Thread started: Aug 5 2009, 6:36 AM EDT
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An excellent way of generating great residual income which can last for the rest of your lifetime is to use the membership sites.These are websites which allow people to sign up as members paying a yearly/monthly fee, and have access to content which non-members don’t have access to. The interest of the members is direct proportional with the value of the content offered to them.
Membership sites can be created quite easily with the help of a simple membership site software and/or web development teams.You can literally hire a virtual staff to do the whole thing for you at an affordable price.Or,if you know a little bit about web development you can purchase scripts for membership sites and install it onto your website yourself.The profit that can be generated from membership sites is enormous so it worth going through the development stage and outsourcing when you need to.
Membership sites are the heart of the recurring income profit streams. With Memberfire script, setting up access to a secure area, it can be successfully set up in less than 5 minutes! It is approved by Clickbank’s recurring billing scheme,so it is not needed to chase payments from people through the affiliate network.
Even if you just offer a newsletter or monthly report to your members for $5 a month…that would be $5,000 monthly income for every 1,000 members you have. You can gain a thousand members in 1 year or less, but even if it took you 5 years it would still be worth it! $5,000 for the rest of your life (or for as long you continue to write the newsletter) it would be life changing for many people. And, all you have to do is to write ONE newsletter every month- which would earn you $5,000 in this scenario.
This would give you more time and money to work on other projects and you can build an online empire of membership sites. Whether you think big or small, membership sites ensure you the way to profit.
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