Recently, the principal of a major college with 10,000 people reported to me that the renewal rate of the autumn class of the institution is far lower than in previous years. Even the top teachers with a renewal rate of 95% on weekdays have encountered “less than 70%” of Waterloo this year. The style fell, and the “achievements” of other teachers were even more terrible, and everyone was very anxious.
Because renewal is the main source of cash flow for training institutions. Statistics show that 70% of the organization’s revenue comes from renewal. What’s more worrying is that even 10,000-person institutions have been greatly shaken, let alone small and medium-sized institutions. . If this continues, this year’s revenue will experience a major regression. So, what should the institution do to maintain the stability of the veteran students and increase the renewal fee? Let’s talk to everyone today.