I’ve just finished watching a short video about running subscription based membership products.
A subscription membership product is where you publish content each month and the subscriber pays a monthly fee to access it… a bit like Sky, Netflix and Britbox.
I’ve talked about subscription based businesses before because they can be incredibly profitable and they are pretty easy to run.
I suggest you have a read of this article to refresh your memory How To Cash In With A Subscription Based Business.
In that article I talk about people running successful subscription businesses using Patreon.
Patreon is a platform which allows you to start a subscription business today for free.
There are several other platforms which allow you to set up a monthly subscription business today without needing any technical skills but I don’t want to focus on them now.
Today I want to discuss how to create a monthly subscription business and have it running without you needing to do anything.
Once you remove yourself from the daily running of the subscription business, you can sell it for a lot of money.
This requires planning from the start because your main focus is to not be the person creating or publishing the content.
You shouldn’t be writing articles and PDFs, unless you want to that is, you should be sitting back and allowing the system to run itself while receiving money from it.
To do this, you identify a popular market, fishing, gardening, football etc, and create a short cheap PDF or video which you sell online through a fully automated passive income system.
That one product is the ‘warmer’ warming up the customer ready for the follow up product which is a monthly subscription.
As soon as a person has bought the initial product, you offer them access to your monthly subscription product either via email or at time of purchase.
All of that process will be set up and automated.
What isn’t automated is the creation of the monthly content, but there is a way to make it hands-off for you.
You pay someone to create the content and publish it to the membership platform for you each month.
This is where you need to get your planning tight.
To make this work, you need to be earning more than what you are paying out to have the content made.
Finding a decent freelance worker from overseas who can write just as good as a native English speaker shouldn’t cost the earth.
Let’s say that for your monthly membership you publish one 2,000 word newsletter or PDF each week. That’s four pieces of content each month.
If it cost you £50 to have each 2,000 word newsletters made, that is a monthly cost of £200.
Let’s say that you think £25 a month is a fair price for the content you plan to publish, you will need eight customers to break even.
Now here’s the important thing to remember…
You only pay once for each piece of content, yet you can have many people paying you to see it.
If you had 200 people paying you £25 each month you would be earning £5,000 yet your content creation cost would still be £200.
If you had 500 people paying you £25 you would be earning £12,500 per month, your content costs would still be £200.
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If you were making £5,000 per month and your content costs were £1,000, you’d still be making £4,000 without actually having to make the content yourself.
Getting the content creator or someone else to add the content to your website would give you complete freedom to step away from the business.
Once the business is up and running and earning an income, you now have a decent asset to sell should you choose to.
Obviously, you have to get the business up and running and unless you already have an established following or email list, you will need to send people to your cheap product to get them into you funnel where you expose them to your subscription business.
That will require some work initially and quite possibly some funding. But it doesn’t have to be a lot of work or a lot of money though.
If you choose to do most of the initial work yourself, you could easily have your very own fully automated passive income system in place within 30 days.
One that is fully set up, it is set up for the duration and any sales are all processed automatically. You do not need to do anything other than show people your fully automated passive income system.
That process can also be outsourced and automated. By selling a cheap front end product, the money made can be reused on paid traffic sending people to that product.
So for example:
Cheap eBook sells for £4.99 >
Every £4.99 earned is then spent on paid traffic (advertising) >
More £4.99 sales are generated >
More money is spent on paid traffic >
A growing number of customers are shown the membership product and those who buy become your paying subscribers.
It is a brilliant business model which can be incredibly profitable.
Before you can sell a subscription to a membership product, you need to get the first product in place. The fully automated passive income system is the top of the funnel. It is the entrance to your own cave of riches.
You need that first product live online ready to make sales.
To learn more about creating your own fully automated passive income system within 30 days or less, click the link below:
www.The30DayTo30KChallenge.com
Kind Regards
John Harrison
PS… People can buy products from your fully automated passive income system at any time of the day. You do not need to do anything other than add more products to your system and offer them a subscription based membership product as soon as they have bought.
Here’s that link again: