Is a Membership Site Right for You?
Numerous Internet online marketers are relying on subscription sites as a way of making recurring money. Membership sites can be great for generating money month after month, with very little extra work required to keep them running.
A membership site is a website that’s password protected, and generally requires users to pay a month-to-month charge. Many membership sites are safeguarded by special scripts that deal with the managing of the usernames and passwords of members. They likewise look after canceling members whose payments do not go through, or members who cancel by hand.
Beginning a subscription site is relatively easy. You need a script, a billing company, and material. The script will generally look after the billing, member management, and protection of the members’ area.
All you need to do is set up the script, add a billing service provider such as PayPal, and add content to the members’ location. One thing to remember with regards to billing is that if you utilize PayPal, the most popular form of billing for many Web online marketers, you’ll have a more difficult time selling your subscription website later if you ever want to.
Numerous online marketers get burned out with their membership site, or they need cash quickly for something. Selling a membership website with members can generate a significant amount of cash. PayPal does not have any way to transfer payments to other accounts, which creates a big problem when it concerns offering a membership website for sale.
If you’re utilizing PayPal, you’ll either need to continue accepting payments yourself (then send them to the brand-new owner), or you’ll have to cancel all of the members and ask them to sign up again under the brand-new owner.
If you continue accepting the payments yourself, you could end up with problems with your PayPal account if the new owner does anything to violate PayPal’s TOS, or if they stop upgrading and members begin complaining to PayPal.
If you ask members to register under the new owner, many of them may decide to simply cancel their membership. You can always have the brand-new owner bribe members by offering them a bonus offer like a complimentary month or a unique upgrade if they sign up under the new owner, however some members will most likely still cancel.
This is why it might be much better to look for other billing options. Sadly, there really aren’t many readily available. CCBill is one billing business that makes it easier to move memberships, but they aren’t used by the majority of membership scripts, and they require a lot of paperwork to start.
ClickBank provides repeating deals now, but there aren’t presently a large deal of scripts that support it, and cancellations normally need to be done manually. Getting members is most likely the only truly difficult part of handling a membership site.
The best way to get members is to run an affiliate program and have other individuals generate members for you. You can likewise get members by running Pay Per Click advertisements, advertising on forums, posting ads to relevant publications and papers, and forming tactical partnerships and JVs with other web designers.
As you get more members, your regular monthly earnings will continue to grow. You’ll simply need to continue providing whatever it is you promised your members and subscriptions will remain on a steady rise!
About the author: James Ong is an expert in generating wealth online. You can learn more about what he can do for you at his website: http://jamesprofitsclub.com/never-have-money-troubles-again/