Is Membership Site Still Profitable

33 replies
Hi warriors, need your help to make a decision. Is membership site still profitable as it used to be.

Your honest contribution will be appreciated. Thanks in advance.
#membership #membership site #profitable #site
  • Profile picture of the author Rod Cortez
    Originally Posted by Innocent Akuma View Post

    Hi warriors, need your help to make a decision. Is membership site still profitable as it used to be.

    Your honest contribution will be appreciated. Thanks in advance.
    Yes, VERY profitable.

    RoD
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    • Profile picture of the author Innocent Akuma
      Originally Posted by Rod Cortez View Post

      Yes, VERY profitable.

      RoD
      Thanks for your quick reply
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  • Profile picture of the author nwik
    Membership site is absolutely profitable.

    It has not change a thing.

    It remains the way how useful it is.
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    • Profile picture of the author Innocent Akuma
      Originally Posted by nwik View Post

      Membership site is absolutely profitable.

      It has not change a thing.

      It remains the way how useful it is.
      Thanks alot
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  • Profile picture of the author pam2011
    Still profitable. Ofcourse lots of things need to happen for it to be and stay profitable. Like; Quality of product, pricing, marketing, cutomer service etc.
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    • Profile picture of the author Innocent Akuma
      Originally Posted by pam2011 View Post

      Still profitable. Ofcourse lots of things need to happen for it to be and stay profitable. Like; Quality of product, pricing, marketing, cutomer service etc.
      Great reply. Will definitely consider your advice.
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  • Profile picture of the author ChrisBa
    Originally Posted by Innocent Akuma View Post

    Hi warriors, need your help to make a decision. Is membership site still profitable as it used to be.

    Your honest contribution will be appreciated. Thanks in advance.
    Yes, but as always, the niche, the content and how you market yourself(or your site) will be the ultimate decision if you have success or not..
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    • Profile picture of the author Innocent Akuma
      Originally Posted by ChrisBa View Post

      Yes, but as always, the niche, the content and how you market yourself(or your site) will be the ultimate decision if you have success or not..
      Thanks for your contribution.
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  • Profile picture of the author answergal
    Membership sites are a wonderful and scalable business model.

    Most people are put off by the technology involved, and the marketing.

    Don't over-think or over-complicate it.

    IF you can teach people something that will give value to their lives, business or whatever... just share that with them on a membership business.

    If 5 people give you $10 a month to be on your first Tuesday of the month group phone call, you have a membership program. To make it a membership site, create a website that gives them the link to that recorded session and you have a membership site.

    #1 you must be able to give value
    #2 you must be able to put your offer in front of people who want that value

    This is a bare bones, simple example.

    It can get far more complicated, bigger price points, more members etc.

    That's why I say it is scalable.

    But start small and grow with it.

    When I was a kid I knew a guy who was nice enough to help us fix our bikes.

    When he got too busy to help us, people offered him money to do repairs.

    By the time I was an adult he had one of the largest bicycle sales and repair shapes in the state.

    That's not a membership model, but I mention it as an illustration of starting small and scaling big.
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    • Profile picture of the author Innocent Akuma
      Originally Posted by answergal View Post

      Membership sites are a wonderful and scalable business model.

      Most people are put off by the technology involved, and the marketing.

      Don't over-think or over-complicate it.

      IF you can teach people something that will give value to their lives, business or whatever... just share that with them on a membership business.

      If 5 people give you $10 a month to be on your first Tuesday of the month group phone call, you have a membership program. To make it a membership site, create a website that gives them the link to that recorded session and you have a membership site.

      #1 you must be able to give value
      #2 you must be able to put your offer in front of people who want that value

      This is a bare bones, simple example.

      It can get far more complicated, bigger price points, more members etc.

      That's why I say it is scalable.

      But start small and grow with it.

      When I was a kid I knew a guy who was nice enough to help us fix our bikes.

      When he got too busy to help us, people offered him money to do repairs.

      By the time I was an adult he had one of the largest bicycle sales and repair shapes in the state.

