Membership Sites - 3 More Reasons Why Membership Sites Fail
Monday, March 12, 2012 1:55:59 PM
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Membership websites are one of many hottest Internet business versions today, since there are several advantages to starting one. Here are the top three advantages to beginning a membership website that are sure to get your creative and entrepreneurial juices flowing.
Gain # 1:
Steady Mode of Income
The first advantage-a steady stream of income-is also the most used reason for starting some sort of membership website. Many would-be Internet entrepreneurs search for business models that will bring them a steady mode of income, eventually updating their full-time jobs once and for all.
A membership website could be the answer to those prayers.
Subscriptions to membership websites are frequently set up for specified numbers of time: a month, quarter or year. During this time, you will have consistent income for the duration of each subscription's term.
For instance, let's say you cost $14. 95 per month for access to your membership website and get 250 subscribers, who continue their subscriptions on an entire year. That results in a whopping $44, 850, which is more than a lot of people's annual incomes and just enough to kiss that will dead-end job good-bye!
Keep your content fresh and interesting, and you will have created a gradual stream of income for as long as your customers are content with their memberships.
Gain # 2:
Low-Start In place Costs
Another significant advantage to commencing a membership website is usually its low start-up costs. Most people that need an additional stream of steady income are this because their current income is limited. Because membership websites require a low initial investment, they are perfect for would-be entrepreneurs with limited funds.
To start out your membership website you need a website design or template, website hosting, content management software, content, or membership software, which has everything you need, except content.
Membership websites are low-cost investments since you also can do most of the work. If you're a skilled freelance web designer or writer-or are willing to learn-you can eliminate those costs. Also, website organizing services are minimal, some as low a $5. 00 per month.
However, if this is your first Internet-based business, you may want in the beginning membership software, which provides everything you need in a tight bit of package. A good membership software package will have the following:
· WYSIWYG (what you see is what the user gets) web design software
· Content Management
· Membership Management
· Payment Processing (including bank plastic)
Using membership software streamlines the set-up process and will allow you to start earning money quicker.
Advantage # 3:
High-Profit Margin
The third advantage to starting a membership advantage is a combination of numbers an individual and two:
Subscriptions -- Expenses = High-profit margin
Regular membership websites can yield high profit margins, even if you're just beginning your membership website and only have a few members.
For example, let's say you only have 50 members during the first three months when your launch at $20. 00 30 days. That's a $1000 per month. Now, deduct your doing work expenses: $150. 00 every month for website hosting and membership software subscription. When expenses, you're still left with a nice $750. membership site scripts
