24 min listen
232 - Should You Charge a Joining Fee for Your Membership?
232 - Should You Charge a Joining Fee for Your Membership?
ratings:
Length:
16 minutes
Released:
Dec 17, 2019
Format:
Podcast episode
Description
Are you thinking about charging a joining fee for your membership?
A joining fee is an arbitrary fee that new members pay on top of their first monthly payment. If you ask me, I think that joining fees are unnecessary and there’s often no real justification for it. However, there are situations when a joining fee may be necessary.
If you’re considering having a joining fee for your membership, make sure you listen to this episode of the podcast or read the blog post, where I dive into the topic of joining fees and explain everything you need to know about them.
Essential Learning Points:
Why joining fees are usually nothing more than unjustified arbitrary fees
The hard truth that if someone is charging joining fees, they may not have their member’s best interests at heart
How to control your members access to your back catalog of content
Legitimate reasons when a joining fee may be appropriate
Key Quotes:
“They've realized that no one is staying in the membership for more than two or three months. Instead of addressing the real problem…they just charge a joining fee instead to make more money from you.”
“It's very rare that you get an incredible membership that is very ethically run where the content is amazing, the customer service is phenomenal and that also has a joining fee.”
Thank You For Listening We really appreciate you choosing to listen to us and for supporting the podcast. If you enjoyed today's show, please share it using the social media buttons on this page.
We would also be eternally grateful if you would consider taking a minute or two to leave an honest review and rating for the show in Apple Podcasts. They're extremely helpful when it comes to reaching our audience and we read each and every one personally!
Finally, don't forget to subscribe to the podcast in Apple Podcasts to make sure that you never miss an episode.
A joining fee is an arbitrary fee that new members pay on top of their first monthly payment. If you ask me, I think that joining fees are unnecessary and there’s often no real justification for it. However, there are situations when a joining fee may be necessary.
If you’re considering having a joining fee for your membership, make sure you listen to this episode of the podcast or read the blog post, where I dive into the topic of joining fees and explain everything you need to know about them.
Essential Learning Points:
Why joining fees are usually nothing more than unjustified arbitrary fees
The hard truth that if someone is charging joining fees, they may not have their member’s best interests at heart
How to control your members access to your back catalog of content
Legitimate reasons when a joining fee may be appropriate
Key Quotes:
“They've realized that no one is staying in the membership for more than two or three months. Instead of addressing the real problem…they just charge a joining fee instead to make more money from you.”
“It's very rare that you get an incredible membership that is very ethically run where the content is amazing, the customer service is phenomenal and that also has a joining fee.”
Thank You For Listening We really appreciate you choosing to listen to us and for supporting the podcast. If you enjoyed today's show, please share it using the social media buttons on this page.
We would also be eternally grateful if you would consider taking a minute or two to leave an honest review and rating for the show in Apple Podcasts. They're extremely helpful when it comes to reaching our audience and we read each and every one personally!
Finally, don't forget to subscribe to the podcast in Apple Podcasts to make sure that you never miss an episode.
Released:
Dec 17, 2019
Format:
Podcast episode
Titles in the series (100)
How to get your membership site up and running in record time by Membership Geeks Podcast with Mike Morrison