WEBVTT

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Welcome back to Vision Pros Live. This is going

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to be fun. This is kind of one of my heroes.

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So there we go. This is Carol Tice. Carol, would

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you please introduce yourself and welcome to

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the show? Thanks, Sue, and my pleasure. I'm Carol

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Tice. I built and sold a paid community for life

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-changing money, and now I help other coaches,

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consultants, and experts to launch their own

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paid platforms at Community Growth Academy on

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School. I love that. It's so cool to have a community.

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It's so underrated, undervalued, and yet having

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a community. Well, you tell me, what are some

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of the benefits that people see when they have

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a community? So my normal STEM speech is more

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reliable income with less marketing and the opportunity

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to impact more lives. The sort of fourth leg

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of the stool is Most coaches and consultants

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do not have a business they can sell. They are

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the business. And whenever they can't do it anymore,

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they close the doors. There is no exit that funds

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your retirement in that model. And wrapping your

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expertise in paid community is a way to create

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a saleable asset. I'm here. I'm living proof

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of that. So it's very exciting for people who

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have so much to give to the world, a way to really

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realize the value they should from their knowledge

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and to get to retire. I feel like people should

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not have to work till they drop. So I'm excited

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to be helping people to build, you know, hopefully

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wealth, build a high value asset they can sell

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and, yeah, fund their retirement. That's incredible.

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I mean, all those solopreneurs out there, take

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heed, take heart, listen up. So let's dive right

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in. I want to hear about what is your vision

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for the people that you're serving? So the people

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that I'm serving so far in Community Growth Academy

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kind of fall into two buckets. I call them launchers

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and ideators. ideators tend to be people who

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have some passions and they're thinking about

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turning one of them into a paid community so

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they're thinking about building a community around

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it and they don't they have not yet built an

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audience for it so they need to start with audience

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building and so it's almost like you're trying

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to monetize a hobby which is basically what i

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did with my first business freelance writers

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down i just wanted to write a blog about how

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to earn good money as a freelance writer and

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i wanted writers to stop getting ripped off and

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it sort of became a hobby gone mad when i wrapped

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a community in it and that was something writers

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really needed um so they're yeah they're looking

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for at um finding a business model for a passion

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project of some kind um or and so so that's the

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ideators the launchers are Coaches and consultants

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who've been doing what they're doing, they're

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kind of getting burned out. They're getting tired

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of the constant search for those $10 ,000 clients

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all the big gurus tell you you've just got to

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have. And they are looking for a better way to

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earn. They're looking for an exit door out of

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selling hours and a scalable business. that would

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live off their expertise. And that's what paid

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community is. And we've already had members just

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kind of go 90 days to launch, and one of them

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has already got 500 members. So people who have

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been in their field for a long time and just

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want to, yeah, impact more lives, not have to

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do marketing. Yeah, and would like to set themselves

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up with some reliable income, maybe as they get

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ready to transition out of their career. But

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the thing is that paid community is complex.

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So maybe they've heard of paid community, but

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they kind of don't even know where to begin to

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set it up. Or they have tried and failed and

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shut down a community. They have the expertise,

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but they didn't do the steps to launching a paid

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community successfully in the right order. People

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tend to go off in a vacuum and build something

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instead of building it in public and bringing

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their audience along for that journey. And so

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they're coming to me for like, save me time and

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give me the shortcut to doing this the right

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way so my launch will be successful. And my community

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will take off and not be a ghost town and I will

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feel happy and not sad. You know, that's that's

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pretty much what, you know, the pain point that

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they're at is that they they feel like there

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must be a better way to go about it. And for

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me, that was really the big turning point. I

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was a coach. I did want some one on one coaching,

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did some small coaching. Not that I didn't like

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it. It got OK results. It got. mixed, not consistent

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results. And some coaches, I think, don't care

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if their people succeed. But if you would like

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actual transformation in your people, the peer

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element is the missing link. Doing it with other

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people, doing the same thing, having the same

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struggles, highly, highly more successful. And

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that was really gratifying to me. I wanted my

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people to actually, you know, go earn better

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income and, yeah, be able to have a secure future

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because they got my advice. And paid community

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hit all of that. And the other big thing for

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me that I've realized kind of doing podcasts

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is that, you know, I heard all the same guru,

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oh, you need a $10 ,000 offer and you need to

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learn how to sell that. I don't know if it's

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just because I knew most of my people were pretty

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struggling income -wise or because I just come

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from kind of a lower middle class background.

