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POWERFUL PROFITS IN 2006
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Tools of the Trade
Ok lets move on now and look at
some of the tools that you’re going to need to run each
site, a checklist of sorts, or even a little bit of
hindsight to show you exactly what each entails. You
might be surprised at just how similar these are.
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The membership site. The
first thing you’re going to need is an affiliate
system capable of calculating recurring commissions.
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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 and so on.
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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.
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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.
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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.
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Freelancers on demand. Create
yourself an account at freelancers' site,
Scriptlance or Elance, or similar. This is handy
when you need emergency work done. 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.
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Autoresponder system. Of
course 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 doesn’t seem like a huge amount,
and in fact it isn’t, when everything works. It’s also
not expensive to set all this up, and the best thing
about it? Once you have everything you need, and you’ve
created one membership site, or single sale site, you
have what you need to create another, and another again
and again, making the outset costs look even less
significant.
So now we’ve had a look at the
basic tools needed for running a successful membership
site, let’s move on and take a look at what it takes for
a single site.
Without
repeating a bunch of stuff that we’ve just talked about,
I’ll tell you that actually, things are very similar
with only very slight differences.
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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’s
it. I can tell you that through my own experience, these
are the only differences in set up. As you can see
there’s not a lot more going on in the membership site
compared to the single sale site aside from the obvious
regular content updates and little bit of recurring fun
with affiliate software and payment processors.
The
conclusion? Cost is not something you need to take into
account when deciding between the three options of
membership, single sale and limited membership. Your
time and your product are the two biggest factors when
making your choice.
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