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1056. Keys to Launching a Profitable Membership
Manage episode 437654737 series 3559852
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In this episode of The Kelly Roach Show, Kelly dives into the intricacies of launching a profitable membership, community, or subscription service. Drawing from her firsthand experience in launching the Virtual Business School monthly membership, Kelly offers a well-rounded perspective on the pros and cons, delivering valuable insights into the strategic considerations essential for success. She openly shares her journey, detailing the transition from high-ticket sales to a membership model, while emphasizing the critical roles of timing, market understanding, and robust infrastructure. While launching a membership service may initially seem straightforward, Kelly unveils the hidden complexities, including challenges like customer acquisition, managing churn rates, and the vital need for an established audience.
Also in this episode:
A membership model should be lean and easy to manage if you have existing systems and a dedicated team in place.
Launching a membership model is more efficient and profitable with an established audience and strong online presence.
A low-ticket, high-volume product requires consistent sales efforts and strategies to manage customer churn effectively.
Continual re-engagement and providing high value are essential to retaining members and achieving sustainable growth.
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