Membership sites are hot - I know quite a few people on here run them. There's something cool about a recurring x people paying you x per month for providing them good content.
Unfortunately, I've never really tapped into the membership website craze... having thousands of members sign up. I have a couple of low member, low income membership sites (a few hundred a month) but have never 'hit it big'.
I've always wanted to, but one thing's held me back... how do you transfer the ownership of membership sites?
I always like my websites to have an opt out (for me) ease so if things come up I can sell them to someone that has the time. And obviously membership sites can go for a lot of money... ten people paying you $50/month and your website is worth $5,000 - $10,000.
If income is taken through Paypal, on subscription, you have to cancel all subscriptions and transfer them to the new owner once sold. Which means you'll lose a decent chunk.
You could transfer the Paypal account if it's a business one, but that isn't feasible for me given where I stay.
Anyone who's been there, done that have any tips? Thanks!