October 29, 2009
Membership Sites And Subscriptions Far Out Perform One Time Sales
One of the bad things about marketing online is that you can sell something once and the buyer may never return. This is just the psychology of consumers, not your product or business. Unless a buyer is totally blown away by a product, that buyer probably would not buy more than one. This is even more so a problem with online marketing where the idea is to sell one product to many buyers.
The thing is, people don’t always shop this way. While it’s often lucrative to target the masses with just one product, there are other massively successful methods through which to approach online business. The ultimate form of these is through a subscription based website or service. This has several major advantages over the one-off sales method:
This group of recurring customers that result from selling a subscription service or membership will provide a sizable income every month. And, you won’t need to spend your time every month looking for more customers to sell a one time offer to them.
Recurring income beats one-off income every time.
It is much easier to sell something to someone who has purchased a service or product from you and been satisfied with that product. That is the advantage of building a large subscription group of satisfied customers to cross market to them. Seth Godin calls these a ‘Permission Asset.’
A ‘Permission Asset’ means you will be able to make additional sales to these same people as long as you keep providing good service and value to your subscription customers.
Just be sure that you don’t drop the ball and disappoint those subscribers or you will lose that permission asset. A good thing is that good custom content can be found for reasonable cost that will keep your information fresh and interesting. If you are really keen on the subject of your subsciption service you may not need outsourced product. There are many potential audiences available, some will like what you like. So, do what you love and they will also.
Much more membership marketing info here, check out the free Membership Site report. You have permission to distribute this article any way you desire as long as you keep this resource box with it. You can also include your affiliate link if you sign up at Click Here
Filed under Work From Home by Robert Price