Tune in as we discuss passive income, recurring revenue, Wishlist Member and WordPress
Today’s Sponsor: Membership Cube
Our Sponsor: WP Drip
Today’s Sponsor: Membership Cube
Is it possible to kill your own business? We’ll answer the following questions and more:
1. How do you decide what to charge for or what to give away for free?
2. How do you deal with competitors?
3. Are you giving away your best secrets? Aren’t you creating competitors?
4. Are you making things “too competitive” and flooding the market?
5. Are you pricing too low and screwing over the marketplace?
Today’s Sponsor: WP Notepad
CONVENTIONAL LOGIC
– big box of crap: they’ll never be able to download or use it all
– drip content: barely give them anything so that they’ll never cancel
– give them something new per month so they’ll stick around for that “one” thing
ACTUAL SOLUTION
– give them a reason to keep logging in (i.e. videos play directly on the site instead of downloading)
– WP Notepad: note taking area, checklists
– software: occasionally add new features (i.e. Backup Creator and Google Drive), or Feedback Patrol in Dropship CEO
RULES TO LIVE BY
– sell what you sell: avoid upsell, sell one solution to a problem (this makes it easier to explain anyway)
– you can’t fight the refund or chargeback period: offer a money back guarantee, and position this as: if it doesn’t do X, get your money back
– make it so they won’t quit: surprise bonus, coaching call, deliver what they asked for
LATER
Membership Site Tracking
How to Manage All Your WordPress Membership Sites
How to Setup a Membership Site in One Hour or Less
VO Success Formula: directory of other members to network
– collect and list entire address, email, website, phone number (for a list of businesses)
– or just website URL (for example, a list of small business owners or voiceover artists)
– browse by country and state OR by zip code (with mobile locator)
Dr. Charles: Vampire Facelift
– promote brands like Vampire Facelift, O-Shot, etc. People in a specific town find a “provider” near them
– providers pay $97/month for the training and to be listed in the directory
– retention: if they cancel, they’re out of the directory ($2500+ per patient)
Potential Uses
– certified software or plugin installers: add specific buyers who show they can install your plugin to a list of official installers
– service or gig swaps: members can buy or use other services (other examples: authors who review each others’ books, speakers who send their overflow gigs to others)
– certified people you’ve trained: for example, a video creation or article course where the “graduates” can advertise their services in your directory
Today’s Sponsors: WP Kunaki and Member Genius
– collect addresses with the built-in popup (it keeps asking and you’re notified once they verify)
– quick phone call to say thanks, quick postcard or SendOutCard after they buy
– Lulu manual or Kunaki DVD
Sponsor: Membership Cube
Break down big goals into manageable chunks.
Disrupt the marketplace. Do something helpful that gets you to stand out.
Speed to implementation: get it done this month, not in 6 months.
Strategy
Implementation
Closing Thoughts
The Offer
– all your products, weekly 1-hour meeting (same day of the week, same time every week)
– show up on time: if they miss that meeting with no advance notice, there’s no rescheduling
– recurring GoToWebinar and recurring Google Calendar
How to Fill It Up
– offline seminar, speaking gig, application process: find out if they’re already making money and have a list
– have the button in place and a web page listing exactly what they’ll get (a list of all your products plus the weekly meeting)
– free 20-minute coaching call bonus with your products, to see if they’re a good fit (i.e. some people only needed four sessions or 1 month with us)
Weekly Meeting
– every Tuesday at 2PM Eastern, for example: send a reminder email that morning that you’re meeting
– they provide a list of things that got them “stuck” that week
– I used to record the session and make them commit to four tasks at the end of each meeting, but they don’t need it anymore
Your feedback is valuable to us. Should you encounter any bugs, glitches, lack of functionality or other problems, please email us on [email protected] or join Moon.FM Telegram Group where you can talk directly to the dev team who are happy to answer any queries.