Should you host a free challenge or a paid bootcamp?
On today’s episode, we're going to talk about the pros and the cons of hosting a free challenge versus a paid bootcamp.
We're going to talk you through why we recommend initially opting to go free, but why some other businesses choose to go with a paid bootcamp.
We’ll dive into the data, metrics, and math of it all so that you have all the information you need to start making these informed decisions for your business! We’ll also tell you how the math can sometimes be manipulated to make one avenue seem better than the other.
Let’s dive in!
At 1:39, I take you back in time a bit (to a roller rink!) and share why my daughter’s first time roller skating is a lot like how we approach our businesses: so often we're afraid to try something new because we're afraid that we might fail. Because if we fail, what will that mean about us? What will that mean about our product, or our service, or our ability to do business, or our ability to be in business?
At 9:28, we get into the details about how we make the decision to do a free or paid challenge: Math & Budgets! And if you don't love the math in your business, it might just be because you don’t know exactly how to use it to inform your business decisions. But here’s the good news…you can get really good at the math! I didn't used to love the math in my business, but I got good at the math in my business because I realized the math and the data really matter.
At 21:09, we talk here about how it’s really easy to manipulate the math. So, if you’re seeing everywhere that a certain strategy is better than the other because “the math” says so, we help you understand how the math can be manipulated if you don’t understand your data and your industry. You have to know what’s true for your industry to make the best decisions!
WANT TO UPGRADE YOUR EXPERIENCE?
Grab Sales Page that Sells™ for only $297
Create a Sales Page before the end of the week, Without Hours of Research, Hiring a Designer, Or Staring at a Blank Screen…
Sales Page That Sells™ is the step-by-step, done-for-you, plug-and-play system that will have you writing a Sales Page that CONVERTS (in less time that it takes to binge on the latest season of your favorite show)!
Yes, we’re talking done-for-you, mad-libs-style sales page content workbooks, graphics packs, templates, checklists, tech-made-simple, and so much more.
Grab it now for only $297 before the price goes up.
Subscribe & Review On iTUNES!
Are you subscribed to the Business With Impact podcast on iTunes? If not, I want to encourage you to do that today. I don’t want you to miss a single content-rich episode. Click here to subscribe in iTunes!
And if you enjoyed today’s episode, I would be really grateful if you left me a review over on iTunes, too. iTunes reviews get the message out about this podcast, and I love hearing your feedback! All you have to do is click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what you loved about today’s episode.
You can also take a screenshot and post it to your Instagram Stories with your biggest takeaways and tag me, @rachelrmcmichael!
I’m so grateful for you!