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 can be set up for specified amounts of time: a month, quarter or annually.
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 goodbye!
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.
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 a month. That's still $1000 per month.
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.
Selling Memberships In Your Online Store
You can sell membership access to your password protected pages through your online store.
Your visitors can purchase your memberships using a credit card, PayPal, or cheque.