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Nexudus - Is Your Space Performing?
Home News

Retaining Coworking Members Is As Important As Attracting Them

Aayat AlibyAayat Ali
April 24, 2019
in News
Reading Time: 1 min read
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Research shows that customer retention rates by as little as 5% can increase a company’s profits anywhere between 25% and 95%. So what steps can a business take in retaining coworking members?

First, making sure your space is in a position to fit your target audience. By identifying a specific audience and tailoring your services to appeal to them, it will be easier to retain prospective members.

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Yardi Kube automates flex & coworking operations

When recruiting new members, make sure your pitch is laid out in a way that properly communicates all of the benefits, services, and amenities your coworking space has to offer.

The process isn’t over when a new member comes onboard. Once they’re apart of the community, you want to continue engaging with them and also encourage networking within the space. This can be done through online communities or hosting events.

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Yardi Kube automates flex & coworking operations

No matter the method you take in retaining coworking members, always make sure something sets your space apart. Whether it be reduced membership fees or freebies for existing members, it is important to continue promoting the space after you have attracted your community.

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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