Issue #19 - July 15th, 2025
Written by Michael Gillespie
In this issue:
Observation: Why plateaus in membership growth aren’t failure - they’re necessary consolidation
Insight: Growth needs stability to sustain itself. Plateaus are where that stability is built: How to deal with them successfully
Outlook: Notes on building when the numbers are flat
QUOTE OF THE WEEK
“Membership plateaus are often growth stabilizers in disguise.”
Every operator hits that same wall at some point:
Growth slows. Sign-ups flatten. Renewals feel stable, but not exciting.
And the panic starts creeping in.
What am I missing?
Is this the beginning of the end?
Should I pivot? Change pricing? Add more features?
The instinct is to react. To shake things up. To “fix” the problem.
But here’s the truth about what’s often happening here: Your membership’s not broken. It’s consolidating.
Now, great operators know how to handle this moment without flinching and will experience the downstream benefits of having strategic membership discipline.
And you can be one of them.
Let’s dive in.
PERSPECTIVE
Every Membership Has to Stabilize Before It Can Scale
We talk a lot about growth curves, but what we don’t talk about is why growth plateaus are normal - and necessary.
Think of it like this:
Every influx of new members tests the limits of your product, your systems, your community dynamics, and your onboarding experience.
At some point, your membership reaches a critical mass where it can’t responsibly grow further without reinforcing the foundation.
That’s consolidation.
It’s when your product catches up to the weight of your growth.
It’s when your members settle into the experience and show you what needs refinement.
Markets do this. Communities do this. Healthy ecosystems do this.
But we rarely give memberships the same grace.
Instead, we treat the plateau like a problem to solve, when it’s really a signal to fortify.
INSIGHT
How to Operate When Growth Feels Stalled
The worst thing you can do during a plateau is chase anything just to feel movement.
And I’ll admit, it’s tempting to do.
But that doesn’t mean you stay still. You just build differently.
Here’s how:
Audit your infrastructure.
Now’s the time to make sure what you’ve built can sustain the next wave. Review onboarding. Refresh outdated content. Improve the navigation. These aren’t glamorous, but they keep people engaged longer.
Deepen member connection.
Instead of chasing new sign-ups, strengthen the relationship with the ones you have. Host a private session. Run a survey that isn’t about feedback but about connection - “What’s on your mind these days?”
Refine your positioning.
Plateaus are a great time to clarify your message. Is your membership still speaking to the exact person it was designed for? If not, sharpen it. Make your value proposition undeniable before the next growth phase.
Test small, not big.
Avoid launching huge new features out of desperation. Instead, test micro-adjustments. A new onboarding email sequence. A quarterly member-only event. See what moves the needle and move from there.
Time and time again, I see operators panic when the short-term trend line isn’t up and to the right. But these moments are where you build the version of your membership that can actually handle what’s next.
And I can assure you, your market will turn faster than you can blink. So making the right progress during the slow moments is crucial to the long-term health of your program.
OUTLOOK
Growth Isn’t Linear. But Progress Can Be.
Plateaus don’t mean you’re done growing.
They mean your product is simply consolidating for the next stage.
Memberships are complex. Member tendencies are complex. Markets are complex.
I can promise you this: You will see pauses that feel concerning, trends that don’t have clear drivers and wins that you can’t always explain.
But here’s the real trap that I want you to avoid:
If you treat a plateau like defeat, you’ll stop showing up with the same conviction.
You’ll slow your output. You’ll lose the thread. And when the market picks back up or your next breakthrough idea finally hits - you’ll be unprepared.
So here’s what the best operators do:
They keep building - quietly and steadily. So that when the next wave comes, they’re not catching up. They’re catching the benefits that make this game of membership worth being in.
So I’ll leave you with this question today:
Are you building like someone waiting for growth to return - or like someone making sure it does?
Think about it.
IN CLOSING
Tell me: How can I help you with your membership? Respond to this email and let me know (I always read every reply).
Share: I want Operator to be the most valuable thing that comes across your inbox each Tuesday. If I’m hitting that mark, share this newsletter with your staff, a team member or friend (just copy and share this URL).
See you next Tuesday.
-Michael