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The Amy Porterfield Show

#453: Why Memberships Are The Future Of Online Businesses With Stu McLaren

The Amy Porterfield Show

Amy Porterfield

Entrepreneurship, Business, Marketing

4.95K Ratings

🗓️ 21 April 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

If you’re looking to scale your business, memberships may be right for you If you have a business that you’re looking to scale, are looking for a way to further support your students, or if you’ve ever thought about adding a membership, this episode is for you.  Stu McLaren joins me for a chat about all-things memberships -- how to determine if it’s the right model for your business, why they’re exploding in popularity, and how they've changed over the past couple of years. And believe me – there is, quite literally, no better person to advise you when it comes to this sort of thing. For the past 12 years, Stu has worked intimately with tens of thousands of authors, speakers, coaches, consultants and business owners to transform what they know and love into recurring revenue through membership sites. Tune in to learn:  How to determine what kind of membership is best for your business The recent changes memberships have faced and what that means for you Why memberships are more important now than ever before What types of businesses work best with the membership model Happy listening! Here’s a glance at this episode... [05:26] Stu created a membership in 2008, because he wanted to grow his business it allowed him to scale his business without demanding a ton of time or energy.  [09:08] There are four different types of memberships including product-based, service-based, knowledge-based, and community-based memberships.  [25:57] Creating a positive experience in the first 30 days can triple the lifetime membership time. Take a close look at your onboarding methods. [30:29] It's important to understand the lifeline of a membership and change marketing strategies as it grows.  [32:35] Teaching people your passion is a great use of a membership site. Don't overlook the gifts you have. You could create a business around your skill sets.  [35:48] If starting out, look at a knowledge-based membership. You can design your business however you want. [39:42] Stu is hosting a Live Workshop that will assess if your market is a good fit for a membership site and more! It's live and free. Rate, Review, & Follow on Apple Podcasts "I love Amy and Online Marketing Made Easy." <-- If that sounds like you, please consider rating and reviewing my show! This helps me support more people -- just like you -- move toward the online life and business that they desire. Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode! Also, if you haven’t done so already, follow the podcast. I’m adding a bunch of bonus episodes to the feed and, if you’re not following, there’s a good chance you’ll miss out. Follow now!

Transcript

Click on a timestamp to play from that location

0:00.0

There are so many examples with this Amy and markets like photography, calligraphy, fitness,

0:05.3

and finance, and music, and art and dog training heck.

0:07.8

There's Holly George who's got a membership with hundreds and hundreds of members teaching

0:11.5

how to make balloon animals for crying out loud.

0:13.8

Like bottom line is that when you know something, the amazing part about the internet is that

0:20.0

we have the ability to reach thousands and thousands of people who also want to learn

0:24.4

how to do the same things.

0:26.3

And so it's just a matter of taking what you know, breaking it down and beginning to teach

0:31.1

it inside of a membership.

0:36.2

I'm Amy Porterfield, ex-corporate girl turned CEO of a multi-seven figure business.

0:41.6

But it wasn't all that long ago that I lacked the confidence, the budget, and the time

0:47.4

to focus on growing my small but mighty business.

0:51.5

Fast forward past many failed attempts and lessons learned and you'll see the business

0:56.4

I have today.

0:57.8

One that changes lives and gives me more freedom than I ever thought possible.

1:03.4

One that used to only exist has a daydream.

1:07.2

I created the online marketing-made easy podcast to give you simple, actionable step-by-step

1:12.4

strategies to help you do the same.

1:15.1

If you're an ambitious entrepreneur or one in the making who's looking to create a business

1:20.4

that makes an impact and a life you love, you're in the right place friend.

1:25.2

Let's get started.

1:30.8

If you're looking for a new podcast recommendation, listen up.

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