Payment Plans vs. Subscriptions and Monthly Memberships

The Mariah Coz Show

Sep 7 2023 • 1 hr 11 mins

In this episode, I’m sharing why we chose to go with a subscription type pricing structure for our new offer, Monetize, (subscription meaning you can sign up, cancel anytime, come back anytime) rather than the typical payment plan or pay in full options.

I invite you to join my free Creator Party community so that you can keep the conversation going. We do Podcast Chats where I answer questions about each episode, and we have a deeper discussion on the themes we explore on the podcast.

In this episode:

  • Why we chose to create Monetize as a monthly subscription

  • The simple subscription offer I was designing *before* Monetize became a thing, to give you an example

  • My fears and hesitations around a subscription vs. payment plan structure

  • How I think it will impact revenue, for better or for worse

  • How embracing simplicity and enoughness changed my perspective on what a subscription had to look like

  • How a subscription type offer fits in with my vision for my evolving ecosystem of various offers

  • Certain types of offers make sense as a subscription and some don’t

  • The 3 specific things I’m focusing on to make this subscription a success

  • Answering your biggest questions about subscription offers

Join our FREE community, Creator Party, today: request access here.

Inside the community, you can unlock premium courses by being part of the conversation.

You earn points by contributing to the community to unlock access to courses about:

💰 Monetizing your content as a creator with paid communities and online courses

💎 Maintaining a diamond-sharp CEO mindset

🗓️ Planning your revenue and audience growth as a course creator

📝 Content marketing templates for your videos, podcasts, emails and posts that attract perfect fit customers

⭐ Launch debriefs, exclusive workshops, and so much more!

Join our FREE community, Creator Party, today: request access here.

💗Thank you to our sponsor and partner, Skool!

This group is brought to you by Skool - the community platform for creators. If you’d like to learn more and see it in action and how we use Skool, join our Creator Party community today.

RESOURCES MENTIONED:

SUBSCRIBE ON YOUR FAVORITE PLATFORM:
Amazon Music/Audible

Apple

Audacy

Deezer

iHeartRadio

JioSaavn

Player FM

Spotify

VIEW THE SHOW NOTES:
https://www.fearlessceo.co/blog/payment-plans-vs-subscriptions

SUBMIT YOUR QUESTION:
https://www.fearlessceo.co/podcast