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But I look back now and what I realized was happening

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is that deep in my soul, I didn't want to sell

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a $10 ,000 thing. I didn't want to ask people

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for $10 ,000. It just wasn't me. wasn't resonating

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for me. That felt like, ugh, that's a lot to

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ask. And certainly the expertise I had ramping

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a freelance business to six figures and stuff

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was highly valuable. But the question you ask

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yourself is, would you rather help 12 people

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this year who were $10 ,000 coaching clients,

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or would you rather help 1 ,200 people who paid

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$25 a month? And for me, it was, absolutely the

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second answer. So paid community uses the power

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of mass to drive your price point way down so

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that many, many more people can afford it and

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lots less marketing. Lots easier to sell a $25

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thing than a $10 ,000 thing. And for me, that

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just, I don't come out of marketing. I came out

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of journalism. I'd never sold anything to anyone

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before 2008, you know, when I started my blog.

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And so having a low ticket, thing was a real

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answer to me. And I think for a lot of these

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people, it is a relief to hear as well that there

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could be a way to charge low ticket and make

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more than they were making, which I certainly

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did. That's phenomenal. And I mean, it boils

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down to impact, you know, to being able to have

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such great impact on so many people. you know

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that that's really cool because i think so many

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of us are heart led we want to cause or help

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facilitate a transformation in somebody's life

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and make it better you know and we just want

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to make an impact on the world we'd like to leave

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the world better than we found it you know yes

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and um the community enables you to do that at

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a scale that you can't in a lot of other business

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models and you know i recently got to spend almost

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a month in europe And I visited three of my members

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on that trip, including one who now lives in

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Paris with her daughter. And she literally said,

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you know, you changed my life. You gave me the

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ability to live anywhere I want, to live the

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life I want, you know. And this is what lured

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me back into starting another paid community

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is that doing this. For other people, I say it's

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better than better. It's better than if it happened

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to me. It's so incredibly personally fulfilling

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in a way that I think you don't get out of a

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one -on -one coaching experience. That's amazing.

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That's so great. I'm so excited to hear that

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you're doing that. I'm a little jealous. I might

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have to go check it out. Absolutely. That's so

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cool. Well, tell me a little bit about what's

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your vision? What do you want this to become?

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You know, this is your second thing, second big

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thing. You've had careers passed and you had

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an exit. A lot of people, Carol, would just go,

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hey, I'm going to go play golf for the rest of

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my life. You don't seem like the type of golf,

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you know. I'm not a golfer, but I did think I

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was going to retire. I didn't have this like

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vision like I'm a serial entrepreneur. The first

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business was almost. just sort of happened organically

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so and my vision of my mindset of what i know

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is i know about freelance writing and then i

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took a meeting with my mentor john morrow first

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of all after i sold the business i missed the

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community and a lot of business owners who sell

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you know you miss that client the interactions

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and community is kind of a special kind of interaction

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where you really become friends with a lot of

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people and you miss making a difference. And

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so I was talking with my mentor, John Morrow,

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who you may know of from Smartblogger, and he

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was starting a new project to help people launch.

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And I said, well, I can't do anything with, you

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know, I'd love to work with you, but I can't

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do anything because I have a non -compete, you

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know, so I can't do another community about freelance

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writing. And freelance writing is all I know

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about. And John said, what did you learn in 12

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years of doing paid community for writers? And

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I was like, I know about paid community. Like,

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it had never occurred to me. You know, it's so

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hard for all of us to see how much we know and

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how our expertise is growing over time. And then,

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of course, I, like, talked nonstop for 10 minutes.

