#1817 - Q&A: How much money can you make per subscriber?
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 22 December 2021
⏱️ 6 minutes
🧾️ Download transcript
Summary
When you’re building an email list and maintaining long-term relationships with subscribers, you want to know how much money those subscribers are producing. The metric known as customer lifetime value (CLV) can tell you!
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
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Transcript
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| 0:00.0 | Many of us are already planning our New Year's resolutions to work out more in 2023. |
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| 0:35.0 | As you go from idea to actual business, where you've got customers, |
| 0:39.2 | your selling products, or services, you're building an email list and maintaining long-term |
| 0:43.0 | relationships with those subscribers, you want to know how much money those subscribers are |
| 0:47.5 | producing. That's what we're talking about today. Ideally, you want a high customer lifetime |
| 0:52.4 | value, also known as CLV, conveniently an acronym, because you can then spend money to attract |
| 0:58.4 | more subscribers. It's kind of like achieving a positive ROI, sorry, another acronym, return on |
| 1:03.3 | investment. It's kind of like achieving a positive return on investment, on ad spending from |
| 1:08.0 | Facebook or Google. Once you get the formula right, where you are earning more than you spend, |
| 1:12.4 | even if it's a relatively small amount, you can ramp up and spend more and more. |
| 1:16.8 | That is, of course, the goal. That's the golden place. Achieving this winning formula is easier |
| 1:22.0 | said than done, but with customer value, customer lifetime value, it's not about spending, |
| 1:27.2 | it's about earning. How much is each subscriber worth? If you have even a single customer, |
| 1:32.8 | you can focus on this metric. That's what our listener is wondering about today. How much money |
| 1:36.8 | can you make per subscriber? Their detailed question and my answer in this episode. |
... |
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