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POWERFUL PROFITS IN 2006
and Beyond
Learn the Key to
Increasing Your Income
through a Simple Change
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Summary
Greetings, and welcome to single
sale versus membership part two, where we'll follow on
straight away from part one and compare the two methods
of delivery, and introduce a third, very effective
middle ground, and demonstrate just why this is so
effective.
In the previous section we talked
about the flexibility of membership and limited
membership sites to turn customers into long term
customers. Now, we're going to flip the table and look
at something you can do with a single sale product far
more easily and readily than you can with a membership
site. As we noted in the previous section, much of this
depends on your product.
A lot of your promotion will be
coming from deals struck with other online marketers,
whether they happen to be your contacts, your list, your
affiliates, your customers, whoever they are, the usual
thing to do is give them your product as a preview of
the quality you're promoting, and sometimes even add
value to the deal if the prospects are interested in
your product.
When forming these types of
deals, don't expect to be able to give away a membership
as easily as you can give away a single sale product to
secure a deal, and using single sale for this purpose
makes it far easier to build trust and connect to your
prospect.
That's not to say it's impossible
with a membership site, but understand that if you go
the membership route, it's going to be harder to pull
joint ventures.
Lets briefly look at why, without
overlapping the subjects. Many budding joint venturers
on the lookout for that next sweetest deal with big
names make the mistake of assuming their product is
going to be valuable to their prospect.
More often than not, unless the
product is very focused, specialized and targeted at a
niche market, this isn't the case at all and the product
is more of a preview of the quality of your product that
they will risk their name on and promote to their
resources.
Take it from me, when you're just
starting out, if you have a membership site and are
delivering products over time that aren't pre-written
and require maintenance, it's not always easy to get
your prospect to take your word and your product at face
value.
It’s easier with single sale
because you can say 'Here it is, this is it', and they
can immediately judge whether it's of satisfactory
quality, something that's not possible with a membership
site.
You sure won't catch any of us
legit marketers promoting unreliable services. Not that
yours will be, but how do we know without extensive work
on our part? This is the brick wall I hit very hard when
I launched my first site.
The second point I'd like to make
is about the value of the actual product. Again, it's
far easier to say to someone 'Hey, here's my $1000 piece
of software' than it is to say 'hey, here's a membership
to my $30 per month membership site'. It just doesn't
hold any real value with these types of deals.
Ok lets move on now and look at
some of the tools you need to run each type of site, a
checklist of sorts and a bit of a heads up to show you
exactly what each entails. Lets start with the
membership site.
The membership site. The first
thing you’re going to need is an affiliate system
capable of calculating recurring commissions.
The second thing you’ll need is a
payment processor capable of processing the payments
you’re looking to charge, which is not as easy to find
as it sounds. Some won’t let you reoccur your billing
forever, some have trial price limits, some don’t do
free trials, some have a maximum recurring price.
Next you’ll need a membership
manager, something that ties into the affiliate program
and payment processor that revokes access from a member
on auto when they cancel. With all of that maintenance
going, you won’t have time to do all this yourself.
(Again watch out for the mail. When this is finished
you’ll be the first to know, and the first to get rather
large discount).
Next up, you’re going to need
your content. Whether it’s scripts, information,
business admin, consultation services, whatever it is,
it needs to be planted inside the members’ area.
Next on the list is your hosting.
A massively important aspect due to the importance of
keeping tools that are invaluable to your members and
possibly even their businesses functioning at all times.
Take into account your bandwidth if you’re offering
audio, or if your scripts are particularly demanding.
Freelancers-on-demand. Create
yourself an account at a freelancers’ site, Scriptlance
or Elance, or similar sites. This is handy when you need
emergency work doing. Set this one up even if you don’t
have scripts as primary product, because it takes a real
programming pro to make fixes in a live reoccurring
system without screwing anything up, something I
wouldn’t dare attempt myself. Once you have a good
programmer it’s worth sticking with them.
An autoresponder system for the
management of your resources, your list, your customers,
your affiliates, your long-term customers and for
follow-up purposes. You’re also going to need a system
of this type for notifying members of changes to the
site, cancelled memberships and so on.
That's it, that's all there is to
a membership site. It isn't a huge amount when
everything works, and it's also not expensive to set
this up at all (I launched on day one with the most
basic tools after having spent $600 on everything, bear
in mind, none of which was one off, everything script
wise was re-used over several sites, and ended up
costing me $200 per site before I upgraded my stuff).
So single sale, what’s the
difference? Let’s take a look. I won't repeat everything
we just talked about, instead, we'll just make two
simple amendments.
In single sale your affiliate
system doesn’t need to be capable of recurring incomes.
A payment processor is much
easier to find and use, and there will be no problems
with trials, trial price and length, recurring limits
and tying all of this into an affiliate system and
access manager.
That really is all there is to
it. There's not much more going on set up wise with
membership compared to single sale, so through my
experience, my advice would be don't let your budget
dictate what type of site you set up.
This is even more important with
membership sites than single sale, because quite simply
if you want to deal with any aspect of single sale
sites, you’re only dealing with them once per customer.
