Free or Paid? - Structuring Your Mighty Network
Chadly Creative Consulting Chadly Creative Consulting
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 Published On Aug 30, 2023

Consider a free Mighty Network? This video dives into both sides of the decision, exploring when it might be a good choice and when it might not. Discover the benefits and drawbacks of free versus paid, and get insights to help you decide what's best for your unique situation.

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0:00 Free or Paid? - Structuring Your Mighty Network
0:30 Offering some free to sell a premium offer is harder
1:10 Freemium conversion rates are low
1:46 Paid Mighty Networks are more successful
2:15 Supporting people who can’t pay full price
2:38 Perception of value and credibility in pricing
2:59 Investment and engagement in free vs paid offers
3:12 When a free Mighty Network is a good idea
3:44 Why I have a free Mighty Network
4:14 What are your thoughts on free vs paid networks?

Video Summary: This video breaks down the common misconception that offering something for free will easily lead to a successful network. A free network creates more work for you, more complexity for your members, and conversion rates from free to premium offers are often disappointingly low. But there are scenarios where a free Mighty Network makes sense.

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