Membership sites are becoming an increasingly prevalent business model. This type of online platform allows members to gain access to content you publish once they sign up and pay the membership fee you specify. This business model is a great way to generate passive residual income.
The topics for successful member only websites are as varied today as…short people, tall people, buying websites, unusual business ideas, selling stocks, paint ball, 2nd wives clubs, financial, dating, fitness, marketing and countless mentoring and coaching sites on almost every topic imaginable and probably a few you can’t imagine or wouldn’t want to imagine.
It takes some work and certainly the right tools to set up a members-only website but the rewards (monetary as well as personal satisfaction) can be huge. Whatever you are passionately interested in or very adept at can be the topic of a members-only website today.
One of the first types of membership sties on the Internet was the online dating site. In the beginning, they were mostly populated with nerds, weirdoes and perverts but as the Internet matured the sites became popular among people from all walks of life. They have even progressed so far as to offer pre-screening of members. Most porn sites are membership only sites.
There are membership sites today that cover just about every area of human interests. Some offer informational or teaching material that is only able to be accessed by site members. Some membership sites are able to be viewed by non members but non-members are not allowed to participate in the activities or post to the message boards on the site. Sites that provide information to find work-at-home jobs, for example, can see the listing of jobs but cannot apply for the jobs unless they are members of the membership site.
There are membership sites that provide instruction is such things as how to play a guitar. The lessons are accessible only to members of the site, although those who are not members can view what subjects are being taught in the lessons.
Membership sites usually accept payment for membership fees by credit card or by personal check. Membership portals, membership systems, recurring services and products, retainers, subscription, there are so many words to describe the same thing but in essence, you can help established businesses create scalable recurring revenue streams and happy loyal clients.
It’s all about leveraging the power of community and connection and giving value.
Check out our online membership course here.