There are several reasons why an entrepreneur might choose a membership model:
Recurring Revenue: A membership model ensures a steady flow of income, making financial planning easier. Customer Retention: Members are likely to stay longer if they find value in the recurring service, leading to higher customer lifetime value. Scalability: Once the initial setup is complete, adding new members often requires minimal additional cost. Community Building: Membership models can create a sense of community among users, increasing engagement and satisfaction.