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Members-only websites...The best Internet business model today.
Most Internet business websites generating income involve selling products or services. You may sell ebooks, DVD's, courses, video training, or many different types of services.
This business model forces you to continually search for new customers after you have made the initial sale. You also always continue to market to your customers who have purchased in the past to offer them more of your products. But usually, these sales are a one-time only purchase. A membership business website offers you recurring income on a monthly and yearly basis for a one-time sale. A members-only website can be about any subject. It should be targeted to a specific group of people who need information about their business, hobbies, interests, or causes they love. You could begin one for automotive sales people, home builders, retail store managers, computer buyers, hang gliders, chihuahua lovers, pilots, people who love gardening, or any other subject where people are searching for more information to make their life better or easier. Let's take a look at how a members-only site works... Let's say you offer unique, innovative, and unusual sales training geared to commission sales people. Your methods have worked for you and could really help commission salespeople in all types of sales work increase their income. You have a valuable 'information product.' You offer a twice-monthly email newsletter to your members along with access to a password-protected website crammed full of valuable free information, along with products such as ebooks, DVD courses, audios, videos, etc. for sale to your members in that particular niche. You can partner with affiliate businesses to earn money from the sale of these products in addition to your monthly membership fees. To gain access to this valuable information and products you charge a small monthly fee of $9, billed automatically to the member's credit card each month. You don't require any long-term commitments and the members can cancel at any time. Anyone can afford $9 for information that will make them more money and increase their sales skills. And they will gladly pay this small amount to increase their knowledge of their hobbies and interests. You will market to a worldwide audience. Getting back to our example, there are millions and millions of commission salespeople worldwide who want something different to help them make more money. When you reach the small members number of 750 your income will be $6750 US per month. That is a substantial income from one website. Depending on your niche, it could take a couple months, 6 months, or a year to reach 750 members. So what? You are building a REAL business with regular monthly income from a 'one-time sale.' Once you reach 750 members you know you have a good niche market with growth potential. At this point you set the monthly fee at $15 for all new members who sign up. Getting 750 more members at only $15 per month gives you a monthly income of $7500. Add that to the original $6750 and your site is generating $14,250 per month. You may think these numbers are too high and unattainable. Believe me, if you do some research you will find that $14,250 is only middle-of-the-road of what successful membership websites generate in income. This Internet business model is only now generating more publicity because the people doing this haven't wanted to saturate the market. But this model could never be saturated if your information is good. And with the powerful membership website management software on the market today 10-15 different membership websites can be run by one person on a monthly basis. What do you think of that potential? And another huge benefit of beginning, and building, a members-only website in a targeted niche of people who need your information, is that a membership site builds EQUITY. Most Internet business websites do not build much equity. But when you show potential buyers your monthly income figures you can sell your membership site outright for substantial amounts. And it can be sold easily and quickly. In my opinion, membership websites are the #1 best business model for a person with specialized knowledge that other people would want, to start a small Internet business. We all have knowledge of our jobs, hobbies, and interests that others would like to learn. Some will always know more than you, and many will always know less. You don't have to sell products for $25, $50, $100, $500, or more on an on-going basis as a one-time sale. You build your member base with small fees that anyone can easily afford. Your membership site management software package will cost you about $100-$150 per month. And this takes care of absolutely everything you need from building the actual site, marketing it, managing all functions, and getting paid. With only 20 members you are in profit. And if your information is valuable and you take the time to market, you will build your customer base very quickly. There are so many qet-rich-quick systems on the Internet today. And the majority just want your money. It's how the 'gurus' make their living. We all want to be able to work from home and really make an honest living. And it is possible if you find the right people to help you and the right business model. Sure it takes work. But a membership site can be started on a part time basis and built over time to become a REAL business for you. I'm building my own membership site now and I'm excited. And I don't get too excited about anything. I would like some opinions and comments about what you think of this Internet business model. Have I opened any eyes? Are those wheels in your mind turning? Any of you currently have a membership site? I would like to hear from you... If you're interested in finding out more about this great Internet business model you can contact me at coachdoug60@comcast.net with your questions and comments. I will personally, and privately, answer all emails.
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CoachDoug60 |
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