Small business owners don’t always have a good track record of predicting success based on facts. If they were, we’d probably see more small businesses last longer. I think the tea-leaf-reading industry has done well for itself by providing entrepreneurs with numbers that they want to hear.
So any time I find a tool that can help an entrepreneur accurately predict some aspect of their business, I jump on it and recommend it to others.
I’ve recently found a great, free tool provided by internet marketer Scott Boulch that can help you to make an accurate prediction about membership site revenue based on a number of factors like membership costs, conversion rate, attrition rate, and more. Check it out here:
Predictive Membership Site Revenue
(And if it doesn’t load for you the first time, hit refresh. I have to do that from time to time).
If you are planning to build a membership, use this tool to set your goal and adjust your membership’s parameters accordingly. If more aspiring entrepreneurs use this tool to create their membership sites, we might see fewer sites start but a greater percentage of them become successful.