      That's not a membership model, but I mention it as an illustration of starting small and scaling big.
      Really appreciate your contribution. Thanks.
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  • Profile picture of the author solosolutions
    [DELETED]
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    • Profile picture of the author Innocent Akuma
      Originally Posted by solosolutions View Post

      There's still profit you can get from different membership sites.

      It still works the way it works before.

      It is one of the best ways to earn more profit online.
      Thanks you very much.
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  • Profile picture of the author celente
    we have a site that started off in 2011 $9.95 per month, and had 10 members.

    That same site now has 910 users paying us $9.95, we just keep putting 30% of profits back in to traffic like Twitter, FB, BING PPC, ppv..... and the results are fantastic.

    While not all profits, you do the math 910 x $9.95 per month. Is pretty good, and we just update the site once a month now, or I outsource it.
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    • Profile picture of the author Innocent Akuma
      Originally Posted by celente View Post

      we have a site that started off in 2011 $9.95 per month, and had 10 members.

      That same site now has 910 users paying us $9.95, we just keep putting 30% of profits back in to traffic like Twitter, FB, BING PPC, ppv..... and the results are fantastic.

      While not all profits, you do the math 910 x $9.95 per month. Is pretty good, and we just update the site once a month now, or I outsource it.
      That's really motivating. Thanks.
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  • Profile picture of the author celente
    residual income, when you work it out, and how powerful it is, there is nothing else like it.

    Just insure when you do well, to always reinvest your profits back into PAID traffic, that way it will never die, and you will have a business for life.
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  • Profile picture of the author superowid
    Membership that sells graphics, or... videos, or.. WP themes & plugins... is... the best... and never die!
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  • Profile picture of the author JohnMcCabe
    Just having a membership site doesn't guarantee a profit. Never has, never will.

    On the other hand, having a good membership site in a hungry market, properly presented and maintained, can be very, very profitable.

    Just ask Weight Watchers, Daily Burn, Netflix, even Digital Marketer.
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  • Profile picture of the author Mike Anthony
    Originally Posted by Innocent Akuma View Post

    Hi warriors, need your help to make a decision. Is membership site still profitable as it used to be.
    Yes same as in the past. Put the quality in and "drip feed" or add new content regularly and its still one of the better way of making more money off your content (provided its good).
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  • Profile picture of the author tyronne78
    A membership site can be very profitable if it's constantly updated with fresh,unique and valuable content.
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  • Profile picture of the author Mgungor
    Would you guys say that a membership site for ecommerce is profitable?
    Like lets say:
    1) They pay a monthly membership for X amount (not too much not too low)
    2) They always get the cheapest price of the product on the market in that country?
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  • Profile picture of the author Unicom19
    Banned
    Of course it is... Now it depends what's the niche.
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  • Profile picture of the author Mark Y
    I agree with the positive sentiment of pretty much everyone here.

    As an example, my first online business was a membership site that catered to a very small number of people playing a specific online game. The customer base was probably under 100,000 people on the entire planet, of which not all of them spoke English so the real number was probably less. In short, a super focused and tiny niche.

    I didn't even know what Wordpress was when I started, but a year into the project learning everything from scratch I was making a small but respectable four figures per month of income while the website basically ran on autopilot.

    On a side note, if you give great value you'll get great feedback and testimonials, and probably the most addictive thing about the whole membership website project for me was interacting with my members who'd gone on to be successful.

    For me presonally, I no longer look at other ways to make money online. It's membership sites or nothing.

    Good luck!
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  • Profile picture of the author Mgungor
    It was a general question, i had an idea for some time now but i was wondering if costumers would pay membership to have acces to items that are cheapest in the market. The main reason that i was not really convinced that it would work was simply because, not everytime will there be a product that the costumer will be interested in, even if it is within a niche.
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    • Profile picture of the author JohnMcCabe
      Originally Posted by Mgungor View Post

      It was a general question, i had an idea for some time now but i was wondering if costumers would pay membership to have acces to items that are cheapest in the market. The main reason that i was not really convinced that it would work was simply because, not everytime will there be a product that the costumer will be interested in, even if it is within a niche.
      Interesting idea, but I think you may have a problem getting members. Unless you have items that people buy repeatedly, and a wide enough selection (or a smaller selection of hard to find goods), catering to people looking for the cheapest price can be tough. By definition, they're looking for ways to NOT spend money, so proving your value may be tough.

