Sunday, June 13, 2010

How to make a Recurring Monthly Income Online

   The money is in the list. You've heard or probably have read countless ebooks explaining this online strategy. It certainly rings true that without an email list selling online can be a rather slow process. An elist is your gateway to instant cash flow, you find a product, send  to your list, they buy, you profit. The cons of building a list is it takes a lot of time and effort on your part and you can't just build a list and start to send out offer after offer. You must build up a trust with your list and maintain that trust trough out the life of your subscribers/list. Once your list is established its not a sure fire bet that all or even some of your clients will buy that product offer you just sent out or the next one or even the next product. How does a budding E-entrepreneur make a decent recurring income online?
   Paid Membership.
A membership website is one of the foremost business models in use online today. You can build a membership and email list at the same time. Your customers login to their account daily or weekly to download your latest product. Recurring visitors means more traffic to your site means a higher ranking in the search engines. You can also sell a special product to your list on your home page as they will need to login from there. Your paid membership can be either a monthly or yearly recurring fee. One way to attract customers is to offer a 2 tier method membership, have a free product page, which only requires their name and email, then ask for a modest upgrade to the Gold or Premium page. You have just given them a choice they can't refuse.
Of course there are drawbacks to this venture. If you are not somewhat tech savvy you might find it a little intimidating at first, setting up a database, uploading and configuring the files, installing a payment button and so on. Maintaining your newly built site can also be time consuming, You must constantly add new products, retain a quality customer support service and like any website you have to promote it each and everyday which could be costly if you're on a small budget. These are just slight vices which you can quickly overcome with some research and knowledge on your part.
Don't allow the drawbacks to owning and operating a membership site discourage you, the benefits far out weight the initial start up stage. Once you get past the first steps to building your new membership site you'll be reaping the rewards far into the future.

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