Some simple math (easy, I promise) shows this email list point. If 200 members are paying $ 20 per month, they will earn $ 4000 per month. Let's say each member stays with you for 6 months. That means every member you attract earns an average of $ 120. What if I could keep them staying for 7 months? The average lifetime value of a customer can be up to $ 140. You get an additional $ 4000. But most importantly, as you grow in scale, you can make more money. The next 100 members will earn $ 14000 instead of $ 12000. You can invest in marketing strategies that increase your margins and expand even faster. So 3, we have a system in place to reliably attract leads and turn them into customers.
Is it perfect? Probably not. But it worked well enough that you could expand to 100 bills a month. And in that amount, attracting new customers is probably not your biggest problem. This is the breakdown of mika's stage 3. Problem: I've lost a lot email list of members (low customer retention rate). Challenge: improve onboarding and customer experience to increase retentionopportunity: improve retention. Even a month's additional retention will result in a ton of additional earnings. Once you reach a certain number of customers, it 's very important to focus on things like improving your site . Or build a community.
Some simple math (easy, I promise) shows this email list point. If 200 members are paying $ 20 per month, they will earn $ 4000 per month. Let's say each member stays with you for 6 months. That means every member you attract earns an average of $ 120. What if I could keep them staying for 7 months? The average lifetime value of a customer can be up to $ 140. You get an additional $ 4000. But most importantly, as you grow in scale, you can make more money. The next 100 members will earn $ 14000 instead of $ 12000. You can invest in marketing strategies that increase your margins and expand even faster. So