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Sep 2 (edited) • 😺 Skool
Monetize Your Community - Today's Skool News
Today's episode of Skool News was another update and recording of another module for Skool 101 Classroom
Sam Ovens and Andrew Kirby revealed the upcoming Subscription models
🤯 WoW 🤯 Whole new game coming Q4
(See some of the screenshots in the thread below)
How to Monetize Your Skool:
- Free
- Subscription
- Freemium
- Tiers
- One-time
- Custom combinations
Stages of Evolution:
- Start with Free to find out what people want 🤔
- 💡 Once you know what people will pay for add tiers
- Use Subscription when you don't want free members
- 🪜 Tiers give you a 3 option ladder
What Should I Sell?
- What people WANT 🤩
- Look at what other people are selling, what you buy
- Paid memberships usually combine: Community Courses Calls Events Services Exclusive access & merch Etc
How much to charge?
- Skool a average price is $50/month
- Higher priced usually lower conversion, more churn
- Research other trends in your market
- Do you want positioned as budget or luxury?
- What feels fair for value provided?
- Start low, founders lock in special legacy rates
- Do the math: 100 people at $100/mo = $10k MRR
Watch for the replay later today! 👀
❓🗨️ Do you have a free or paid community?
Drop the link in the comments of (this post only)
If you're thinking about starting your own Skool...
🧑💻 I'll help you maximize the free trial by getting you set up to grow before you sign up!
Ask me how now inside! 🤓
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Monetize Your Community - Today's Skool News
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