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POWERFUL PROFITS IN 2006
and Beyond
Learn the Key to
Increasing Your Income
through a Simple Change
You Can Make in Minutes
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Time Constraints
First up, lets look at the time
it’s going to take you to create each product type.
We’ll get into talking about resources and actually
gathering those resources later in the report, so if I
mention anything that you’re not sure about right now,
don’t worry, because it’s fully explored in later
sections, resource by resource.
First, look at single sale. Often, single sale is
actually far quicker to create than a membership site
for obvious reasons. Excluding the product itself, the
general methods single sale are the customer pays, the
customer downloads.
It’s a simple as that in most
cases. All that’s left to do with a single sale product
is create your resource gathering methods for each
resource, your list, your affiliates, your customers,
your long term customers and your joint ventures, and
obviously follow up and your sales process, a sales
letter, a download area following payment and there you
have it. Your single sale product.
Now when it comes to membership sites, things are a
little different. You still have your sales process, you
still have your sales letter, you still have you
resource gathering tools and your members’ area. The
problem comes with maintenance.
Like we mentioned earlier, it very much depends on your
product, but the general rule is single sale is harder
to create, and membership sites are harder to maintain.
It may not seem like that now,
especially if you’ve never created a membership site
before, but the more complex a project and the more
aspects it involves, the more things can go wrong.
Setting up wise, a single sale and membership site
aren’t all that different, aside from the obvious change
of reoccurring incomes from a membership site, which
often isn’t much more hassle than setting up your
affiliate program and payment processor to handle these
things, but to get the full picture we need to think
ahead a little.
Going back to the previous example I gave you about my
first venture that was packed with scripts and software
and bundled as a monthly membership, there is a lot more
to it than just the set up. Remember, with single sale,
it’s sell, download, bit of customer service if needed,
and that’s it.
With membership sites and their recurring incomes,
packed full of members that expect high standards from
month to month, expect to have to carry out regular
updates, especially if the content isn’t pre-written, or
you’re selling monthly access to software.
Things go wrong, new software is released; think about
what you’re actually doing here. Especially if your
membership site comprises of software, it’s not just
your information and marketing tools and notes, and
feedback that you’re looking after. If something goes
wrong with any customers’ service, you’ll need to fix
it.
When updates are regularly being released, and customers
are paying a recurring income, it’s not unusual
especially with software again, that you may have to
bring in programmers to fix problems, you may have to
update scripts regularly, even the look, or the layout,
and even keep updating the content to keep ahead of your
competition and keep your members interested.
Even if you’re not selling software, this can also be
the case for affiliate systems for example. If your
recurring affiliate system makes an incorrect
calculation somewhere along the line, unless you’re a
programmer yourself, or know one, it’s likely going to
require outside work.
Meanwhile, while all of this is going in within the
membership site, what’s happening with your single sale
products? Well, people are reading the sales letter,
buying, downloading, and possibly requesting customer
service.
There is minimal maintenance.
Even if something goes wrong with your affiliate script
to tie in with the previous example, because people are
only earning one time commissions, it’s super quick and
easy to fix compared to a bunch of scripts being
updated, and having to search through data that is still
live and fix any problems affecting the system whilst
everything is still going on.
Now I know this might seem basic,
this might seem obvious, but it gets me how many people
start up membership sites thinking it’ll be a breeze,
and admittedly, from the outside, it does look like a
breeze.
Many aspects of a membership site
nowadays can be automated, which is great for the owner
of the site and the members, but there is still far more
maintenance work to do with membership sites that there
is to do with single sale sites for the reasons given
above, and some of the problems that arise are often
harder to deal with in a live recurring membership
environment than in a single sale environment.
Let me give you two examples now coming from the
experience that I’ve had to demonstrate just this. The
differences look small, until you look at them closely
and realize just how much more work a membership site
can be. |