There are literally thousands of ways to make money online, which is why most people fail to do so, jumping from one model to the next. Taking the methodical approach and sticking to one strategy can reap massive rewards.
Take the subscription based membership model, for example, a solid business model as you can get, where members pay you a monthly fee for access to a private area where they can access you information. This could be in the form of articles, reports, audios, videos, teleseminars, downloads, software and more.
Even a low cost membership at $9.97 a month only needs 300 members to generate $3k a month. At a more average $19.95 a month you’re looking at a monthly income of nearly $6k.
Setting up a membership website has got a lot easier and I touched on recurring income earlier post on affiliate strategies, but once the initial work of setting up your membership site is done it’s just a case of adding and updating the content. Even this, in my book, can be a time resource hog, but more on that in a second.
Let’s look at the steps to put together a successful membership website.
Choose a market. This is critical. You should look for a market you’re going to enjoy working in as well as a market people spend money in. People spend money where they are passionate. Markets like sports, pets, business, and hobbies all make hot markets to launch a membership website
Test the market. Visit forums and chat rooms and ask people if they know of any good websites that offer up-to-date information.
Use your research from Step 2 to develop a rough outline of what your website will offer your members
Write a sales letter and have the graphics professionally designed. If you can’t do this yourself, hire a freelancer from elance.com or guru.com
Set up the membership software to run the site.
Populate the site with your content
Market your site and let the cash flow begin.
7 simple steps and you’ve got a membership website that will generate a solid monthly cash flow for you. Each step takes some effort and energy, but you can have your first membership website completely set up and running in less than a month. Then you can repeat the process as many times as you like to increase your membership portfolio and your monthly income.
Back to what I was saying before – what about all that monthly updating? If you have a portfolio of membership sites that could be a lot of work.
Well the solution to that is to have a membership site that is updated for you, every month, so all you have to worry about is promotion and marketing to keep the numbers (and your income) up and growing.
For 7 days, you can bypass the whole membership website creation process. You can get your complete membership website, ready to upload to your server right now. Terry Telford and Edwin Ryan are having a 7 day only sale and you can read all the details over there. Highly recommended!