Membership websites are the hottest Internet business models today. A membership website allows you to create a secured Member’s Section or password protect any page or content on your website.
Membership Websites Can Make Huge Money
Have you ever heard of Lynda.com? It’s not a new business, in fact, it has been online for over 17 years, but what is new is their rate of growth that’s being driven by the evolution of the Internet as it is maturing.
They’re estimated to be doing about $200 Million per year in sales from what is essentially a $25 per month online membership website full of “how-to” videos and tutorials.
There’s absolutely no reason YOU couldn’t create a similar business. Whether it competes in the markets they are in or not. There is a TON of money to be made in the online information marketing space, and things are only in their infancy right now.
Top 3 Advantages of Membership Websites
Starting membership websites is sure to get your creative and entrepreneurial juices flowing.
1. Steady Stream of Income
The first advantage is creating a steady stream of income, eventually replacing a person’s full-time jobs altogether.
Subscriptions to membership websites are usually set up for specified amounts of time, a month, quarter or year.
For example, let’s say, you charge $14.95 per month for access to your membership website and have 250 subscribers. If all of those people continue their subscriptions for an entire year that adds up to a whopping $44,850. That is more than a lot of people’s annual incomes and just enough to kiss that dead-end job goodbye!
Keep your content fresh and interesting. You would have created a steady stream of income for as long as your customers are satisfied with their memberships.
2. Low Start-Up Costs
Another advantage to starting membership websites is their low start-up costs. Your WordPress website has the capability to be turned into a full-scale membership website with an installation of a membership plugin and membership website supportive theme.
A WordPress membership plugin allows you to create a secured Member’s Section or password protect any page or content on your website.
Visitors have to register and login with an Email and Password before they can access or view your member pages.
Until a visitor logs in, your password protected page’s content will not show.
You have the choice of setting this up two different ways:
You can choose to allow anyone who provides their name and email immediate access into the password protected section.
You can choose to approve visitors before they are allowed your members’ section or view your password protected pages.
Besides, you can create a revenue stream by charging your visitors a membership fee. You can have payments made through a merchant credit card account, PayPal, or cheque.
3. High-Profit Margin
The third advantage is high-profit margins. Even if you’re just beginning and your membership website only has a few subscribers it’s all profit outside of the time you’ve put into getting them and creating your content.
For example, let’s say you only have 50 members during the first three months after your launch at $20 a month. That’s a $1000 per month.
Plus, with membership websites your income potential is unlimited. You can earn, as much or as little as you like, depending on how much time you’d like to devote to your site.No tags for this post.