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I was like, paid community, I could talk about

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this all day, how to fire members. problems and

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how to do this and that and oh there's all these

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pitfalls and i did this wrong and i could help

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people and and we were off building community

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growth academy and uh you know i love it i guess

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what's exciting me the most is that it's allowing

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me to help people across a lot of different topics

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and industries and you know paid communities

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can be in anything we have people doing stuff

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around health and food around marketing for remodelers

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around relocating abroad around writing ones

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um as well but like so many different it's like

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now it's like john showed me how to broaden my

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impact so much wider And I guess I guess the

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moral to that story is I do business consulting,

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you know, talk to your mentors and stuff because

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they see things in you that you're not you're

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not getting. And that was so true of me. I mean,

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my vision for this is just the same vision I

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have for freelance writers, which is to listen

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to my members and deliver what they need from

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me. And that's how we did everything in business

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one. And, yeah, it's not about, well, I know

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this. I think you should know that. It's, you

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know, when should we hold meetings? Please take

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my poll and tell me is always my vision. I have

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already gotten so much out of this. It's really

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hard for me to see where it goes. I actually

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haven't decided if I want it to scale big or

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not or if I might make this like an exclusive

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100 limit kind of environment because I really.

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I don't need it to scale having exited. I don't

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need it to have 1500 members. Also, it's at a

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higher price tag than the previous business was.

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So I don't need as many members. And I really

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like to work really in depth with people on there's

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so many aspects to community launch. And, you

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know, right now we're just kind of coming out

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of beta with my 30 sort of original. you know,

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early members and I've learned so, so much. Already

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created a second course. We had a foundational

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course that's like the seven steps of launching

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and then the first year of running your business.

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I already put in Built to Sell, which is all

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of the things I learned about how to make this.

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a cleaned up saleable business and i did not

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do everything right from the start and had to

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go back and do a whole bunch of things take myself

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out of the branding for instance it was cartoon

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me you know that's not a saleable thing that's

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you are the brand so i had to learn a lot you

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know about that process so i put that in but

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the big chunk we're adding now is audience building

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okay i just thought i'd everyone who joined would

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have an audience ready to go i learned from my

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members that some of them need marketing help

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to build that audience so they can launch so

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now that's that's what we're on now that's incredible

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we just did a training on how to make your social

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media posts better and i'm just about to do one

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about how to be a podcast guest and yeah but

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we're adding we're creating like a suite of audience

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building ideas you know to think about because

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i want everyone to pick kind of two three channels

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that they're gonna focus on not 50 not every

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social channel there is but yeah to you know

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bring some focused audience building activity

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so they can uh build up enough people to attract

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enough people to open and achieve a critical

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mass so that's that's what we're working on cool

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what kinds of feedback are you getting that you're

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loving um well it's funny you ask because the

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the one investment manager who ramped to 500

00:15:24.679 --> 00:15:28.820
members right away, said to me that he's impacted

00:15:28.820 --> 00:15:32.139
more people in the six months of running this

00:15:32.139 --> 00:15:36.019
community than in his 40 -year investing career.

