))
The 5 Mistakes Online Entrepreneurs Make When Creating and Launching Memberships [Ep 23]
Manage episode 425569038 series 3551496
Content provided by Samantha Whisnant - Systems Strategist & DFY Agency Owner, Samantha Whisnant - Systems Strategist, and DFY Agency Owner. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Samantha Whisnant - Systems Strategist & DFY Agency Owner, Samantha Whisnant - Systems Strategist, and DFY Agency Owner or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode, I discuss the five mistakes people make when creating and launching memberships from a systems perspective. I also share my thoughts and experiences working with clients who have launched memberships, highlighting the behind-the-scenes aspects and profitability of memberships.
Takeaways
- Don't believe that a membership will be a magic fix for your monthly recurring revenue. It takes time and effort to build and grow a successful membership.
- Have a clear transformation or promise for your membership. Make sure members know what they will get out of it and why they should stay month to month.
- Understand the return on investment (ROI) of your membership and how it fits into your customer journey. Consider the lifetime value of a customer and their conversion rate into higher ticket programs.
- Market your membership consistently and treat it as a core offer in your business. Dedicate time and resources to promoting and selling your membership.
- Give your membership time to grow and be prepared for income fluctuations. Memberships are a long-term game and it may take time to see significant results.
Connect with Sam:
- Website: https://www.systemswithsam.com/services
- Instagram: https://www.instagram.com/systemswithsam/
- LinkedIn: https://www.linkedin.com/in/samwhiz/
Ready to start building scalable systems in your business? Check out my free private podcast feed, Seven Figure Systems, where I share the biggest systems shifts you need behind the scenes as you scale from six to seven figures.
Download Now: systems-with-sam.ck.page/seven-figure-systems
31 episodes
Share
