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Business is hard right? But, there are two types of people. Those who struggle to implement tactics thinking that’s how to grow your business. And those who focus on growing their MINDSET. At Fearless Business we focus on 3 core pillars: 1. First we nail your PRODUCT/OFFER, we teach you how to build a sustainable business doing something you love. 2. We fix your PRICING - this is mostly mindset, learning how to charge 2-3 times your current prices. 3. And finally LEAD FLOW, we show you how to get leads and convert them at your higher price point. For more information visit: https://fearless.biz and https://www.robinwaite.com
Episodes
Friday Nov 26, 2021
Is a Subscription Model Suitable for My Business
Friday Nov 26, 2021
Friday Nov 26, 2021
Can you imagine waking up on the 1st of every month and £10k dropping into your business' bank account?
During today's episodes Robin Waite, Founder of Fearless Business talks through all of the pros and cons around building a subscription model into your business.
What we'll be discussing today:
He'll walk through the various pricing models available and how to determine which one is relevant for your business including:
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- Building a compelling front-end offer
- Different types of membership/subscription business models
- Explaining what Customer Lifetime Value is and how to generate great lifetime value
The upsides to running a subscription model business:
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- That creates regular sustainable income
- Building a tribe of raving fans who refer more clients into your business
- How a thriving community can help to get even better results than working with clients individually.
The downsides to running a subscription model business:
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- How to overcome client churn and the admin created within a subscription model business
- Growth can be incredibly slow when enrolling new clients/customers
- It can require having an incredibly large audience
- Cashflow is spread out over several months or years even
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz
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