Follow the advice in this post and your life, and income, could change forever.
When I started recommending Instant Cash Generators a few weeks ago, I said there were a couple ideas that I got there that could earn me 5 figures a year each.
This is one that I acted on already.
JD had a post or an article about setting up membership sites, and he recommended a software program that makes it easy. It’s called Instant Membership Site Creator. Through JD’s link it cost something like $29 or something, and it isn’t the most elaborate script in the world, not like amember or some of the others that interface with payment processors, but I figured for the price, it would do.
Then I realized that I already had rights to IMSC through another site I’m a member of, so I didn’t even need to pay the $29. Cool.
That got me to thinking about what kind of membership site I could set up, and off the back burner came the idea for a premium area for 5 Bucks a Day. And then my mind just sort of went off on a tangent and insisted that I do something even bigger. Here we are.
Before I talk too much, here’s where you can get IMSC (it will be linked from the download area in the forum also):
http://earn1kaday.com/members/phpBB2/viewtopic.php?t=35
So why do I like the membership idea for you guys? Forget about the income I’ll make from 1KaD and how it will cause me sleepless nights and make me work 18 hour days for the rest of my life 
Forget all that, because ideally that doesn’t have to be the case if you don’t want it to.
Find a niche. Then what?
My business models have been to set up mini sites with eBay auctions and AdSense on the pages, send AdWords traffic to the pages, and collect the profits. It works.
But that won’t work for information, it only works for merchandise niches.
For information niches, here’s what you can do.
Find a niche. Research and find everything you can possibly find on the topic. Write lots of articles. Or write an eBook. Become an authority on the subject.
Or don’t go quite that far, just get to the point where you have a lot of articles.
With niches where there are lots of searchers, look around at the competition and see what the competition is doing.
What could you do better? And what premium information could you provide that people would pay a monthly, annual, or one time fee to obtain?
Your initial articles could be the basis for free downloads to get people interested, build your list, and then entice them to learn so much more by getting inside the private area.
Then what?
Either you have an ongoing income stream for the rest of your life, or …
Now that you have established that your site is making a monthly recurring income, it becomes easy to sell for a huge profit. A site that is just a site without income or rankings is worth maybe $100 or $200 depending on the number of pages and the niche.
A site that has search engine ranking is worth more.
A site that has a history of earnings is worth a multiple of the monthly earnings. People will pay for businesses. You’ll have one. If your site is making $500 a month from 50 subscribers, and there is likelihood that the right person can grow that subscriber base, and the information is already in place, only needing occasional minor maintenance, you could easily sell the site for anywhere from 6 to 20 times monthly revenue, depending on the niche.
Maybe more. If you’re only making $500 a month, and someone knows they have the skill to grow the subscriber base, they’re willing to pay more than if they figure that you’ve already maxed out the income possibilities.
Of course, they could always build their own competitive site. But, if you have search engine rankings, a base, Google PR, etc., you’re in charge. It’s a seller’s market.
What if you build your subscriber base to $1000 a month? Then the decision is harder. If you only get 6 times monthly earnings, which would you rather have $6000 cash, or $1000 a month for the foreseeable future? I know which I’d prefer. I’d rather be a buyer of a business like that.
How many little membership sites do you think you could set up in a month? In a year?
I’ve often said, you don’t have to be an expert on a niche. Nobody is born an expert in anything except crying and drooling and pooping. You can become an expert on many things that can be monetized. Here’s an example.
My wife was admitted to the hospital last August, it was a close call, it was pretty serious. When the doctors told me the diagnosis, and what needed to be done, and what kind of medication, and how long, and the options, etc., I listened and it sunk in.
I went home, logged in, went to Google, searched for the illness, and read the first half dozen sites that came up. I learned what needed to be done, what kind of medication was recommended, the options, etc. Everything the doctors told us was readily available on the internet.
It didn’t make me qualified to diagnose patients, but it did make me sort of an expert on that particular disease.
My wife’s fine now, by the way, but the point is, you can become an expert on just about anything you want, to the point of building a mini site, researching keywords, researching and writing content and articles, and if you take it far enough (which doesn’t have to be all that far), you can charge for access to those sites.
Think long and hard about this post. It could forever change your income if you let it.
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