How MentorCruise Makes Money

“This is usually the time where a mentorship makes or breaks, which is why, on MentorCruise, mentorships are free in the first week with each mentor. ... Obviously, mentorship doesn’t end after the first week (at least we hope it doesn’t) and should continue for a long while.”

Mentorcruise medium

“Other than other services, we don’t rely on sessions, paid calls, or by-the-minute billing to do so – you sign up with a flat monthly fee and have access to your mentor when you need it. We take a cut.”

Failory high

“One mistake we made early on is that we charged small prices at a one-off and weekly subscription scheme. The billing cycle was not long enough to justify staying with a mentor and things could be pretty stressful. We later raised our prices by more than double and went to a more standard monthly...”

Starter Story high

“One mistake we made early on is that we charged small prices at a one-off and weekly subscription scheme... We later raised our prices by more than double and went to a more standard monthly billing cycle, which was a game changer for retention and our revenue. This was early 2020 when we did tha...”

Starter Story high

“MentorCruise heute ca. 1500 Mentor:innen in einem Subskription Modell an Mentees auf der ganzen Welt.”

Podigee high

“from the beginning, we've done a much more loose model where you have subscription packages...these days we have more specific packages and it's something like, you could have four calls or two calls per month, and then you have a chat with that mentor as well, stuff like that for a specific pric...”

Transistor high

“we've been doing the mentorship subscriptions for a long while, which obviously is the main thing that we do.”

Spotify high

“Move to a low-cost, monthly mentoring subscription. No lock-ins, no hidden fees – Just accelerated professional growth.”

Mentorcruise high

“When we talk about revenue, we only talk about our cut. The volume of the whole marketplace currently sits at around $40,000 per month.”

Failory high

“Currently, we’re making around $24,000 per month in commissions and we’re processing north of $120,000 every month for our mentors.”

Starter Story high

“Currently, we’re making around $24,000 per month in commissions and we’re processing north of $120,000 every month for our mentors.”

Starter Story high

“I just told them, Hey, I have this mentorship platform planned. ... It would really be cool if you joined this because I think a lot of people in your audience would appreciate you being open to mentorship. ... I was trying to make them money.”

Transistor medium