Membership Geeks Podcast with Mike Morrison

232 - Should You Charge a Joining Fee for Your Membership?


Listen Later

Are you thinking about charging a joining fee for your membership?

A joining fee is an arbitrary fee that new members pay on top of their first monthly payment. If you ask me, I think that joining fees are unnecessary and there’s often no real justification for it. However, there are situations when a joining fee may be necessary.

If you’re considering having a joining fee for your membership, make sure you listen to this episode of the podcast or read the blog post, where I dive into the topic of joining fees and explain everything you need to know about them.

Essential Learning Points:

  • Why joining fees are usually nothing more than unjustified arbitrary fees
  • The hard truth that if someone is charging joining fees, they may not have their member’s best interests at heart
  • How to control your members access to your back catalog of content
  • Legitimate reasons when a joining fee may be appropriate

Key Quotes:

“They've realized that no one is staying in the membership for more than two or three months. Instead of addressing the real problem…they just charge a joining fee instead to make more money from you.”

“It's very rare that you get an incredible membership that is very ethically run where the content is amazing, the customer service is phenomenal and that also has a joining fee.”

Thank You For Listening

We really appreciate you choosing to listen to us and for supporting the podcast. If you enjoyed today's show, please share it using the social media buttons on this page.

We would also be eternally grateful if you would consider taking a minute or two to leave an honest review and rating for the show in Apple Podcasts. They're extremely helpful when it comes to reaching our audience and we read each and every one personally!

Finally, don't forget to subscribe to the podcast in Apple Podcasts to make sure that you never miss an episode.

...more
View all episodesView all episodes
Download on the App Store

Membership Geeks Podcast with Mike MorrisonBy Membership Geeks

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

152 ratings


More shows like Membership Geeks Podcast with Mike Morrison

View all
The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

The Smart Passive Income Online Business and Blogging Podcast

3,449 Listeners

The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,569 Listeners

Build Your Tribe | Grow Your Business with Social Media by Brock Johnson

Build Your Tribe | Grow Your Business with Social Media

2,613 Listeners

The Mind Your Business Podcast by James Wedmore

The Mind Your Business Podcast

1,642 Listeners

Why That Worked  – Presented by StoryBrand.ai by StoryBrand.ai

Why That Worked – Presented by StoryBrand.ai

1,924 Listeners

EmPowered Couples with The Freemans by Aaron & Jocelyn Freeman

EmPowered Couples with The Freemans

579 Listeners

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business by Jenna Kutcher

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business

12,053 Listeners

She Means Business Show by Carrie Green

She Means Business Show

301 Listeners

The Influencer Podcast by Julie Solomon

The Influencer Podcast

1,447 Listeners

The Russell Brunson Show by Russell Brunson | YAP Media

The Russell Brunson Show

986 Listeners

the bossbabe podcast by Natalie Ellis

the bossbabe podcast

1,954 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,573 Listeners

Creator Science by Jay Clouse

Creator Science

457 Listeners

Chill & Prosper with Denise Duffield-Thomas by Denise Duffield-Thomas

Chill & Prosper with Denise Duffield-Thomas

213 Listeners

Marketing Made Simple by Powered by StoryBrand

Marketing Made Simple

292 Listeners