Subscribers Wipe Out The Economic Downturn

Business Week, National Geographic, and your local gym all use the same business model. It’s a subscription-based model that allows rapid growth and expansion. And you can tap into this model using the power of the internet.

The concept is simple. You charge customers a monthly fee for access to a membership website. Each month, you update
the content so your subscribers have something new to experience and remain subscribed.

Even low-end subscription based membership websites can generate quite a respectable income very quickly. Websites
that only charge $10 a month can quickly add several thousand dollars to the webmaster’s bottom line. 200 members
is an extra $2,000 a month. For the average person, that’s a nice second income.

At the other end of the scale are membership websites that charge $50, $100, or $500 a month and have thousands of
members. It doesn’t take long before financial stability turns into a dream lifestyle for the website owner.

But it’s not all a bowl of cherries. Owning a membership website also involves some time and money. You need to
provide new content each month so your members keep their membership. Depending on the type of website you own, this could take you one day a month, one week a month or the whole month.

And buying a membership website can cost tens of thousands of dollars. Your other option is to build it yourself. If
you choose the D-I-Y method it will take you hundreds of hours and lots of blood, sweat and tears.

So look before you leap into the membership website arena. There is a lot of money to be made with this business model,
but you need to consider your time constraints and financial considerations too.

Bruno Auger

Tags: money, customers, membership, membership website, subscription-based model