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Selling a membership sites. How ?

by Ivancho
8 replies
Hi warriors,

I own of few membership sites and I am planing to sell only 1 of them. The reason I want to sell it it's because I need to raise funds go buy a car.

Any suggestion how should I go with that. How will the paypal subscribers move to other person account ? - they have to resubscribe i know but is their no easy way ?

Thanks I hope to hear from you soon.
#membership #selling #sites
  • Profile picture of the author Ivancho
    Thanks for your suggestion but is their no easy way :S anyone else ?
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  • Profile picture of the author digitalproductreporter
    there is no easy way with paypal as your payment processor. they need to cancel their payments to you and start sending them to the new person. offer them a discount to switch maybe?
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    • Profile picture of the author Ivancho
      Originally Posted by digitalproductreporter View Post

      there is no easy way with paypal as your payment processor. they need to cancel their payments to you and start sending them to the new person. offer them a discount to switch maybe?
      Yeah I was thinkig of this or maybe offer them 1 month free. But I thing the re-subscribers will be still low. Maybe around 50% of them will just be lazy to do the subscribtion again.

      Is their no one that have actually sold a membership site ? and could tell me how he have dealth with that ?
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  • Profile picture of the author TimKerber
    Its problematic when using Paypal for exactly the issues you spell out.

    If you controlled the information (instead of a 3rd party like Paypal), then its not a big deal at all. You simply put in the new payment gateway information (Authorize.net, Verisign, SagePay etc) and the system bills using what ever information is provided.

    It makes buying a paypal only membership site much less attractive as there would be a significant loss in members not willing to update it.

    The only possible option is if you had a unique paypal account just for that one site. MAYBE there is a way to authorize ownership changes of the account itself (and bank account details). If there was, I bet it would be a mountain of paperwork and double checking by Paypal involved. I don't know. My guess is though you are likely using a general account that you have mixed in with other assets.


    The only solution I could see is a VERY, VERY strong bribe to get them to renew on the new account.

    Tim Kerber
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    • Profile picture of the author lazfin
      Originally Posted by TimKerber View Post

      If you controlled the information (instead of a 3rd party like Paypal), then its not a big deal at all. You simply put in the new payment gateway information (Authorize.net, Verisign, SagePay etc) and the system bills using what ever information is provided.

      It makes buying a paypal only membership site much less attractive as there would be a significant loss in members not willing to update it.
      Hmmm, this problem has got me worried. I'm currently building a site that I eventually plan to sell. I was going to use memberwing plus paypal subscriptions. Now I'm not so sure. What are some good membership/transaction-provider combinations that can help avoid this problem? Thanks!
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      • Profile picture of the author digitalproductreporter
        Originally Posted by lazfin View Post

        Hmmm, this problem has got me worried. I'm currently building a site that I eventually plan to sell. I was going to use memberwing plus paypal subscriptions. Now I'm not so sure. What are some good membership/transaction-provider combinations that can help avoid this problem? Thanks!
        check out clickbank.com. I think they allow you transfer accounts and they offer a recurring billing (membership) product

        Client Contract Change Summary | ClickBank Blog

        I would shoot them an email to make sure but sounds like what you need.
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  • Profile picture of the author TimKerber
    If you have a true merchant account (Authorize.net, Verisign, SagePay, Linkpoint etc), then MemberGate connects directly through that.

    Changing the financials in an ownership change is simply a matter of the new owner putting in their new payment gateway information. The site then processes through that new one instead the old one without skipping a beat.

    Tim
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    • Profile picture of the author lazfin
      Thanks for the tips everyone! Sadly, MemberGate is waaaay out of my price range.
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