Simple Steps to Start a Profitable Member Only, Subscription Web Site
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 thatís just the beginning.
Some individuals have member only websites that generate 5-10x that amount of money!
But before we get ahead of ourselves, letís 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.
Hereís 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? Iíll bet you have. Iíll 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, isnít 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 itís 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 wouldnít 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.