Setting Up a Money Making Membership Website - Step by Step Guide (Part 2)

In case you haven't read part 1 of this article, please click here.

How to Make Money Online with Membership Site?

Idea #1: Charge a Subscription Fee
This will be the main and steady source of income to those who choose to run a paid membership website.

Charging a subscription on a monthly basis is a great idea, but you must be able to maintain your membership site well in order to encourage your members to renew their memberships.

Since membership renewals will be your first concern, you will need to keep on adding valuable content for your members to meet their expectation. Renewals will keep a site alive and generate ongoing income for the owner.

Idea #2: Sell Advertising Space
Whether your membership site is paid or free, you can sell advertising space on your site to companies or sellers that sell products relevant to the topic of your website. You may contact these companies directly to offer you ad space or through an advertising network.

Idea #3: Sell Your Own Product
Some people build a membership site specifically to sell their products or services. You too can use this method. The products you are offering to your members have to be related to the subject of your membership site. For example, if you site topic is about guitar, then you may offer products like guitar lesson, guitar equipments, etc.

Idea #4: Sell Affiliate Product
The idea is to insert your affiliate links and banner ads into your membership site so that every member can see them and click on them. Any sale results from your affiliate ID will earn you an affiliate commission. Like idea #3, the affiliate products you are promoting must be related to the theme of your site.

Promote Your Membership Site to Get Members
Like any other types of websites, you need to drive targeted visitors or traffic to your membership site. The number of members you can get and the amount of money you can make will depend on the amount of traffic you are getting. The more traffic you get the better the result.

There are plenty of Internet marketing techniques you can use to promote your site and generate traffic. Here a short list of them:

• Pay per click (PPC) advertising
• Article marketing
• Blog and forum marketing
• Press release
• Viral marketing
• Search engine optimization (SEO)
• Social bookmarking and networking
• Buy text link
• Banner advertising
• Ezine advertising
  

Free lessons on the above online marketing techniques are every where on the Internet. Just do some searches on Google or visit Internet marketing forums and you will find free tutorials, guide, courses and content about these topics.

Apply what you learn to market and promote your website. Work hard to use some of these techniques to generate traffic. Take time to test and experiment these techniques to see which one are effective and which one are not helpful. Choose those effective techniques and use them repeatedly to generate consistent traffic to build your membership site.