Friday, January 16, 2009

Why A Membership Website Can Explode Your Income

There are many different ways to make money online. You can sale affiliate products, physical goods, hawk your goods on e-bay or earn money as a freelancer. Only your imagination, knowledge and willingness to take a chance will limit your ability to be successful online. One of the best ways to earn a living online is to start and maintain a membership website. Starting a membership website is one way to multiple the profitability of your efforts. Instead of selling one e-book, a few articles or a product to one person, you are able to take those same “goods” and sell them to more then one person. This means less work and more money.

Let me give you an example. If you are a freelancer writer, you may be able to charge anywhere between $5-$10 for one article (depending on where you advertise, how good you are and the amount of experience that you have. For the purpose of this illustration, let’s say that you charge $5 an article. This means that you would be able to sell 10 articles for $50. On the other hand, if you started a content membership website, you could earn much more money with those same 10 articles. If you charged your members $5 a month for 10 articles and you had 100 members, you would be earning $500 for those same 10 articles instead of $50.

As you can see, it is possible to make a great deal of money by simply starting a membership website. Besides, the profitability, membership websites are pretty easy to start. If you have basic html skills, you can create a sales page and then a download page where your members can access their content and/or products.

You have a few options when it comes to payment processors. Two great choices are Paypal and Clickbank. Both companies allow you to bill your members on a monthly basis. You won’t have to worry about collecting payments, this is done for you. This makes things a ton easier and will prevent a lot of headaches.

There are a bunch of niches that would make for a great membership website. You simply need to find a subject that you believe people would be willing to pay money for. Then deliver top notch information. Some good niches might be centered around people who are battling addictions, want to make money online, are interested in losing weight or homeschooling. Any topic that you believe people would want to learn more about and be willing to pay information for would work.

Next, simply provide them with top notch information. You can create short reports or purchase PLR to products or other content that you think would be well received and add them to your membership website. Also, consider providing leads on discounts, sales or free resources. It is important to update your content on a consistent basis so make sure that you are committed to the process or you will have some angry customers on your hands.

Membership websites are a great way to make good money online. It does not take a great number of members for you to do pretty well for yourself financially. Consider if you charged $15 a month for your membership site and you had 100 members, you would be earning $1500 a month. Now say you created more membership sites, you could easily double or triple this amount. If the workload gets too big, simply outsource your tasks.

Membership sites can be a goldmine. They do however, require commitment and consistency. You have to be able to follow through. However, if you are willing, you can do very well for yourself.

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