What is a Membership Site
Of course, people always ask, ‘What is a Membership Site’?
We already know that it’s the best business model for passive recurring income… once all the content is set up, there’s no more work to be done, unless you have a forum and need to provide Q&A or support.
See, a membership site is, at the core, simply a site where one has to log in to access some protected content.
How you decide to bill people is up to you. It can be a one-time fee, monthly, annual… even free.
So, in the end, if you intend to sell pretty much any form of protected content at all, you will be doing it with a membership site.
Why have a Membership Site?
One of the factors that ensures a business enterprise is profitable and sustainable in the long run is the ability to generate revenues consistently, month after month, and preferably, without exchanging time for dollars..
It can be really frustrating in business to hit your monthly sales targets only to find that you have to start from square one again when the next month begins. Operating a business on such a model can not only be stressful, but also strenuous at times…. burnout is a huge consequence.
But when you begin each month having realized a substantial share of your revenue targets and the knowledge of how much income your business is likely to generate each month, it frees up some time and energy for innovation and growth, and even maybe some relaxation or vacation time! It also creates a less hectic working environment for both you and your employees.
For many businesses, the goal is creating recurring revenue… a subscription/membership model generates revenue over the long run.
Many businesses like jobs, dating, traveling, and consumer goods use subscription models. Fortunately, you can follow their example to create a membership site that works for your business or line of expertise, or even just your hobby/passion.
A Membership Site is a good option for you if:
You’re willing to commit to provide value to your members on an ongoing basis…
Your niche is broad enough to let you create unlimited amount of content…
You’re willing to invest time and effort in building a strong community for your membership…
You have prior experience of selling digital products…
Get Cynthia’s Free Report on ‘How To Start a Membership Site in 48 Hours or Less’:
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When You Go To Build One, These Questions Will Inevitably Come Up
How do you plan out what goes inside your membership site?
Should your membership site be on a different domain?
What membership software should you use?
What about themes? Payment systems? Communities?
How do you determine what prices to charge?
How can you increase sales?
What “levers” can you pull to increase revenue each month and automate your sales funnels?
What happens AFTER a member joins?
How can you keep members from cancelling?
How (and what) do you measure on your membership site so you can improve it over time?
WATCH THE VIDEOS BELOW TO GET SOME ANSWERS:
Starting a membership site is a great way to start amassing recurring revenues while satisfying clients.
Whether it is access to special discounts or exclusive products, or one-on-one lessons with a professional, a well thought-out subscription program can generate money and make its members feel valued and special, while delivering clear and wanted value.
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