Memberships are giving online brands a competitive edge (Part II)
Memberships aren't the only way ... but are taking the lead
When business owners start to look seriously at scaling, it can be overwhelming when looking at all the one-to-many business models that exist - courses, high-ticket coaching programs, productized services, done-for-you agency style services and memberships.
With so many options, how does anyone choose the right one?
One of the decisions I help people with the most is how to structure their offers. There are many ways to scale a business and deliver value to clients.
It's important to pick the right model; yet, it's not an easy decision to make.
Instead, business owners are better off focusing on how they can grow steadily while reducing the amount of cost required to generate a sale over time.
Choosing the one-to-many model that's going to get you and your clients better results is the start. Because the more your business delivers on its promise, the easier it will be to make a sale.
Starting a membership site is not as hard as we think
I used to think memberships were impossible pipe dreams.
You mean recurring revenue every single month, limitless numbers of clients and all I have to do is create an online space for them?
And when I began to dive into that rabbit hole, all I saw were the problems - bringing community together, getting people to sign on in the first place (a lot of work for such a small fee) and then the churn ...
Oh, the churn!!
I became skeptical that everyone was attracted to membership sites because they thought of them as cash cows. In other words "too good to be true". For those who they were working for, it was immensely profitable and for the rest... they were hard, if not impossible, to get going.
What I was missing (like many others) was the fact that these models are nuanced. There are so many variations that they (when set up right) can work for a wide range of niches, personalities and clients ... and be wildly successful.
It wasn't until I began to work with a number of clients with memberships that I realized how different they actually were. I used to think that the entire outcome was focused on the community. And like many others I've spoken to recently, I was not alone.
Many business owners assume that the main skill set required is community building and it's simply not the case.
If access to a community of support isn't the primary benefit your clients receive from working with you, then you don't have to focus on that in a membership program. That's one of the biggest objections I've come across when speaking to established business owners.
What I like most about the membership business model is that it provides a lot of flexibility in how you deliver, charge and how long you work with people.
Some of these models look more like courses, others more like coaching support.
Like with any other offer or package, as the business owner, you get to decide how to set it up and provide a solution that meets the needs of your clients and your own.
The best membership programs adapt from the strengths of the business owner and build on previous success.
Client case study
My client Hunter Clarke-Fields, founder of the Mindful Mama Mentor, has a mindful parenting program that used to be a course and is now a membership. Because she delivers a lot of value in the form of training to her members, there's a minimum commitment period of three months for a higher monthly fee of $99 as well as a lifetime option payable for 12 months for $69.
She's elevated the value of her program by providing long-term access. This isn't adding to her workload as she's committed to showing up in her community monthly and launches three times per year.
And there's a big incentive to take the lifetime option for parents who can't commit to completing all the material in 3 months. She's effectively removed a barrier for buyers who'd be unsure they could take advantage of a limited-time live program. That's important for parents of very young children.
A membership can be a risk-free option
Many of us have felt overwhelmed after buying courses and realizing the timing wasn't right or the content couldn't be easily adapted for our actual needs.
Those experiences have left us more fearful of investing in our ideas and dreams. I've always felt that validation and "eyes on my brand" are two of the most important benefits of any program. And that requires access to the coach or mentor we're investing in.
What if we need that validation months down the road and we no longer have that access? Or there's a premium price to getting it and we've already spent so much?
A membership program can take those risks away. Especially for clients who're investing in long-term results. If they're learning a complex skillset, changing a behaviour or transforming the way they see themselves, it can take time.
There's a lot of integrity in a program and business owner who recognizes that change takes time and is open about that reality.
Client case study
Another one of my clients, Coach MK, runs an online running program called Fitness Protection. Her community consists of women and men who run but don't consider themselves "runners". The majority of them are at the back 1/3 of the marathon. Her job is to remind them that they "ran the freakin marathon!" and didn't hurt themselves doing it.
She has a unique way of helping them maintain their fitness year-round so they're always race ready. She also sees her job as keeping them "tethered" to their coach so they don't lose their motivation and commitment, even when they are injured. They can move back and forth between three different training programs depending on what they need.
All this for the price of six fancy coffees (over-priced & too sugary) per month. Her $29 membership program not only gives them a monthly training program, a supportive community but access to leadership from several coaches who're always rooting for them.
With her membership program there's no reason for people to leave the program (and they rarely do). Because it's affordable and focused on building and maintaining a life-long healthy habit, it's worth the investment. In this case there is no limit to the number of people who could be supported at the same time.
So it seems easy, right?
Just throw up a sales page and invite everyone you know to it... and it will flourish. Not exactly.
"Shortly after Lisa and I wrapped up working together, only months after launching my business, I attracted 6 private clients."
I directly attribute that to the work we did together because of the clarity and confidence I obtained. These new clients were all people whom I had known for a while, but they now understood what I did because I understood it, articulated it, and lived it in a way I hadn't before.
