This model will usually generate less subscription income overall than the previous models, but again you will have the capital sooner to invest in your site. You will have guaranteed members for a year, but you will need to remind them to visit the site regularly with targeted marketing and newsletters.
One-off subscription
The one-off subscription model, also known as lifetime membership, is ideal for membership sites that are designed to gain more revenue from building large databases, for more details visit to www.member-site-manager.com selling products, affiliate programs, and advertising, than from just membership subscriptions.
Although you will need to update your site regularly to retain your members? interest, and keep them buying from you, there is less pressure to provide fresh content to hold onto regular subscriptions.
When you are deciding on a price for your one-off subscription, you will want to determine your lifetime membership value.
Here are a few ideas to consider.
Offer a free or reduced fee trial period. You could invite your members to join your site for a trial period of between a week and a month, to get them involved in the site.
Some of the membership site software packages available enable you to upgrade your members to fully paid membership automatically when the trial period is over.
Most membership sites that offer this trial period take the credit card details of their 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 to different content and parts of the site, depending on which subscription level they choose. Tantalize your members with limited access with the premium content they could find in the more expensive member areas.
Many membership software packages allow up to five subscription levels, including one free level.
Change your subscription model. You could offer your members monthly subscriptions when they initially join your site. After three months you could ask them if they would like to change to a quarterly subscription for a slightly reduced rate. You could even offer to take the amount that they would have saved if they had taken quarterly subscription from the start, for more details visit to www.secure-member-area.com away from their next quarter's subscription.
While this does mean that the subscription revenue you get from that customer decreases, it also means you keep that customer for a longer period, during which you can sell them other products. You also have more capital up front to spend on advertising and optimizing your site, so your revenue will increase in other ways.
Advanced Marketing Ideas
Estimate the value of your site for 1 year - let's just say for example being a member of your site for one year and having access to all the content, products and services you offer is worth $1,000.00. Take that amount and divide it by 12. That's about $83/month right?
If you want to be a successful real estate entrepreneur like Andrew Borrok, there are several tools and techniques that you should understand in order to find success in this difficult field. The first trick is to network with other entrepreneurs so you can see how they found their own paths to success. This will also hopefully help you to learn what to look for so you can find the right properties at the right price and the right time.
There are many ways to go about networking in order to find success as a real estate entrepreneur at the level that a man like Andrew Borrok has been able to find. First of all, you should start online networking through your own website and other sites like MySpace and FaceBook. These networking sites are not only useful for making business contacts with other people in the industry, but they might also help you to find prospective partners from within the country and from foreign nations who might be interested in investing with you.
If you have any illusions of an easy road to real estate success you should understand right now that it will never be easy. Andrew Borrok, for example, studied at various universities and then worked at various international firms for many years before he felt comfortable making the bold real estate moves that he is now known for. Most people find that it takes two to five years to learn the tricks of the trade. It is also often best to start small and get your feet wet with minimal investments and learning as much as you can from other people in the industry before really taking a big plunge.
A real estate entrepreneur understands that investing in properties doesn't necessarily bring overnight riches. If it did, everyone in the country would be doing it. A good real estate entrepreneur has the patience to wait for the right moment to pounce.
Both Babloo & Grojan Fabiola are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.