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.
How to Develop a Skill
Access to Information
May Include Core Content
Questions Related to the Skill
Work on Your Own
Prerecorded or Webinar Format
You Track Your Progress
No Tech Training
More Members (100+)
Onboarding Group Call
Lower Price Point
How to Scale Your Business
Coaching & Group Support
Exchange of Knowledge
Spotlights for Problem Solving
LIVE Face-to-Face Interaction
Goal Setting & Accountability
Fewer Members (up to 30)
One-on-One Onboarding Call
Higher Price Point
Access to Non-Published Content
Need a quick download? Help yourself.
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.
Online Marketing Coach and Certified Copywriter
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