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Generating Residual Income With Membership Sites

There are generally two types of membership sites. There are paid websites and free websites. These membership websites although different, have one important thing in common. Their memberships consists of individuals who have similar needs or share similar interests. This common bond among the membership provides the basis for lots of discussion, the sharing of thoughts and ideas, and people gaining from the experiences and knowledge of their fellow members.

Even without charging membership fees, one can still get a domain, have a site and still be able to select who to admit to that site or not. The earnings from these free membership sites eventually come from sales to members after they have joined. Once the site owners determine the interests, hobbies, and passions of the membership, it becomes much easier to provide offers that appeal to them. By getting to know your membership, and by building relationships with them, you quickly learn the problems for which they are searching for solutions, and exactly what products and services they are willing and often eager to spend money.

Free network sites are made accessible to anyone for a variety of purposes. Group sites on MSN and on Yahoo are examples of such free membership websites. There is no charge for anyone to join and it costs nothing to set up these websites. Paid moderators or administrators are usually unnecessary for these free websites.

Each site sets its own rules on how to join and the code of conduct for the website. It also features varied topics and subjects. There are many support sites available for people with health problems or concerns, and there are sites for people who are grieving the loss of loved ones. There are also sites for those who love arts and crafts like painting, pottery or knitting. For those who love to travel, there are also websites available for them. There are even sites for various age groups ranging anywhere from teens to seniors.

Membership sites usually provide software which makes it possible for chatting among its members. They also provide space for posting pictures, documents and links for each member of the site. If there is one thing these free sites may lack, it is access to exclusive lists, specialized data or certain advanced lessons and resources.

These features are usually offered by paid membership sites. These websites are built by companies or individuals with the objective of making money by charging membership fees directly for providing difficult to find information, access to specialized information or lists, or instruction in a variety of fields. The operation of paid membership sites are either done by those who own the site or those who are hired by the site owners to supervise and moderate the site. The subjects are usually broader and even more diversified and undoubtedly more in depth than those found in free membership websites.

When administered properly to the right membership, both free membership sites and paid sites can provide tremendous value to their members, by providing a venue in which they can communicate, share ideas, and benefit from the experiences of like-minded people. They also provide great value to the owners, by providing a forum in which they can learn the needs and desires of their target market, thereby increasing their sales conversions and profitability.

He has over 20 years of experience working on Wall Street in the marketing, finance, banking and insurance sectors. He also has a passion for helping people to succeed in business, by equipping them with the necessary tools and information required for entrepreneurial success. To find out more about how to make money online and to get a limited time free video training, visit
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