Where the most money can be made, why and how to achieve this?
WHICH ONE IS IT?
Physical products❌
Digital products❌
Services❌
Subscription based✅
WHY SUBSCRIPTIONS?
Physical product:
Sell an $20 item 100 times: $2000
Digital product:
Sell an $20 item 100 times: $2000
Service:
Screw them as not fully scalable
Subscription:
Sell a $20 membership 100 times: $2000/month
QUALITY PRODUCT=ENDLESS SCALABILITY
If you constantly add value to your membership area you will achive a hogher CLV.
CLV aka. customer lifetime value is the value of the customer over the lifetime of his membership.
If you have a valuable product + a CLV of 6 months you make ($20×100)×6=$12.000, so 6× more as if you'd sell a simple product
YOUR KEY TO SUCCESS:
FOLLOW ME AND LEARN SOMETHING NEW EVERY DAY. WE ARE SHARING VALUABLE MARKETING AND BUSINESS KNOWLEDGE ON A DAILY BASIS.
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