievements that they’ve experienced in 2023. 

In this post, we’ll walk you through all the trends we uncovered in detail – and provide some tips on how to implement them – so you can feel more confident about running and growing your own membership business this year. 

We’ve compiled details from thousands of creators and business owners to uncover the trends that make membership businesses successful.

If you don’t have time to read the full thing, feel free to jump to the section that you’re most interested in here: 

Table of Contents

Key takeaways 

There are tons of surprising stats in this post, but we first wanted to share the strongest trends that came out of our State of Membership report to highlight how membership businesses are operating in 2023. 

  • Trend #1 – The biggest industry for memberships is health & wellness/fitness & athletics.
  • Trend #2 – Most membership business owners create their own websites and use Squarespace as their preferred CMS. 
  • Trend #3 – Over half of membership business owners are solopreneuers. 
  • Trend #4 – 70% of memberships include a content library, a collection of digital resources like videos, images, PDFs, webpages, blog posts, etc. 
  • Trend #5 – The membership businesses we surveyed had a wide range of pricing — from $1 memberships to thousands of dollars per membership. 
  • Trend #6 – 75% communicate with members via an email marketing tool, like Mailchimp or ConvertKit.  
  • Trend #7 –  The primary forms of marketing used by membership business owners to find new members are a website/blog, email list, social media and referral/word of mouth.
  • Trend #8 –  The number one reason for starting a membership is to help others/make more of an impact in the world. 
  • Trend #9 – The most challenging aspect of starting and growing a membership is marketing.
  • Trend #10 –  Less than 25% of membership creators market via paid ads. Memberships are being largely filled organically!

About our respondents

You might be wondering who the data is coming from. To create our report, we surveyed thousands of membership business owners from around the globe. Here’s a bit more about them:

  • These creators are from 142 countries, with the majority in the United States,  United Kingdom, Australia, and Canada. 
  • Our customers do business in 49 currencies. Over 77% use USD. 
  • Most membership business owners are Millennials. However, nearly a third are over age 50. 
  • 52% of membership business owners are solopreneurs. Most others have small teams of 2-3. Only 4% have teams of 6+.
  • 50% of business owners have a job outside of running their membership. 
  • The top three industries are health & wellness/fitness & athletics (24.8%), education (19.8%), and business/entrepreneurship (14.9%), although there are more than a dozen industries surveyed in the report. 

Membership business is a popular side hustle, full-time job, or "second career" for creators of all ages.

Building a membership site

The first step to launching a membership business is creating a website, but that doesn’t mean all business owners have to learn to code or hire a professional web designer. In fact, more than 75% of creators that we surveyed stated that they made their own website, while 20% used a freelancer. Only a small fraction (2.4%) used a web design agency. Great news for solopreneurs!

The majority (61.9%) use Squarespace, which is the platform we usually recommend to creators as it’s the most user-friendly and offers tons of beautifully-designed website templates. The other top CMS platforms were WordPress, Notion, and custom HTML. 

State of Membership CMS

There are many paths to a successful membership site, and DIY is a well-traveled one!

Top digital products to include in a membership

There’s no exact science on what to include in a successful membership, but we uncovered one common theme from our survey – the majority (nearly 70%!)  of memberships include a content library. A content library can be any collection of digital resources that you want to provide your members, like videos, courses, PDFs, newsletters, blog posts, etc. 


What you choose to offer your members is highly dependent on what niche you’re in and what your skillset is. To give some ideas, here’s a 
look at other digital products that creators include in their memberships: 

  • Digital downloads
  • Online courses
  • Community forums
  • Member directories
  • Video conferencing
  • Affiliate programs
  • Digital magazine or newspaper
  • Paid newsletter
  • Private podcast
State of Membership digital products

Pricing, plans, and revenue trends

One of the biggest questions new membership business owners have is “how much do I charge for my membership?” We’d love to provide you with an exact answer, but pricing is a bit more nuanced and can vary greatly from membership to membership. Let’s take a look at what our respondents had to say about their tiers, plans, and revenue.

