Physical-Digital Marketing Hybrid
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Chief is a community-based business focused on senior executive women, combining physical and digital elements to create a premium professional network. The model leverages company sponsorship and a vetted membership approach to drive growth and engagement.
Core Business Model:
- Membership costs $5,000-8,000 annually
- Companies typically sponsor their executives' memberships
- Close to 15,000 members with a 60,000 person waitlist
- Revenue estimated between $60-100M annually
Key Components:
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Core Groups:
- Groups of 10 executives meeting monthly
- Facilitated by executive coaches
- Focused on peer support and leadership development
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Physical-Digital Hybrid:
- Started with physical clubhouses in 3 cities
- Shifted to primarily virtual during pandemic
- Uses physical spaces to establish brand presence
- Digital platform enables broader reach and engagement
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Community Platform:
- Started on Slack, moved to proprietary platform
- Built-in utilities drive regular engagement
- Features include hiring resources, professional networking
- Monthly core meetings create consistent touchpoints
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Brand Strategy:
- Intentionally minimal social media presence
- Focus on being "vetted" rather than "exclusive"
- Limited public presence creates natural FOMO
- Positions as premium alternative to traditional women's professional networks
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Revenue Model:
- B2C2B approach: Members secure company sponsorship
- High renewal rates due to company investment
- Expanding direct company relationships
- Focused on senior executive level (VP and above)
11:36 - 12:15
Full video: 52:22CC
Carolyn Childers
Co-founder and CEO of Chief, a private network for women leaders. Leverages background in business and leadership to empower professional women through community building. Featured on business podcasts, including My First Million, to share insights on entrepreneurship and women's leadership.