How can I figure out average length of club membership? Thanks!
Hi there, I’m hoping someone can contribute a faster way of doing this, but what I’ve been doing is this:
- Run an active club member report and download into Excel file.
- Add two new columns next to the “Signup Date” column
- Populate the first column all with today’s date
- Copy this formula into all cells of the second new column:
=DATEDIF(A1,A2,“m”)
but change A1 to your “start date” cell and A2 to your “Today’s Date” cell. This will calculate the total number of months in the club. - Add the entire column with the months in club.
- Divide this total by the number of club members you have.
I changed the date format to show the entire year, X/X/XXXX but I can’t remember if that needed to be done or not…
Hope that helps!
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I am trying to do the same thing. You will need to export to excel. I did the same thing as Laura with with a separate formula. https://support.microsoft.com/en-us/help/214134/how-to-calculate-the-number-of-months-between-two-dates-in-excel
Depending on how old your Wine Club itself is, I might recommend doing a MEDIAN membership length as well to give you a better picture on how long the typical person stays in your Wine Club.
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Thanks everyone