MWH 229 : 5 Membership Questions Answered

Lately, you may have noticed a radical increase in the amount of membership and subscription-based businesses that are out there. I’ve been hearing from a lot of you that they seem to be popping up everywhere and for some very good reasons!

Membership and Subscription businesses are...

Convenient to customers or clients because they get that ongoing need or desire for problem-solving. The customers get the support they need month after month.

Cost-Effective for the consumer (aka the customer of client). And they usually have some kind of community element to them. Let’s face it, at a time like now when we can’t really be physical in communities, online communities are becoming more and more important.

Able to Create Stability for you, the business owner. Stability in terms of recurring revenue and being able to predict what you’re going to be making in your business, month after month.

That is a huge game-changer! Don’t you think?As someone who has a membership, I’m able to predict different outgoing costs in terms of my business. I’m also able to look up when is the best time to increase hours for the people and contractors that I have on my team.Before COVID-19 happened, there were people with brick-and-mortar businesses that had a membership element to them. They were able to predict how many staff members they needed to have on the floor at any given time. It’s because of the recurring revenue and stability of the membership that they were able to predict this.What I’ve mentioned above are only some of the benefits from having a membership or subscription, and there are loads more!Today, on the Mums With Hustle Podcast, I’m going to be answering your most pressing membership and subscription questions.Recently, I put a post in my private Facebook group asking women in business to submit their questions about memberships and adding a recurring revenue stream to their business.From that post, I’ve selected a few of those questions to answer right here on the podcast.If you did submit a question, thank you so much! I’ve actually pooled all of those together, and I’m gonna be answering more of those questions in the next week or so.Before we dive into the podcast, I want to invite you to check out Stu McLaren’s FREE Workshop Series. It only happens once a year, and it’s happening right now.

Stu McLaren’s FREE Workshop Series

If you’ve already signed-up for Stu’s FREE workshop series that is all about memberships and subscriptions, that’s great!If you haven’t, the workshop is called, “Turn What You Already Know, Love And Do Into A Profitable Membership Business.”You will also gain access to part two of Stu’s three-part workshop on April 27, 2020.If you can’t catch the workshop live because of time zone differences (they can be tricky!), don’t worry! You will be able to catch the replays once they are available. Plus, I’m going to make the replays easily accessible to those of you in my exclusive pop-up group in a really easy way. So, stick with me!Haven’t registered, but want to get in? It’s not too late. You can still access Workshop One. All you have to do is go to mumswithhustle.com/tribe and you will be able to join thousands of people from all around the world and hundreds of women from the Mums With Hustle community.Plus, if you want me to answer more membership questions and want to catch the replays of Stu’s live workshop, this second step is really important. After you’ve registered at Stu’s FREE membership training, go to Facebook and join my free pop-up group, “TRIBE Workshop Pop-Up Group With Tracy & Karl Harris.“I’ve created this Facebook Group because I truly want to hold space for all of you ladies in the Mums With Hustle com...