Learn how to build anticipation for product launches, monetize a free community, and launch a successful paid membership from guests who specialize in scuba diving travel experiences in Latin America. Dive into practical tips on community growth, email list monetization, and the transition from custom trips to group trips with specific purposes.
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Quick takeaways
Launch a paid membership community with a clear goal and benefit for members' success, not just shared interests.
Before launching a paid community, ensure genuine member interest, engagement, and research to gauge potential success.
Deep dives
Clear Goals and Purpose for Paid Membership Community
Launching a paid membership community requires a clear goal that members want to achieve and a way for the membership to facilitate this achievement. The reason for the membership should not just revolve around shared interests but rather around a specific outcome or benefit that members are seeking. It is essential to ensure that the community serves a purpose in helping members reach their desired goals.
Validate Interest and Engagement
Before launching a paid membership community, it is crucial to determine if potential members genuinely desire such a platform. Engaged and excited members are key for the success of a community, especially a paid one. Conducting research and gauging interest from ideal members can provide valuable insights into the potential success and engagement level of the community.
Reasons for Paid Membership
There should be a clear and valid reason for the membership to be paid instead of free. The decision to charge for membership should not solely be driven by the desire to generate revenue. It should be based on providing enhanced value, exclusivity, or additional benefits that warrant a paid model. The value proposition of the paid membership should be distinct and compelling.
Test Micro Version Before Full Launch
Prior to opening the paid membership community to a large audience, consider testing a micro version with select ideal members. This approach allows for proof of concept, feedback on community norms, and initial engagement insights. Testing the waters with a smaller group can help refine the community's structure and dynamics before a full-scale launch.
Today, my guests on the I Want To Know podcast are Melanie Marsell and Kathleen Hall. They run Dive the Americas, a boutique ocean travel company that specializes in scuba diving travel experiences in Latin America. Their mission is simple: to inspire a love for the ocean and contribute to its protection through dive-focused travel. They have more than two decades of combined experience in travel planning and live locally in Mexico and Costa Rica.
Do you know how to build anticipation for your upcoming product launch or how to turn a free community into a moneymaker? And how do you decide when the right time is to launch a paid membership? Well, you're about to find out.
Here are some of the most valuable moments in our conversation:
00:00 - Introduction
14:31 - 5 Ways To Build Anticipation For Your Product
25:59 - How To Monetize A Free Community
36:49 - Don't Launch A Paid Community! (Until You Check These 4 Boxes)