
639: Are Membership Offers A Smart Strategy?
Embodied CEO
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Navigating the Challenges of Offering Memberships
The chapter explores the complexities of incorporating memberships into a business strategy, highlighting customer objections, the necessity of structured experiences, and setting clear goals and outcomes. It discusses the considerations of memberships, such as recurring charges burdening customers and the importance of profitability calculations. Emphasizing the misconception of memberships as an easy source of passive income, the chapter proposes a strategy focusing on upfront payments for targeted programs to secure revenue and retention.
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