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Robbie Kellman Baxter - The Membership Economy: Find Your Super Users, Master the Forever Transaction, and Build Recurring Revenue

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Robbie Kellman Baxter The Membership Economy: Find Your Super Users, Master the Forever Transaction, and Build Recurring Revenue
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The Membership Economy: Find Your Super Users, Master the Forever Transaction, and Build Recurring Revenue: summary, description and annotation

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In todays 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 baseand explode their market valuationin 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 youre 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.

Youll 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. Youll 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, youll discover what works, and what doesnt, from some of the key players in the new membership economy. Its not about ownership; its about access, options, and freedom.

When you join forces with your customers, membership has its rewardsfor you, your company, and your continued success.

Robbie Kellman Baxter: author's other books


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Praise for The Membership Economy

Having seen and experienced the challenges of building long-term sustainable relationships involving membership organizations, Robbie Kellman Baxter offers clear examples and straightforward advice how to achieve success in both the nonprofit and corporate sectors.

Howard L. Wollner, Chairman, NPR Foundation

Theres a big difference between subscribers and members. From The Times to The Sun and now at the Wall Street Journal, we are committed to building our relationship with our customers around the principles of membership. Members are more engaged, more connected and more profitable. Read The Membership Economy to learn how to take your organisation from transactional to relational.

Katie Vanneck-Smith, Chief Customer Officer and Global Managing Director, Dow Jones

As the leader of a major alumni relations office, I understand the importance of building long term relationships with our members. Robbie Kellman Baxters practical advice will drive immediate results. If your organization depends on having highly engaged members, you should read The Membership Economy.

Raphe Beck, Director of Alumni Relations, Stanford Graduate School of Business

Ive run a successful membership business for a while now. So Id like to tell you to move along and not read this book because why is Robbie Kellman Baxter giving away all our hard-won secrets? But I wont tell you that. Because The Membership Economy is great perspective on an important topic.

Ann Handley, Chief Content Officer of MarketingProfs, and author of the WSJ bestseller, Everybody Writes

Robbies book is packed with innovative ideas for pricing, acquisition and engagement of customer. I highly recommend this book for any CEO who seeks to disrupt their industry by putting their customers at the center of everything they do.

Heidi Roizen, Operating Partner, Draper, Fisher, Jurvetson

From Netflix to Spotify, over the past few years, subscription models have become a powerful and profitable business model in the digital economy. Robbie has written a unique, well-researched and very smart book for anyone interested in building one.

David Kirchhoff, former CEO, Weight Watchers International and WeightWatchers.com

At American Express, weve always been committed to putting our members at the center of everything we do. Robbie Baxters book provides practical techniques and insightful new examples to guide organizations in building powerful, ongoing relationships with their members.

Josh Silverman, President, Consumer Products and Services, American Express

The Membership Economy is an insightful, research based look at the strategies and tactics needed to develop, grow and maintain a membership-style program for customers. It is perhaps the best, most detailed source Ive found on this subject to date, and it has very much changed the way I think about our own growing membership program. I cant recommend it enough.

Mark Kupferman, VP, Insights & Interactive Marketing, Six Flags Entertainment Corp.

Some will read Robbies The Membership Economy as an entertaining collection of stories about some of the most innovative organizations out there, while, for others, it will serve as a practical guide. Its a fun insider view thats also pragmatic.

Marc Bodnick, CEO, Quora

In The Membership Economy, Baxter explains, illustrates, and advocates for this new way of doing businessyou wont want to miss it.

Bob Baxley, Head of Product Design and Research, Pinterest

Salesforce.com has always focused on open, transparent, ongoing relationships with members of our community, from customers to vendors to partners. As a result, weve been named for four consecutive years by Forbes. Companies that dont build this kind of community will fall behind, but Robbies book can help any kind of organization leverage these principles and thrive. The Membership Economy is a critical read, and one that should be added to your business bookshelf this year.

LEYLA SEKA, SVP & GM Desk.com at Salesforce.com

Copyright 2015 by Robbie Kellman Baxter All rights reserved Except as - photo 1

Copyright 2015 by Robbie Kellman Baxter. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher.

ISBN: 978-0-07-183933-4
MHID: 0-07-1-83933-X

The material in this eBook also appears in the print version of this title: ISBN: 978-0-07-183932-7, MHID: 0-07-183932-1.

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All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps.

McGraw-Hill Education books are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. To contact a representative, please visit the Contact Us page at www.mhprofessional.com.

TERMS OF USE

This is a copyrighted work and McGraw-Hill Education and its licensors reserve all rights in and to the work. Use of this work is subject to these terms. Except as permitted under the Copyright Act of 1976 and the right to store and retrieve one copy of the work, you may not decompile, disassemble, reverse engineer, reproduce, modify, create derivative works based upon, transmit, distribute, disseminate, sell, publish or sublicense the work or any part of it without McGraw-Hill Educations prior consent. You may use the work for your own noncommercial and personal use; any other use of the work is strictly prohibited. Your right to use the work may be terminated if you fail to comply with these terms.

THE WORK IS PROVIDED AS IS. McGRAW-HILL EDUCATION AND ITS LICENSORS MAKE NO GUARANTEES OR WARRANTIES AS TO THE ACCURACY, ADEQUACY OR COMPLETENESS OF OR RESULTS TO BE OBTAINED FROM USING THE WORK, INCLUDING ANY INFORMATION THAT CAN BE ACCESSED THROUGH THE WORK VIA HYPERLINK OR OTHERWISE, AND EXPRESSLY DISCLAIM ANY WARRANTY, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. McGraw-Hill Education and its licensors do not warrant or guarantee that the functions contained in the work will meet your requirements or that its operation will be uninterrupted or error free. Neither McGraw-Hill Education nor its licensors shall be liable to you or anyone else for any inaccuracy, error or omission, regardless of cause, in the work or for any damages resulting therefrom. McGraw-Hill Education has no responsibility for the content of any information accessed through the work. Under no circumstances shall McGraw-Hill Education and/or its licensors be liable for any indirect, incidental, special, punitive, consequential or similar damages that result from the use of or inability to use the work, even if any of them has been advised of the possibility of such damages. This limitation of liability shall apply to any claim or cause whatsoever whether such claim or cause arises in contract, tort or otherwise.

For my parents, who think Im great no matter what.

CONTENTS
FOREWORD

Belonging matters. Each of us yearns for the tribe: for the affiliations that will support us, protect us, define us, help us make sense of a complex and overwhelming world. Everyday conversation revolves as much as ever around belonging: Do you use an iPhone or Android? Are you a Millennialor not? The one percent or the ninety-nine?

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