Released on: 31, December 1969
, Author: jatinder Industry: Internet & Online Press Release Summary: The membership model you decide to m
, Audience: Internet related
membership model you decide to makes an enormous differenceon the earnings that you will see today and in the future. Of course, whichmembership pricing model is right for you depend mainly on the type of site youhave.Weekly subscription models are not used very recurrently for membership sites. Theyrequire a rapid turnover of content, as members need a reason to renew theirsubscription each week. They tend to rely quite heavily on forums and blogs to keepmembers engaged.If you are using a weekly subscription model you can make more revenue than withother models. Your members will feel that they are paying small amounts, but becausethey are paying so commonly, the revenue soon mounts up. However, you will have towork hard for the extra revenue with frequent updates.One of the major problems with weekly subscription sites is members that just joinfor one week, download all the available content, and then cancel their membership.So a key to keeping your members from doing that would be to have new fresh contentadded daily/weekly but new members would not get access to back content. You couldthen charge them the same weekly fees paid to get access to back content.This is one of the most popular pricing models for membership sites. It stillrequires a lot of effort to provide fresh content every month, but the pressure is alittle less than with the weekly subscription model. Again, these sites tend to relyquite heavily on forums and blogs to keep their members engaged.Quarterly subscription membership sites sometimes make a little less subscriptionrevenue overall, but you have the benefits that you have more capital upfront fromyour members to invest in your site.You also have a assured member for three months to sell additional products to. Youdo need to keep in usual contact with your members, however, as they don t have aregular monthly or weekly payment going off their credit card to remind them aboutthe site.This model is better suited to a site that has time consuming content. One exampleof this type of content would be training courses that take place over a period ofseveral weeks.This model will usually generate less subscription income overall than the previousmodels, but again you will have the capital sooner to invest in your site. You willhave guaranteed members for a year, but you will need to remind them to visit thesite regularly with targeted marketing and newsletters.The one-off subscription model, also known as lifetime membership, is ideal formembership sites that are designed to gain more revenue from building largedatabases, selling products, affiliate programs, and advertising, than from justmembership subscriptions. Offer a free or reduced fee trial period. You could invite your members to joinyour site for a trial period of between a week and a month, to get them involved inthe site. Some of the membership site software packages available enable you to upgrade yourmembers to fully paid membership automatically when the trial period is over. Most membership sites that offer this trial period take the credit card details oftheir members up front, and then charge for the continued membership automatically,unless the member cancels. Have different access levels. Have various categories of member who have access todifferent content and parts of the site, depending on which subscription level theywant. Tantalize your members with limited access with the premium content they couldfind in the more expensive member areas. A lot of membership software packages allow up to five subscription levels,including one free level. Modify your subscription model. You could offer your members monthly subscriptionswhen they initially join your site. After three months you could ask them if theywould like to change to a quarterly subscription for a slightly reduced rate. Youcould even offer to take the amount that they would have saved if they had takenquarterly subscription from the start, away from their next quarter s subscription.For instance, maybe you have private coaching or maybe you a seminar coming up ormaybe you have a home study course. All of these could possibly be worth anywherefrom a few thousand to tens of thousands of dollars.
Source: Express-Press-Release.com
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