A Final Word:  Licensing

If memberships are not for you, and you want that re-occurring income and to charge a high price and get your moneys worth for your product right away, there is one more alternative. Licensing.
 

The reason licensing can be a good alternative to membership and single sale is that holds many of the good aspects of all of both of these types of sites.

It’s low maintenance, it’s got a reoccurring aspect to it, where the customer is paying yearly or every quarter for a new license to use the product itself, it’s got all the traits of single sale, where you pull a lot of the profit from a high ticket item in a short space of time, instead of having to wait years for it, and if the customers want to keep using your product, you’re going to receive a high ticket license fee every year.

It doesn’t suit all products, that’s for sure, but this is something that I’ve been studying closely in my most recent software venture, and in some cases, mostly related to software, it works incredibly well.

Ok, that’s all we have for this section. I hope you’ve gained a little insight into each of the three types of sites and now have the ability to choose for yourself the method that best suits your product and your business.

Even though you may have stumbled across the odd bit of this section that screams obvious to you, take it from me, it’s amazing what you can miss until it hits you in the face, no matter how obvious it is. I want to make 100% sure that we’ve covered all bases with everybody so there’s as few mistakes and as many successes as possible.

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Summary