How to create and run a profitable membership site – Part 1
Having a successful paid membership site on the Internet is one of the most promising and high-paying businesses that you can have in your life. An excellent membership site can give you a steady income of a CEO, but without the hassle and stress of being one.
Just to give you a brief income example, if you have a total of 500 people subscribing to your site and paying you a monthly fee of $10, then you can have a total steady cash flow of $5,000 monthly. You are going to get money in fees month after month, rain or shine.
Many people accomplish this kind of earning during the first two to three months of their business. But that is just the beginning. Some individuals have profitable membership sites that can generate a profit ten times larger than this one.
But before going into the numbers, let us first discuss what a membership site is, specifically, a paid membership site.
Whatever you call this business, may it be a member-only membership, subscription, or mentor website, they all have one thing in common: they are bringing a steady flow of profit into your bank account, from a few hundred dollars to tens of thousand of dollars with an endless variety of topics.
The more number of subscribers you have the more income you will be getting.
Some of these paid membership sites provide mentoring or coaching, others contain useful articles or information in a particular field or product. But others still publish the results of tests and studies or product reviews.
Finally, some membership sites provide a specialized service or act as a meeting place for people with a common interest.
But all these websites have one thing in common: you have to pay for the information you will get from them.
But the big question is, why should people pay to receive content or information on the Internet. The key to getting people to subscribe to your membership site is to provide specialized information, coaching, services or data that is hard to find anywhere or would take a great deal of time to find on your own.
Let me ask you, have you ever bought a newspaper or a magazine so that you could see and read something special? Have you ever bought a non-fiction book that gave advice on a topic you were interested in?
Ill bet you did, just like everybody else.
You paid for something, particularly a reading material or a service, to save time or to improve something that you have.
Just a few short years ago, it was almost unheard of to charge for access to a website and almost no one was doing it. Today, it is not only much more acceptable, but there are still relatively few membership websites. This makes it the perfect time to start your own member-only site, since there is still little competition.
The most critical process in membership sites is choosing a specific topic that will encourage people to pay money for information on it.
The first place to look for potential topics should be within your own world. The list of potential topics could come from your interests, hobbies, vocation, business training, or even your location.
Find a topic that you are passionate about and the odds are that enough people are also passionate about the topic to make it a successful membership site. Since you are going to be spending time building and maintaining your membership site, why not choose a topic that you enjoy and know about?
You wouldnt believe some of the unusual ideas that people have turned into profitable paid membership websites. Topics include unusual business ideas, fireworks, repairing guns, dieting, dating, tall people, and even an outrageous 2nd wives club.
Finally, there are many tools to help you build and maintain your member-only website. At the most basic level, you can do much of the website creation yourself and use 3rd party services to help you with the administration.
However, a quicker and even better way is to use one of the new all-in-one membership management software systems that helps you set up your site quickly and automates almost all of the administrative features. This can be a very good thing, especially if you dont know anything about programming.
All over the world, people are earning large sums of money online on a regular predictable basis from the comfort of home because they had the foresight to start a paid membership site. So start yours today and stop wasting your time.