Are you checking your churn? If you’re thinking about making butter, unfortunately, it’s not that. We’re referring to customer churn which transpires when your subscribers ceased doing business with your service. Though entrepreneurs love recurring income, it can be difficult at times to continue business growth and beat churn.
In today’s podcast episode, Bobby and Mike impart the strategies that you can use to help you reduce your churn and to keep members hooked in order to improve your lifetime value, thus, hopefully bring positive growth in your business.
“How do we help them get past obstacles like fear of failure or confidence issues or motivation or time management? All of these things, when you start looking at that and figure out ways to help people with those demons, they’re going to get better results. And it’s all tied together because when they get better results, you make more money, they tell even more success stories. They are marketing you. They are telling more people about it, more people are buying your stuff, more people are getting results means more impact. And that’s what it’s really about.” – Mike Yanda
Welcome to the Laptop Empires podcast hosted by Bobby Hoyt (Millennial Money Man) and Mike Yanda (Red Dirt Marketing Co).
In this weekly podcast, the former Band Director(Bobby) and Attorney(Mike) share cutting-edge strategies for growing online businesses. The duo pull on their experiences building blogs, online communities, and courses to grow businesses for themselves and other business owners.
Every episode is packed with content and actionable strategies presented in a laid back, conversational manner. No topic is too big or small for this no-filter show about making money online and having fun doing it.
Whether you’re a full-time entrepreneur, side hustler, or you’re thinking about joining this crazy online business world, you’ll want to join the Laptop Empires crew each Monday and learn how to create an online business that lasts.
In this episode, here is what you’ll discover:
- Beat churn
- Is it easier to sell to people who previously bought from you
- What is client activation
- What are the 2 points of activation
- What you can do for people to get hooked
- Build a family environment
- Importance of setting the example of what you want the interaction in the group to be like
- The wins and struggles
- Us vs. Them Mentality
- Significance of teasing what’s coming the next month
- Increasing lifetime value
Items Mentioned In The Show:
- Creating a (Physical) Subscription Newsletter With Chris Orzechowski – Episode 133
- Laptop Empires Course Community
- Laptop Empires
- Millennial Money Man
- The Millennial Money Man Community
- The Facebook Side Hustle Course
Contact Bobby & Mike:
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