Hey Peeps,
Since my launch with UK marketer John Thornhill, I have decided that earning a monthly recurring income is definitely the way forward if I am serious about building a profitable online business.
Don’t get me wrong, having my first ever 4 figure week was awesome and I learnt soooooo much in the process, but it only makes sense that one hit wonders are not really the best business model to follow if you want to make a full time living online.
OK, right now i’m earning affiliate commissions each week and money from my giveaways, but I’m sure you will agree that it’s much better to know exactly how much money you have coming in on a regular basis and when!
Just recently I have been working on my membership site ‘Coaching With Kerry’ and now I have the knowledge and experience I wanted to share this with my subscribers but before I do, lets take a quick look at the earning potential behind mini membership sites because it really doesn’t have to be a complicated process.
It’s only as complicated as you make it!
Lets just say that you went on to launch a low tier membership site offering a $1 7 day trial followed by a $10 billing cycle. Now I think it fair to say that putting 100 members into your site is EASILY achievable right!
Especially if you have a list!
Instantly that would be a $1000 recurring income and as long as you continue marketing your site, making sure you have more members coming in than going out then that figure will continue to grow. And the best part of all this is that you are getting paid over and over again for the same amount of effort. Pretty cool i’m sure you will agree!
Here’s How To Build A Membership Site For A Monthly Recurring Income:
#1 – WordPress Platform – Easy to set up and I’m pretty sure that everyone reading this post right now knows how to install a WordPress blog and it’s FREE.
#2 – Optimize Press – Just another WordPress theme. This did require a small investment. I think it was $97. Really easy to use and comes with step by step tutorials!
#3 – Wishlist or Dap Plugin - Once you have built your site and members area you need to secure it so only paid members can access your content. I have used ‘Dap’ for this, simply because I need to drip feed my content but I did purchase Wishlist before hand and both plugins are easy to use. They come with tutorials and you can have your site set up in a matter of days – literally!
#4 – Content – Now you have everything in place, all that’s left to do is add some content and you are set to go. I know a lot of you will think that you don’t have any ideas for content right now but it can be as simple as adding a 20 minute audio each month. Throw in a few bonuses and for $10 you are already adding value, meaning your members are likely to stick around.
#5 – Traffic – If you have a list then that’s a great starting point but if you don’t that’s not a problem. There’s always the Warrior Forum (WSO are HOT right now), Joint Venture Partners and Affiliates.
Now all you have to do is stay focused and you have a monthly recurring income to give you the security you need!
I really hoped that helps and do feel free to leave your comments and ask any questions.
Tchau For Now
Kerry
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Hey Peep
Do you have your membership site set up to be going forever…or do you have a set amount of time (like one year for example)?
Just wondering the best way to do that part of it.
Thanks!
Hi Mary.
My site will run for about 35 weeks because it’s coaching but you can create an evergreen product.
Saying that I guess everything has an end. You could start with a Gold level membership and then add a Platinum level with time.
Kerry
Twitter: PaulineBennett2
says:
Hi Kerry
I have never thought of making a membership site before but you make it sound fairly easy and affordable which can bring in a recurring income, I am going to look into this a little more for further down the road. My first goal is to create my own product and after I have done that (which I know may take me a while) this will be something to think about next. Thanks for sharing!
Have a great day
Regards
Pauline
Pauline recently posted..How To Create A Short Report In 6 Steps
Hi Pauline,
Thats’ exactly what i’m doing with coaching and i’ll share the results with you when done.
Good luck with your product
Kerry
Kerry, Thanks for motivating us to set up our own coaching site. You make it sound easy! Except for the Add great content part! But all in good time.
michael holcomb recently posted..YOUR KEY TO SUCCESS IN INFORMATION MARKETING
Hey Michael,
It doesn’t have to be coaching content. It can be a new interview with established marketers in your niche that you add each month. Throw in the transcripts and some articles – you’re good to go.
Just food for thought!
Kerry
Twitter: PaulineBennett2
says:
Thanks Kerry
Pauline recently posted..How To Create A Short Report In 6 Steps
No problem
Kerry
That sounds incredible! I wish it was so easy…I’d really need that financial security, but I’m afraid this method works well only with a well-managed brand or popularity with. And of course, with nice content filled. Thanks you for the quick guide, I think I’ll get into the theme. Inspired by your article;)
Julie recently posted..cosmetic dentists london
Hi Julie,
Yes I hear what you are saying but even complete beginners can approach this business model and once you have a mailing list this is achievable.
Any questions just give me a shout. I’d be happy to help any way i can.
Glad you liked the post
Kerry
Twitter: jeremyruggles
says:
Hi Kerry,
Thanks for the step by step guide to monthly membership sites. Until now I really had no idea whatsoever how to start a membership site. It seemed like a difficult thing to accomplish. Of course, so have many of the things that I have accomplished so far. The best of which has been inspired by your personal training!
I will keep this post in mind once I have a decent sized list and some affiliate income coming in. I’m hopeful that I will see my first 4 figure week very soon.
Thanks,
~Jeremy
Jeremy Ruggles recently posted..New JV Giveaway Event – Chance to Build Your List
Twitter: canada941
says:
Hi Kerry
Ive decided to create my first membership site, Im one of John’s students, ive just finished my first product using his WSO Domination program.
I will make a start and get back to you with my results.
Thanks again
Kevin
Kevin Long recently posted..How To Get Your Subscribers Begging For More
Hi Kevin,
Yes please do, I’d be interested to see how it works out for you
Now that you know how to launch a WSO you could use that as your launch model!
Kerry