When you’re looking at monthly or even weekly recurring
membership sites, you might just find yourself managing
a lot of people taking up your valuable product creation
and development time to move your business forwards.
When your membership site is
automated in every way humanly possible, it makes it a
lot easier to be proactive and not get stuck in the
infinite loop of maintenance.
Next up, long term commitments
for membership sites. Be prepared. When I first started
my membership site I had no idea that it would entail so
much, and of course, when you're creating a product
closing it down doesn't even cross your mind, but due to
the heavy demand on the resources, unfortunately I had
to do exactly that, and re-open later as a limited
numbers membership site.
ahead a little better than I did,
especially if you're looking at running scripts with an
account per script per member, things can get out of
hand very quickly. Again, it depends on your product
here so I can't go into too much detail without writing
a 1200 page guide on single sale and memberships, 99% of
which would be irrelevant to your business, but look at
your product, look at how much bandwidth people are
going to be using, look at how much they'll be
downloading every month and plan carefully in this
sense, and you have a far greater chance of success.
The reason is quite simply the
customers. There’s no way that you can keep your good
name and pull down a membership site in a few days just
because it’s eating up more resources or doing something
unexpected that’s very hard or expensive to solve. It
can take months to move customers along, as they slowly
pull their resources from the site and find alternative
services.
It’s not something I like to talk
about, because it was big mistake on my part in my early
days, and no one likes making mistakes, especially when
it affects customers in this way. If you’re unsure
whether or not a membership site will go well, it’s best
to stick with single sale.
Next up, think about automation.
Automate the heck out of everything if you're going the
membership route. It’s quite possible to run a single
sale site totally un automated (but definitely not
recommended) but when membership comes into play, and
you're potentially managing hundreds, or thousands of
members on a monthly basis, that won't happen, and if
you try, you will undoubtedly find yourself in an
infinite loop of maintenance.
Some of the traits that you will
need to successfully run a membership site are as
follows:
You need to be technically minded
or willing to learn, fast. Unless you have a big budget,
when dealing with site updates, script modifications and
updates (especially if scripts are part of your product)
at the very minimum I'd suggest learning how to design
and create a site if you can't already, adding into the
mix a little PHP even if it's just for forms, which
doesn't hurt ether. Also scripts. Got your own?
Great, upload and test them
yourself, because the knowledge you gain will be
invaluable. Most scripts come with instruction manuals
and step by step install guides anyway, and believe me,
if you've installed one, you've petty much installed
them all. Doing this gave me a great insight into my
scripts and allowed me to fix problems, and change their
configurations after only one or two installs.
You don't have to be a wiz at it,
but it really is that easy and worthwhile for long-term
plans and prospects if you're on a budget. Not something
you have to do right now, but keep it in mind.
Trait number two is you need to
be quick to fix problems. If a problem arises with a
long term membership site, especially if it’s with one
of the primary tools, as we already discussed, you have
to be fast to fix it, or the members, who are often
using the tools either to run their business or an
important aspect of their daily life, will lave for a
more reliable service.
Number three relates to the first
trait. That’s have spare cash just in case. Never leave
that pot empty, even if it’s just a few hundred dollars,
there may come a time when a job arises that needs to be
fixed through live data or something that you haven’t
yet learned. Sure it’s ok if you can build sites and web
based scripts already, but for those of us (including
me) who prefer to stick to marketing side of things, a
few hundred dollars put aside in the pot as a backup
find can never hurt, and often it can help a heck of a
lot.
Trait number four is communication. Good communication
and lots of it. Again, it totally depends on your
product, but when running a membership site there’s many
ways of building trust with your customers, keeping
maintenance time down, and keeping members up to date
without taking up a bunch of your time. Communication
does all three.
For example, instead of just
putting your contact details up (which is something I
first did with my original site) take the plunge, put up
faq’s or even short snappy step by step tutorials if you
need to, especially when hosting scripts, and even a bit
of guidance when hosting content in a membership site
wouldn’t go amiss either. Members love this kind of
straight- forward time saving tool.
It’s quick, it’s one off, finish
it and it’s done, and it keeps customers in the know and
severely cuts support requests, leaving you more time to
work on your next project instead of answering e-mails
all day.
Couple this cut in maintenance
with a short note each week, site news, updates or
additional info. This does three things; first it fills
the membership area with your presence. The customers
and members know you’re there, and the place doesn’t
feel cut off and stagnant to them.
This alone was one of the prime
aspects that doubled the length of time people were
staying members and of course paying me also, and why
many claim that memberships last a shorter time than
they actually do. Five minutes of work per week to
double your income? Not bad at all. Be a good
communicator, but at the same time, the key is to keep
maintenance low with automated pre written information
for your members.
It never hurts to pop up every
now and then and pull a simple update on the entrance
page for the members either. A paragraph is all it
takes.
Finally, get it right, make it good, make it the best
you've ever created no matter what you choose.
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.
Remember, there is no correct
answer here. No one can decide but you.
To your success
 For many tips tool and resources
to help you get started on the right path, visit us at:
http://www.e-BooksMarketPlace.com
www.DigitalDollars101.com
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