Payment Plans vs. Subscriptions and Monthly Memberships
Episode 28 of the The Mariah Coz Show podcast, hosted by Mariah Coz, titled "Payment Plans vs. Subscriptions and Monthly Memberships" was published on September 7, 2023 and runs 71 minutes.
September 7, 2023 ·71m · The Mariah Coz Show
Episode Description
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:
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Why we chose to create Monetize as a monthly subscription
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The simple subscription offer I was designing *before* Monetize became a thing, to give you an example
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My fears and hesitations around a subscription vs. payment plan structure
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How I think it will impact revenue, for better or for worse
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How embracing simplicity and enoughness changed my perspective on what a subscription had to look like
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How a subscription type offer fits in with my vision for my evolving ecosystem of various offers
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Certain types of offers make sense as a subscription and some don't
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The 3 specific things I'm focusing on to make this subscription a success
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Answering your biggest questions about subscription offers
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💰 Monetizing your content as a creator with paid communities and online courses
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RESOURCES MENTIONED:
SUBSCRIBE ON YOUR FAVORITE PLATFORM:
Amazon Music/Audible
Spotify
VIEW THE SHOW NOTES:
https://www.fearlessceo.co/blog/payment-plans-vs-subscriptions
SUBMIT YOUR QUESTION:
https://www.fearlessceo.co/podcast
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