Partner brief Confidential 21 Aug 2026

The Change

A two-day online menopause summit, the product that monetises it, and what the model returns at scale.

01

The gap

US women 45–6556MThe transition window
In active perimenopause25MRight now
Treated for menopause2.1M5% of the age group
Category value$17.8BAnd growing

Three quarters of women in menopause are not treated.

Not undiagnosed. Symptomatic, aware, and not receiving care. Most primary care physicians receive very little menopause training, which is a curriculum problem rather than a scandal, and it means the burden of the conversation lands on the patient.

The gap is not information. Free information is abundant and the category is saturated with it. The gap is access and advocacy: finding a clinician who has actually trained in this, and knowing what to ask inside a twelve-minute appointment.

Why that matters commercially

The gap is non-clinical, which means it can be served by a publisher rather than a provider. That is the whole business, and it is the reason a host without a medical credential is the right person to build it.

02

Who is buying

Forty-two to fifty-eight. Working, often senior, frequently managing a household and ageing parents at the same time. Something changed two or three years ago and has been getting worse: sleep, memory, temper, joints, weight, libido, or all of them at once.

She has already done the research. She has read the articles, watched the videos, taken the quizzes and probably follows two or three menopause accounts. She is information-rich and treatment-poor.

She has usually raised it with a doctor at least once and left with less than she hoped for. That appointment is the emotional centre of this market, and almost nobody is selling into it.

What this means for creative

She does not need to be convinced that menopause is real or that it is affecting her. Persuasion is not the job. The job is being specific enough that she believes we know something she does not. That is why the summit leads with clinicians and not with a host.

03

The format

Two days, online, 24 sessions across 12 clinicians. Free to register, free to watch live in a 48-hour window, then the replays close. Live three or four times a year with an evergreen replay funnel in between.

Amy Simon hosts. Twenty years as a television host and spokesperson. She convenes, frames and asks the question the audience is thinking. She is not a clinician, does not present as one, and gives no medical guidance at any point. The speakers carry the medicine; she carries the room.

Compliance posture

No outcome claims anywhere. No diagnosis, no hormone or dosage recommendations, no supplement claims. Every speaker is introduced with credentials and affiliation, and commercial interests are disclosed on screen. Advertising is framed at the category, never at the reader, because health status is a protected attribute under Meta's 2026 rules.

04

The offer

Everything below is non-clinical by design. The speakers carry the medicine. What we sell is access, organisation and preparation, which is exactly what the untreated three quarters are missing.

PositionProductPriceJob
FreeSummit registration48 hours of live access$0The audience
CoreAll-Access PassRecordings plus the four tools below$147The revenue
BumpMembership, 7-day trialA single yes or no, never a menu$0 then $29/moThe compounding asset
Upsell 1The Advocacy IntensiveThe appointment system in depth, plus provider matching$197Solves what the pass creates
DownsellAppointment Kit standalone$67Lighter vehicle, same desire
Upsell 2Annual membership plus both courses$497Converts recurring into cash
Back endGroup programme, 12 weeksNon-clinical. Capacity-limited by design$2,500Never the engine
PartnerTelehealth, labs and provider referralsrev sharePotentially the largest line

Inside the $147 pass

The summit creates a specific problem, and the pass is built to solve exactly it: she has heard twelve clinicians say forty things and has no idea what to do on Monday.

#ComponentWhy it earns the price
1All 24 sessions, permanentlyVideo, audio, searchable transcriptsAudio because she listens while walking. Transcripts because she searches one phrase at 2am
2Symptom-to-Session Index60-plus symptoms mapped to the exact session and timestamp. She never watches 20 hours, she watches the 11 minutes about her thing
3The Appointment KitHow to find a clinician with real menopause training, what to bring, the questions that work in 12 minutes, what to do when dismissed
4Twelve speaker bonusesOne asset from each clinician. Stacking speaker bonuses is the highest-leverage lever on pass conversion
5The 90-Day TrackerShe walks into the next appointment with data instead of adjectives
6The ExplainerTwo pages for a husband, an adult child or a manager
7Provider directoryMenopause-certified clinicians, searchable. Also the natural home of the referral relationship
Why items 2, 3 and 5 matter more than the recordings

They are what make this a product rather than a video library, and they are what makes $147 defensible without a single medical claim. Anyone can sell recordings. Almost nobody is selling the bridge between watching and being treated.

One decision beyond the purchase, ever: the pass, plus a yes or no on the membership trial. The order form asks nothing else.

05

The model

The Change funnel model Paid traffic and speaker lists drive free summit registration. The summit leads to the All-Access Pass at 147 dollars, which is the revenue engine, then to the Advocacy Intensive at 197 and the annual bundle at 497. The pass also carries a membership bump at 29 a month, which feeds telehealth referrals, and the annual bundle feeds a group programme at 2,500 dollars. ACQUIRE CONVERT ASCEND Paid social plus speaker lists Free registration the audience Two-day summit 12 clinicians Pass $147 THE ENGINE Intensive $197 advocacy Annual $497 plus both courses Membership $29 a month Referrals telehealth, labs Group $2,500 capacity-limited bump
Editable version in FigJam: The Change funnel model
The one thing to take from this diagram

The All-Access Pass is the business. It produces roughly seven times what the high-ticket programme does. Every instinct carried over from a coaching funnel is wrong here, and that inversion is precisely why a host without a medical credential can build it: the item that makes the money requires none.

The pass exists because the summit creates a specific problem. She has just heard twelve clinicians say forty things and has no idea what to do on Monday. Twenty hours of excellent content is not a plan. The pass is the layer between information and treatment: every session permanently, a symptom-to-session index, an appointment kit, twelve speaker bonuses and a ninety-day tracker.

