Simple Strategies To Make More Money With Membership Sites
What is a membership site?
A membership site provides information or services to those users who register and pay to become a member. Some membership sites charge their members on a month to month basis, while other have a one time fee. Once someone becomes a member, depending on the owner's configuration, they are automatically billed each month. Those who sign up to become members have access to member's only information, benefits or discounts provided by the site owner ..
Information Strategy
If you have information about a certain subject there are different ways you can go about launching a membership website and making extra money from that knowledge. You can set up a blog type of website where people can subscribe, for a fee, to receive advanced content from your website.
You can also set up an informative website where members have a way to contribute with their own knowledge of the chosen subject. This reinforces the sense of belonging which increases the retention.
You don't have to be a constant presence either. Simply let your members know that you will be available X amount of times monthly or weekly from say 12pm to 2 pm to answer questions... you get the idea. Another option that won't require a set time commitment of you is to create a forum where you can log in and out to help members as you can.
If you are not an expert but intend to learn about a particular subject, acquire a certain skill or even learn how to play the piano, you can become a spoke person for people who have the same interest. Contact a few experts in your field of interest, record keynote and make it available in your website.
Exclusive Benefits
Offer more information of your services to members at a reduced price. For instance, if you have a fellow business owner who sells a product your members would find useful, ask if you can set up a special discount for your members only. Most business owners will accept since there's no upfront cost for them.
Do you offer a service or know someone who does? Again offer your members a discount created specifically for them.
Affiliate Programs
Affiliate programs are another way to generate revenue from membership sites. If you promote products as an affiliate, be sure to include those promotions in emails and posts to your members. As with the previous money-making option, you might even be able to set up a discount just for being a member or give them an added bonus of your own when they purchase through your affiliate link.
If decide to add affiliate offers to your website, make certain the information you're offering is related to your main subject and valuable to its members.
Once you have decided which direction you want to take, you need the right tools. There is vast information available on how to start a membership site all the way to professional hosted applications. Sites like iLearn Online Marketing or My Membership Empire have vast training courses, membership site blueprints and materials.
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