What if you don’t do Skool alone? https://www.skool.com/skooligans/about?ref=43ce9aec895841c5b735aebc122a834b

Just wanted to share with one of my favorite communities.

New issue out next week...

This morning, I had the pleasure to present in @Vasi Smith 's wonderful Thrive community. The topic was about how to use online courses to supplement your coaching in order to scale your business and charge high-ticket prices. At the end of the presentation, I turned on the Free 7-Day Trial for the Build Lab, my other community where I help purpose-driven entrepreneurs create high-quality courses and successful Skool communities. This free trial will be on for 24-hours only. She's also been kind enough to share the recording, which you can find in both her community and the Build Lab. The Thrive community is to, "Nourish your nervous system, heal your gut, transform food addiction into JOY. Get the support & encouragement you need." Check it out!

In a post in Skoolers from 2024, someone asked what a "good" retention rate is for your community. Sam Ovens gave the following statistics for churn. Churn is the opposite of retention. It is the number of paying members who leave your community: 2-9% = Amazing 10-19% = Good 20% = Average 21-30% = Bad If we translate this into retention rate, which is what is what is now reported by Skool in your settings instead of churn, it looks like this: 91-98% = Amazing 81 - 90% = Good 80% = Average 70-79% = Bad I looked at my own numbers and was confused, so I asked him for clarification. His response was that the retention rate in the CLASSIFIEDS is "exceptional!" Why exceptional? Because the retention rate is better than 100%. It is actually 105%!!! Retention is defined by Skool as "the amount of MRR revenue at the start of last month which is still active at the end of last month." In the Build Lab, my other community, the retention rate is 96%. Want to know how to improve your retention rate in your community and the #1 thing I do to ensure that my own retention rates stay high? Check out the new Standard tier of the Build Lab. We discuss this and many other factors that play a real role in making sure that your community is successful for the long term (and none of them have anything to do with flames, games, or insane MRR goals)! I'll be doing a live training at the beginning of August on my top 6 retention strategies so that you can start implementing them immediately. Oh, and there's a 38% discount if you sign up for the year - because we all know that it's going to take longer than a minute to get your community where you want it to be. 😉 Check out the Build Lab here! I can't wait to support you in creating a successful Skool community that gets meaningful results for both you AND your members!