In each lesson of 10 Days To Membership Monetization you will learn how you can successfully start and profit from your own successful subscription site.
In this first lesson we are going to talk about some of the best reasons why you should start your own membership site.
It is a profitable fact that many successful bloggers, speakers, authors and online business owners know, membership sites are one of the best online business models that you can use!
One of my subscription sites has over 3,000 members paying $10 a month. It takes about 30 minutes a week to manage.
When it comes to setting up your own membership site there are many different options available, so there’s no reason why you shouldn’t make them a part of your Internet marketing strategy. Reselling information to your market on a monthly basis has many benefits including:
A monthly recurring income.
This is one of the most popular benefits of starting a membership site.
When you build a membership site you’ll have 100, 200 or even 500 members paying you on a monthly basis for your information. Imagine the possibilities! With a $15 monthly membership fee, you could be looking at a $7500 a month just for one site. If you provide more content and charge a higher price for your membership site, you could be earning well over six figures a year for your site.
Having affiliates promote for you.
Affiliates love membership sites. If they have a choice between recurring monthly income and a one-time ebook sale in the same niche, they are going to spend their time promoting the membership site. They are looking for the same type of recurring income that you are. You can easily set up your affiliate program through Clickbank, 2checkout or Barefootcart.com. Promote your affiliate program to your members and super affiliates to get more sales.
Dominating your niche.
No other platform allows you to have widespread coverage on a niche the way that a membership site does. Within the gates of your membership site, you can offer a wide variety of content. In addition to articles and short reports, you can do teleconferences, videos and interviews.
A subscription site is also a great way to brand yourself and as expert or authority in your market.
Plenty of backend sales opportunities.
The income from a membership site doesn’t stop with the monthly membership fees. There are plenty of opportunities to make additional income from your site. You can sell private tutoring, advanced products and platinum memberships. You can also repackage part of the content used in your membership site and sell it as an independent products.
You can sell advertising as well to boost the profitability of your membership site.
Easier than you may think!
It has never been easier to run a membership site, especially if you don’t have any technical expertise. It used to be that you would need the help of a web programmer to get a membership site set up properly. Not anymore!
Thanks to easy to use content management systems like WordPress and membership site plugins like Wishlist Member that will make security easy, you can have your membership site set up within a matter of hours.
In the next lesson, we are going to go over a handy checklist that you can use to set up your membership site.
I also want let you know that if you have any questions or need any assistance please feel free to make a comment below. I will be glad to help you in any way I can.
Thank you again for joining me for this short course.
Live Your Mission,
Paul
On a recent mastermind call our team was discussing strengths. After mentioning a few, someone said, “Paul, don’t forget your strength in creating continuity income.”
Honestly, I had not thought about it. Maybe because of how easy it is to set up the sites. I use Wishlist member for 90% of my membership sites and it’s super simple to use!
In fact, I just watched a great video Stu McLaren put together on “membership models”.
You can watch the whole session here:
It outlines 10 of the most popular kinds of membership sites (and some of them don’t even have content inside!).
Just thought you might like it.
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