Print this page
Marketing Tip
Membership Sites: One Way to Be Well Paid
for What You Know?
How to Make Membership Sites Work for
You
by Diane Eble
Though I love books, and have been in the book publishing
industry for a long time, I'm very glad that technology now affords authors other ways to deliver our content
besides a print book.
If you have a print book,
the most profit you'll get from it is a few dollars. Usually between $1 and $2.
It's sad but true that your
book alone can't get you rich. Can't even pay the mortgage, usually.
However, if you keep in mind
that YOU are the message, and that your message can be delivered in a number of different ways, then suddenly a
whole world of opportunity opens up.
If you like to speak, you
can do seminars, public speak at other people's events, and do teleseminars, radio shows, and
podcasts.
If you prefer to write, you
can publish articles, Special Reports, white papers, a blog, eBook, and now, a relatively new form of
distributing your material: membership sites.
How
Membership Sites Can Make Your Content More Profitable
Basically, with a membership
site, you give people access only if they pay for it. Thus, you monetize your book's content
AND offer more of you in some way, for added value.
Membership sites are a way
to be "well paid for what you know." You can create a steady monthly income for yourself through a membership
site.
But a few things are crucual
to know.
First, membership sites can
be structured in all sorts of ways.
If you have a book that can
get outdated, your membership site can be a ways of keeping people abreast of the latest
happenings.
For instance, a friend is
writing a book on how to create profitable web sites. Since the material is such that it will change quickly,
she will ask people who buy the book to register it at a special web site, where people will get access to all
her newest tips and tools relevant to her topic.
If you've written a cookbook
on gluten-free eating, you can give people access to new recipes and information on health issues related to
this topic.
If you're a coach, you can
offer people access to special teleseminars in which you interview experts on various
topics.
Almost anyone can interview
experts on their topic, and ask people to pay $10-30 per month for access.
Do you get the idea? How can
your topic be expanded into a membership site?
Membership sites can be a
great way to create some steady income, but they're not without their pitfalls. Some of the most successful
people on the Internet caution against membership sites. At least, certain types.
The Down Side of Membership
Sites
I was all set to create a
membership site myself, until I read something from someone who had created several himself. Jimmy D. Brown has
been making a living online since 2000, and has created 4 membership sites.
His conclusion after all
this is startling: he says membership sites are actually usually a bad
idea.
Here's why, according to
Jimmy:
1. Traditional membership sites
require too much work setting up. One of the biggest reasons why people don't get their
membership sites going in the first place is because there is a lot of work that goes into the initial setup.
When you factor in writing a dozen or so original pieces of content to "stockpile" in your member's area,
getting training materials in place, setting up a forum, installing scripts, assembling a "library" of materials
and other things most membership sites include, it's just too time-consuming for the average person to ever get
in place.
2. Traditional membership sites
have built-in pressures to create content. It is so easy to burn out by
running your own membership site. You think going in that you'll never run out of ideas to write about. As one
of the most creative and prolific writers you'll ever run across, let me tell you that I myself face this
problem. Almost everyone does. And, even if you are supernatural and can continue coming up with new ideas for
years and years, the demands of updating your site 3-5 times per week with new content requires discipline that
most of us just don't possess.
3. Traditional membership sites
require pricey and complicated scripts. By running a membership site,
you have to manage passwords, protect your member's area, keep up with who's active and who's stopped paying
you, manage your content and at least two dozen other things. This requires a membership site "script". Have you
looked at your options? Most inexpensive ones are either inadequate or incompatible. And others are way too
expensive (thousands of dollars) or have so many "bells and whistles" that you need to join a membership site
just to learn how to use them!
4. Traditional membership sites
demand a large investment of time. You have a forum to
moderate, cancellations to process, content to add, technical problems to troubleshoot, password problems to
fix, and a variety of other tasks that usually get left out of the "sales letter" for a product or service
trying to convince you to start a membership site. The truth is, a traditional membership site requires a
large investment of time. Now, if this is the ONLY part of your business you'll have, you might pull it off.
But, believe me, it will leave the average person with virtually no time to do list-building, traffic
generation and develop other products.
5. Traditional membership sites
include a continual battle to keep subscribers. Here's a figure most people
don't tell you about: the "average" subscriber will stay active for 3-4 months and then they'll cancel. What,
you thought they'd join and stay with you forever? It simply doesn't happen that way. With more and more
membership sites being launched, this figure is probably going to get worse. People simply don't have the time
nor money to remain active members in many different programs. Factor in indifference, a lack of effort, poor
results and a never-ending amount of other enticing offers and you'll be lucky to get them to stay 3-4
months.
HOWEVER, I know that Jimmy
came out with this perspective before a brand-new membership site software was created, so I'd like to tell you
about something that can counteract a lot of the problems Jimmy mentioned above.
Turn
Your Blog into a Vehicle for Being Well-Paid for What You Know
If you have a blog already and do not find it burdensome to create content
regularly, then there is a brand-new membership software that is relatively inexpensive and relatively easy
to use.