00:15:37.320 --> 00:15:40.940
So that's a big impact. And he's someone who's

00:15:40.940 --> 00:15:42.980
a contrarian investor, has his own kind of system,

00:15:43.039 --> 00:15:45.179
and is kind of an advocate for it and wants more

00:15:45.179 --> 00:15:48.750
people to know about it and do it. so they you

00:15:48.750 --> 00:15:52.509
know retire with assets unlike most of america

00:15:52.509 --> 00:15:56.649
and so that was so meaningful to him and also

00:15:56.649 --> 00:15:59.889
he's 80 if i haven't mentioned and he said that

00:15:59.889 --> 00:16:03.389
he travels a lot he's very he's fit and healthy

00:16:03.389 --> 00:16:07.210
and he goes on three four week long trips and

00:16:07.210 --> 00:16:09.909
the paid community model is such that you have

00:16:09.909 --> 00:16:13.350
community members who kind of become experts

00:16:13.350 --> 00:16:16.860
a bit themselves and you can step away for weeks

00:16:16.860 --> 00:16:20.940
and other people can run everything so that's

00:16:20.940 --> 00:16:23.879
the other thrill of paid community is that you

00:16:23.879 --> 00:16:26.139
know when you're coaching it's like you do you

00:16:26.139 --> 00:16:29.100
have to do all the things you know yeah people

00:16:29.100 --> 00:16:31.720
are expecting you to show up and coach them but

00:16:31.720 --> 00:16:36.840
yeah he does a a like investment kind of screening

00:16:36.840 --> 00:16:39.740
product that he puts out he had other people

00:16:39.740 --> 00:16:44.659
put it out you know That's amazing. And another

00:16:44.659 --> 00:16:47.100
launcher that we had is kind of in the same beta

00:16:47.100 --> 00:16:49.799
phase as me. And she came on a call yesterday

00:16:49.799 --> 00:16:53.259
to just talk about how grateful she was to just

00:16:53.259 --> 00:16:55.740
understand how to operate a community and get

00:16:55.740 --> 00:16:57.620
it up and running. And she's really excited by

00:16:57.620 --> 00:17:00.679
the potential that it has. And she talked about

00:17:00.679 --> 00:17:02.960
how much she's learned and how things she's changing

00:17:02.960 --> 00:17:07.740
from listening to members. I love that because

00:17:07.740 --> 00:17:10.660
when you have members and they're engaged, that's

00:17:10.660 --> 00:17:14.200
a big if they're engaged, right? Yeah. And there's

00:17:14.200 --> 00:17:16.480
a lot to that. Yeah, there's a lot. And when

00:17:16.480 --> 00:17:19.339
they do, it's like you never have to guess on

00:17:19.339 --> 00:17:21.900
anything that you create ever again. Like if

00:17:21.900 --> 00:17:23.759
I make this, will people want it? Well, they're

00:17:23.759 --> 00:17:27.079
telling you what they want. That solves a lot

00:17:27.079 --> 00:17:31.519
of things. Yeah, exactly. I just wish I could

00:17:31.519 --> 00:17:33.700
help every frightened entrepreneur who's off

00:17:33.700 --> 00:17:35.119
in a corner building something without talking

00:17:35.119 --> 00:17:39.279
to any prospects. Just save yourself so much

00:17:39.279 --> 00:17:42.839
time and start asking, start telling people what

00:17:42.839 --> 00:17:45.519
you're building. Because first of all, there's

00:17:45.519 --> 00:17:49.079
magic to that. I call that pre -marketing. What

00:17:49.079 --> 00:17:51.140
do you think of the name of my community? What

00:17:51.140 --> 00:17:54.259
do you think of these brand colors? Would you

00:17:54.259 --> 00:17:56.880
like to come to a live weekly event with this

00:17:56.880 --> 00:18:01.880
kind of expert? You need this feedback, and it's

00:18:01.880 --> 00:18:06.660
a form of marketing. As you talk about what you

00:18:06.660 --> 00:18:09.240
are building, people get interested in it. And

00:18:09.240 --> 00:18:12.299
then if you do that right, and this is what we

00:18:12.299 --> 00:18:13.880
did with Freelance Writers, then literally the

00:18:13.880 --> 00:18:16.119
launch week is like... That thing we've been

00:18:16.119 --> 00:18:18.660
talking about together that you said you were

00:18:18.660 --> 00:18:21.000
interested in, it's open now and you can join

00:18:21.000 --> 00:18:25.380
it. It's just not a hard sell. And that is me.

