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Membership websites are one of the hottest Internet business models today, since there are many advantages to starting one. Here are the top three advantages to starting a membership website that are sure to get your creative and entrepreneurial juices flowing.
Advantage # 1:
Steady Stream of Income
The first advantage—a steady stream of income—is also the most popular reason for starting a membership website. Many would-be Internet entrepreneurs search for business models that will bring them a steady stream of income, eventually replacing their full-time jobs altogether.
A membership website is the answer to those prayers.
Subscriptions to membership websites are usually set up for specified amounts of time: a month, quarter or year. During this time, you will have consistent income for the duration of each subscription’s term.
For example, let’s say you charge $14.95 per month for access to your membership website and have 250 subscribers, who continue their subscriptions for an entire year. That adds up to a whopping $44,850, which is more than a lot of people’s annual incomes and just enough to kiss that dead-end job good-bye!
Keep your content fresh and interesting, and you will have created a steady stream of income for as long as your customers are satisfied with their memberships.
Advantage # 2:
Low-Start Up Costs
Another significant advantage to starting a membership website is its low start-up costs. Most people that are looking for an additional stream of steady income are doing so because their current income is limited. Because membership websites require a low initial investment, they are perfect for would-be entrepreneurs on a tight budget.
To start your membership website you will 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 because you can do a lot of the work. If you’re a skilled web designer or writer—or are willing to learn—you can eliminate those costs. Also, website hosting services are minimal, some as low a $5.00 per month.
However, if this is your first Internet-based business, you may want to start with membership software, which provides everything you need in a tight little package. A good membership software package will have the following:
• WYSIWYG (what you see is what you get) web design software
• Content Management
• Membership Management
• Payment Processing (including credit cards)
Using membership software streamlines the set-up process and allows you to start earning money sooner.
Advantage # 3:
High-Profit Margin
The third advantage to starting a membership advantage is actually a combination of numbers one and two:
Subscriptions -- Expenses = High-profit margin
Membership websites can yield high profit margins, even if you’re just beginning your membership website and only have a few subscribers.
For example, let’s say you only have 50 members during the first three months after your launch at $20.00 a month. That’s a $1000 per month. Now, deduct your operating expenses: $150.00 per month for website hosting and membership software subscription. After expenses, you’re still left with a nice $750.00 dollars per month.
See the high-profit potential of a membership website?
Remember with a membership website your income potential is unlimited. You can earn, as much or as little as you like, depending on how much time you’d like to devote to your site.
Now that you know the top three advantages to starting a membership website: 1) steady stream of income 2) low start-up costs and 3) high-profit margins, aren’t you ready to start your own membership website? Seek for financial freedom and spend more time with your family and friends.
Want more information on membership websites? You can receive a FREE mini course by email with more helpful information. Just to http://memberstar.net.
Ron Ruiz is a product developer, marketer and newsletter publisher. He has extensive experience in all aspects of starting and running a membership/subscription/coaching website. His own membership website http://www.businessfastlane.com has been operating for several years and has members from over 26 countries. He has also developed his own all in one membership software system called Memberstar™ which makes it easy to set up and run a members only site. http://memberstar.net.
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