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Reed Floren (US):
So let’s say you have an idea
for a membership site,
and you get it up and going.
You charge $20 a month
for access. Your first month
you get 30 new members (1 new member a day).
That’s $600 a
month in income you’ve created for every month they stay a member. Month 2 comes along and
let’s say that
you lose 5 members, and get 30 new members in your
second month. Now your income is at $1100 a
month. If you keep adding 30 new members and
losing 5 members a month (because yes you will
lose members each month) in just 6 months you’ll be
at $3100 a month! How long would it take you to
replace your income
with a membership site using the
“add 1 new member a day”
math I just showed you?
Probably within the year!
To be continued
If you missed it:
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