304: Don’t Be Forgotten or Passed Over Online, Create a Membership Site Instead
Do you fear being "forgotten" online? What if you put in all this time, money, and energy, and it doesn't lead to making money?
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What if, 1.5 years from now, you look back and realize that all the work you've done building an internet presence, putting in the work day-in and day-out, pursuing your dream, all amounted to nothing? (scary)
I'll be completely honest. You SHOULD be afraid of time running out, and going out of business, but (possibly) not for the reason you think...
Worried About Online Competition? You SHOULD Be!
- YouTube users watch over 1 billion hours of video content per day, and according to the Wall Street Journal, that's set to eclipse TV viewership in 2017.
- Over 6,000 books are published PER DAY according to UNESCO (United Nations Educational, Scientific and Cultural Organization), (1200 in China and 800 from the U.S. alone -- every single day)
- As of late 2016, 60 million business are actively marketing on Facebook (4 million of them using paid ads)
Are You Worried About Giving Up, Burning Out, or Quitting?
According to the U.S. Small Business Administration, there are 28.8 million small businesses in the United States, and only one-third survive ten years. 82% of businesses fail because of cashflow problems, either not being cashflow-positive or from mis-management.
The U.S. Census Bureau reports that: 400,000 new businesses appear every year, but in that same year, 470,000 close up shop!
The good news is: being a lean startup or "one person business" is easier that ever. According to a study performed just a few years ago, 8.6% of the U.S. workforce consists of solopreneurs and is expected to grow to 24 million people by 2018. Compare that to a McDonald's franchise that costs $750,000 in LIQUID assets to start-up, in addition to about $1 million in startup costs and now you're forced to pay up to 12% in gross sales back to that corporate office... no thank you.
And, I'm sure you've experienced those moments of doubt, uncertainty, and panic about what you're doing with this "Internet" stuff.
Are You Worried That Your Internet Business Will Eventually Fail, Leaving You With Nothing To Show But A Lot Of Wasted Effort?
- I'm sure that you have way more ideas in your head than you have time to implement in just 24 hours every day
- Chances are, you've started more projects, websites, and membership sites, than you've finished
- I imagine that, like me, you've seen one or two sites out there and been JEALOUS that they beat you to the market -- and -- probably set something up better than you had imagined
- It is my hope that you've skipped right past the low-baller stuff like affiliate marketing, CPA, solo ads and banner ads and instead looked to the low-hanging fruit of making money online: membership sites
Now, have you thought about this?
What If, Without A Guide, You Sort Of "Fudge It" And Crank Away From Membership Content?
Again, without anyone to guide you, what if you created a "sales letter" and added some stuff to get people to buy?
What if you only "guessed" about price points, where to get traffic, how to setup drip content, weren't sure about membership software or where to host your site, your design (website theme)? Doesn't that seem like only 1 possible way to go right and about 200 ways to go wrong?
(In the same way you might embark on a cross-country road trip with GPS vs. no map and no direction... how likely is it, with random trial-and-error, that you'll arrive at your destination?)
Can I Make It Simple For You?
First, decide who you are and what you do. What solutions you have to offer. How can you help "me" to get what I want? (With stock trading, real estate, WordPress, etc.)?
Seriously, don't skip this. What will I HAVE at the end of your course and your training? For example, if you teach me how to sell on eBay, I shouldn't end your course with "some ideas" on how to sell on eBay. I should end with actual SOLD ITEMS on eBay! An important distinction.
Setup WordPress (I want to show you that) and install a simple membership plugin (I'll give you Wishlist Member for free too), and take payments with something like PayPal (also free, they just take a very small percentage).
Create something called a sales letter that convinces people to join, and a button where they can join and pay you money.
They pay that money, and create an account in a membership site of yours (even if they made ONE single payment with nothing recurring) to get access to some downloads.
Now, this is important.
Please Avoid "tricks!"
Don't drip content or try to pad stuff, just deliver a simple solution to a simple problem that people have.
Membership sites, including creating content, making a sales letter, getting sales, preventing refunds, and producing evergreen income, is within your grasp, as long as you give yourself permission to finish what you start.
Look, I realize that these days, you have a ton of things distracting you. But! Here is what you should NOT do if you fear having a failing online business:
- do NOT ignore everyone around you jumping on the membership site, online course, WordPress, passive income bandwagon. You will NOT wait it out! Membership sites and online courses are not fads, anymore than the Internet was a fad, or Facebook was a fad, or PayPal was a fad
- do not run into panic mode and give your content away for free, or run to low-ticket offers, or delete your list and try to sell to a "handful of $5000 clients"... without name recognition, traffic, a huge list, affiliates and JV partners, and other offers, that simply won't work
- do not continue on the path you're going now, hoping that things will stay the same. Imagine if you marketed online in 2017 with only a 2007 knowledge of how things are done? What about a 1997 mindset? You must keep up to date, and membership sites are the answer
Here's What You MUST Do Now:
- Decide that you'll create a membership site (more specifically, a course) instead of "playing" with blogging (which takes years to pick up), coaching (best way to get a coaching client, hand-holding based on your course), or thinking about it without taking any action
- Solidify what SOLUTION you could deliver to your people in four simple milestones of 60-90 minutes per milestone
These are just two of the actions you should take if you care about your future, your financial well-being, your legacy, and your family.
It's time for you to stop fearing success, stop fearing membership sites and create passive income (leverage) for yourself in 2017.
Hop on this path to get started:
Membership Cube: Create Your Membership Site Today
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Filed in: Archive 2: 2017 • Membership Sites • Podcast