Tag Archives | membership

Launching My New Membership

If you haven’t already make sure you read the earlier parts in this series, why having continuity is  a great idea plus my earlier memberships and the foundation of the program I’m going to show you how I launched here.

Optimize Press 2.0

I’m a huge fan of Optimize Press. This paid wordpress theme is the best thing to easily create squeeze pages, sales letters, launch pages and membership sites. It can also be used for blogs although that is not its main strength. Basically it turns a wordpress blog into sales funnels. I’d been using the original version for years and they had just released version 2.0 which I bought.

optimizepress

For my new website I decided this would be the first time to use it. There was a little bit of a learning curve as it is quite different in some ways over the old version. The main thing I worked with was their PageBuilder which is even more user friendly than normally setting up a blog page.

I got feedback from several people as I crafted the sales letter. They all said the design was great which was good to hear as I spent more time than usual trying to make this more graphically appealing. It was also mobile responsive meaning people could view it easily on mobile devices as well.Click here to see the sales page.

Confusion with Buying Options?

Because I wanted to get money upfront I wanted to offer a yearly option on top of the monthly one. Typically with a year people will pay 10 times the monthly cost and thus get two months for free. This means you just multiply your monthly price by 10 and you have the yearly price. I knew my best customers would jump at this option because they already loved my stuff and they’d love to get it at a discount.

Since I was offering both digital and physical options this would become a total of four options. I was told this might be confusing. So instead of offering the yearly option up front I turned it into a one click upsell after they had signed up. The confused mind says no so you don’t want to confuse your prospects.

(On a side note, just cause I didn’t want to setup many different funnels in a more recent launch for the Kettlebell Workshop Videos, we actually had 6 options! I think these were setup in a way as to be as least confusing as possible. But since we didn’t test its hard to say. What I can tell you is that a majority of people took the package deal options most in digital but a lot in physical as well. In comparison very few people got just one video.)

Taking a cue from Predictably Irrational I now setup three options, digital, physical and digital + physical together. This price structure can be used to skew people towards one option over another (even though physical and digital + physical are actually the same option).

But these had different upsell funnels so the digital people would be offered a digital year and the physical would get a physical year.

To help bump response I also offered an additional book for free to those who paid for a year upfront. Bonuses always help you sell more.

As a test I put in a downsell of 6 months for the cost of five for those that didn’t take the year. A few people took this option which meant I made more money upfront than if I hadn’t.

All options, monthly, 6 month and yearly are recurring, meaning that people will automatically be rebilled. This is continuity income.

My Goal was 100 Members

I decided not to do a standard product launch funnel for this launch which would have involved several videos leading up to the launch. Instead I crafted an email sequence to do the same.

In the end I didn’t even use this. I only used a few pre-launch emails and then lots of them during the launch continuing to make the offer. I’ll discuss using more of what I wrote in the next section.

The offer was for a charter membership that was cheaper than I’d ever offer this course again. And I am going to stand by that 100%. After the launch everything went up by $5 in price. In the future I’ll raise it even more. But everyone that joined and stays a member will be grandfathered in at this price and not have to pay more in the future.

The scarcity involved was that only 100 people could get in at this price. That was my goal and what I wanted to hit for this launch that occurred just to my own list. I made it double scarcity by having a deadline as well. Whichever came first would cause the price raise.

In the end I got 70 something people so I was fairly close.

Continuing Sales

My idea for this wasn’t just to get people in at the beginning, but instead to make this my primary offer that I’m driving people too. Right now I’ve got three methods of doing this.

The reason I didn’t use the email sequence mentioned earlier, is because I’m going to make this the first thing people see when they sign up on my autoresponder. Thus this will become an evergreen offer and the first offer people will get who join my email list.

There’s a peculiar thing with Aweber, the email service I use. When you modify an autoresponder and the follow-up messages in it, it sends it out to all the people on your list. Thus I decided to wait to put this in since it used some of the emails I had sent out recently and I’ll be setting that up shortly.

And now everyone that signs up on Legendary Strength for my free emails will get this offer. By doing this I’ll be getting new members regularly.

Secondly, I’ve setup the Inner Circle as an upsell for everyone of my products. Thus when someone buys any of my courses from my website they’ll get an offer to join there.

And the final method is to do a mini-launch around each new issue. I’ll be blasting out to my email list why they absolutely should grab the newest issue and details about what is in it. Since my second issue just came out I did this and got a few new members.

Coupled with the fact that I’ve seen very little drop off (people canceling) this will continue to grow bigger and bigger.

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My Newest Continuity Course

In this article I’m going to talk about my newest continuity course. For details on what came before see last weeks article.

I wanted to create a new continuity income source for myself. I looked at the income coming in from my websites and product sales and figured this would be one of the best things to do to increase my income, as well as make it more stable.

Looking back I analyzed what had worked and what didn’t.

#1 – Continuity to Create Products

Previously I used continuity to create new products that I continued to sell one-off after that time. One of my strengths is in being prolific. It is this that has helped me become as successful as I am. While other people build one or a few things and then keep working at traffic and conversions that’s not my strongest suit.

#2 – Physical and Digital Versions

Both a physical and digital offering. I wanted to have some physical form because I knew about half of my customers would as well. Figuring out how to do this became part of the challenge. I knew it would be a little tougher to set this all up but it would allow me to please more people. Those in other countries wouldn’t have to pay big shipping charges, but those that didn’t mind could easily get their hands one something physical. As mentioned before seeing something arrive in the mail is better for keeping members long term.

#3 – Wide Net on What to Cover

Every previous continuity I did was too focused on one topic. I wanted to create something that I could do for all of the foreseeable future. Thus it needed to be broad. What I wanted was something where I could cover any training information, any health topic, and mental training. Thus the purpose was to get better but there would be many paths to get there. This would be the most fun for me as I wouldn’t be pigeon-holed and it would allow me to experiment more openly.

#4 – Primary Focus

Besides running out of what to cover I didn’t have any runaway successes in my memberships. Nothing got enough members to the point where I could focus almost solely on that. Thus for this I wanted to reverse it, and create something that would be the primary thing I would sell and try to get people into. As you’ll see in the survey I sent out I was even looking at pulling out all the stops to make this the one and only thing I did.

The Survey that Started It All

The vision of what I wanted to create was starting to take form. This was back in July this year, mostly during the NLP Master Practitioner Course I was attending. The idea may started there after doing a powerful drill.

I knew I wanted to create something that covered all the different things I did in training, health and the mental side. I also new I wanted to create a big continuity that was actually worth doing.

I though about taking ALL of my courses and giving access to them all for my members. As excited as I was about the idea I knew that I am not necessarily my customer. I sent out a survey (using Survey Monkey) to my list with several questions all about this.

To do this I wanted a fair price for it. This would literally be $1000’s worth of my old stuff, with new course coming out regularly too. In looking at what people said they’d be willing to pay it didn’t look like it would work out. The numbers just didn’t fit.

So I went back to the drawing board…

Logistics the Program

I scrapped that idea about giving them everything but still knew that I was onto something. I came up with the idea of writing a newsletter each month, that would really be closer to a book each month. This was something I could easily sell in both physical and digital form.

Along with this would be videos (and probably audios at some point as well). Creating DVD’s would be a little trickier and then jack up the cost of the program to deliver for those who wanted the physical option. In the end I decided only the book would be physical and in either case people would download the videos.

Part of this stems from my personal preferences. I watch videos on my computer regardless of whether it’s a DVD or a download. But I like to read a book physically.

So with this program there would be no membership site. If you bought the digital program you received an email with your download. If you got the physical, the book would show up at your door. Within the book is a page linking to a password protected webpage where you can grab your downloads.

To me this handled want I wanted to offer and made it low hassle for me. I have the newsletter (actually a book) printed up through Createspace. This is on demand and I have them ship it directly to customers.

No membership site, no complicated order fulfillment, but I still get to offer a physical and digital version.

