One of the big decisions you’ll need to make when it comes to your membership site is how much you’re going to charge. While it’s tempting to pluck a price out of thin air, that’s not a strategy that’s going to put the most profit in your pocket. Instead, use this checklist guide to determine the best and most profitable pricing strategy for your membership site!
Recall that at the start of this article I mentioned how easy it was to start an online business? The other side of that coin is that every man and his dog is doing exactly that. Online consumers are jaded, and impatient. It is not easy to convince them to spend their dollars with your relatively unknown startup because there are millions of relatively unknown startups, and most of them are complete rubbish.
Page 2 of 10CIQG Membership List (continued) ___________________________________________________________________________________________________________________________ * Fiscal year is July 1 - June 30. "•" indicates membership. ** Link not available Members Country/ Region Member* FY19 Member* FY20 Signed MOA Accrediting Council for Collegiate Graphic Communications (ACCGC) United States • Accrediting Council for Independent Colleges and Schools (ACICS) United States • • Accrediting Council on Education in Journalism and Mass Communications (ACEJMC) United States • Agencia Acreditadora AcreditAcción Chile • Agencia Acreditadora de Chile Chile • • Agência de Avaliação e Acreditação do Ensino Superior (A3ES) Portugal • Agency for Science and Higher Education (ASHE) Croatia • • • American Culinary Federation Education Foundation, Inc.— Accrediting Commission (ACFEF-AC) United States • American International University Bangladesh Bangladesh • • • American University of Armenia Armenia • • American University of Bahrain Bahrain • American University of Iraq, Sulaimani Iraq • American University of the Middle East Kuwait • Asia Theological Association (ATA) Philippines • • Association of Advanced Rabbinical and Talmudic Schools (AARTS) ** United States • • Australian Institute of Business Australia • • Aviation Accreditation Board International (AABI) United States • Barbados Accreditation Council (BAC) Barbados • Dr. Alan Bostakian ** Canada •
Apart from converting customers, there are other ways to monetize a website. If you have done a good job of persistently creating engaging, highly relevant, SEO enhanced content then it is likely your site will begin appearing on the first page of the search engine results. When this starts happening, advertisers sit up and take note. You might find offers to advertise on certain high ranking pages start trickling and then flooding in.
The math is pretty simple: the more members you have, the more money you’ll make in frontend membership fees as well as backend offers. That’s why you’ll want to make it a top priority to install a membership retention strategy that keeps members hooked, engaged and satisfied. So put this checklist to work for you from Day 1, and I think you’ll like what you see when you look at your bottom line!
Recall that at the start of this article I mentioned how easy it was to start an online business? The other side of that coin is that every man and his dog is doing exactly that. Online consumers are jaded, and impatient. It is not easy to convince them to spend their dollars with your relatively unknown startup because there are millions of relatively unknown startups, and most of them are complete rubbish.
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