Presumably, you have a membership website to make money or you’re thinking about starting a membership site to make money. Either way if you’re not taking advantage of these three profit plans, you’re missing out.
Profit Plan #1 - Thriving Affiliate Programs - Affiliate marketing is a great way to make
ongoing extra income from your membership site with very little effort. It’s also important to
note that your members do want to learn from you so you’ll want to balance affiliate
promotions with your own products too. You won’t be an expert in every subject and so
complimentary products are a great way to increase income; just make sure the products
aren’t directly competing with what you have to offer.
Really make affiliate programs work for you:
- Select affiliate programs that are relevant to your niche subject to retain the credibility
of your site and entice your members into purchasing the products they need. Find
affiliate products which are complimentary to your own, not competitive. - Pre sell the product to your members. This will make it much more likely that they will
buy when they reach the merchant’s site. Write a personal review or interview the
product owner. - Weave affiliate links into your content on your site. Simply writing product reviews or
blogging about why you like the product from a personal standpoint is often enough for
your members to trust your recommendation and want to buy from you.
Profit Plan #2 – Advertising Aces - AdSense is a simple way to make money from your free
membership site. Every time someone clicks on the Ads you’ll get paid a certain amount per
click. The amount will vary from niche to niche but over time particularly if you have a large
membership base will be very profitable.
- To really make advertising pay on your membership site you must have a very large
membership base. Consider having low subscription fees or completely free
membership if you plan to make advertising your main revenue stream. - Make sure your AdSense links really are relevant to your niche topic and add valuable
content to your site to retain credibility with your members. For more control, select
default advertisements to use instead.
Profit Plan #3 - Selling Superior Information - Want a great, and inexpensive way to
increase membership site revenue and value? Sell information products. Ebooks, reports,
online classes, workshops, tutorials, audio files, videos, and even software can be created for
a relatively low cost and sold for a tremendous profit.
The great thing about many of these products is that they are instantly downloadable by your
members. This means that they get instant gratification and you don’t have to deal with the
cost of production. Once your product is complete, it’s ready to go and can be distributed an
unlimited number of times.
Make maximum revenue!
- Superior products result in superior profits. Make your e-book superior with a high level of
research, writing, and graphics and illustrations.
- Promote early. Promote the e-book on your site and in your members’ forum. Put
extracts from the book onto your site to get members excited about reading more - Offer incentives. Use your e-book as an incentive to subscribe to your site. If you give
your e-book to members for free when they sign up consider offering them the book in
installments or chapters to integrate them into your community.
- Weave affiliate links into your information products to ensure that they carry on producing
revenue for you even after they have been sold.
