43 min listen
155: Building Another Recurring Revenue Stream with Stu McLaren
FromLaunch Your Box Podcast with Sarah Williams | Start, Launch, and Grow Your Subscription Box
155: Building Another Recurring Revenue Stream with Stu McLaren
FromLaunch Your Box Podcast with Sarah Williams | Start, Launch, and Grow Your Subscription Box
ratings:
Length:
40 minutes
Released:
Mar 27, 2024
Format:
Podcast episode
Description
One of the biggest benefits of a subscription box business is recurring revenue. You can build ANOTHER recurring revenue stream in your business by adding a membership to your subscription box business.
In episode 145 of this podcast, I interviewed three of my Mastermind students, all of whom hit $1 million in revenue last year! They have different businesses and followed different paths to where they are now, but one thing they have in common - they all have both a physical subscription and a digital membership.
When I knew I wanted to talk to you about memberships, there was one person who had to be part of the conversation - my long-time mentor and membership guru, Stu McLaren.
Stu and I talked about 4 categories of memberships:
Product-based memberships
Ie., a subscription box
Service-based memberships
I.e., a massage therapist, blow-out bar, car wash
Knowledge or information-based membership
Solving an ongoing problem - i.e., dog training, relationship coach
Learning a skill - i.e., Launch Your Box
Convenience - i.e., teacher lesson plans, templates, social media scripts, checklists
Community-based memberships
A gathering place for people with shared interests
Can be a standalone or an add-on
There are so many examples inside Launch Your Box of members who added memberships to fill a need their audience has.
Ask yourself how you can use your expertise to create a membership.
What questions are people asking you?
What problems can you solve for your audience?
Stu and I talked about membership ideas for some popular industries:
Pet industry
Training
Dog spa business owner coaching
Equestrian riding
Fashion and beauty
Styling tips & tricks
Crafting
Lettering, sewing, crafting, etc.
If you worry that your business doesn’t lend itself to a membership, Stu shares a story that might convince you otherwise. One of his students has a membership of thousands of people - all there to learn how to make balloon animals! Yes, you can create a membership!
So… how can YOU use your expertise to serve your ideal customer with a membership?
Stu is hosting a FREE 3-part workshop in April.
Learn more about Stu McLaren’s FREE workshop HERE!
Join me and Stu McLaren, my long-time mentor and membership expert, as we talk about why you should consider building a membership alongside your subscription box business.
Find and follow Stu:
Stu McLaren on Facebook
Stu McLaren on Instagram
The Membership Workshop Website
Join me in all the places:
Facebook
Instagram
Launch Your Box with Sarah Website
Are you ready for Launch Your Box? Our complete training program walks you step by step through how to start, launch, and grow your subscription box business. Join today!
In episode 145 of this podcast, I interviewed three of my Mastermind students, all of whom hit $1 million in revenue last year! They have different businesses and followed different paths to where they are now, but one thing they have in common - they all have both a physical subscription and a digital membership.
When I knew I wanted to talk to you about memberships, there was one person who had to be part of the conversation - my long-time mentor and membership guru, Stu McLaren.
Stu and I talked about 4 categories of memberships:
Product-based memberships
Ie., a subscription box
Service-based memberships
I.e., a massage therapist, blow-out bar, car wash
Knowledge or information-based membership
Solving an ongoing problem - i.e., dog training, relationship coach
Learning a skill - i.e., Launch Your Box
Convenience - i.e., teacher lesson plans, templates, social media scripts, checklists
Community-based memberships
A gathering place for people with shared interests
Can be a standalone or an add-on
There are so many examples inside Launch Your Box of members who added memberships to fill a need their audience has.
Ask yourself how you can use your expertise to create a membership.
What questions are people asking you?
What problems can you solve for your audience?
Stu and I talked about membership ideas for some popular industries:
Pet industry
Training
Dog spa business owner coaching
Equestrian riding
Fashion and beauty
Styling tips & tricks
Crafting
Lettering, sewing, crafting, etc.
If you worry that your business doesn’t lend itself to a membership, Stu shares a story that might convince you otherwise. One of his students has a membership of thousands of people - all there to learn how to make balloon animals! Yes, you can create a membership!
So… how can YOU use your expertise to serve your ideal customer with a membership?
Stu is hosting a FREE 3-part workshop in April.
Learn more about Stu McLaren’s FREE workshop HERE!
Join me and Stu McLaren, my long-time mentor and membership expert, as we talk about why you should consider building a membership alongside your subscription box business.
Find and follow Stu:
Stu McLaren on Facebook
Stu McLaren on Instagram
The Membership Workshop Website
Join me in all the places:
Launch Your Box with Sarah Website
Are you ready for Launch Your Box? Our complete training program walks you step by step through how to start, launch, and grow your subscription box business. Join today!
Released:
Mar 27, 2024
Format:
Podcast episode
Titles in the series (100)
020: Create Ads that Stop the Scroll: A huge part of running a successful subscription box business is marketing yourself through effective online ads. Many of us turn to Facebook to run ads, but it can be frustrating to try and read through the data to see if those ads you paid for are... by Launch Your Box Podcast with Sarah Williams | Start, Launch, and Grow Your Subscription Box