Members would get most of my new courses all through this. But the old stuff would still be for sale as is. And I would then re-package the new courses and sell them standalone as well.

So I get to create lots of new stuff and I would be paid upfront for it by my members. They’d end up paying less than I’d release the programs for to the general public (plus get stuff I didn’t release to the general public) so it was win-win.

Content of the Program

I decided on the name Strength Health Mind Power Inner Circle. I put this and a couple of other ideas into the survey and this one came out as the winner. In addition to sounding pretty cool, in a few words it tells what this membership is about.

SHMPIC_F

Some people didn’t like the term inner circle as in some ways it has been over-played by marketers. But to me this is really what it was. Inside you get to see what I’m experimenting with. It is being on the inside, because I don‘t share everything (especially the more “out there“ stuff I do) to everyone. You kind of need training to understand some of the stuff I do. And as a member you get it.

To start it off with I knew I needed to give people a foundation. This foundation would set them up to understand all the more advanced stuff I covered in the following months, and serve to indoctrinate them towards how and why I do the things I do.

Thus I decided to put together “My System” which would serve as this foundation. I would lay out all the guiding principles here. This will later serve as the bonus that everyone gets when they sign up. Thus it was a new product that would serve as the quick start for people coming on board.

In the end its about a 50 page book along with almost 3 hours of video. Lots of value for a low price.

In Part 3 of this series I’m going to share with you all about the launch.

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21 Different Types of Online Businesses

How many different business models can be done online? Any one or more of the following can be grown into a large business.

When you are planning on creating a business, it is helpful to look at your model for monetizing it. After all the game of business is to bring in money. That is how the online business models listed here are broken up, in methods and ways of bringing in money.

Another useful thing to do would be to look at models for gaining traffic, but that will have to be covered another time. Without traffic you can’t monetize, but also there are lots of places that get tons of traffic without pulling in money. Both are important.

If you’re not looking at starting a business this list can still be helpful to you. How? You might find something that could be added to your current business that could increase revenues.

1 – Info-products

This is my personal favorite and where I make the most of my money online. What you do is package any form of how-to information and then sell that package. This can be in many forms the two main branches are below.

2 – Digital goods

Digital goods are all online. The great part about this is that there is no hassles with shipping or returned goods. Also many people want instant gratification which immediate downloads give them.

3 – Hard copy goods

Info-products can also be sold as hard goods. While everyone seems to be moving away from this, there are still many people that prefer hard goods over digital, especially when it comes to books (although the kindle and related readers are now swaying that another direction too). One advantage here is that they can often be sold for more then digital goods.

4 – Selling on Amazon

Amazon has basically become the largest retailer of just about everything online. If you’re doing info-products you’d be wise to have them here at least in some form. I have a whole Amazon publishing course for books in hard copy and on the Kindle available here.

5 – Selling on eBay

eBay is another huge sales channel. There have been many six figure businesses built through eBay alone. It is a place where buyers are looking to buy.

6 – Buying and Reselling Wholesale Goods

Select your niche then find a company to buy wholesale goods from. Create a website or use some of the big sales channels online to sell these products. Your profit will be the sales price minus what you paid for the item and any expenses you had.

7 – Dropshipping products

Dropshipping involves you selling someone else’s goods. But instead of having to stock and ship things yourself, you’ll simply send them the order information and they take care of it. Since selling is the most important aspect of a business, a lot of money can be made here. Although the profits are less then buying wholesale most of the time, not having to deal with shipping and stocking is often worth it.

8 – Affiliate Sales

Wholesale is really hands on. Dropshipping is less so. Affiliate sales are even easier then that. You don’t need to process orders yourself, just direct the traffic. They’ll take orders, do customer service, deliver the products and everything. You gain a commission just for sending the customer over.

9 – CPA

Affiliate sales are one type of CPA offer, which stands for cost-per-action. That is you get a commission when someone buys. But that’s not the only way you can earn. Often times with bigger companies, especially when you join a CPA network, you can find offers where you’ll be paid for newsletter signups, or even something as simple as a zip code and a click of a button.

