24 replies
Hi,

I have been thinking of getting a membership site created in the IM niche. It would cost about $6k to get it done.

But obviously you will have to spend money to promote it too.

So if for example, I wanted to make $10k a month from the membership site, does anyone know a ballpark figure of how much it would cost to get me there?

Thanks.
#membership #site
  • Profile picture of the author Mohammed Hammad2
    Why on earth would it cost you 6K to build a membership site?!
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  • Profile picture of the author Tim_Carter
    That is insane! Don't do it. I did mine for nothing but hosting, the free S2member script, a PayPal account and domain names. Not hard to do.
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    • Profile picture of the author mootonandy
      Someone else will make it for me. I'd rather pay for it to be done well than someone like me do it who has never done it before.

      But anyway, i'd need to know how much to spend on bringing in the members to make about $10k per month?

      If I had step by step instructions I could maybe do a DIY job but I don't.
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      • Profile picture of the author craig crawford
        Originally Posted by mootonandy View Post

        Someone else will make it for me. I'd rather pay for it to be done well than someone like me do it who has never done it before.

        But anyway, i'd need to know how much to spend on bringing in the members to make about $10k per month?
        Also, It depends? how much knowledge in IM do you have etc...?

        You have to be able to give GREAT content consistently... or give them a proven plan to follow...

        Or give them resources....

        What knowledge in IM do you have? There's plenty of ways out there... I guess it comes down to whether or not you are going to create it yourself.
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      • Profile picture of the author PaulSch
        Originally Posted by mootonandy View Post

        Someone else will make it for me. I'd rather pay for it to be done well than someone like me do it who has never done it before.

        But anyway, i'd need to know how much to spend on bringing in the members to make about $10k per month?
        There is no way getting this done should cost you $6k. There are plenty of people on this forum who could quote you for this type of work.

        Unless we know how much you will be charging etc. we cannot really comment on how much advertising you will need to do to achieve your target figure. Have a look at this thread and follow the links in it. Look around the forum. There's a heap of information on membership sites.
        http://www.warriorforum.com/offline-...-do-today.html
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      • Profile picture of the author Mohammed Hammad2
        Originally Posted by mootonandy View Post

        Someone else will make it for me. I'd rather pay for it to be done well than someone like me do it who has never done it before.

        But anyway, i'd need to know how much to spend on bringing in the members to make about $10k per month?

        If I had step by step instructions I could maybe do a DIY job but I don't.
        Well, that someone is totally ripping you off. Please do not do business with him for the sake of your hard-earned money!

        If you a want someone else to do, we can talk. I am a product launch manager trained by Jeff Walker. PM me if you want to talk.

        I don't mean to post it as a way of self-promotion, but that guy/girl is clearly scamming you.

        Of course you can do it yourself, but if you are looking at saving time or putting your efforts in more productive stuff like marketing and driving traffic,...etc then look for reasonably priced product(membership) launch managers.
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      • Profile picture of the author vtotheyouknow
        I can tell you from setting up membership sites full time, that whoever wants to charge you $10k is ...trying to rip you off!

        Unless you want some kind of ├╝ber-fancy functionality, your "all-in" set up cost shouldn't be more than $1k...including software. And even then, I can't imagine what could justify such a quote.

        Originally Posted by mootonandy View Post

        Someone else will make it for me. I'd rather pay for it to be done well than someone like me do it who has never done it before.

        But anyway, i'd need to know how much to spend on bringing in the members to make about $10k per month?

        If I had step by step instructions I could maybe do a DIY job but I don't.
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  • Profile picture of the author craig crawford
    There are tons of guys out there that do it... I have a web/gfx biz.. and we would charge way less then that!

    However, if you have the time and keen to learn... I suggest you do it yourself

    It helps you in the future!

    Craig
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    • Profile picture of the author Tim_Carter
      Originally Posted by mootonandy View Post

      Someone else will make it for me. I'd rather pay for it to be done well than someone like me do it who has never done it before.

      But anyway, i'd need to know how much to spend on bringing in the members to make about $10k per month?

      If I had step by step instructions I could maybe do a DIY job but I don't.


      That is about six times too much. You are being burned. Go ahead if that doesn't bother you.
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      • Profile picture of the author mootonandy
        Thanks all. I'd rather not do the IM niche but they said thats the only niche they do it for.

        But I don't know of any other niches where there are benefits of being a paying member of such a site.
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        • Profile picture of the author Lance K
          Originally Posted by mootonandy View Post

          Thanks all. I'd rather not do the IM niche but they said thats the only niche they do it for.

          But I don't know of any other niches where there are benefits of being a paying member of such a site.
          Letting someone else decide which business you should be in because it's convenient for them sounds like a recipe for disaster to me.
          Signature
          "You can have everything in life you want if you will just help enough other people get what they want."
          ~ Zig Ziglar
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        • Profile picture of the author Greedy
          Originally Posted by mootonandy View Post

          Thanks all. I'd rather not do the IM niche but they said thats the only niche they do it for.

