subject: The Financial Advantages Of Having A Membership Site [print this page] A membership site can be a great way to help people reach their dream of being self-employed. They want to have more time to themselves and be their own boss. Many people try to do it by starting their own online business. Unfortunately no matter how hard they try most people will never make enough money to replace their paycheck.
One of the reasons they fail is the difficulty of creating a steady monthly income they can count on. This is an important aspect of financial security. Most people get this from their jobs. However even this is not really secure because in reality you could lose your job at any time. When you start business online it's difficult to build it to the point where you can count on enough money coming in each month to support you and your family.
One of the ways to get the steady predictable cash flow is with a membership site. For example, if you had just one hundred people paying you just $10 a month, you would have a steady cash flow of $1000 a month. Month after month after month, rain or shine, whether you=re home or on vacation your income would continue to come in. Many people accomplish that within the first few weeks or the first month of setting up a membership site.
Now, don't just stop there. What if you had two hundred people paying twenty dollars monthly to access a membership site? That would produce four thousand dollars each and every month. Would that let you leave your full time job? If not, think of what you could do with an extra four thousand dollars a month? Would that change your lifestyle for the better? Before we get carried away with the potential income, maybe the thought of getting two hundred members seems like a big task.
To keep it in perspective, think about how many magazines exist today. Most magazines have tens of thousands of subscribers with some much larger. Just think of all the people who are passionate about their interests and hobbies? Almost any hobby or niche that has a devoted following can turn into a membership website.
Think of the potential income you would have if you had 500 members or even more? Remember magazines sometimes have hundreds of thousands of subscribers, so 500 is not really that many. But even if you don't reach a membership of 500, just a few hundred members could change your life depending on how much you charge per month.
A membership site provides the steady pay check of a very well-paying job, but without the job! This is a reality for people who run successful membership sites. You don't have to worry about where the income is going to come from next month or the month after. Your members will pay you through automatic payments month after month for as long as they remain a member.
This is one of the main reasons why you need a membership site. You could make as much money or more than your full time job from home. You will also have the peace of mind knowing that your income will still be there whether you are working, on vacation or sick. This is what a membership site can do for you.
