We have done the same before with punch cards. It creates a value but also allows them to use the days within a year of purchase. Also, from a revenue standpoint it is better long term to have that upfront sale.
Cheers, On Monday, October 30, 2017 at 11:39:48 AM UTC-4, Jerome wrote: > > I price in these distinctions. > For example, if in your case, a 12 day/mo plan might be $240/mo, or > $20/day. > My version of prepaid walk-ins would be $300 for 12 days prepaid, or > $25/day. To clarify, these 12 days wouldn’t rollover - they’re basically > valid forever (or perhaps you limit to 1 year redemption) > I would then price a single day walk-in as, say, $35/day. > > You get the membership > They get the value of commitment, but understand the “loss” of not using a > day here or so, which in the above would be 3 days (=3 x $20/day they’ve > paid, but may not use, vs. the extra $60 if they were to prepaid $300 for > 12 prepaid days) > > > *JEROME CHANG* > > talk to us: (323) 330-9505 > chat w/ us: http://www.BLANKSPACES.com/chat <https://lc.chat/now/7173741/> > > *WEST: Santa Monica* | 1450 2nd St (@Broadway) > *CENTRAL: Mid-Wilshire* | 5405 Wilshire Blvd (2 blocks west of La Brea) > *EAST: Downtown* | 529 S. Broadway, Ste 4000 (@Pershing Square) > *NORTH: Pasadena* | 680 E. Colorado, Ste 180 (b/w Lake and Los Robles) > > On Oct 30, 2017, at 8:30 AM, Craig Baute - Creative Density Coworking < > [email protected] <javascript:>> wrote: > > It's a feature that I've always been against and it's not causing issues > by saying 'no'. The main benefit of rollover days is retention of members. > I noticed how rollover has really effected how I approach what I subscribe > to, I'm thinking of Audible as an example. I get to keep my rollover > credits as long as I'm a paying member. This means by canceling my > subscription I am giving up not just my book a month but the 3 book credits > that I haven't used yet. This keeps me paying the lowest plan just to keep > the credits available. > > I have a feeling this would help retention of members in a similar way. It > will likely effect the 4 days/month people and the 12 days/month people. > They often use their total but there are periods of the year when people > travel and that's when I loose members. It's that month or two when their > schedule changes and they won't use their current plan as often so they > just cancel outright and hope they come back. However, if rollover happens > then they are not just canceling their plan but all of the days they have > built up. Now they could just go down to the lowest plan to keep the > rollover days available and I keep the relationship. Once their schedule > normalizes again they are back to being part of the community and a paying > member. > > My biggest issue with rollover is monitoring days. We run on a trust > system and adding a layer of monitor is a hurdle I would need to overcome. > > What are your thoughts? > > -- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected] <javascript:>. > For more options, visit https://groups.google.com/d/optout. > > > -- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
