Contrarian Thinking

The anti-subscription high-ticket community

by

I’ve recently noticed an interesting new pricing model. As an example, take Codie Sanchez’s Contrarian Community.

As you might know, Codie is an ex-private-equity, Goldman Sachs woman. She quit the corporate world and started using her PE background to buy boring, cash-flow businesses. Laundromats, RV parks, and the like.

Codie also started an info publishing business, Contrarian Thinking, teaching players with money to do the same as she’s doing.

Codie writes a free Contrarian Thinking newsletter, in which she gets her audience of 200,000 readers hyped up on the opportunity of buying boring businesses.

And once they get hyped up enough, she sells them training teaching them how to actually buy a boring businesses, plus ongoing support and networking, inside what she calls Contrarian Community.

So far, so standard.

The part that got me is that Codie doesn’t charge for access to Contrarian Community monthly. She doesn’t charge for it yearly either. Instead, she charges a one-time fixed fee of $10k. And she’s built a 8-figure business out of Contrarian Thinking this way.

I’ve noticed this pricing model in a few other successful info publishing and coaching businesses recently. At first, this had me surprised — because I’ve been trained to think continuity offers are where it’s at.

But a one-time, large fixed ticket to join a community makes a lot of sense. It means:

1. More money per member, today instead of tomorrow.

2. Better quality of member.

3. Better results for members, and therefore easier sales down the line, and a more attractive offer.

4. A better community. Rather than people constantly churning, there’s stability. There are more members contributing, and more successful members supporting and encouraging those who aren’t as successful yet.

So this is something to consider.

If you too offer ongoing coaching, training, or a community of some sort, you can do this too.

Figure out what your LTV is per customer… round that up… or double it or triple it. And then charge people a one-time fee, instead of leaving them to constantly wonder if it’s worth sticking around and renewing for another cycle.
​
​Do this, and you might end up producing a better community, getting better results for your customers, and making a lot more money yourself.

Chargeback inspiration

by

In my email yesterday, I wrote about a chargeback I’d gotten earlier in the day. I asked for advice.

And I got it.

I got advice about possible ways to handle the current chargeback better.

I got good advice on how to prevent it in the future.

I got personal stories and experiences and consolation from others who have been there before me.

I can say I’m honestly grateful to everyone who wrote in. I can also say it’s reminder of something important:

People start email lists to do marketing. To sell stuff. Perhaps to become seen as an authority at whatever it is they do.

But if you do it right, it ends up going way beyond that.

I heard Codie Sanchez talking on a podcast a few days ago. As you might know, Codie runs Contrarian Thinking, a newsletter with some 250,000 subscribers, about buying and selling businesses. She’s built an eight-figure info business off the back of that newsletter, plus maybe several other 7-figure businesses also.

But it goes way beyond that. Codie said that via her newsletter, she’s automatically and without any extra effort also gotten:

– Unique business opportunities
– Financing
– Business partners
– Employees
– Advice and guidance
– Access and connections

My experience has been similar.

I’ve had direct job offers from people reading my newsletter. I’ve had business partnership offers.

People have shared their personal stories with me. I’ve gotten good business advice, from people who are qualified to give it.

I’ve hired people via my list, and I’ve been hired by people on my list.

I’ve gotten insider tips and tricks from people at the very top of the game.

I’ve met some of my readers in real life. We’ve gone to conferences together. I’ve even gotten nice stuff in my physical mail box from people who read these emails.

All of that fell out automatically, as a side-effect of relentlessly, mercilessly, unfailingly writing a 400-500-word email every day, and sharing something I have learned, or something unnerving that happened to me, or a bit of inspiration, or a bit of frustration, like I did yesterday.

I guess you see where this is going. But since this is a marketing newsletter, I will force myself to spell it out:

Start an email list.

Write to it regularly.

Preferably daily.

Good things will happen as a result. And if bad things happen also, you will have a powerful resource in your email list to deal with it.

I have a course about how to relentlessly, mercilessly, unfailingly write a 400-500-word email every day, and to make it interesting for yourself and valuable for your readers. If that’s something you’d like to do:

https://bejakovic.com/sme