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Topics discussed:
00:13 – Investing in high-level training courses
00:42 – Quality training is an investment not an expense
01:05 – Things you learn from SuperFastBusiness
01:20 – Have a routine with purpose
02:01 – Paid communities attract better quality members
02:27 – Controlling the things that are coming in to your site
02:50 – The best lesson you should know
03:16 – Use frameworks to get ahead
03:37 – Giving perspective of the things you already know
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Transcription:
James Schramko here with some tips about getting good value for your investment when you join paid memberships, communities, or courses.
I quite often join a paid community or membership because it’s a great way to invest in my own abilities and skills. Even though I know a fair bit about stuff, I’m still learning, so I actually invest in my own education to get a return on my investment.
A great post from SuperFastBusiness
This week I saw a great post in SuperFastBusiness by John. And John was reflecting on his first six months inside the community and I think that the points that he makes are really helpful so I’m just going to go through some of them.
The first one is he treats his membership fee as an investment, not an expense. He feels that he would actually be worse off financially if he didn’t join than if he did. So that is him being accountable to his investment, he’s working out what he pays versus the result that he gets and then doing a little balance sheet on that. The answer for him was that he’s actually doing better because he’s a member.
One of the things learned
So what sort of things does John learn from SuperFastBusiness that makes his investment such good value? The first thing is he’s got a routine. He now knows what he’s supposed to be doing every day because I keep drumming on about knowing what the point of any activity is. Once you’ve got a routine the routine actually sets you free because you can cycle through your routine in a repetitive manner, and that sounds boring but it actually takes a lot of thinking away from you.
If you have even something as simple as a checklist on a whiteboard like what’s behind me, then you can routinely go through that checklist and you can tick off the things that you have to do and things get done. For me it’s making a piece of content like this. Every day I make a video and I put it out there, that is a routine but it actually sets me free to do other things when I’m not making a video. I’ve just come off my tennis court where I’ve been playing some tennis with the kids.
John likes the networking aspect of belonging to a paid community and the best thing is, when it’s a paid community the network is of a higher caliber than a free community, in general. It’s not always the case but most often it is the case. When you have like-minded invested people in a community who are there for the same reason, then that network becomes powerful and it’s encouraging and motivating and supportive.
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Greater values learned
Another thing John’s learned is to control things. He now tracks and measures everything so he knows exactly what’s come in his site, how it got there and what happens to it then whether it converts and turns into a sale. Now knowing this is great because he can do more of the things that are working and less of the things that aren’t working so that is something he’s learned and something he’s been able to put into place.
Probably one of the best lessons that John has learned is that there’s no magical answer, or as I say, there is no Holy Grail. There’s no one little thing you can do – as much as people like to say there is, there’s a whole series of things that need to get done and by knowing that and facing it on the chin you can actually move forward with the discipline that it takes to get something worthwhile.
Whilst there’s no magical thing, just one thing, or no Holy Grail there are simple steps that can be taken and that’s using frameworks and templates, and that’s what John’s using to get ahead. Checklists, routines, template, and frameworks – the result will always come out exactly like a cookbook with a recipe. You follow steps 1, 2, 3, 4, 5, 6 – this is what you get at the end just like the picture.
Take things into perspective
Another thing, it actually gets you perspective on how much you already know. Quite often we know what we’re supposed to be doing but being in a framework or an environment where we can see how much other people know or don’t know, it can get you an idea of where you’re at, so that’s what joining a paid community can do for you.
I hope these tips are helpful, I hope it helps you when you pay for a course or join a membership, and I hope to see you inside SuperFastBusiness and help you with your journey. I’m James Schramko, I hope you’ve enjoyed this business news.
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totally agree .. a community is ‘family’ .. friends who are invariably your competitors but in this world we all understand the value of sharing and helping each other .. John is a grt example of the power of transparency and accountability to oneself .. in fact making mistakes and taking on board critisicm and feedback is ‘essential’ to success .. this is why FWF and membership communities are an ideal environment for anyone working from home. People are always there instantly to offer a helping hand. 99.99% of us need this. Best investment and only recurring payment I make for these reasons.