Tiers

Offering different tiers in your membership can have many benefits. For instance, you might offer a free tier that allows members to get access to some of your exclusive content, but only paying members get access to the full package.

However, our research shows that offering multiple tiers is not always a key to success. In fact, half of all business owners surveyed offer just one tier, while 75% of the businesses with multiple tiers offer just two or three tiers. In other words, keeping your membership tiers simple may lead to more success!

State of Membership tiers

Plan Types

When you think about paying for a membership, you might think about a monthly fee for ongoing access. However, according to our survey, only 44.4% of business owners are accepting payments this way! Others take one-time or multiple payments. There are valid reasons for each of these methods, though.

Here’s the breakdown:

  • 44.4% recurring payment – This payment method is popular because it’s generally the most accessible and affordable entry point for new members. And, they help the membership creator continue to earn income as they add more value to their membership over time.
  • 46.3% one-time payment – This method can be a great way to offer life-time access to a membership at a discounted rate, or to sell access to individual digital products, like an ebook or online course.
  • 9.1% multiple payment – This payment method is most commonly used for higher-priced items, like a master class or coaching program, because it lowers the initial cost.

Trials

Turns out offering a free trial was not a common practice among membership business owners. Only 10.8% of paid plans offer a free trial, and the median trial length is 7 days. Despite these stats, offering a free trial can be one of the best growth levers for memberships as it gives potential customers a sneak peek into your community before fully committing. 

Revenue

Now, let’s talk revenue! Interestingly, offering a membership isn’t the only income stream for many entrepreneurs. In fact, over half of the creators we surveyed reported their membership is a side-hustle, earning less than 25% of their business income from membership sales. But, nearly 30% of respondents say that they earn most of their income from membership sales.

Here are some additional revenue highlights from the report:
  • The average number of members is 156.
  •  The price of a membership varied a lot, from a dollar to thousands of dollars per membership!
    • One-time payments averaged $375.67, with a median price of $99.
    • Multiple payments averaged $236.27, with a median price of $133.
    • Recurring payments averaged $226.05, with a median price of $49.

While many memberships are part of a larger businesses, they are increasingly becoming the core of a business. Recurring revenue from the membership model helps small business owners earn more income with their time.

Marketing a membership program

Whether through social media, your blog, or email, the way you communicate with current and potential members is key to maintaining and growing a successful membership business. In this section, we’re going to take a look at the most popular platforms and channels creators use for marketing and communication.

Communicating with current members

When it comes to reaching out to current members, most of our survey respondents use multiple channels to connect with their audience (75%), with the most popular channel being an email marketing tool like Mailchimp or ConvertKit. This makes it easy to schedule out email campaigns, track analytics, and design branded email templates for a polished, professional look.
 

Business owners also communicate through: 

  • Direct email (e.g. Gmail) – 48.8%
  • Private social media  (e.g. Facebook Group)  – 37.6%
  • Phone or text message – 24.2%

Finding new members

Marketing your membership is inevitably one of the most daunting parts of running a business. Whether you’re not sure what to share, or simply don’t know where to share about your business, you’re not alone. Don’t worry about mastering every single social media platform – just start with a couple of channels where your target market spends their time, and invest in those.

Here’s a peek at the top platforms membership business owners use: 

State of membership marketing

Social media

90% of creators we surveyed use social media in some capacity for their business. This doesn’t mean you need to worry about becoming the next Instagram influencer or post something every single day, but it does mean that utilizing social media to market your membership is basically a non-negotiable. 

So, we asked the million-dollar question, “how often do you post on social media?”

Here’s what respondents had to say:

State of membership social media

Blogging

Unlike social media, many of our respondents don’t regularly utilize their blog to promote their membership. In fact, nearly 30% of creators don’t have one to begin with!
 
State of membership blogging

Less than 25% of membership creators market via paid ads. Memberships are being largely filled organically!

