You’ve heard right, a business partner and I are starting a membership site. But don’t worry, it’s not in the make money online niche or anything like that, we’re working in a niche that is relatively low in competition.
So, why start a membership site? Benefits?
I heard these are probably the best types of sites to have simply because you have recurring monthly payments going right into your pockets. I mean, having advertisers buy ad spots monthly is nice but it’s never really guaranteed each and every month.
Say we get 100 members and we charge $20/month, that’s automatically $2,000/month in revenue we’ll be getting. And the best part of it all is the fact that it’s $2,000/month recurring.
In addition to getting members to sign up for a recurring cost, there are plenty more ways to earn money. You can simply sell them a product like a simple eBook or something because they are already interested in the niche you’re in.
And honestly, if they are willing to sign up as a member for a low cost, more than likely they are willing to spend a little bit more on a simple product that would benefit them.
What is the niche of this membership site?
I know a lot of you guys are going to ask but as of right now I’m not going to be revealing the URL or the niche. I know some of you guys won’t like it but quite frankly, this niche has such low competition and it’s not worth revealing.
But don’t worry; we’re starting this membership site to flip it. The only thing is we probably won’t flip it for at least a few months. And if they site continues to grow and we continue to increase our revenue, then we might delay the sale. 
How do you start a membership site?
Honestly, it all depends on what niche you’re looking for it to be in but most of them are all the same setup. I don’t have too much time to go into full detail on setting up an entire membership site step-by-step right now so I will have to say that post for a later date.
I just wanted to let you guys know another one of my projects that I have been working on. Matter of fact, if this one goes according to plan, my business partner and I have like five or six more membership sites lined up right behind it.
And again, they are relatively low in competition.
Stay tuned!
Looking forward to finding out what it’s going to be all about! I’ve tossed up the idea of a membership site before, but have never done anything with it.
Tom – StandOutBlogger.coms last blog post..Opportunities: 3 Keys To Make Every Opportunity Count!
yeah, low competition competition will make us more free in business.
It is always good to have some form of residual income coming in at all times just in case the other income that you are making starts to decline
Donny Gambles last blog post..Intense Debate: RSS vs. Email
Way to build suspense my man, lookin forward to it!
Dennis Edells last blog post..Banners Ads or Text Links?
Thats A really good Idea But I think Its hard To Get a Niche Which Has low Competition,Even Though Service does matter if You Provide Excellent Service at low Prices Then other memeber’s Will Be attracted,
Make Money Tipss last blog post..Work at Home with Part Time Jobs
No offense, but I personally hate those membership type of sites…especially the ones that subscribe for you “automatically”. When someone doesn’t know about it, they end up being charged another $20.
-Mike
p.s. Anything you buy from bloggers is good for the seller and not for the buyer. That is my opinion.
hmmm, some good thoughts you have placed in my head, looking forward to your futher writings on this topic.
vishalhds last blog post..You + Forum = Money + Visitors + Readers + Reputation
I rarely sign up on membership site
Gadgets last blog post..BlackBerry Storm 9500 World Phone, Unlocked, In Hand, Ready to Ship
Starting a membership site is a good idea.I would like to start one myself but cannot come up with a unique idea.
Tom – Home Business Tipss last blog post..5 Reasons Why Your eBay Auctions Fail
Membership site is great if you can promote it constantly.
I have honestly thought about a membership site way too much. the ideas that have gone through my head have potential but I don’t know where to start with them. Keep us updated on the process if you can, it would really help me.
Blog for Bloggerss last blog post..That January Thing: Monthly Update