Recurring Revenue Rolodex: The science, art & madness of a membership program that lets people pay you on auto every month

The big Question is not HOW to create the monthly membership site, it should be WHEN to create a monthly membership site. Reality check: Not every business is suitable for this.  

WATCH THE FULL VIDEO BELOW

OR YOU CAN CATCH THE AUDIO HERE INSTEAD:

Here’s the checklist you need:

Firstly you need to  be solving a problem that people are not ashamed to  admit. If it’s a problem involving shame it is hard for people  to invest in the beginning  and also every month that payment will remind them of how  inadequate they are.  The caveat  is of course if you are SOLVING the shame problem.

 

A continuous solution to a continuous problem

If you fix a problem for good – like   curing acne for example – why on earth would you need a monthly membership site?

Ease & speed

Add this and you have bingo baby! Think of putting together a stylish outfit in 10 minutes for example.

Leads into bigger offers

If your membership programme is your only  offer you’re setting yourself up for failure in the long run. Make sure the membership site creates hunger for your bigger offer

Does not cannibalize bigger offers

If your membership site has enough elements that people are totally satisfied then it’s hard to sell  them anything else. DOn’t kill the need for the bigger offer

NOT your first offer

It’s not impossible to do this BUT it is relatively hard if you don’t have a track record or a proven product.

Ch ch ch checked them off the list? Then go forth and spin that rolodex, click below to get the slides:

 

Recurring Revenue Rolodex

1 Comment

  1. Tammy on May 27, 2017 at 5:54 pm

    Thank you Bushra! This was very helpful!!

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