Membership goals and challenges

There are several reasons why creators start membership businesses, and you might be surprised that many of them have nothing to do with money! Our survey revealed that the #1 goal for starting a membership is to help others/make more of an impact in the world, followed by to share my knowledge and expertise. 
 
Here’s a look at additional responses:
State of membership goals
 
And as with any business, there are plenty of challenges that come along with running and growing a membership. Survey respondents agreed that marketing their memberships is the hardest part about the job, followed by scaling the business and building a website. 
 
State of Membership challenges
 
Choosing a membership platform was fourth on the list and challenging for half of membership business owners. With so many platforms available, it can be tough to determine which one is the right fit for your business, and a minimum, it’s important to find a tool that takes care of: 
  • Member experience & navigation 
  • Content security 
  • Content organization 
  • Design customization & branding 
  • Member billing options

Success stories

Learning about the achievements of our customers has been the best part of crafting the State of Membership report. Whether it’s more income, more members, or more freedom, we love celebrating great creators. Here are a few of our favorite stories featured in the report!
"I made 60k last year from my membership! I also believe I'm making a difference and providing a valuable resource for parents of kids on the autism spectrum."
"Launched my membership and immediately turned around a decline in overall revenue (I'd hit the ceiling with Patreon & their content organization). About to hit 2,000 paying members!"
"We had a record month that we hadn't seen since before the pandemic. We had 188 new sign ups!"
"Within the last year our increase in members has allowed me to hire two employees so I can spend less time on logistics and more time on the creative!"

"Success" looks different for different membership creators. Success can be income earned, new members joined, or the time freedom created.

Final Thoughts

Whether you’re looking to launch your membership or grow an existing one, we hope our State of Membership report will give you the confidence boost you need to take the next step toward selling your membership and gaining financial freedom! For the full report of insights from thousands of membership creators, download the free State of Membership now!

We’ve compiled details from thousands of creators and business owners to uncover the trends that make membership businesses successful.

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MemberSpace News: Fall 2023 https://www.memberspace.com/blog/memberspace-news-fall-2023/ Thu, 28 Sep 2023 21:50:45 +0000 https://www.memberspace.com/?p=3902

🎉 New Features

Improve conversion rates with faster checkout

On MemberSpace payment forms, your customers are now given the option to autofill their payment info via Link, Stripe’s quick-pay checkout experience. This provides a faster checkout and can improve conversion rates!

Automatically fill in payment details with Link

NEW! Find Member action in Zapier

We’ve added a new action to our Zapier integration! You can now search for members by email within a Zap, increasing the ways you can use MemberSpace with other apps via Zapier.

Find a member via their email within a Zapier zap and connect to other platforms

💪 Enhancements

Credits now show in member events

When a customer upgrades from one recurring payment plan to another or has a credit from a previous downgrade, we now display the credit amount in charge events within the member Events log (under “Members” > “View member details” in any MemberSpace account). This helps provide more clarity about why a customer was charged less than expected without the extra work of having to look through invoices.

View credits within payment charge member events

[Wix sites only] Updated embed code

Due to an issue with Wix iframe code embeds, we created a more robust solution for embedding MemberSpace forms into pages of your Wix website. The functionality is unchanged, and your member experience will be identical to the previous iframe embeds.

📚 Membership business resources

Signup/login link options

There are several ways for members to sign up, log in, and access members-only content from a website using MemberSpace. Customize your member experience with our flexible member signup and login link options!

Recover abandoned signups

When a new customer creates an account but doesn’t complete their signup by joining one of your plans, we remind them through a website popup and a short email series. This abandoned signups feature has already helped our customers recover over $2 million in revenue!

Start a private Facebook community

In addition to our single sign-on integration with Circle, our customers can set up a community on other platforms like Facebook Groups (convenient for members who are already on Facebook!), or others.

MemberSpace blog

Catch up on the latest MemberSpace news, membership marketing advice, and more on our blog. Some of our latest posts include how to make money on Instagram23 digital products you can sell to monetize your website today, and how to monetize a community!

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