Creating Recurring Income with Membership Sites Using the Magazine Subscription Model With Andrew Lock

I thought that we would talk about one of the ways, and I believe
it’s the best way, online to get residual income.  Sometimes
this is referred to as recurring income or passive income. 
That’s money where you do the majority of the work upfront, and
then you continue to get paid over and over again, without limit,
just like a songwriter gets paid for writing a song.  They get
the royalties, and they continue to come in over the years.
Download the Complete PDF Show Notes Free for this Episode What I
find with membership sites, on any topic, is that people tend to
sign up and become a member. [bctt tweet="When people sign up for
membership sites, they join for the content and stay
for the community." username="danielhall"]That’s kind of a big
breakthrough, to understand that. They think that they want
the information, but actually, what they really want is to interact
with, connect with, share ideas with, ask for feedback from, ask
questions of, and so on, among other people who are interested in
the same topic. 6 Steps to a Successful Membership Site I’ve
developed a blueprint with six steps that I think are very
logical…A logical sequence of things that need to be done, with the
ultimate aim of having this residual income, because that means a
lot less stress in your life.  It can also lead to financial
freedom, because you know, you really can make good money from
this.  The steps are:

Step #1 is to choose a topic.

Step #2 is to pick a platform.

Step #3 is to add content (and a community, if that’s
relevant)

Step #4 is to attract members

Step #5 is to make money

Step #6 is to keep members

If you take all of these steps, you’ll have a
successful membership site. Links
Andrew's Book: Big Lessons from Big
Brands: Secrets from Big Business to Improve Your Small
Business Membership Site Success System
Membership Site Platforms: Value Addon
WishList Member Forum Software:
phpBB Accepting Payments:
PayPal Stripe Download the Complete PDF Show Notes
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