155: Building Another Recurring Revenue Stream with Stu McLaren

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!