engagenomics: member engagement drives satisfaction

36

Upload: higher-logic

Post on 13-Jan-2015

251 views

Category:

Social Media


1 download

DESCRIPTION

Presentation with Marketing General Inc. Topic: Our study showed that associations which have a higher level of engagement are trending an average of 5% better retention. Andy Steggles, President, Higher Logic Reggie Henry, CIO, ASAE Erik Schonher, Vice President, Marketing General

TRANSCRIPT

Page 1: Engagenomics: Member Engagement Drives Satisfaction
Page 2: Engagenomics: Member Engagement Drives Satisfaction

Engagenomics: How Does Your Member Engagement Drive Satisfaction?

May 19th, 2014By Andy Steggles, Reggie Henry and Erik Schonher

Page 3: Engagenomics: Member Engagement Drives Satisfaction

Top Membership Goals

Increasing member engagement

Increasing membership retention

Increasing membership acquisition

Increase understanding of member needs

Increasing dues revenue

Increasing non-dues revenue from members (attendance at conferences, purchase of services/education, etc.)

Increasing member diversity

Other

67%

64%

60%

28%

27%

25%

11%

3%

2014 (n = 784)

Page 4: Engagenomics: Member Engagement Drives Satisfaction

Methodology• Analyze 2013 Engagement Data from:– 400+ Associations– 150,000+ Communities– 15 Million Members– 54 Engagement Variables– Plus Ratios Between Variables

• Perform Correlation Analysis• Create a Composite Engagement Score (CES)• Compare with 2014 MGI MM Benchmark

Page 5: Engagenomics: Member Engagement Drives Satisfaction

Goal is to Identify:

• Best Practices for Engaging Members• Quantify Benchmarking Metrics for Different

Sized Organizations• Engagement Potential• Correlation Between Engagement and

Satisfaction

Page 6: Engagenomics: Member Engagement Drives Satisfaction

Bios and Photos

• Do Bios/Photos = Increased Engagement?• Will Bios Grow Organically?• Which is More Important? Photos or Bios• Does a Bio AND Photo = > Engagement?• Audience Ideas/Recommendations?

Page 7: Engagenomics: Member Engagement Drives Satisfaction

Do Smaller or Larger Organizations have Better Engagement?

Page 8: Engagenomics: Member Engagement Drives Satisfaction

Size Matters• Set appropriate expectations based upon the

# of Members.• Metcalf’s Law Holds True for Online

Communities:– Associations with higher ratios of members

subscribed to at least one discussion group, rank higher in overall engagement.

– Less Segmentation is Better for Broader Membership

Page 9: Engagenomics: Member Engagement Drives Satisfaction

Size Categories by # of Members*

Small 0 to 1,499 Small/Medium 1,500 to 5000Medium 5,000 to 19,999Medium/Large 20,000 to 49,999Large 50,000 to 99,999X Large 100,000+

*Members are defined as those individuals which are designated to receive member benefits.

Page 10: Engagenomics: Member Engagement Drives Satisfaction

Shared Files Per Member RatioSize_Category

0.0500 0.1000 0.1500 0.2000 0.2500 0.3000 0.3500 0.4000 0.4500 0.5000 0.5500 0.6000 0.6500

Library Entries Per Member

Small

Small_Medium

Medium

Medium_Large

Large

X_Large

0.5920

0.0042

0.2047

0.0938

0.0085

0.0633

Shared Files Per 100 Members• Small: 59• Small/Medium: 20• Medium: 9• Medium/Large: 6• Large: 0.8• X-Large: 0.4

Page 11: Engagenomics: Member Engagement Drives Satisfaction

Blog Posts Per Member RatioSize_Category

0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 0.10 0.11 0.12

Blogs Per Member

Small

Small_Medium

Medium

Medium_Large

X_Large

Large

0.0066

0.0012

0.1107

0.0275

0.0115

0.0011

# of Blog Posts Per 100 Members• Small: 11• Small/Medium: 2• Medium: 1• Medium/Large: 0.6• Large: 0.1• X-Large: 0.1

Page 12: Engagenomics: Member Engagement Drives Satisfaction

Mentee/Mentors to Members Ratio

Note: There was not enough mentoring related data to provide a significant analysis at this time.