00:18:25.539 --> 00:18:29.480
That is I am not one of these. So by today, I'm

00:18:29.480 --> 00:18:32.019
going to sit here for two hours telling you why

00:18:32.019 --> 00:18:35.079
you must do it. And having to make 80 special

00:18:35.079 --> 00:18:37.000
last minute. Oh, if you do it right now, you

00:18:37.000 --> 00:18:40.019
know, just the hard sell. It's not for me, you

00:18:40.019 --> 00:18:43.700
know. So, I mean, my vision is to help more people

00:18:43.700 --> 00:18:48.019
do that. kind of launch where it's more organic

00:18:48.019 --> 00:18:51.619
and you kind of coalesce the community before

00:18:51.619 --> 00:18:55.940
you open the doors and then you know the reason

00:18:55.940 --> 00:18:58.279
you can sell the community is because a lot of

00:18:58.279 --> 00:19:01.559
the value is all the other people in the community

00:19:01.559 --> 00:19:04.519
and not you you don't necessarily run around

00:19:04.519 --> 00:19:07.359
answering every question members hopefully as

00:19:07.359 --> 00:19:10.740
you pick up steam start to help each other and

00:19:10.740 --> 00:19:13.869
that's the saleable asset. That's the other,

00:19:13.910 --> 00:19:17.569
the library of trainings and events is one part.

00:19:17.650 --> 00:19:20.430
And the other big component is that community

00:19:20.430 --> 00:19:25.369
that, you know, can live on without you. So they're

00:19:25.369 --> 00:19:28.329
helping each other. It's so great. Gone are the

00:19:28.329 --> 00:19:32.250
days where solopreneur could not sell. This is

00:19:32.250 --> 00:19:37.589
all possible now. Yeah. I mean, the economics

00:19:37.589 --> 00:19:41.400
of paid community. have changed so much since

00:19:41.400 --> 00:19:45.640
my first business. I was paying 10, 12 grand

00:19:45.640 --> 00:19:50.240
a month to webmaster teams to just keep all of

00:19:50.240 --> 00:19:52.019
the forum software and affiliate software and

00:19:52.019 --> 00:19:54.700
all the plugins to WordPress talking to each

00:19:54.700 --> 00:20:00.059
other. And now I pay school $97. This is so funny.

00:20:00.119 --> 00:20:02.619
Isn't it great? And that is why investor money

00:20:02.619 --> 00:20:05.039
is pouring into paid community platforms because

00:20:05.039 --> 00:20:10.019
this is such an opportunity to operate. a business

00:20:10.019 --> 00:20:12.440
that like you say that has a lot of heart in

00:20:12.440 --> 00:20:16.119
it and passion behind it and allows you to reach

00:20:16.119 --> 00:20:19.420
a lot of people convene a community i always

00:20:19.420 --> 00:20:22.119
enjoyed the magic of helping people from all

00:20:22.119 --> 00:20:25.019
over the world you know being able to connect

00:20:25.019 --> 00:20:28.680
people from all over the world it to me this

00:20:28.680 --> 00:20:32.180
is like the good and beautiful part of the internet

00:20:32.180 --> 00:20:36.640
and and technology and how it's advanced is that

00:20:36.640 --> 00:20:40.579
ability because so many people live in a circumstance

00:20:40.579 --> 00:20:43.440
in a place in a small town where the thing they're

00:20:43.440 --> 00:20:45.839
trying to do nobody gets them nobody understands

00:20:45.839 --> 00:20:48.279
what they're doing you know in freelance writers

00:20:48.279 --> 00:20:50.880
and people were always coming in and going people

00:20:50.880 --> 00:20:54.980
who understand I live in this small town and

00:20:54.980 --> 00:20:57.079
people just keep asking me when I'll get a job

00:20:57.079 --> 00:21:00.960
and I feel so alone and and they find their people

00:21:00.960 --> 00:21:04.339
and as we all know the feeling of community is

00:21:04.339 --> 00:21:08.960
kind of in short supply these days in a lot of

00:21:08.960 --> 00:21:14.440
ways. And it's so beautiful to give people those

00:21:14.440 --> 00:21:16.819
connections. That is. It's not something we can

00:21:16.819 --> 00:21:18.839
get in our everyday life. If you were to survey

00:21:18.839 --> 00:21:21.559
your neighbors, you know. Yeah, not every community