10 – Evergreen Sales

The common way to sell is to have your products always available. The advantage of this is that you will continually make money as new sales come in regularly.

11 – Product Launch Method

The Product Launch Formula as created by Jeff Walker has certainly changed the landscape of internet sales, especially info-products. Instead of just releasing a product, you turn the whole launch into an event. And often times the product is only available for a limited time. The scarcity plays in your favor for the time, and can result in huge paydays in a short amount of time.

12 – Membership

What is better than selling a product? Selling it once and getting paid over and over and over again for it. Although not as easy to setup and run and some people make them sound, any version of a membership where you get paid over and over for the life of the customer until they cancel is very attractive. This is often done with info-products but many hard goods as well.

13 – Coaching/Consulting

High end coaching is often added on top of many of the other business models. If people like your information then what is better then getting help from you one on one (or if you’re super popular from your trained coaches). A related area is creating Mastermind groups where you coach a group of people and they also get the benefits of help from the whole network. Similar to coaching, in certain fields a business may bring you in as a consultant. I have my own coaching offer here on the website and it’s by far the best value thing I offer.

14 – Advertising

There are websites that don’t sell a thing, but make their money off of advertising. Even popular youtube videos can make money this way. You bring traffic to a place, especially traffic that keeps returning, and you either work on getting them to click your ads, or just hope that they do. A common form of this you’ll see on websites is Google’s Adsense. With different forms of advertising you can make money from the clicks or just impressions.

15 – Service Business

If you offer any type of service then you can get all your traffic and leads from online sources. It’s like selling a product except that then the work comes after you’ve done so.

16 – Software

Software is different then info-products or hard goods. Usually it is something that will help someone to do something or at least entertain them. There are all sorts of models for this, the most popular being a limited trail or freeware version, that then tries to sell them on buying the whole thing. It can also include the services that people will need to run their own online business like hosting or a shopping cart.

17 – Apps

If software and games are old-school, then apps for the iPhone, iPad, Android and related tablets and smart phones are new. Lots can be made if your app becomes popular. You can also work on selling apps to other people and businesses.

18 – Building to Sell

I wouldn’t recommend going this route. It will be a long time before you see money, if it ever happens. Sure you can hope to be bought out for millions of dollars. The social networks that do that tend to be big and cost a lot of investor money from the beginning. While building something to sell it later on is good, I would find some method of monetizing it, and making it profitable in the meantime. After all, at the very least that would make it more attractive to would-be buyers.

19 – Capturing Leads to Sell

If you’re great at generating traffic and converting them into leads those leads by themselves can be sold. This is usually done with businesses that can make a lot of money off of each lead, like real estate or insurance for example.

20 – Flipping Websites

Create a website using any of the before establish business models then sell it on a website like Flippa. Or buy a site that is already started, make some tweaks to it to make it even better, and then re-sell it at a higher price. Websites and online business are like real estate. And if you’re an expert or even halfway decent online a lot of money can be made this way.

21 – Online Leads to Offline Sales

Just because we’ve focused online here doesn’t mean you have to. In fact, only selling online may just be leaving money on the table. It will depend on your business, but driving traffic from online into a brick and mortar store may be exactly what you’re looking to do.

While this is a large list, it is by no means complete. Feel free to add ideas in the comments below.

In my next article I’m going to go deeper on two different structures your business can follow, that would apply to almost everything we‘ve covered here.

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Learn How to Make Money on the Internet

how to make money onlineWant to learn how to make money on the internet? There are tons of ways to make money online and below you’ll find many.

Sell a Book
You can write the book yourself, find an old one in the public domain, hire a ghost writer or a number of other ways to create the book. Then you can sell it on your own online or through a number of services like Lulu or Amazon. (I’ll have an article up soon on how to sell your book on Amazon. It’s easier than you think.)

Sell a CD
Record yourself talking or interview another person. Record a Teleseminar. Or take …click to continue reading.

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