From free to paid
šŖ What happens when you put a price on it

Welcome to the Profit Ladder newsletter
Someone forward this to you? Subscribe here.
Hey there,
Yesterday we covered why free was the right price for the masterclass during the first 6 months.
Today I want to show you how I turned it into something I could charge for, without losing what already worked.
Thing is, just because something is free doesnāt mean itās easy to say yes to.
Over time, I started paying more attention to the people who didnāt join.
What I heard was consistent:
āWhy is your webinar so long?ā
āWhat are we going to do for 4 hours?!ā
āUnfortunately thatās 4 AM hereā
Though it was remarkable (and humbling) to see ~10 people join at crazy times!
And so the objection wasnāt money. It was timing, format, and duration. And when those things didnāt meet their expectations, other objections like fit and value gave them reason enough to say no.
So I built a new option: An on-demand version with immediate access. Same frameworks, content, and clarity. But now, zero waiting.

The on-demand Offer Development Masterclass inside Teachable

One of the masterclass lessons
And this option came with a price tag. Because now, I had not only baked in dozens of upgrades, but Iād eliminated a real pain point that would get people off the fence and experiencing wins, faster.
I couldāve stopped there, but I didnātā¦
When I look at the live masterclass, it was doing its job - for me and the attendees.
For me: As you learned yesterday, it drove $110,000 in referrals and upsells.
For attendees: They showed up, got real value, and learned alongside peers.
So instead of penalizing my business and the people who appreciated it, I kept it.
Now there are 2 paths: One for the people who are ready right now, and another for those who want to see me work live.
Both are viable. Both have a role. And both are better because I listened.
Here are your 2 big takeaways:
One: If people are resisting your free offer, thereās probably hidden friction you can fix, and maybe even monetize.
Two: If something free is working, you donāt need to (and probably shouldnāt) kill it in the name of making more money.
In part 4 tomorrow, Iāll share a very common, very debilitating pitfall that I was careful to sidestep while updating the masterclass.
š Want exclusive bonuses for the new masterclass?
The only way to get them is to join the waitlist (closes Aug 29).
š¤š¼
P.S. My friend, Peter Giordano, helped me think through the pricing strategy I shared today. Check out the brilliant ideas he shares each week.

Jay Melone
If you donāt want this mini-series, opt out here.
(toggle on: Opt out of Masterclass Update Mini-Series)
Reply