Kim Garst, CEO of Boom Social, shares the revenue performance and growth rate of her recurring membership program with Nathan Latka.
0:00 / 0:21exact quote · 21.8s
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“To answer your question directly in the timeframe that since the last time I was a guest to today, because these numbers are as of this morning, we're now generating a 56,494 dollars a month in our continuity program. That's about a 245% increase since the last time I was on the top.”
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More from Kim Garst
AssertionNot checkable as stated
Garst: Boom Social opt-in landing pages convert between 46% and 64%
“Since we run three of them, we have we have three different landing pages, and they convert from between 46% to a crazy 64%. We have one that actually converts at a 64% conversion rate.”
Kim GarstOct 25, 2016▶ 8:43EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst
Insight
Garst: Community support, not just content, drives her paid membership's true value
“And the value proposition to that is, of course, lots of training, but I think it's bigger than that. I think it's the community and the support that is inside of that, you know, group. We basically support those who become members of our inner circle inside o…”
Kim GarstJul 26, 2016▶ 2:40How To Build a $30k/mo Membership Site with Kim Garst of Social Boom E2
Insight
Garst: Facebook Offers beat standard ads and boosted posts in organic reach
“When you do a Facebook offer versus a Facebook ad, or just, you know, put it up and boost it, Facebook offers, for some reason, outperform in reach versus, for the same dollar amount, essentially, as some other methods of, that Facebook has for you to spend mo…”
Kim GarstJul 26, 2016▶ 11:08How To Build a $30k/mo Membership Site with Kim Garst of Social Boom E2
AssertionNot checkable as stated
Garst: 11.2% of free offer opt-ins purchase the $9 upsell
“11.2% of the people who take the free offer take the nine dollar up sale, and then about 70% of those will take the dollar trial directly, and then about 30% will eventually take, or the other 30% will eventually take us up On the offer through a three-stage a…”
Kim GarstOct 25, 2016▶ 7:58EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst
Disclosure
Garst: Boom Social members retain for 5.4 months on average
“On average our members stay with us about 5.4 months.”
Kim GarstOct 25, 2016▶ 14:59EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst
Disclosure
Garst: Boom Social averages a $263 LTV against a $67 CAC
“Basically an average customer value of about 263 dollars. It cost us about a customer acquisition cost is about 67. So our ROI is still, like, 392%.”
Kim GarstOct 25, 2016▶ 15:11EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst
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