Page 13: Engagenomics: Member Engagement Drives Satisfaction

Discussion Based Email Open Rates

• Average Daily Digest Open Rate: 26.9%

• Average Real Time Open Rate: 34.13%

Page 14: Engagenomics: Member Engagement Drives Satisfaction

Discussions Related Metrics

• 51% of Members Subscribed• 1.37 Group Replies Per Thread• 0.33 Replies to Sender for a Thread

“For each thread created, there were an average of 1.37 replies to the thread and 0.33 replies directly to the sender.”

Page 15: Engagenomics: Member Engagement Drives Satisfaction

Ratio of Engagement to Total Membership• Legend:

– % of members subscribed to at least one discussion group

– % of group replies– % of threads per

member• Example:

– For every 100 members, there were 57 replies

– For every 100 members, there were 40 threads

Page 16: Engagenomics: Member Engagement Drives Satisfaction

Composite Engagement Score Algorithm

Total member authors of new threads or group replies/Total Members * 0.7

+Total members who have posted more than one group message/Total Members * 0.3

* 100

Page 17: Engagenomics: Member Engagement Drives Satisfaction

Email Subscriptions Matter

0 0.2 0.4 0.6 0.8 1 1.20

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

CESLinear (CES)

Ratio of Members Subscribed at Least to 1 group

Com

posi

te E

ngag

emen

t Sco

re

Page 18: Engagenomics: Member Engagement Drives Satisfaction

Average CES by Size Category

Size_Category

0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00 11.00

Avg. CES Index

Small

Small_Medium

Medium

Medium_Large

X_Large

Large

10.50

7.52

3.19

4.27

1.13

1.91

Page 19: Engagenomics: Member Engagement Drives Satisfaction

Average CES by Size(Top 25% of Orgs by Members to Messages Ratio)

Size_Category

0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00

Avg. CES Index

Small

Small_Medium

Medium

Medium_Large

X_Large

Large

17.10

43.19

1.64

5.46

8.52

2.61

Page 20: Engagenomics: Member Engagement Drives Satisfaction

CES Variability by Size of Organization

0 50000 100000 150000 200000 250000 300000 350000 400000 450000 5000000

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

f(x) = 2.42660786749164E-12 x² − 1.11606779000913E-06 x + 0.0770435866334104

Number of Active Members

Com

posi

te E

ngag

emen

t Sco

re

Page 21: Engagenomics: Member Engagement Drives Satisfaction

0 1000 2000 3000 4000 5000 60000

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

f(x) = − 1.91340863884627E-08 x² + 9.26518941299019E-05 xR² = 0.225436644396224

CESPolynomial (CES)

Number of Active Members

Com

posi

te E

ngag

emen

t Sco

re

CES Variability for Small/Small-Medium Orgs

The highest engagement achieved by orgs with 2k to 3k members.

Page 22: Engagenomics: Member Engagement Drives Satisfaction

CES Variability for Medium-Medium/Large Orgs

0 10000 20000 30000 40000 50000 600000

0.05

0.1

0.15

0.2

0.25

f(x) = − 1.01141276154429E-10 x² + 4.59935474293966E-06 xR² = 0.437726240751163

CESPolynomial (CES)

Number of Active Members

Com

posit

e En

gage

men

t Sco

re

The highest engagement achieved by orgs with 20k members.

Page 23: Engagenomics: Member Engagement Drives Satisfaction

Review of the 2014 Membership Marketing Benchmark Report

• Total participation–2013 691–2014 894

• Increase of 28%

Page 24: Engagenomics: Member Engagement Drives Satisfaction

Health of the Industry

• 53% grew over last year• From a low of 36% in 2010

Page 25: Engagenomics: Member Engagement Drives Satisfaction

Key Indicators: Member Acquisition & Member Retention

• Member Acquisition– 58% reported an increase over last year

• Member Retention– 31% of associations reported an increase in

renewal rates (down from last year)

Page 26: Engagenomics: Member Engagement Drives Satisfaction

Correlation of Renewal & Engagement

Associations by 2014 MGI MMBR & Associations with an Engaged Online Community who Agreed to Participate in a Blind-Comparison

