Leveraging Your Time
In the typical business environment you serve one person at a time. As a membership Web site owner you can serve hundreds of people in a single moment, and all of them will pay your generously for your expertise.
Exceptional Profit Margins
A typical retail store owner pays wholesale prices for their merchandise, and then marks the products up 100%. Half of their gross income covers the cost of the product, and 25% more goes to retail space and employee salaries. If you are lucky you will get to keep 25%.
The cost associated with a membership Web site, after the initial set up, will be minimal. The only essential on going costs you have will be your time in creating your content, credit card processing and Web site hosting and domain name fees.
If you would like to keep start-up costs low you can use article marketing as a way to generate leads, and membership website templates and software.
Practically Passive Income
In the beginning you will put forth a strong initial effort to build your membership Web site. You will spend countless hours defining your niche, building your website, writing your content, and attracting your members. For all this work you will make less than minimum wage for your effort. However, membership Web sites have a way of snowballing, and the tables will soon be turned. A few years down the road you will spend more time at the beach or on a cruise, than you do managing your Web site.
When your website is established you will not have to be concerned about attracting new clients every month. Instead, you will spend these days enjoying the fruits of your labor, spending time at the beach or on a cruise. Maintenance of your Web site will be limited to adding an article or two each week to keep your content current, and addressing the questions and concerns of your members.
Are you ready to turn your talents into a highly profitable membership website? If so here are a few link to get you headed in the right direction.
Recommended Reading
Developing a Business Plan | Your Market
How to Choose an Unforgettable Domain Name
7 Steps to Create a Profitable Membership Website
What is a Marketing Funnel & What Should Yours Look Like?
7 Winning Membership Website Models
Collecting Subscription Membership Fees
Recommended Membership Management Systems
AMember - A popular choice for membership site management
WishList Member - A WordPress blog plugin with impressive flexibility
Wild Apricot - An all-in-one subscription service
Published by Andy Fling
Andy is an educator living with his wife Tricia in Arizona. View profile
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