00:21:21.559 --> 00:21:25.720
is best convened in person. There are things

00:21:25.720 --> 00:21:28.240
that actually work really well online across

00:21:28.240 --> 00:21:31.759
geographies. And I just consider that kind of

00:21:31.759 --> 00:21:35.200
a magical way to make a living. it is i mean

00:21:35.200 --> 00:21:37.119
it's like spreading love throughout the world

00:21:37.119 --> 00:21:39.160
i mean not to sound too frou -frou and connection

00:21:39.160 --> 00:21:43.440
and connection yeah real you know real friends

00:21:43.440 --> 00:21:47.019
from all over the place yes that's amazing yes

00:21:47.019 --> 00:21:50.039
some of my people i visited told me that they

00:21:50.039 --> 00:21:52.579
they still call their den accountability buddy

00:21:52.579 --> 00:21:55.400
oh this is like you know got to be five ten years

00:21:55.400 --> 00:22:00.440
from now right ago so that's amazing yeah that's

00:22:00.440 --> 00:22:02.900
something Yeah. So it's like you don't just give

00:22:02.900 --> 00:22:05.400
people a gift of knowledge and peer support,

00:22:05.579 --> 00:22:10.200
but like new friends and and connections that

00:22:10.200 --> 00:22:13.440
are really deep. You know, I think that's we

00:22:13.440 --> 00:22:16.519
all need more of that. I think that's really

00:22:16.519 --> 00:22:19.440
awesome. I'm glad that you're doing this. Thanks.

00:22:20.259 --> 00:22:23.359
I'm kind of excited and happy to be doing it.

00:22:23.420 --> 00:22:27.119
It's sort of all a little unexpected that I launch

00:22:27.119 --> 00:22:31.539
a new business at age 65. It's feeling really

00:22:31.539 --> 00:22:34.140
good. It's feeling like what I'm supposed to

00:22:34.140 --> 00:22:36.619
be doing, you know? So cool. And what else are

00:22:36.619 --> 00:22:38.180
you going to do? You probably got 30, 40 more

00:22:38.180 --> 00:22:42.059
years. So I do come from a very long lived family.

00:22:42.180 --> 00:22:45.000
So that is a factor. You know, I do have another

00:22:45.000 --> 00:22:47.119
side to my life where I go straight books, but

00:22:47.119 --> 00:22:52.180
I can't scale that. Right. That's very, very

00:22:52.180 --> 00:22:55.700
one to one. And yeah, having a business you can

00:22:55.700 --> 00:22:58.680
scale in this way off your expertise to me is

00:22:58.680 --> 00:23:03.900
just. It was an irresistible opportunity to continue

00:23:03.900 --> 00:23:07.640
to be helpful in the world. And I'm glad that

00:23:07.640 --> 00:23:09.480
you noticed it and you jumped on it. You didn't

00:23:09.480 --> 00:23:12.920
just go, you know, not for me. I've got to play

00:23:12.920 --> 00:23:15.539
golf. Thank you for being here today. I'm really

00:23:15.539 --> 00:23:17.519
happy that you tuned in to Vision Pros Live.

00:23:17.720 --> 00:23:20.119
I'm looking forward to seeing your reactions

00:23:20.119 --> 00:23:22.759
as these episodes continue to move forward. This

00:23:22.759 --> 00:23:24.660
is going to get more and more fun. We'll have

00:23:24.660 --> 00:23:26.480
more and more engagement as well. We'll invite

00:23:26.480 --> 00:23:28.880
people to participate in the show. And thank

00:23:28.880 --> 00:23:30.859
you for giving us your time and attention. Have

00:23:30.859 --> 00:23:33.500
an excellent time building out your vision and

00:23:33.500 --> 00:23:34.599
becoming a vision pro yourself.
