In today’s episode of the Flipped Lifestyle Podcast we are talking about pricing your memberships and subscriptions!
There is a huge difference between pricing memberships and subscriptions – compared to digital courses, coaching, and any other digital products or services.
People are paying this every single month! You have to get your value proposition down-pat and say, “this is why this is it your payment each and every month!”
#1. Do NOT undervalue your offer!
How much time, freedom, and/or peace of mind are you bringing to the table? Giving someone their life and time freedom back is invaluable – don’t forget that when you are pricing your memberships or subscriptions!
#2. You’re selling your lifetime knowledge – remember that!
People are not simply paying you for your service or digital product. They are paying you for your life-long knowledge. They’re not paying for a 30-minute video or a PDF.
People are paying you for your wisdom and a cess to your expertise!
#3. Stop letting your biases keep people from buying your products!
Do NOT base your initial pricing on your fears for what someone would be willing to pay.
People will pay anything to solve their problems. They will pay way more than you think they will. Push your limits and see how far you can stretch before people start pushing back!
#4. How to offer promotional prices!
Promotional prices are discounts that are given in your monthly memberships.
If you lower prices the wrong way this can be dangerous! Have you ever seen a promotional discount to something you pay for that is less than what you pay? Make sure you don’t penalize the people that are loyal to you!
You can try:
- Annual discounts
- Quarterly discounts
#5. Use all tools available to you!
In order to sell your membership or subscription you need to use all tools available to you!
Be prolific in posting your content. Sell your stuff every single day. Market all the time!
- Promote your content daily.
- Pitch weekly.
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We would love to have you as a member of The Flip Your Life Community! We believe you have God-give talents and experiences you can use to start an online business! All you need is 100 people to pay you $50/m online to make $5,000/m, $60,000/y! Let us help you start build and grow a membership of your own. We offer a 30-day FREE trial to all new members. Click here to learn more: https://flippedlifestyle.com/flipyourlife