4.9 • 664 Ratings
🗓️ 29 January 2018
⏱️ 16 minutes
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Using this marketing strategy for the first time can be VERY scary. But it works like crazy because of the psychology behind it.
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0:00.0 | A friend of mine was scared out of her mind to try this one marketing strategy. |
0:05.8 | But I told her, trust the process. |
0:08.5 | And she did, and she has gotten amazing results with this one strategy. |
0:13.3 | I'll tell you what that strategy is in this episode. |
0:18.2 | Marketing your business is for you, the business owner, who has a product, a service, or a message that you believe in. |
0:24.4 | My name is Stu McLaren, and each week we'll take a behind the scenes look into the real world marketing tactics and strategies for getting what you have in front of a lot more people. |
0:33.9 | Thanks for spending some time with me today. |
0:35.7 | Now let's get started. |
0:40.3 | So picture this. You're running a successful membership site and you've got |
0:46.5 | hundreds of members joining the membership every single month. And then you hear about a crazy idea of closing the doors |
0:57.9 | and how by closing the actual membership, you'll end up getting more members long term. |
1:05.9 | Sounds counterintuitive, doesn't it? Well, that's exactly what we were experiencing many years ago |
1:12.7 | when I partnered with New York Times bestselling author Michael Hyatt. Now, we had a membership site, |
1:18.4 | and we had thousands of members in it, and we were open all the time, meaning you could join |
1:24.2 | on a Monday, a Tuesday, Friday didn't matter. |
1:34.2 | And not only were we open all the time, but we were there for running promotions all the time. |
1:41.3 | So in order to get new members into the membership, we would run a promotion literally every single month. |
1:46.0 | And this is kind of like a big strategy lesson, if you will, in terms of membership sites. If you do have an open marketing plan, well, one of the things that you have |
1:51.0 | to do is you have to give people a reason to want to sign up today. Because the problem with |
1:57.5 | an open marketing plan is that there's no sense of urgency. And so typically |
2:01.7 | what will happen is like people will come to the site and they'll be like, oh yeah, this sounds, |
2:04.9 | this looks great. This sounds great. And then they'll say to themselves, I'll save this for later. |
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