          But I don't know of any other niches where there are benefits of being a paying member of such a site.
          Just get any product that teaches you how to build a membership site.

          They are so easy, if you want the site to be success you need to learn how to build it, so you control it.

          Take it from someone with 3 successful membership sites.
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          • Profile picture of the author mootonandy
            Originally Posted by Greedy View Post

            Just get any product that teaches you how to build a membership site.
            Do u know any good ones? Did you find getting the members and keeping them easy?
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            • Profile picture of the author Mohammed Hammad2
              Originally Posted by mootonandy View Post

              Do u know any good ones? Did you find getting the members and keeping them easy?
              There are many good ones out there especially from Ryan Desis but learning how to start membership site and set it up can be a bit intimidating and can take you a lot of time. If you have time in your side then sure go and invest in a membership sites training, if not then hire someone to do it
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            • Profile picture of the author Tim_Carter
              Originally Posted by mootonandy View Post

              Do u know any good ones? Did you find getting the members and keeping them easy?
              Most of my members in all my membership site have been with me since I opened them. For one I have 75% of my membership with me since 2007.

              For another 80% since 2009.

              For another 90% since 2011.

              Keeping them is the tricky part. You need to offer quality products every billing cycle that you have built yourself or had built SPECIFICALLY for you and your members. Otherwise it will be next to impossible to keep someone past three months.

              ** Edit - don't use the drip fed model.
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  • Profile picture of the author LukeZ
    Yes, that sounds awfully expensive! Whoever is doing that for you is ripping you off. Even the most expensive membership site plugin for Wordpress doesn't cost more than $200!

    I think you can reach your goal by doing some jv partnerships, a good launch and some paid promotion (like solo ads or adwords) and maybe spend less than $1k
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  • Profile picture of the author Mohammed Hammad2
    There are literally hundreds of other niches:

    -Weight loss (losing weight/fat, gaining muscles,.. etc)
    -Dating and relationships
    -Pet training (dog, cat, parrots,..etc)

    any niche would be okay for a membership site.
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  • Profile picture of the author nitesh
    Why not buy a site that has already been designed and developed?
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  • Profile picture of the author datingworld
    Better you follow the advises of the guys above.
    Do it yourself or hire someone who will do it for you for reasonable price.
    You can then spend $6k on promoting your site.
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  • Profile picture of the author lordspace
    Hi,

    Honestly, I think you should get a second opinion on your business model.
    I've seen customers (not that technical) who come up with one solution and hire somebody to implement it. They don't seek a consultant for a reality check.

    Every new website is like a startup. It searches for its business model.
    Nowadays, you can have a MVP (Minimal Viable Product) for under $500-$1,000.

    The less you invest upfront the more money you will have for next iterations and marketing.
    Of course I don't recommend going to the other cheapest extreme to ask somebody do it for $50...

    Lots of people are lead by the idea: do it right or don't do it at all.
    This is stupid. Edison failed 10,000 times before he invented the light bulb.
    That means that first several attempts are not going to be successful ... which is a blessing because that way we learn. We learn so much from failure than success because we are forced to look for the reasons.

    Good luck
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    Are you using WordPress? Have you tried qSandbox yet?

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  • Profile picture of the author Evocess
    It actually depend on your knowledge and experience in internet marketing.
    If you don't have enough experience maybe you can go through a lot of courses about internet marketing stuffs. It will definitely help you. OR you can hire someone who can help you with your journey.
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  • Profile picture of the author Josh Anderson
    I built a membership site in 3 days... it was ugly, I had very limited html skills, it only cost me $10 a month to host + whatever my shopping cart cost. I made $7000 my first week and made around a quarter of a million dollars with it over the next few years with almost no updates to the content.

    I probably spent less than $100 advertising it over the years...

    I had an affiliate program and my sales copy converted like crazy.

    No one can give you the estimate you are seeking. You did not provide enough detail about what it is you are building.

    The only way to come up with the stats you are seeking is to do the following:

    1. Build the membership site
    2. Launch the membership site
    3. Drive significant traffic to the membership site
    4. Find out what your conversion rate is
    5. Do the math once you know what the conversion rate is

    Originally Posted by mootonandy View Post

    Hi,

    I have been thinking of getting a membership site created in the IM niche. It would cost about $6k to get it done.

    But obviously you will have to spend money to promote it too.

    So if for example, I wanted to make $10k a month from the membership site, does anyone know a ballpark figure of how much it would cost to get me there?

    Thanks.
    Signature
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  • Profile picture of the author troy23
    6K is quite a lot.
    You can get it done for under $200 to be honest.
    All you need is a membership plugin and someone to put it all together.
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  • Profile picture of the author DirkJon
    I have pm'd you :-)
    Signature

    $2k per month (skype: jozvaldo)

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