As you progress on your online business journey, one of the ways to overcome any income dips is to start a recurring income plan. Setting up a membership website is a great way to earn regular monthly income. A membership website means that the public cannot access the content. It’s only available to members who pay a fee.
So, apart from a regular income, why would a membership website work for your online business?
Creates A Community and Build Relationships
One way to earn more money online is to build a community and nurture relationships. What better way to do it than setting up a membership website with a forum that is not open to the entire internet?
Makes Your Customers Real Fans
When you spend time in a forum with members, they will become more than customers. They will become your fans. This is an excellent opportunity for building a profitable affiliate program, where your affiliates can promote your membership website for you.
Gives You Knowledge About Your Customers
By paying attention to the things your customers talk about in the private forum, you can develop and supply new products that they’re essentially asking for or showing a need for. They’ll think that you are reading their minds and they’ll love you for it.
Provides An Ideal Audience For Testing
Before you launch any new products you can test them on your members. They will give you suggestions and feedback that will help you with making required changes before you release them as individual products outside of the membership.
Easy To Set Up And Maintain
Even a complete beginner can find the right technology for setting up a membership website. If you can find or produce one new product on a regular basis and produce four blog posts, and devote one hour a day in the forums, you’re set.
Adds Value To All That You Do
The membership website will add value to every product that you create as a way for buyers to get assistance. You can charge for the membership, or you can throw it in free for high ticket product purchases.
Adds Life to Previous Products
If you already have several products that you’ve created in the past, you already have things to add to your membership website. This breathes new life into the old products. Update them and put them into the pipeline, and you’ll be ready to go.