This is where people pay to have access to a group or community.
This can be good in certain niches. For instance, I’ve seen many people make 7 figures/yr with memberships in the finance/investing niche.
It’s also great because you get MRR (Monthly Recurring Revenue).
A lot of the time this isn’t going to be scalable though or it won’t work very well in most niches.
Patreon is probably the easiest and most well-known way of doing this.
Paid Discord Servers are another example of how people are doing this.
The only way I would do this is if I saw other people in my niche successfully doing it, I wouldn’t ever be the first one to try it.
However, this one can pair well if you put it together with a High Ticket Product. You sell them on a low monthly membership, give them a ton of value in the group, and then upsell them to a high-ticket product (that requires them to get on the phone with you) for an even better experience.
Typically, if I’m going to do a group, I’m just going to make it free, and then upsell them to a high-ticket product.
This can be a great option for certain people. It can also pair well with other types of products as well.
InvestAnswers was making over $100k/month with his Patreon Community where he gives people tips on how to invest in Crypto.
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