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The 5 Mistakes Online Entrepreneurs Make When Creating and Launching Memberships [Ep 23]
Manage episode 425569038 series 3551496
Innhold levert av Samantha Whisnant - Systems Strategist & DFY Agency Owner, Samantha Whisnant - Systems Strategist, and DFY Agency Owner. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Samantha Whisnant - Systems Strategist & DFY Agency Owner, Samantha Whisnant - Systems Strategist, and DFY Agency Owner eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.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
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