It's called Wishlist Member, and if you already have a WordPress blog,
this might be an ideal option for you. WLM is a very impressive piece of software that installs like a typical
plug-in, but is easy to use and very powerful.
In terms of expense, it's only $97 for a license for one site. That's a
one-time fee, which is really wonderful when you think of how much a membership site can make you. Even if
you only charge $10 per month to access your members-only content, and you get 10 members, in your first
month you're even, and the rest is more money coming in that you would not have had otherwise.
(I think I'm talking myself into doing this right
away!)
Take a peek
at all the things that this amazing piece of software does for you. In my opinion, it
counteracts a lot of what Jimmy D. Brown pointed out as weaknesses of traditional membership sites. (Remember,
he wrote that before Wishlist Member was created.)
So again, Wishlist Member may well be
for you if:
1. you like to create content and are already doing
it.
2. you have a blog you update regularly, especially if it's WordPress
(or you're open to switching to WordPress).
3. you have content that people
would be willing to pay for—something unique that you can give them on an ongoing basis that they can't get
anywhere else.
What will people pay for? Here's a fascinating article that
answers that question. If you're considering a membership site, think about how you can add any of these
elements to your site for added value.
If you're not quite ready to make a commitment to an ongoing membership
site—and I do advise you to count the cost carefully—then there's another alternative that is arguably better
anyway.
It was created by Jimmy D. Brown, who, as usual, came up with a way to
simplify and make membership sites work. If you're looking to be "well paid for what you know" and if what
you love to do is write, consider this next option.
The Easiest Way: Fixed Term
Membership Sites
Jimmy D. Brown's alternative
is what he calls a Fixed Term Membership site and I must say, it has a lot of appeal.
Here's his
definition:
"A 'fixed-term membership
site' (FTM) consists of weekly content shared via autoresponder to paid members for a specified period of
time."
In my experience, the most
successful kind of programs are those that provide a specific result for a specific period of
time.
People like to know exactly
what they are getting for their money.
That's why I think Jimmy's
program makes a lot of sense.
Read more about what a Fixed Term Membership site
is, and how it "fixes" each
of the above problems of membership sites, here.
Jimmy's method is very
quick--he shows you how to start it within 48 hours. (Yes, it is possible.)
I myself have taken Jimmy's Membernaire course, and it is the best training I've
ever invested in. Truly.
If you had only ONE thing
you can afford to invest in, it would be this. ($27 per month will not break the bank, I hope.)
I guarantee, you will be
referring back to this content to YEARS to come. One of his 10-page lessons packs more content than most entire
books. The guy is very savvy and very creative.
(I strongly suspect many of
the so-called Internet marketing gurus secretly learn from Jimmy. After studying many of them for years now,
this is my conclusion. I'd rather learn from the source myself.)
That's why
I've taken many courses by Jimmy. I find him
to be a very good teacher. He has a way of simplifying things so that anyone can do what he says. He breaks it
down, step by step, and gives you specific, easy things to do each step of the way.
So consider how your
content—written in book form yet or not—might be right for a membership site. Read Jimmy D. Brown's take on it, and see it if makes sense to you. If it does,
sign up for his Membernaire program. He's got a
money-back guarantee, so you almost can't go wrong.
And yes, I'm implementing
what I've learned from Jimmy. Where do you think the Author Success
Plan came from? That's a free FTM, designed to give you a taste for what's to come, which is the 6-month
FTM, "Author Success Strategies: The ABC3 System for Becoming a Successful Author." Stay
tuned!
Action Steps:
1. If you already have a WordPress blog, read this article about why people pay for
content. Brainstorm what you offer that fits into some of these categories, and how to convert that to a
membership site. (If you want to set up a consultation with me about that, contact me:
).
2. Look at
how much content you have. If you already have a book, can you add some of the elements in the article above
(personalize, update, provide added convenience, etc.) to make it into an ongoing membership site? If you don't
have much content, do you enjoy creating lots of content on an ongoing basis?
3.After taking steps 1-2 above, if your answers are
positive--you think you can keep this up--then check out Wishlist Member. It really is a very elegant
piece of software, very easy to use, and integrates well with a lot of other tools (shopping cart etc.).
Plus, they're always updating it and you get those updates free. It really is a good investment for a lot of
people. One extremely appealing thing about it is that you can
protect your paid content from being shared. Unauthorized use of paid content is a huge problem for
us information providers, and if this is an answer, I'm all for it!
4. If
you want to start a bit slower, and also want to get an EXCELLENT education in marketing (Jimmy is among
the best, as I've said), consider Jimmy D. Brown's Membernaire course. I can't recommend this, or
anything by Jimmy, highly enough. He's one of the very few people I
recommend without any reservation
whatsoever. (And I've been following him for
years.) Note: You can combine what Jimmy does--a
Fixed Term Membership--with a Wishlist Member site. You use the WLM to
protect the content you deliver. This is a very exciting possiiblity.
5. Sign up for my Author Success
Plan to get two things in one: an example of an inexpensive Fixed Term Membership course you can
emulate to build your following, and of course, the content itself, which is based on my 32 years in
publishing, being an author and working with authors.
|