Knowing you can start small with who you know, by starting to understand who you help the most using the slow build approach versus watching what all the other internet marketers do online (that mindset will sink you) has been critical. It hasn’t been a struggle to get my first group of clients because I've approached my business in a way that’s natural to me. I’m being myself, leveraging my strengths, and extending myself in a way that serves others.
I’m now looking at ways to not be the only person doing what I'm doing in my business. I’m excited for what my next phase of growth will bring.
Carol Cox, Speaking Your Brand
Lisa helped us add value to what we currently offer our clients without having to hustle which is what our competitors are doing.
We wanted strategies that we could apply to our businesses immediately - a quick turnaround and measurable results. We didn’t want any fluff. With her help we were able to focus on a direction and very clear business goals that matched our values and desired lifestyle.
Leah Mulleda, Laneway Media
The most successful service businesses have very simple designs
They don't try to sell everything to all people. In fact, the likely only have one or two offers. Trying to do "all the things" prevents you from telling the real story of your value. And that's what's keeping you from being a $1million brand.
You've looked around. There are so many successful entrepreneurs with similar businesses to your own. They appear to be killing it. But how did they get so much traction?
Their materials & trainings are not so much better than yours.
How did they take the leap from unknown to known?
There are two answers to that question. They either hustled (and are likely not even happy now) OR they've simplified their business completely.
The best way to grow any service-based business is to have less offers that deliver higher value.
Lisa opened up a whole new world for me, allowing me to look at my business strategy as profitable and sustainable for years to come. With her honesty, fearlessness, encouragement and guidance, she helped me change the way the studio runs from all angles.
She showed me how my business could continue to grow rapidly at a successful and manageable rate. Working with Lisa, is by far one of the best choices I've made for my business and my personal well being.
Sara Constantin, Squamish Dance Centre
Grow your business online without relying on mass marketing
To continue to make a healthy profit consistently, you need to invest in marketing. But you don't need to rely on being on every single social media channel, video, blog and all the rest to hit the next level.
Most highly profitable and highly satisfying businesses are the ones you don't often hear about. Why is that? Because they don't have to spend loads of money on advertising to build their $1m brand. Instead they rely on:
- Fewer offers that promise bigger outcomes & command higher prices.
- BOLD unmistakeable messaging that attracts higher level clients.
- Showing up completely real & consistently in places that grow their authority.
- Narrowing the type & scope of work, making the business more specialized & irresistible.
Ready to create your dream business model?
I worked with Lisa to revamp my brand messaging and she gave me tons of insight that led to an important shift in my business.
Within 6 months after working together, I was able to double the members in my program and increase my member retention.
Andrea Jones, Savvy Social School
After hiring Lisa for a one-day intensive coaching session regarding my marketing and messaging, I walked away not only with a lot more clarity than I walked in with, but also a roadmap on how to put everything we talked about into action. Beyond that, I left so excited and energized about the direction of my business, and motivated to get to work. I really can't recommend Lisa highly enough!
Jeremy Enns, Counterweight Creative
Lisa helped me see that the bottleneck existed in my sales sequence. Just days after I tightened up the language, I bumped up the price 15% and started selling 1 course every day! She helped me see that I was giving too much away and didn't need more leads, just a higher conversion rate.
Lisa's process got me immediate results. I've now had 3 record breaking months in a row ... and it's my slow season!
Mark Groleau, Unboring Wedding
Personalized Guidance for Consistent Business Growth
For growth oriented business owners who need to get their business model right & create a bold action plan.
This is a structured program to guide you towards the following outcomes:
- The business model for your dream business (makes money AND gives you freedom).
- Know your ideal client - who you best serve & benefits the most from your support.
- Clear value proposition - your brand promise, core messaging, pricing & offers.
- Refined messaging & branding to influence what to say when you show up in the world.
- Map out a simple marketing & sales system to consistently draw in prospects who become clients.
The planning session with Lisa gave me that little kick in the butt to finally get started with my business. I was overwhelmed by too many projects and ideas and didn’t know where to start, she helped me find what was the priorities I needed to focus on to expand my business.
We could of talked together for another 5 hours, I love all of the great strategy she gave me and can’t wait to check off all of the task I have to do for my business to start growing. I really recommend Lisa she is an amazing women to work with.
Marie-Andree Racine, The Little Explorers
As a licensed Quiet Power Strategy™ business strategist, I've completed an intensive apprenticeship under business strategist and thought leader Tara McMullin. I use Quiet Power Strategy™ coaching tools that have been used with thousands of entrepreneurs running businesses of every single type. I combine my knowledge of Lean Startup principles and effective business model development to design businesses for success.
If you are ready to cut through the fog and get a clear, effective strategy with experienced support you will love your personalized Quiet Power Strategy™.