Mighty Networks was built in 2017 by American entrepreneur Gina Bianchini. Mighty Networks is venture-backed and has raised over $50 million from investors in its Series B.
What is Mighty Networks?
Mighty Networks is an ecommerce platform for creators and brands to sell products, like communities, memberships, events, and online courses. The product offers native mobile apps to build your community and increase member engagement.
How does Mighty Networks work?
Mighty Networks works as a platform that hosts your community, courses, and memberships in one place. This tool makes it easier to host engaging communities by providing spaces for members to chat about different topics, live streaming, and other interactive features. The platform is community-first, so you can build a community that actually engages with each other. Users will be able to respond to polls and direct messages on the platform.
As a seller, you’ll charge members a fee for the paid membership, course, or community you’ve built. Students or members will pay a recurring fee or a membership fee to remain in the group.
What you need to know about selling on Mighty Networks
Selling on Mighty Networks isn’t affordable compared to Mighty Networks alternatives. There are no free plans on the platform. Their lowest-tier plan costs $79 per month, and their highest-tier plan costs $354 per month. Each tier plan offers additional features, so that means you won’t be able to access all features unless you’re on the most expensive plan. In addition, they also charge up to a 3% transaction fee for every sale you land.
This ecommerce platform doesn’t offer every product type that someone with a community or course would want to sell. For example, you can’t sell physical products or digital downloads on this platform. If you’re a course creator teaching mindfulness, you wouldn’t be able to sell gratitude journals to your customers or audio meditations for members to listen to.
Mighty Networks also has a complex interface that some users find overwhelming or difficult to navigate. The user interface isn’t intuitive or easy to use for new users. You’ll find yourself watching tutorials a lot to figure things out, which can eat up time you could be spending promoting your products.
This platform also isn’t the best platform for building a brand on. You’ll have fewer customization options than competing products. The platform isn’t a website builder; you can’t sell these products on your own website using the tool’s functionality. Thus, you’ll have less branding flexibility when using Mighty Networks.
Mighty Networks offers a range of integrations you can use to do more with the platform, including Zoom, Zapier, Kit, and more. While this can allow you to do more, it can also drastically increase the costs of running your business on the platform. Many tools offer these features built in, so you can pay for only one platform that does everything. Once you move into integrations or apps, the cost ends up bloating and you earn even less per sale.
Is Mighty Networks the best platform to sell products?
No, Mighty Networks isn’t the best platform to sell products; Payhip is. Payhip allows you to sell a greater range of products, such as courses, memberships, software, physical products, coaching, and digital downloads for no subscription fee. You’ll only pay a 5% transaction fee per sale, allowing you to pocket more of your earnings. To start selling products online, sign up for free.