By now, you should know that running a membership site is the most profitable online business model. One membership site is very similar to magazine or newspaper business, where loyal fans will pay monthly subscription fee. On the web, you can also run such subscription based business and get paid monthly for giving away new information, video and course every month.
However, keep in mind that you still need traffic in order for your business to survive. This article will show you one way to drive targeted traffic to your website. If you need more traffic generation strategies, please refer to My Membership Empire course.
The best method would probably to drive traffic from others' websites or mailing list with affiliate program. This rule is true especially when you are selling your own product online. Think about an affiliate as marketing agent on the internet. They will refer you to new customers for commission.
Generally, if you can have more affiliates to promote your product, the more profit you will make. The faster your business would grow. That's why, you must be smart and have more affiliates to promote your product.
You can look for affiliate partners in joint venture forums like Warrior Forum or JV Notify Pro. Remember that you cannot just register and post the joint venture invite. Read and follow forum rules.
You can also attract more people to promote your product by running a contest. Offer them worthy prizes like vacation trip, cars, laptops or lots of money.
Total commission you are going to pay depend on factors like the industry, the price and your target audience. In most cases, total payout to affiliates will be higher for one competitive niche.
You need to remember that it is worth to pay generous commission. Especially when you are going to sell membership site, where the customers they referred to you will be yours forever. So, even if you made just $10 or even $5 from each customer, you can make up to $60 per year from each customer.
Think about it this way. The product is priced at $50 and it cost you $10 to create the product. If the traffic is generated on your own effort, you will make $40 for each sale. In that case, you might want to pay around $30 for affiliates. Which means, you will earn $10 profit, and the affiliate will make $30 profit for each sale.
You also need to manage affiliate tracking and payment. Of course, you can buy software and run your own affiliate program independently. However, if you want a hassle-free solution, consider using third-party affiliate tracking services like Clickbank. Clickbank will manage lots of issues related to payment processing. This includes providing a secure way to handle payment, track affiliate sales and send check to you and your affiliates each month. You can sit back and focus on everything else.
Running a successful membership site could be hard if you do it wrongly. For details, you must learn from My Membership Empire course.
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