Have you considered starting a membership site or mastermind group?
Memberships and Masterminds are a long-term commitment, but they may be the easiest path to success.
These programs are popular for many reasons.
- You help your audience at a deeper level.
- It’s a way to understand your customer’s struggles.
- The pressure of finding new monthly customers is lifted.
- It brings recurring revenue.
- You move from one-on-one coaching to group mentorship.
Benefits of a Membership Site
When you launch a membership site, numbers matter.
Typically, a membership site is under $50.
Now, that doesn’t sound like a lot of money.
Nevertheless, when you grow your site beyond 100 members, it’s a game-changer.
If you have 100 members who paid you $50 a month, you’ll earn $5,000 per month.
As a result, you earn $60,000 a year.
Not a bad chunk of change.
Benefits of a Mastermind Group
A mastermind group is perfect for existing customers. Customers who are ready to scale their business.
But mastermind groups have a higher price point.
It’s not for tire-kicking spectators.
These programs are for the seriously committed entrepreneur.
It’s for action takers who understand the value of community, networking, and commitment.
Membership Site or Mastermind Group?
In this video, discover what makes these programs unique.
- The main objectives
- Differences and similarities
- What’s included in each one
- Membership capacity
- How to structure the programs
- Content frequency and other deliverables
- Pricing your program
Side-by-Side Summary of a Membership Site and Mastermind Group
One of the best ways to make an informed decision between two choices is to see their value side-by-side. Then, see which works best for you.
Membership
How to Develop a Skill
Access to Information
Educational Content
Limited Interaction
Chat Interaction
Roadmap
May Include Core Content
Questions Related to the Skill
Month-to-Month
Work on Your Own
Prerecorded or Webinar Format
You Track Your Progress
No Tech Training
More Members (100+)
Facebook Group
Onboarding Group Call
Lower Price Point
Served Community
Mastermind
How to Scale Your Business
Coaching & Group Support
Exchange of Knowledge
High–Touch Interaction
Face-to-Face Interactions
Agenda
Various Topics
Brainstorming Sessions
Annual
Spotlights for Problem Solving
LIVE Face-to-Face Interaction
Goal Setting & Accountability
Tech Discussions
Fewer Members (up to 30)
Community Forum
One-on-One Onboarding Call
Higher Price Point
Access to Non-Published Content
Need a quick download? Help yourself.
Downloads
Choose Your Best Option
Online education provides convenience and value.
That means people are willing to invest in themselves to sharpen their skills.
Understanding these two programs will help you make the right choice.
A related topic that may interest you: Avoid 7 Mistakes as You Build Your Online Business.
Stay Resilient!
Marisa Shadrick
Online Marketing Coach and Certified Copywriter
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