🤑🤑IMPORTANT INFORMATION 🤑🤑
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Remember when we talked about selling online courses? Well, imagine if you could make passive income by selling informational products and services. This is basically what a membership site is. You can create content and sell it as a membership. One of the big differences between online courses and membership sites, is that usually memberships sites are updated with new content. This is such a great way to get paid every.single.month!
Let break down a little example for you about how I'm making over $9,000 per month with a membership site.
I make $18 per month, per member for this specific membership. I've sold over 2,000 memberships over the last six months or so. Take into account attrition and we'll just say that only 500 people have maintained their membership. That's 25% retention rate.
That equates to $9,000 per month, every month. Pretty cool huh!
Obviously, this is a very low membership fee. Imagine if that membership would pay me $30 per member. That would be $15,000 per month!
So, I hope this gives you an idea of how powerful membership sites can really be.
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