I want to share a secret with you that will allow you to eventually be making $10,000 per month (or more if you like).
Now let me be clear, I don’t want to show you how to make $10,000 in one month, I want to show you how to make $10,000 per month.
There is a big difference there.
I have been able to make over $250,000 in one month, and yet had my worst year ever financially.
My first year saw a $95,000 month, and yet I fell into debt only 3 months later after being hammered by the government for taxes.
You see, the trick isn’t learning how to make huge sums of money all at once, the trick is to learn how to make consistent, residual profits.
You know, the kind that keep coming month after month without you having to do huge launches all the time.
If you read my post on the website that saved my business then you’ll already know that I love sites that charge a monthly subscription fee.
The concept works extremely well, no matter what the economic situation is.
Let’s do a case study.
Let’s imagine that you start a membership site that provides some sort of information on an ongoing basis, and it only costs $19.95 per month, and offers a $1 trial to get started.
Almost anybody can afford $19.95 per month, so this should be able to work in any market (which it does).
Now, let’s say you go out and work hard and only get 100 new members in your first month. This shouldn’t be too hard as one or two good JV partners could accomplish this for you.
How much money did you make?
$19.95 x 100 = $1995 - almost $2000 in your first month - not bad!
However, it gets better.
Let’s assume that you work just as hard (and well) and get another 100 members the next month.
How much money did you make?
$19.95 x 100 = $1995 - almost $2000 again!
But wait, the 100 members from the first month are charged again, making you another $1995, for a total of $3990!
Then the next month you get another 100 members, totaling 300 members.
How much money did you make?
$19.95 x 300 = $5985!
We could stop there and just make $5,985 per month (I’m sure most of you would love to be making that much - would that be enough for you to quit your job?).
Of course we could continue. After 6 months you would have 600 members, which would be making you $11,970 per month, well over our $10,000 per month goal.
Now, some of you might have caught a slight flaw in this - what about people who cancel? Well, there will be cancellations, but the trick is to make a membership site where you get more new members than you lose them, thus always increasing your monthly income.
Here is what you need in order to harness this powerful method:
1. Inexpensive software to run your membership site
2. Content
3. Traffic
That’s it! It really isn’t more complicated than that.
The hardest part for most people is creating the website, as it provides the most technical challenges.
If you have problem with HTML, PHP, MySQL, FTP, and all those fancy acronyms, and you would like to still be able to make a membership site without forking out $2000+ to a web designer and $5000+ to a programmer, then you’ll want to check this out:
www.MembershipBase.com
You can start for only $1 and have your own membership site up within just a few minutes.
Trust me, this is the secret to how I stay in business and make the money I make. I love product launches, but the real stability in my business comes from membership sites.
Matthew Glanfield