Who here wants a Membership Site? Recurring/Passive Income...

Hey,

I just want to kind of get a feel for how many people here would want a membership site, one where you are constantly getting a monthly income from your members.

I have setup a few in my past, and then sold them to others, I was able to successfully generate $500 per month from three different membership sites.

My question on Membership Sites however is?

1) Why do you want one?

2) What is stopping you from creating or owning one?

3) Is it the programming or the Content that is stopping you?


If you could answer these questions it would be greatly appreciated.

Steve

 

you haven't earned more then 500 a month with a membership site?
just a question though.

Oh and setting up a membershipsite can be as easy as you want.
Automatic payment through paypal and your membershipsite is basically a newsletter.

I had a "membership" site just like that that brought in just a little over 2000 a month.
Had to sell it though, was in need of money.

I'm thinking of setting one up again, just haven't got around to it. Have a great promotion strategy as well

But you're basically looking if there are potential buyers for your future websites over here, or what?

greetz,
jobic

ps: also, congratcs on the 500 a month membership sites, not a lot of people actually do the work needed to achieve that.

 

Thanks for the comments...

Well They Memberships were exclusive so I had to cut them off at X amount of members, so the potential was only $500.

It was a great Unique Selling Proposition to get people to feel like they won't get in, in an hour or two.

I'm more of looking into research on why people aren't setting up memberships for a new service I'm providing.

Thank you for your participation.

 

I believe a lot of people have the idea that it's a pain in the *ss to set up a membership site, but with some of the scripts out there, or the way I put it, it's getting easier every day.

I think they also have the idea of working harder then ever to get new content for their membership sites. Too bad, since outsourcing is very doable, profitable and just a lovely lazy way to earn money And you can basically start a membership site with say 25 articles and 5 little reports (my opinion, others say 5 articles and a report is fine to start with, but I prefer to overdeliver and give a good impression )

You know, it's not just people not "daring" to start a membership site, it's just that they don't dare to take action. You see all kinds of people, hundreds if not thousands, going from forum to forum asking questions on which they already know the answer.
Answers that can be answered just by using your common sense.

But that's just one of many millions of excuses everybody can come up with, just to remain lazy and being able to complain.

One tip for everyone still looking for the "holy grail",
you already know everything you know to earn money on the internet,
there are however new traffic techniques coming out once in a while, but other then that...
You've probably read all about it

just get busy setting up your business (and automate it as much as possible)
greetz,
jobic

ps: exclusive memberships are great. Especially if they are "only 10 members" and the price is 97 a month. Great way to earn a grand extra each month and easy to stay in touch with "all" of your members.

 

Im not sure what you guys mean by membership sites.. can you elaborate?

 

He's talking about having people pay to access the articles on his site. I'm not sure I'd pay to join a site with 5 articles, and I certainly would keep paying if there wasn't a constant flow of new information, but who knows... I guess some people will buy anything.

 

with membership site I mean a site where people have to pay monthly fee for access to the content, every day/week or whatever time you put on it you add more content to the site (otherwise there'd be no point in paying for access every month, right?)

and about the 25 articles and 5 little reports (or ebooks) are just a start, that's what you can begin with, but some say you can start with just 5 articles and a report.
Which in itself is okay to do, but I prefer my own way.

I've seen membership sites add 1 article or piece of content every day, some added 1 every week and some lousy ones added 1 piece of content every month.

I added 2 reports and usually 3 - 5 articles every week, which kept my subscribers happy and it wasn't much work on my part either... 2 reports (50usd each) and 20 articles every month (I paid 7 dollars per article) that's 240 dollars of cost and as I said I had just a little over 2000 a month.

Took me 20 minutes every week to update

hope that explains a bit more for you,
greetz,
jobic

 

Jobic,

Great Responses to my thread!

 

I am a day trader. I have thought of starting a membership site based around the stock market for a while now, but I am unsure of where/how to start. I think the niche is ripe for a membership site. Let me know what you think.

 

so you're planning a membership on day trading?
I have a hunch that you at least bought (or downloaded) 2 or more ebooks or real books about that topic, right?

if so, all the content you can find in there, perfect membershipsite material.
I think this can turn out to be a great idea, you'll just have to be certain to give a great training for the newbies to day trading, great information for the more experienced and perhaps your advice on what to trade and when.

You could make a few camtasia videos and show them what you do exactly,
but don't just use the videos, put the videos into words. half an hour of video can turn into 10 pages of content (for the newbs)
for the experienced ones you can give tips, strategies that they can use.
Buy the newest books and ebooks on daytrading just to keep up on latest techniques etc
that way you can deliver them almost instantly to your members

and for the daily picks, I don't know if this is going to be doable, but it might just be the thing you need to keep your members. They log on and see which ones you recommend, they buy them, next day you say sell them, they sell and make a profit.
now THAT would make it easy, even for newbs who don't know anything about it, to make a profit.

Do you think they'd cancel their membership? exactly

Just make sure not to overprice and not to cut yourself short either.

What kind of ideas did you have for your daytrading membership site?

greetz,
jobic

 

1) I have a membership site. Most people want them becuase they offer an extra income of revenue. Imagine a site that had adsense, Kontera, Paid Memberships, an Affiliate store, and spot to sell sitewides. The profit is higher, but of course a membership site is for Pro's. If you don't know SEO and can't pick a keyword and optimize it right, then it's pointless.

2) Absolutely nothing for me, but I can understand with others becuase of the price of a membership site is higher than some other type of site.

3) The programming is a joke. Give a few bucks out and you got it. Obviously this would mean that content is the problem. Why else do you see a bunch of newbie's with membership sites that have loads of Ebooks? It's becuase they can't really find anything else to offer that people would pay for (and yes, the people who pay for ebooks and think they are going to get rich quick are nuts)

 

thanks for the explanation.....interesting concept.

 

So from what I'm getting out of the thread it is the content that is the problem... not the programming aspects?

That is interesting.

 

You just need a bit of start up money so you can outsource the content-part.
Even creating your own content isn't hard to do at all.
But if you're going to create it yourself, you'll need to have an interest in the subject or you're going to get bored researching it and writing about it.
For everything you despise => outsource it

greetz,
jobic