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Passive Income: 7 Membership Site Tips From A Long-Time Professional Blogger!

This post by David Risley, is part of ‘VBL Guest Post Season 2’.

Membership sites are pretty popular in the internet business arena these days. Passive income, baby!

But, let’s leave the realm of the obvious and move into something practical. Membership sites have been my focus for some time now. I’ve learned some things in the process. The following tips are some which I will pass on to you in the hope of saving you some time.

Shall we get started? 🙂

#1 – Have a front-end offer.

One of the hard truths about membership sites is that they can be hard to sell. It is a larger psychological hurdle to surpass because of the recurring billing. This is one that I’ve run right up against.

The solution is to have some kind of front-end offer. Sell something concrete that they’ll get right away when they enroll. Make it clear that they’ll be enrolled in your membership but that they can cancel any time they want.

#2 – Consider having multiple front-end offers.

When you set up your sales funnel, consider having one core membership site which is recurring. Then, you can have multiple front-end offers out there, targeting various aspects of your niche, all with your membership site being an upsell.

So, you could have, say, 5 different products out there. All of them act as bait in the water. Of course, make each of them extremely valuable for your customer. But, all of them will be lead generators for your membership site in the upsell sequence.

#3 – Have an attractive value proposition.

The days of people signing up for membership sites simply for more content are coming to an end. We are all in information overload. In that situation, people aren’t willing to buy more information – at least in the usual form.

So, you must ask yourself: WHY would people enroll in your membership site? What are you going to do differently in there?

#4 – Think hard about implementing member forums.

The truth is that starting up forums from scratch is incredibly difficult. You really have to build up a momentum before it will work consistently for you. For many, forums become a drag. You have to be in there constantly sparking conversation. Unless you do so, it acts as negative social proof and gives your existing members the sense that they’re alone.

So, don’t have member forums unless you have a plan and know you can get people engaged in there.

#5 – Membership sites don’t have to be recurring.

A membership site makes a great way to distribute products. You can really deliver ANY information product via a membership site. Even an ebook could be downloaded from within a membership site… with some value-added bonuses exclusive to that site.

A membership site can be simple.

#6 – Sometimes lower price makes more money.

The amount of money you make depends on how long members stay enrolled. If you can get them to stick around longer with a lower price, often the math works out so that you’re actually making more money by charging them less.

#7 – Use a drip feed.

You can set up a membership site to work just like an email auto responder. Based on the date your member enrolls, they automatically get content distributed to them on a schedule.

The benefit of this is to make the site more passive for you. Create material once, new members consume it when they’re ready for it. This is much better than they getting everything at once (potentially overwhelming) and also have to constantly create new stuff.

I’ll leave you with this…

Membership sites are an awesome business model. If you have a useful offer for the right market, they’re awesome.

The above tips will hopefully save you some time as you move forward.

To get the plain-spoken truth on how to make money blogging, by visiting David’s blog at DavidRisley.com. To get weekly live video coaching, check out Dave’s InnerCircle, too! It rocks.

Understanding Passive Income – According to Two Virtual Entrepreneurs!

https://www.youtube.com/watch?v=qeV4jp63IRo

Following on from last week’s video with Dan Andrews from TropicalMBA.com, where we discussed Virtual Entrepreneurship, this week we attack the time-honored subject of Passive Income.

What follows is another light-hearted collection of random ramblings on the subject, peppered with a few golden nuggets of information, and a massive amount of props to my buddy Pat Flynn from SmartPassiveIncome.com (including a special appearance from Pat, too!).

I’ve discussed the subject of making money online a lot on this blog, particularly on the VBL Podcast with guests such as John Chow, Pat Flynn, Chris Garrett and Glen Allsopp to name just a few. Why? Because passive income is a massively popular subject, and shows no sign of slowing down anytime soon.

We discuss many points in this video, and break down what it means to incorporate passive income into your life as a virtual entrepreneur in general. You’ll find that this conversation was a little more serious than the first one – however, we did still have a few more out-takes for you at the end, just like last time.

If you have any specific questions on the subject of passive income that you’d liked answered, just drop them below, and likewise – if there are things that are working for you online, when it comes to your income that you’d like to share, feel free below, too.

The ‘Passive Income Threesome’, with Pat Flynn (Part 3): It’s Time for Action!

This week has a great week here at the VBL Blog. I would like to start off today’s post by thanking everyone for all the great comments. If you came over this week from Pat’s Smart Passive Income blog, and have ended up subscribing and downloading my free eBook, too – thank you. It’s awesome to have you as part of our VBL Community!

So far in our video series this week, Pat and I have discussed What Passive Income Actually Is, as well as the Different Types of Passive Income Streams you can put together. Today we’ll be discussing how to actually get those ideas into motion and seeing the creative juices flowing!

…

READ POST

The ‘Passive Income Threesome’, with Pat Flynn (Part 2): Ideas for Different Types of Passive Income

Hey! If you’re visiting via the Smart Passive Income blog, thank you for dropping by. You’ll love the content that Pat and I have put together for this video series this week!

On Monday I posted the first part of this 3-part video clip series on the subject of passive income, that I recorded with good friend and fellow blogger, Pat Flynn whilst we were both in Vegas last month for BlogWorld 2010. We had some great feedback from it – if you contributed, thank you. In that video we discussed what passive income actually is as a business model and how it fundamentally works.

