416: Minimum Viable Memberships: Build a Recurring Revenue Online Business

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 29 October 2020

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Want to get started with an online business but don’t feel like you’re an expert in anything?

Maybe you’ve started a business but you’re struggling to monetize it?

A few short years ago, Shane Sams and his wife Jocelyn were school teachers.

In their off-hours, they built several successful online businesses, including ElementaryLibrarian.com, which sold for over $1 million in 2017.

Today they run FlippedLifestyle.com along with the Flipped Lifestyle podcast, to help others try and replicate the success they’ve had online, and specifically take advantage of the membership model.

Tune in to hear:

how to set up your membership site the right way
why you might be closer than you think to getting your first paying members
the payment tiers that work for Shane and his students
how Shane and Jocelyn continue to grow their community year-over-year

Full Show Notes: Minimum Viable Memberships: Build a Recurring Revenue Online Business

Transcript

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0:00.0	What's up? What's up Nick Loper here? Welcome to the Side Hustle Show because you can flip your script. You can flip your lifestyle. But the thing is, nobody else is going to do it for you.
0:11.3	Today I am joined by Mr. flipped lifestyle.com,
0:15.1	Shane Sam's.
0:16.3	Shane, welcome to the show.
0:18.0	Nick, it is so good to be here and it is about freaking time
0:21.7	that we are in the same place at the same time.
0:24.1	I feel like I know you and we have all the same friends,
0:26.9	but we just ships in the night, baby.
0:28.7	Just ships in the night, man.
0:29.8	Ships in the night.
0:31.1	Very much is the case, obviously, I've heard bits and pieces of Shane and his wife Jocelyn's story over the years.
0:38.0	We've got dozens of mutual friends, but fun fact, this is actually our first conversation.
0:42.0	So if you don't know the background a few
0:44.8	short years ago Shane and Jocelyn were both school teachers but in their spare time in their
0:50.0	off hours they built an incredibly successful online business, actually several online businesses,
0:55.4	including elementary librarian.com that sold for over a million dollars in 2017.
1:01.8	Today they run flipped lifestyle.com along with the flipped
1:05.4	lifestyle podcast to help others try and replicate the success they've had online
1:10.2	and today specifically to take advantage of the membership model.
1:15.0	That's what we're going to dive into with Shane today, the minimum viable membership model.
1:20.0	I think we can all get on board with the benefits, especially the predictable monthly revenue piece of it,
1:26.5	but stick around in this one to learn how to get your membership set up the right way
	...

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