subject: Five Great Reasons To Start Your Own Paid Membership Website [print this page] Five Great Reasons to Start Your Own Paid Membership Website
The internet age has created numerous opportunities for one to earn online. With the right tools and the right mindset, just about anyone can set up a paid membership site and steadily earn from a virtually unlimited audience indefinitely.
A paid membership site is an online site that offers online content for a fee. Subscribers usually pay a set amount for a given amount of time. In exchange, the site gives the subscriber means to log on to the site via password or other such method and access content that is normally inaccessible to casual browsers.
Many of the major online entities offer such content. For example, NBA.com will offer streaming videos, interviews, and other media clips for a monthly subscription. Other sites offer its members access to various music files, video clips, text excerpts and other services for membership. For example, many dating services will help one find partners online through its web portal for a subscription fee.
The beauty of such a business model is that it is very easy to set up and does not require an inordinate amount of money to start. There even have been instances where giant online paid membership sites have been started by idle hands working at home. All you need is a host, some knowledge of web development and the paid content you plan to post, and voila, your paid membership site is ready to go.
The returns on this type of business are phenomenal. So phenomenal that businessmen and entrepreneurs alike are all jumping on the bandwagon to earn from this method. If your ears are perking up at the thought of earning from the comfort of your home with such a site, here are other reasons why a paid membership site is a great way to earn revenue.
1. Its easy to set up Yes, Virginia, there really are ways to earn cash that are not as painful as traditional methods. As mentioned earlier, you will not need a big start up fund to start a paid membership site. In fact, its probably one of the cheapest businesses to set up and one with some of the largest returns on investment. Its so easy that those with some web development knowledge can set up such sites at the comfort of their home, and from there on end, they can sit back and watch the site grow in relevance and membership. Of course, one still needs to update content to keep your members interested.
2. It has high returns You may be asking why paid membership sites are said to have a great opportunity of raking in good revenue for a paltry startup. Thats because the internet makes communication between you and your customer fast and cheap. Take for example a conventional video store. To rent or purchase titles, you would either have to go over to their store or call up their phone representatives. You would then place your order and wait a few days for your titles to ship. On the part of the video store owner, he would have to set up phone representatives, communication equipment, make agreements with delivery services and set up a store plus all its furnishings. A paid membership site that offers video content on the other hand only needs a dedicated computer or host, an internet connection and a little web know how and you are off and running. The savings on operations and infrastructure already makes paid membership sites worth its weight in gold.
Moreover, internet sites have a greater audience than conventional stores. You could have virtually an unlimited number of members and visitors all accessing content on your site. Wouldnt that be wonderful? Having the WHOLE world as your audience since anyone on the internet can connect to your site.
3. Risk is generally low Internet paid sites have a lower risk of loss than other conventional businesses. If an internet paid membership site does tank, the loss wont be great because startup of such a site isnt much in the first place. Plus, if a site tanks, you will still have the equipment, technology and know how to set up a different site that could click as well.
4. The Internet is the way to go another reason to consider paid membership sites is the fact that more and more people are turning to the web for their purchases and entertainment. These people are willing to shell out cash for content they deem interesting. Imagine, in 2002 alone, online purchases accounted for $300 million in trade for the United States. Thats a big piece of the pie. Where will you be when the figure increases again this year? Its about time you hopped on board and considered paid membership sites for your line of business.