In today’s video myself and Pat discuss several different passive income streams ideas that anyone out there can get involved with almost immediately – as long as you’ve got something of value to bring people, obviously!

…

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The ‘Passive Income Threesome’, with Pat Flynn (Part 1): What Actually IS Passive Income?

First up, if you’re coming over from the Smart Passive Income blog, thank you for dropping by. You’ll love the content that Pat and I have put together for this series!

As some of you might already know, passive income is a big part of living what I like to call the ‘Virtual Business Lifestyle’. It’s a subject that we’ve discussed on the blog more than once, for sure, and one of the best-received posts we’ve done on the subject was the second edition of the VBL Podcast with Pat Flynn, from the SPI Blog.

Last month, as some of you may know, I attended BlogWorld 2010 (if you haven’t read my report and checked out the video, do so here). After striking up a great friendship with Pat this year, through our online entities, several Skype conversations and the fact that we share Filipino blood (well, kinda!), it was nice to sit down with him on more than one occasion to talk, eat, laugh and discuss business. It was one evening, however, when we spent a good amount of time together, that we shot this 3-Part video clip series on the subject of passive income, that I begin unveiling today…

…

READ POST

The Key To Setting Up Your Blog For Profit!

Setting Up Your Blog for Profit

Screenshot of Robb’s Excellent Blog!

This is a guest post by Robb Sutton.

Blogging has become an incredible medium for income generation online. With thousands of internet entrepreneurs making a full-time income online through their content, thousands more eager bloggers are hitting the market to hit it big and live the life they dreamed. So there you are…wanting to start a blog but have no clue on where to start. While there is a ton of information online on how to setup a blog (you can even see my tutorials by clicking here), if you are looking to actually generate income through your content, you need to take some things into consideration before you even pick a domain name.

 

There Are 2 Types Of Income Generating Blogs

From what I have seen over the years, there are really two types of income generating blogs and you are going to fit in one of these categories.

  1. Business blogs that use regularly updated content to generate free leads for their business.
  2. Blogs that are the business generating income through advertising, affiliate marketing, information products, etc.

What may surprise you is that the plan of attack with each scenario is basically the same with differences in content production and site layout. As we look at each, one solid truth rings through…

We have to attract a buying audience and keep them on our blog.

Without a buying audience in either scenario…there is no dollars changing hands which equals no income for the blogger. You can not make income through content alone, so let’s get out there and find where the money is being made.

Finding A Buying Audience For Your Blog

If you are a company that is looking to generate more leads for your business, you are in luck. You already know who your customer base is so you can taylor your content to attract more customers. Once you get your new leads to your blog, you are going to want to capture those leads through an email newsletter and keep them up to date on what you have going on with your business. Easy enough…

If you are going to start a blog for profit, your job is a little bit more difficult. Your trick is to find a blog topic that is going to attract buying eyes to your pages so you actually have the possibility of making an income online. Here are a couple of things to look for as you come up with a blog topic (preferably one that you know a lot about…do not start a blog about blogging if you do not have a successful blog in another niche).

  • Affiliate Programs – Affiliate marketing is one of the main ways that bloggers make their income online. By referring a sale, you get a percentage commission. Easy enough right? If you have several blog topics in mind, start looking around to see if there are a lot of affiliate programs you can sign up for. If there are, chances are there is some money to be made in that niche. If you find there are not any…you might need to reevaluate where you are headed. Remember…most programs are going to be through a network like Share-A-Sale, Commission Junction or a marketplace like Clickbank.
  • Google Adsense – Google Adsense is most likely the largest online advertising platform in the world. While I don’t normally recommend relying on it for income generation, it is a fantastic tool for figuring out if advertising money is being spent in your target niche. By doing some simple Google searches for keywords in your niche, you can find out if there are advertising dollars being spent by looking at the ads on the right of the screen. If there are a lot of major players advertising, you have a niche blog topic that can attract direct advertising dollars.
  • Google Adwords – Google Adwords is the backend management for Adsense. Google provides tools to advertisers so they can taylor their ads to specific groups. By using the Keyword tool in Adwords, you can find out local and global monthly search engine queries for keyword strings in your niche. This is a great tool for figuring out how large of an audience you are trying to capture that is searching for income generating keywords online. It can also tell you want kind of content you should be writing and which keywords you should be targeting for success.
  • Size Up The Competition – If you are entering a market with very weak or no competition, you have either found an untapped resource or there isn’t any money to be made within that subject matter. When you have narrowed down your blog topic, start to look around at the competition and see how they are generating revenue. This does not mean those are the only ways to make money in that niche, but it will give you some insight into whether or not money can actually be made.
  • Can You Help Your Readers Solve A Problem? – The fastest way to make money online is to solve people’s issues within a given niche. If you can create an informational product or provide solutions (with affiliate products) that solve a person’s problem, that is your fast track to success. If you are just reporting the news, be prepared to wait until you have a massive amount of traffic to make a small amount of income.

If you keep to those theories and tips as you create your blog from day 1, you are starting off on the right foot in respect to income generating blog production. Once you have found that perfect niche for you, rock out the content and create a email newsletter to capture those leads to keep them coming back to your content. The rest will be history…

Robb Sutton blogs about blogging and how to make money online through his experience with Bike198.com at RobbSutton.com. He also teaches people how to get over $100,000 per year of free review product with blogs in Ramped Reviews.

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