IMO TRADE

2014 MGI Membership & Marketing Benchmark Report

76% 85%

Associations with Engaged Online Community

79% (+3%) 92% (+7%)

% of Improved Retention Correlated with Online Engagement 5%

Page 27: Engagenomics: Member Engagement Drives Satisfaction

Example: American Society of Association Executives (ASAE)

• Use Net Promoter Methodology• 21,533 members• 13,272 subscribed to Collaborate• 3016 Completed Survey• 81.6% (2462) of the Respondents were

Collaborate Users

Page 28: Engagenomics: Member Engagement Drives Satisfaction

Analysis Findings

• Net Promoter Scores:– 22 for Collaborate Users– 0.1 for non-Collaborate Users

• Members with a bio, photo (or both) had twice as high NPS rating.

• Members who were subscribed to a section had higher NPS scores for all sections, except the technology section.

• The more money a member spent, the higher their NPS (except for a slight dip for those who spent between $560.01 to $1355.00).

• NPS increased as the number of orders increased.

Page 29: Engagenomics: Member Engagement Drives Satisfaction

ASAE cont.

• Types of Collaborate Postings Categories:– Did not post– Initiated post– Replied– Both

• If a member replied, they had a higher NPS than a member who initiated a post.

• Members who did both had the highest NPS of all.

Page 30: Engagenomics: Member Engagement Drives Satisfaction

Example: American Society of Health System Pharmacists (ASHP)

• Use Net Promoter Methodology• 34k Members• 1359 Respondents have an active discussion

subscription• 1112 Do not have a subscription

Those who have an active subscription to a discussion group are 35% more likely to recommend ASHP to a friend or colleague.

Page 31: Engagenomics: Member Engagement Drives Satisfaction

Top 5 Reasons Members Join Their Association

2014

(n = 863)2013

(n = 693)

2012 (n =

684)

2011 (n = 641)

2010 (n =

400)Networking with others in the field 21% 24% 22% 25% 24%

Access to specialized and/or current information 20% 13% 12% 14% 13%

Advocacy 8% 8% 12% 10% 11%Discounts on products or meetings 8% 4% 5% 5% 6%

Learning best practices in their profession 6% 8% 7% 7% 9%

Continuing education 5% 7% 8% 7% 11%

Page 32: Engagenomics: Member Engagement Drives Satisfaction

Areas of Engagement

n Increased Stayed the same Decreased

Attendance at Conference/Trade Show 696 48% 38% 14%

Volunteerism with your organization 669 31% 62% 8%

Attendance at your professional development meetings 575 44% 45% 11%

Attendance at webinars 493 62% 30% 8%

Participation in your private social network 470 65% 30% 5%

Participation in your Young Professional program 248 63% 31% 7%

Participation in your mentoring program 206 41% 51% 8%

Page 33: Engagenomics: Member Engagement Drives Satisfaction

Top 3 Reasons For Not Renewing

2014

(n = 802)2013

(n = 691)

2012 (n = 687)

2011 (n = 639)

2010 (n

= 400)

Lack of engagement with the organization 17% 15% 14% N/A N/A

Could not justify membership costs with any significant ROI

12% 11% 11% N/A N/A

Budget cuts/economic hardship of company 11% 18% 17% N/A N/A

Page 34: Engagenomics: Member Engagement Drives Satisfaction

Increased Support for Member Engagement:Budget Changes

30%

62%

8%

IncreasedStayed the sameDecreased

Page 35: Engagenomics: Member Engagement Drives Satisfaction

Summary

• Top Reasons Members Join: Networking• Focus on Providing Value in This Area (in-person

and online)• Curate vs. Create• Membership Professionals: Work Smarter vs.

Harder• Size Matters: Understand Implications with

Respect to Setting KPIs.• Auto-Subscribe Members.

Page 36: Engagenomics: Member Engagement Drives Satisfaction

Thank You

• Andy Steggles, President, Higher Logic, [email protected]

• Reggie Henry, CIO, ASAE, [email protected]

• Erik Schonher, Vice President, Marketing General, [email protected]