Part 6/8:
Patel cleverly presents his subscription model in a way that feels less sales-driven; instead of traditional hard-sell techniques, he opts for natural mentions throughout his content, allowing interested viewers to explore the group organically.
Building Recurring Revenue: The Retention Matrix
While attracting new followers is essential, retaining them is where Patel truly excels, employing a retention matrix with various mechanisms designed to keep customers engaged and paying their monthly fees.
Key Components of Patel’s Retention Strategy
- Joining Fees: A strategy reflecting investment, deterring churn, and encouraging commitment among members.