Transcript
A (0:00)
Meet Tommy. Tommy has a YouTube channel dedicated to helping Americans retire to France. Tommy's done an incredible job attracting nearly 30,000 subscribers and 2 million views on his channel. But he needed help dialing in his product offer. Tommy is a member of the Lab, my invitation only membership community for six and seven figure creators. He scheduled a coaching call with me to work out how he can take his growing audience and design his product offers to both serve them and bring in serious revenue. This is is that coaching call where I break out the whiteboard and discuss how his membership cohort based courses and retreats to France all work together. Enjoy. Tommy, excited to chat about your signature product, the idea you have for a signature product. I read your post in the Lab and I have that next to me. Can you give me kind of the current state and what you're trying to work towards?
B (0:51)
I've been working through various iterations of a potential product, tried some things and, and you are responsible for me kind of rethinking this. I went back and watched the interview you did with Chris Hutchins on the Iceland retreat that he did for his audience and I was just blown away by partly by the fact that it worked so well, but also like the amount of, you know, amount he charged, which sounded like an actual really good value for the participants. So that combined with, I don't know if you're familiar with Rick Steves who's like a very famous, he has a ton of travel books. He's like a very famous Rick Steves. Europe is like his brand. But I read an article about him in the past year or two that his travel group, they take people on trips all over Europe. They do something like 30,000 travelers a year to Europe on these tours and their, their revenues are like 120 million a year.
A (1:56)
Wow.
B (1:57)
And again, these are just sightseeing tours. So not like specialized or you know, a focused group of people necessarily other than just the location. So anyway, this all got me thinking that part of my design restraints which you talk about in build a beloved membership. One of those design restraints for me, which I know I told you before, was I want to personally travel to Europe at France in particular at least once or twice a year via the business to do content and other things. But that restraint, I thought, well, instead of just me traveling, this would open up the opportunity to have these retirement retreats in France. And again with the Chris Hutchins info, I was like that could actually be a great flywheel, not only revenue producer but also a natural content building machine testimonials for the next year's trips or repeat travelers. So anyway, it just got me rethinking this whole thing about because I was coming at it from the bottom up. What's the minimum viable product I can do for the most people? Generate some revenue that way versus what's something that is so kind of over the top valuable from an experiential standpoint that I can charge a premium price for it and then it makes it much easier than to work down from the top, if that makes sense.