      Most of the successful memberships I know of that are focused on selling goods cater to the other end of the spectrum. They market based on superior quality and/or exclusivity, and target people with the disposable income to indulge themselves.

      Rather than a traditional membership site, you may want to look into continuity offer where you agree to deliver a certain product at regular intervals for a set price that is automatically billed to the buyer's credit card. You keep charging and delivering until the buyer cancels.
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      • Profile picture of the author Mgungor
        Originally Posted by JohnMcCabe View Post

        Interesting idea, but I think you may have a problem getting members. Unless you have items that people buy repeatedly, and a wide enough selection (or a smaller selection of hard to find goods), catering to people looking for the cheapest price can be tough. By definition, they're looking for ways to NOT spend money, so proving your value may be tough.

        Most of the successful memberships I know of that are focused on selling goods cater to the other end of the spectrum. They market based on superior quality and/or exclusivity, and target people with the disposable income to indulge themselves.

        Rather than a traditional membership site, you may want to look into continuity offer where you agree to deliver a certain product at regular intervals for a set price that is automatically billed to the buyer's credit card. You keep charging and delivering until the buyer cancels.
        Very good point!
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  • Profile picture of the author antidajjal
    can you list down some of the best membership ?
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  • Profile picture of the author Regional Warrior
    Static is the best method priced at the $9 price point / rinse and repeat

    Jason
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  • Profile picture of the author spazz896
    I am still using the same SaaS for 10+ years, so yea membership sites work...lol
    Some come and go as the market changes... for the most part nothing has really changed.
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  • Profile picture of the author Mr Kim
    What can a membership site be, for example? I immediately come to think about online games with a montly fee or pay per items, extra "gold" and upgrades etc, or about adult sites and so on. But what kind of sites are you talking about in this thread, for example?
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  • Profile picture of the author Randall Magwood
    Originally Posted by Innocent Akuma View Post

    Hi warriors, need your help to make a decision. Is membership site still profitable as it used to be.

    Your honest contribution will be appreciated. Thanks in advance.
    Absolutely. It's another kind of continuity program. You can't go wrong with a membership site.... except if you have nobody who wants to join it LOL. Doens't matter what you sell or offer, it's still all about the marketing. But to answer your question again, yes, membership sites are still as profitable as it "used to be".
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  • Profile picture of the author NetMan
    Originally Posted by Innocent Akuma View Post

    Hi warriors, need your help to make a decision. Is membership site still profitable as it used to be.

    Your honest contribution will be appreciated. Thanks in advance.
    What???

    I mean, I cannot imagine going for another business model online! Why would one want to sweat for anything else than building recurring revenue streams? Whether it is through a coaching program, a SaaS or a MEMBERSHIP site!

    Take care!
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  • Profile picture of the author Ralph83
    I even think that the concept of membership sites will continue to grow in popularity! Even YouTube is rolling out memberships (users can subscribe to channels). So people will get used more and more to the idea of having to pay for (quality) online content, instead of getting everything for free.
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  • Profile picture of the author Oziboomer
    Originally Posted by Innocent Akuma View Post

    Hi warriors, need your help to make a decision. Is membership site still profitable as it used to be.

    Your honest contribution will be appreciated. Thanks in advance.
    Just remember that people may initially join for the content but they usually stay for the community.

    If you can continue to deliver value and build a responsive community then you ensure your membership model is profitable and sustainable.

    Think about incorporating forum-like engagement and you increase the "stickiness" of members.

    Personally I run livecasts for members to my sites and the community aspect is what keeps them alive.

    If you can try to incorporate something like Xenforo https://xenforo.com

    ...or add a Facebook group or G+ group and be active in them to keep members engaged.

    Best regards,

    Ozi
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