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Different Monetizing Methods
In this section, what I want to put focus on is the different ways that you can promote your offer once and earn residual traffic on autopilot. This is important because you don’t want to be investing too much time on promotion, and then end up falling behind on actually creating new content and valuable for your members.
Sell Ad Space
You could also consider offering advertising space within your member’s center, once your subscriber’s base has grown.
This way, you could monetize “un-used” space within your member’s center by allowing third party merchants to promote their products and services to your community.
If you run a members forum, you could also consider integrating promotional banners and allocated ad spaces that feature affiliate based products.
If you run a newsletter (and you should), you could also offer solo ad campaigns to advertisers who are interested in gaining exposure at affordable rates.
Just be sure to adjust your advertising prices as your community grows and your overall ad campaigns become more valuable.
Renewals System
Recurring income is one of the best parts of running a membership website, and something that many other types of online businesses lack.
Just remember, while first time subscribers certainly breathe life into a membership website, renewals keep it alive.
Make sure to consistently remain active within your community and to do your best to provide high quality, exclusive material to your subscriber base on a regular basis.
Feature An Affiliate Program
You will also want to incorporate an affiliate program into your membership website, so that both visitors and subscribers are able to generate commissions from every referred sale they make.
When structuring your affiliate program, focus on offering a very appealing commission percentage; in order to recruit active affiliates who will help you jumpstart your marketing campaigns.
Different companies pay different percentages and amounts for leads and sales. The differences paid for a sale can range from 75% down to 1% depending on the company and the product.
What you decide to pay your affiliates will depend entirely upon what you are selling and to whom you are selling it. A good idea would be to check what other companies selling a product comparable to yours is paying their affiliates.
However, how much you pay your Affiliates really depends on how much your product/service costs, its profit margin, how much you’re willing to give up and what action you want to take place.
When running an affiliate program, you will want to make sure that your current membership script or software is able to effectively track all sales and leads, as well as provide detailed information to affiliates (including overall earnings, stats, payment dates, etc).
You could also actively join affiliate programs that are focused on your niche market yourself, and incorporate your affiliate links into a “Recommended Websites” page, so that you are able to maximize earnings by promoting third party products and related websites.
For example, if you run a membership based website focusing on golf training, you could feature affiliate products that include golf gear, advanced lessons, physical books and even video tutorials.
This way, you can maximize your income by featuring affiliate-based tools, resources and materials that you are not offering yourself, without having to advertise competing membership websites.
Just make sure that the products or services you are recommending are relevant to your overall theme.
List /Email Promotions
Apart from allowing advertises to purchase email based advertisements, you could also monetize your subscriber mailing list by sending out promotional emails that showcase affiliate products, as well as your own special offers.
Consider creating a special bundle that features new content, relevant to your membership site, and making it available as an upgrade only to existing members. When it comes to building a profitable, highly monetized membership community, you need to remain consistently active. This doesn’t mean that you need to dedicate every hour of your day building your community, in fact, you can outsource the majority of the work to experienced freelance writers and developers, but what it does mean is that you need to play an important role in defining your community.
Other Details- 1 Ebooks (PDF), 6 Pages
- 10 Graphics (JPG, PNG)
- 1 Squeeze Page (HTML)
- Download Page, Twitter Tweets, Cheat Sheet, Affiliate Product,Email Series
- Year Released/Circulated: 2016
- File Size: 9,216 KB
License Details:
1. You CANNOT put your name or pen name on the product as the creator.
2. You CANNOT edit the contents of the product in any way
3. You CANNOT change the title and sub-title of the product.
4. You can sell the product (Report) in PDF format.
5. You are granted the master resell rights, resell rights or to resell with personal use rights. Nothing else.
6. You CANNOT offer private label rights to this product. You are granted only the Master Resell Rights.
7. You can add the product into a membership site (paid only).
8. You can add the product into your product bundle or package and sell for a higher face value.
9. You can offer the Basic Resell Rights to the PDF Report.
10. You can produce audio and/or video content from the materials found in this product.
11. You CAN give the product away for FREE, in exchange for an optin (email address) or lead.
12. You CAN offer the product as a bonus to another product you are selling. Or as a bonus when people purchase through your affiliate link.
13. You CANNOT sell the product on auction sites such as eBay.com.
14. You CANNOT use sell product in a dime sale event, under any circumstances or situations at all.
15. You CANNOT sell this product as a WSO, under any circumstances or situations at all.