The Online business tends to fall into one of two campaigns: In one campaign you have ‘internet marketers’ who do a lot of the time simply sell these ebooks, or perhaps affiliate products. And in the other camp you have the brick and mortar businesses that see the web as a way to perhaps get a few more customers and that’s pretty much it.
Either way, neither of these businesses are using the web to the fullest of its potential. Far from it. There is so much more you can do with an online business and a great example of this is to set up a membership site or a subscription product.
From there, there are then tons of additional apps, tools and services you can use in order to grow that basic model and accomplish some truly ingenious methods of generating revenue. In the full ebook, you’ll learn everything you could possibly need to know to make this happen – from how to set up a membership site with Shopify, to the types of products you can sell from one and how you can utilize apps to grow your store to the next level.
In this free report we’ll just be taking a tour of membership-sites and subscription product and in doing so, we’ll look at two very unique business’ models that go beyond their basic ‘online business’s models that we tend to see. When you take the time to look into some of the other products available and when you let yours imagination run away with you, there are some far more efficient ways to make money.
Selling a Subscription Product
The first business model is going to be selling a subscription product. As you read on you’ll see how this is even more effective than it might sound. Of course selling any kind of subscription is always a great strategy. When you sell a subscription instead of a one-off, you can set-up a recurring payment which means you’ll get guaranteed profits on a weekly, monthly or quarterly basis.
To do this, it is always a good idea to start with creating a website. If you have a live website with your own visitors, then this will make it much easier for you to sell the products because if you’ll already have the trust of those users. Next time, you’re going to need to create the shortlisted product.
There are tons of products in the market you can sell in this manner. For instance, why not take the normal ebooks you’re used to sell and break them down into multiple chapters. From this, one can then sell them as their ‘lessons’ as part of a the longer course.
You can also even sell physical products in this way. For an instance, if you sell clothing and accessories, then why not create a subscription service where your buyers gets a selection of items that go together directly each month, thereby giving them completely new and stylish outfits they can wear on a regular basis.
Also there are many sites that sells diet plans in this way – where each week or month the users who have subscribed will receive a pre-packaged lunch with all the separate ingredients and they can cook easily and stay within the guidelines of their fav diet! When other things like supplements lend themselves naturally to their subscriptions.
Now you can even set up a reseller business and buying products and then repackaging them in some kind of special ‘pack’ for your customers. There is no risk because you’re paid at the start of the month and you can also then reinvest that money into products!
Now we take this model to the next level, all you need to do is to get the some affiliates (marketers who will get commission for promoting your products) which you can do easily enough with a large number of Shopify plugins! Now you’ll have a legion of marketers promoting your monthly/weekly services.
A membership site is any websites that only requires a regular paid membership in order to unlock all of the content. This idea is that some of your contents is going to be behind a pay well – so that only premium users will get to see them.
This is also a great business model if you’re already into blogging, as it means you can get a recurring payment for a service you’re already providingto them. So, all you need to do is to ensure that the content in the members’ area is even with better quality.
You will be doing this by adding more medias (like videos or images) or by ensuring that all the topics covered are things that can’t be found anywhere else in the internet. Also Creating a members’s forum is also a great idea, as a community can become selfsustaining and that’s help you to grow your audience even bigger than others.
When you are really confident in the service that you are providing, then why not offer a month’s free membership to them. That way, your users will be able to see just what a excellent service that you’re providing with no risk and that decides for themselves if they want to sign up.
You can also even get your subscribers to contribute their own content – thereby adding even more value to users without you having to do any extra work! So there you have it – two completely different business models that utilize a recurring payment system to bring you steady, reliable income that you can benefit from for years to come.
Of course there are countless other ways one can utilize subscription services to make a stable income. In the full ebook we go into all of these in much more detail as well as covering tons of additional tips, tricks and systems.
Delve in and you’ll learn:
- How to set up your Shopify store
- The best tools and apps you can add to your store
- How to turn your store into a mobile app!
- How to set up affiliate sales
- How to market your store Other ways to charge a subscription –
- And much more