Paid vs Free? · Community Builders

Paid vs Free?

Hey everyone. Does anybody have any thoughts (or even better - data) on whether or not a free versus straight up paid community is the best first step to build my business/community?

I spent 17 years in financial markets and I'm now trying to build my own business, so bear with me - I'm a noob!

Here's my thoughts for what it's worth:

The offer- 'Crypto Kickstarter: Easily build your first £1,000 crypto portfolio and lock in your first winning investment—in 30 days, without stress or high risk'

My plan after initially inviting a number of free lifetime members, is to charge £10/month or £100/year. They will easily recoup that investment from what I teach.

My belief is that some form of financial commitment is better than nothing, to keep them engaged. I also think if I'm giving away loads of free value via YouTube (the ongoing plan), I don't want to give them more free value in the community, only to lose a large percentage of them in the process of upgrading to the higher tier offer (yet to be built).

Any thoughts from you legends out there, would be greatly appreciated.

Cheerio

Nik

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