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Having a successful member
only, paid membership site is one of the best ways to make
money online. A successful membership site can give you
the steady income of a CEO ….but without the job!
For example if you had just
200 people paying you just $20 a month, you would have a
steady cash flow of $4000/month, month after month, rain
or shine. Many people accomplish this the first month or
two their site is up. But that’s just the beginning.
Some individuals have member only websites that generate
5-10x that amount of money!
But before we get ahead of
ourselves, let’s discuss exactly what a member only,
paid membership site is?
Whether you call them
member only, membership, subscription, or mentor websites,
they all have one thing in common. … they are bringing
in steady, recurring cash flow for their owners, month
after month, from a few hundred dollars to tens of
thousands of dollars with an endless variety of topics.
Some of these sites provide
mentoring or coaching, others contain useful articles or
information in a particular field or product. Still others
publish the results of tests and studies or product
reviews. Finally some membership sites provide specialized
service or act as a meeting place for people with a common
interest.
But all these sites have
one thing in common: to access the website (or the best
information on the site) you have to pay for it!
Why Would People Pay for
Information on the Internet?
The key to getting people
to pay for access to a website, is to provide specialized
information/coaching/data/service that is hard to find
anywhere else, or would be time consuming to find on your
own.
Here’s another way to
look at it:
Have you ever subscribed to
a newspaper, magazine, or newsletter? Have you ever bought
a non fiction book that gave advice on a topic you were
interested in? I’ll bet you have. I’ll also bet that
you could have found almost all of the information these
resources contained from free sources.
You paid for the
information either to save time or because you thought the
information would be better or more specialized for what
you were looking for, isn’t that correct?
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’s 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.
Choosing a Topic
This is the most critical
decision you'll have to make. Choose the right topic and
you'll have people clamoring to give you money to access
your site. Choose the wrong topic and you're doomed before
you even start.
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 other
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?
Note: If you are already a
speaker, consultant, writer, or "expert" on
almost any topic, then you are in a perfect position to
create a membership or mentor type of website which could
double or triple your income. You should start a
membership site today! In just 3-4 months, one of my
clients turned his existing expertise and client base into
a member only site that generates $40,000/month!
You wouldn’t believe some
of the unusual ideas that people have turned into
profitable paid membership websites. Topics include:
unusual business ideas, fireworks, repairing guns,
physical conditioning, marketing, specific makes and
models of cars, digital cameras, dieting, dating, tall
people, and 2nd wives clubs.
Setting Up and Running Your
Member Only Website
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 get your site set up quickly (even if you
don’t know anything about programming) and automates
almost all the administrative features. These membership
software programs can reduce your workload by 75% as
opposed to trying to do it all yourself.
Is There a Members Only
Website in Your Future?
I hope this brief article
has given you a glimpse into the tremendous potential that
could await you with your own membership website.
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 insight to start a paid membership site.
What are you waiting for?
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About
The Author
Want
more information on membership websites?
You can receive a FREE mini course by
email with more helpful information. Just
to http://memberstar.net
.
Ron Ruiz is
a product developer, marketer and
newsletter publisher. He has extensive
experience in all aspects of starting and
running a membership/subscription/coaching
website. His own membership website http://www.businessfastlane.com
has been operating for several years and
has members from over 26 countries. He has
also developed his own all in one
membership software system called
Memberstar™ which makes it easy to set
up and run a members only site.
rruiz@napanet.net |
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