Coaching Call: Turning free events into a profitable online business
May 5, 2024
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Hannah, passionate about women's events, learns to turn free events into a paid membership. Topics include building email lists, creating valuable freebies, talking to the audience, and sustaining a membership model. Strategies for transitioning to paid services and platforms for hosting membership groups are also discussed.
Building an email list is crucial for business success, focusing on engagement and retention.
Transitioning from free to paid memberships requires effective communication, understanding participant needs, and providing value.
Deep dives
Creating Sustainable In-Person and Online Events
The podcast delves into the challenge of creating sustainable in-person and online events for women, focusing on balancing energy and income. Despite struggles with transitioning to online paid events, the value lies in fostering connections, community, and providing a safe space for attendees to share and connect. The speaker discusses the dilemma of maintaining engagement post-transition to paid events, emphasizing the importance of understanding participant needs to ensure value delivery and continued attendance.
Transitioning to Paid Memberships
The episode explores the shift from free to paid memberships, highlighting initial challenges faced with diminishing attendance and the need to communicate value effectively. By analyzing attendee feedback and adjusting strategies, the podcast emphasizes the importance of positioning memberships around key benefits like connection, community, and additional components beyond women's circles. The speaker recommends creating a sales page, utilizing email lists, and offering trial memberships to attract and retain paying members effectively.
Choosing Membership Platforms and Engagement Strategies
Discussions center around selecting suitable platforms—Facebook, Discord, Telegram, or a website—for hosting memberships and engaging with participants effectively. The importance of incorporating interactive elements like friend pairing events, teaching sessions, and community chats to enhance membership value and foster connections is highlighted. Strategies to collect feedback through surveys, understand participant preferences, and ensure consistent communication to promote member retention are also emphasized.
Strategies for Audience Expansion and Value Communication
The podcast addresses tactics for expanding the audience beyond meetup platforms and leveraging collaborations, podcasts, and events to reach individuals willing to invest in memberships. Emphasis is placed on fostering email lists, engaging with existing communities that value personal development, and positioning offerings to align with audience needs and perceived value. Through persistent communication, targeted outreach, and strategic value proposition articulation, the episode advocates for attracting and retaining dedicated members.
Today I am coaching Hannah, who is passionate about bringing women together with in person and online events. The challenge Hannah faces today is how to get her clients to pay for something that is really valuable, when they've previously been getting it for free. In this episode, we talk about different ways she can turn her events into a paid membership that attracts the right people.
- Why building an email list is so important in business, rather than relying solely on social media or other platforms like Meetup. - How creating a valuable freebie to collect email addresses can not only boost your email list, but build it with the *right* people. - The importance of talking to your audience to understand their needs better. - 3 ways to create, grow and sustain a membership business model.