06

What a registrant is worth

The cleanest way to hold this business in your head. Everything reduces to one question: what can we afford to pay for a woman to register?

ScenarioRevenue per registrantMax CPL we can payActual CPLMargin per registrant
Conservative$6.93$4.32$7.00($2.67)
Base$12.13$9.01$5.00$4.01
Optimistic$20.03$16.08$5.00$11.08
The whole business in one sentence

In the base case we can pay up to $9.01 for a registration and still break even. If real CPL lands at $5 we make four dollars a head at any volume we can buy. If it lands above nine, nothing else in this document matters.

07

Economics at 100,000 registrants a month

ConservativeBase (live)Optimistic
CPL / pass conversion$7 / 3%$5 / 5%$5 / 7%
All-access pass$381,000$735,000$1,379,000
Bump and course upsell$99,030$165,050$231,070
Group programme$103,125$103,125$103,125
Membership$50,000$50,000$50,000
Partner and affiliate$40,000$100,000$180,000
Sponsorship$20,000$60,000$60,000
Revenue$693,155$1,213,175$2,003,195
Ad spend($700,000)($500,000)($500,000)
All other cost($260,532)($311,814)($395,477)
Net($267,377)
Net$401,361$1,107,718

The blended year, which is the number to plan against

A live summit cannot run monthly. Speakers will not re-record and the audience depletes. Three or four live events a year with evergreen replays between, and evergreen converts at roughly 60 to 70% of live.

MonthsNet eachTotal
Live summit months3$401,361$1,204,083
Evergreen months9$103,232$929,088
Year one at full volume12$2,133,171

Roughly $12.6M revenue and $2.1M net, about $178,000 a month blended. Not $400,000. Anyone quoting the live-month figure as a run rate is quoting a peak.

08

What breaks it

CPLPass 3%Pass 5%Pass 7%
$5+$85K+$401K+$1,108K
$6($15K)+$301K+$1,008K
$7($267K)+$201K+$908K
Two numbers, and everything else is rounding

Registrant CPL and pass conversion. At $7 and 3% the model loses a quarter of a million dollars a month. At $5 and 5% it makes four hundred thousand. Same traffic, same product, same team.

100,000 a month is probably above the efficient frontier. Half a million dollars a month against women 45 to 60 on Meta is a large share of that inventory and CPL climbs as you take more of it. Ramp 30K, then 60K, then toward 100K, watching CPL at each step.

The competitive reality

The category is consolidating rather than emerging. Midi Health has raised $250M, The 'Pause Life reached $43M in revenue, and its founder is now Chief AgeWell Officer at Midi. The summit format sidesteps the authority contest, because a convener is not competing with a clinician. It does not sidestep the traffic auction.

And the line deliberately under-modelled

Those same funded companies are in a customer land grab. A warm audience of 100,000 women aged 45 to 60 a month is exactly what they pay to acquire. Partner revenue is modelled at $100K a month and could plausibly be the largest line on the sheet, at close to pure margin. It should be negotiated before spend scales, not after, because partner economics determine what CPL the model can afford.

09

The first twelve months

PhaseWhat happensGate
Months 1–2Speaker recruitment and capture. Offer assets built: index, Appointment Kit, tracker. Pages finished. CPL test runs hereCPL under $9 or we stop
Month 3Summit one, live. Small paid spend, real pass conversion measured for the first timePass conversion at or above 3%
Months 4–6Evergreen replay funnel. Scale spend 30K then 60K registrants. Partner deals negotiated. Membership starts compoundingMargin per registrant holds as volume rises
Month 7Summit two, with the first summit's data behind the creative
Months 8–10Push toward 100K a month. Group programme opens. Sponsorship sold against proven audience numbersCPL at 100K volume
Months 11–12Summits three and four. Full year of data, and a real decision about year two
Each gate is a real stop

The conservative case loses $267,000 a month at full volume. That outcome is only reachable by scaling past a failed gate. The gates exist so that the worst realistic outcome is a wasted quarter rather than a wasted year.

10

Who does what

WhoOwnsDoes not own
AmyHosting, on-camera, the interviews, the brand voiceAny medical guidance, at any point, in any asset
The studioLive production, speaker capture, the edit into 24 evergreen sessions, transcripts, creative productionOffer design, traffic buying
CliqueTechOffer and funnel, pages, order forms, traffic, tracking, email, compliance reviewClinical content
SpeakersAll clinical content, presented under their own credentialsProduct pitches from the stage

The division matters legally as well as operationally. The line between a publisher and a provider is what keeps this business clean, and it holds only if the clinical content stays entirely with credentialed speakers.

11

See it

Built, live and reviewable now:

Speaker photographs on the registration page are deliberately empty labelled slots rather than stock faces, because the roster is not confirmed and inventing headshots for real clinicians would be a fabrication. Dates, timezone and speaker names are marked as placeholders for the same reason.

12

What we need from the studio

  1. Production for two days of live broadcast plus the edit into 24 evergreen sessions with transcripts. Quality here is the offer; a summit that looks cheap cannot charge $147 for its recordings.
  2. Speaker capture. Twelve clinicians, remote, scheduled around clinical practice. Assume reschedules and build the pipeline for it.
  3. Creative volume. The traffic layer needs dozens of assets a month and every one is health-compliance reviewed before it runs.
  4. A real CPL test before anything else. Five hundred registrations against women 45 to 60. That single number moves the annual model by roughly $600,000 and it can be bought this week.
Already built

The registration page and the pass sales page exist and are live for review. The market research, the product definition and the full model are documented. What does not exist is the traffic data, and that is the only thing standing between this brief and a decision.