Making Money With Subscriptions

2 replies
So this a simple process on how I make money every month with Subscriptions:

Here is my overview:
I tried to find a way that I can earn residual income by doing things once. What I mean by that is, when I have someone buy something from me I want them to keep coming back and buying my other products right.

Well when people buy my ebooks or reports, I ask them to provide an email with the purchase. When they give me their email, I have an auto responder that sends them a 'thank you for the purchase' email. But at the bottom of that email I have a special offer for them.

And that special offer is a Free 1 Month Email Subscription that I send out once a week.
This weekly email is sent out to the Subscribers, and it gives them a link to a audio, video, or my private blog. It gives them tips that they would not find on my website, or daily blog.
Its more like me testing different methods out and sharing them with my subscribers and giving them the edge on how to make money using social media as well as other ways.

So this is how I do it...

I find product that is not selling as much as I want it too. And I give them a free subscription to my weekly "Tips" if they buy this product.

Now once they get this one-month FREE subscription, they will see that "hey its something I wanna keep getting". Well for them to keep receiving your emails they will need to pay "$??.00"

Once they do that, they will be in the loop and will be pretty much with you as long as you keep up the good information and provide the subscriber with material that will benefit them.

So thats where the money comes in. If they are with you month after month, that means you are getting paid buy that one person every month.

Well thats just 1 person, that might be giving you $4.99 for example.

Now what if you build a fan base, and you have about 100 Subscribers.

Math 101: $4.99 x 100 = $499

So guys, this is something that really works and should be something more people do. Because just think about it..

The more subscribers you have, the more money you will be receiving. And if you have a lot of followers, charge them some something less than $4.99.

Because if you do that, yes its less money but with more people it would equal out.

Hope that helped guys,
And please leave a reply on anything you might want to add or if you have tips for me.

#making #money #subscriptions
  • Profile picture of the author dadamson
    You need to provide value and a service that they can't get for free.

    These days basically all information is available for free online in webpages or blogs, etc. So newsletters are a bad way to collect subscription payments.

    You need to offer something which they value and actually benefits them, like a service, or pruduct. Information services tend to have a high cancellation rate.

    ...chasing your tail to gain subscribers quicker than you loose them can get very tiring...
    {{ DiscussionBoard.errors[5098378].message }}
  • Profile picture of the author CandS Marketing
    dadamson:

    i see what your saying. what i try to do is every month give my subscribers a free ebook or something that they cant anywhere else for Free or a low low cost.

    and your right "Information services tend to have a high cancellation rate."

    If i see less subscribers i always find a new way to give them something more...

    One thing i do is take requests on software, or methods that people are wanting to know reviews.. so they dont have to spend money testing, analyzing a $200 product.

    I do it for them, or one of my team members does it and we give them the pros and cons of the product.
    {{ DiscussionBoard.errors[5098499].message }}

Trending Topics