My Business Ideas

People are willing to pay for information. Anyone who has ever purchased a book from Barnes & Noble or an ebook on the internet knows this. If you can meet a market's desire for high quality information on a regular basis, you have the means of creating a membership site that can make you an ongoing income.

If you think this business model could be right for you, there are some things you need to determine first. The first thing you should do is figure out what topic or theme to create your membership site around. A good starting point would be anything that you are passionate about or at least have a good working knowledge of. Hobbies are one area that always has interested people who are eager for new information.

Once you have a theme or themes in mind, do a bit of research to see which one has the most potential. Use your favorite keyword tool to dig into how many searches are being performed in that niche. You obviously will want a topic that a lot of people are interested in.

Once you have your theme picked out, you can begin to get your membership site set up. To start with, you'll need a domain name and a hosting account. You will want a domain that is easily recognized by people who are searching for that topic. Once you have your domain registered and hosted, you will need to find the right software or script to take care of the technical aspects.

There are many types of software on the market, each with slightly different features. Some will allow you to set up a membership site within a blog format while others require a full-fledged website. Membership sites can be set up with different formats from a membership area that is password protected to a dripfeed system where members access new content each month.

The more features that are available to your members, the higher the retention rate of subscribers. It stands to reason that you will want to keep your members interested, right? One thing that can add interest could be a member's only forum where the members can not only get support questions answered but where they can get to know and interact with each other.

Once you have your membership site up and running, the next thing to do would be to get some members. There are almost endless ways to promote your site and they don't all have to cost a lot of money. If it's a hobby-related membership site, an easy way to find other members would be to participate in forums related to the hobby. Most forums allow a signature file where you can link to your membership site.

By providing great content that your members can't find anywhere else, you will keep them interested and subscribed for a long time. With a high retention rate, your membership site can provide a steady, passive income. Membership sites are an excellent way to build an online business that will create an ongoing revenue stream. The best part is that much of the work can be automated so that you can concentrate on offering super content that will keep your membership sites running strong.

Article Source: ArticlesBase.com - Membership Sites - Create a New Income Stream