Membership websites have become very popular online as home based business opportunities and for good reason. First of all, for the uninitiated a membership site contains information pertinent to a particular niche that members usually pay a monthly recurring fee, or sometimes a lump sum amount for a year long subscription, to gain access to this information. Here are five reasons why these websites have become all the rage on the web and why they’re continuing to grow in numbers and in stature as business ventures online:
1. Operating a membership business is a tremendous way to create a recurring income on the Internet. Because, in most instances, subscribers pay a monthly fee to gain access to the information contained on these sites you’re establishing a continuous income stream from each of your members. Of course the more people who sign up for your service the higher your remuneration will be from your enterprise.
2. The sky is the limit with regard to the number of these websites you can create online. Once you’ve established your first site you can then replicate your efforts and build as many of these income generating machines as you would like. This helps generate more profit for your online venture because, for example, if you have 20 websites each having 30 members who are paying $20.00 per month for your service your revenue from these multiple income streams each month will be an astounding $12,000.00 which translates into $144,000.00 per year. The beauty of this situation is you can continue to add to your profits by building more membership sites, so the sky really is the limit.
3. Another advantage offered by these web pages is you can target the hottest niche online at the time or, if you’re creating multiple sites, you can focus on the top ten money making opportunities on the web at any given moment. Or you can create 10 sites all dedicated to the same target market thereby multiplying your efforts and when this opportunity wanes you can then move on to the next big revenue generator or hottest seller on the web at the time.
4. Membership websites are also a great way to build your targeted email list very quickly. By creating multiple sites you can build your list from many different sources which are also targeted toward many different niche markets. As we mentioned earlier you can concentrate each site on a different hot market segment or you can focus on one niche with multiple websites and target your list from people interested in this particular offer. By using this strategy and by providing an offer too good to refuse you should be able to build a highly targeted inventory of subscribers very quickly.
5. Entering this type of market allows you to create a different revenue model from each website you establish on the web. For example, one strategy can consist of a simple autoresponder system whereby you deliver content to your members automatically at the end of each month for a regular fee.
While a second revenue approach could involve building a free membership site to help grow your email list while at the same time helping you develop relationships with your members so you can approach them later in the process with a back end offer. Once again which strategy or strategies you wish to employ are only limited by your imagination and your ingenuity which only adds to your enjoyment of running this type of business.
I would highly recommend to anyone who is considering starting a home based business online to investigate the potential of building and growing a membership empire on the web. This opportunity can provide a residual and recurring income for you and your family for many years to come.