Tag Archives: membership site

The Math of Making $10,000 a Month

How simple could it be to make $10,000 a month?

I once read that making money is all about the numbers and following this principle, the idea of making any amount of money daily, weekly, monthly or yearly becomes a simple thing. It’s all about math (kudos goes to all the math teachers out there).

Let’s start with the goal of making $10,000 monthly.

$10,000 is equal to:

  • 5,000 two dollar sales
  • or 1,000 ten dollar sales
  • or 500 twenty dollar sales
  • or 100 one hundred dollar sales
  • or 10 one thousand dollar sales
  • or 1 ten thousand dollar sale

No, I’m not trying to make you look dumb. Fact is, it really is that simple and it works. But why does it work?

People tend to look at the big number and most will back out because a big number is often hard to achieve. The trick therefore is to break down the big number into smaller chunks making it more manageable. Now that we’ve broken down the big number into smaller numbers, the next step is to think of a product or a service that will match our numbers.

The cheaper ones (two dollar, ten dollar and twenty dollar sales) are best for recurring type services such as membership sites. Reason being is you only have to sell once to your customers and they will keep paying you until they no longer like the service you are offering.

The more expensive ones on the other hand (one thousand dollar and ten thousand dollar sales) are best for one-time offerings such as coaching programs or seminars.

Lastly, the one hundred dollar sales can either be a high-ticket recurring program or a relatively cheap one-time sale.

Simple huh? That’s the math of making $10,000 a month.

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Top 5 Money Making WordPress Plugins

You’ve got a WordPress blog. Now you want to make money with your blog. Good news is that it’s pretty simple to do so using WordPress plugins. Here I’ve compiled a list of 5 WordPress plugins that will make money.

1. WordPress Amazon Associate

The WPAA plugin enables you to monetize your website through the use of Amazon’s Affiliate Program. By entering your amazon associate id for Amazon’s supported locales you will earn referral fees for all products users purchase through your website.

» Get WordPress Amazon Associate

2. MaxBlogPress Ninja Affiliate

Ninja Affiliate is WordPress plugin developed to imbue lethal marketing powers into your WordPress blog and instantly double or triple your affiliate marketing commissions with almost no effort on your part.

Using Ninja Affiliate, you can automatically convert any keyword in your blog to an affiliate link instantly. You can also cloak your affiliate links, track them and manage them right from your WordPress text editor.

» Get MaxBlogPress Ninja Affiliate

3. WishList Member

WishList Member is a powerful, yet easy to use membership solution that can turn any WordPress blog into a full-blown membership site.

Just unzip and upload the plugin, and within minutes you’ll have your own membership site up and running… complete with protected, members-only content, integrated payments, member management, and so much more!

» Get WishList Member

4. Scrolling Social Sharebar

This plugin does not make you money directly. Instead it helps drive traffic to your site by allowing your blog visitors to share your blog posts via social networking. As the name suggest, it adds a scrolling sharebar containing allowing people to tweet, like, stumble and more each of your posts easily.

» Get Social Scrolling Sharebar

5. All in One SEO Pack

All in One SEO Pack easily helps you optimize your blog for the search engines bringing in organic traffic. The more traffic you have to your blog, then the more money you make.

» Get All in One SEO Pack

That’s my list of the Top 5 Money Making WordPress Plugins

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Can a WordPress Blog Really Make You Monthly Recurring Income?

Ever since the concept of blogging came around, the idea of having your own space on the internet has become something so common that all of us can now be gurus in our own little fields of expertise. Blogs allow us to voice our opinion, teach stuff online, or even just rant about whatever’s happening with our daily lives.

With the rise of blogging came WordPress, a free CMS built specifically for blogging. It is arguably now the most popular blogging platform in the world and it’s growing even more by the minute with more and more people building more blogs using this easy to use platform.

Business-minded people naturally gravitated to using WordPress to build their online brands and communities and started earning monthly recurring income with their blogs. The question is, is it really feasible for beginners (a.k.a. newbies) and the general public to duplicate the success of others?

The answer is 100% YES.

In my previous blog post, I showed how easily it is for you to ask people to pay you for your content and when I say easy, I really mean easy.

Are membership sites good for business? To answer that question, here are some random sites that I’m 100% sure are making good money charging for premium content.

You can see that these sites are talking about different things – from making money to clothes shopping. Also note that I’ve only listed 10. Also worth mentioning that they all use WordPress and a plugin called WishList Member to build their business.

How much money can one make with membership sites?

Let’s do some simple math. If you charge $20 a month for access to your site and you have 100 members, that’s $2,000 a month in monthly recurring income and thats only 100 members. What if you have 1000? It all really depends on the quality and consistency of your content, no matter what niche you choose.

Not bad for some extra monthly recurring income huh? I’d suggest that you get started now. Start charging for content and begin your journey towards making monthly recurring income.  Your idea might just fit in a membership site model as well.

All these sites use WishList Member which is now powering over 40,000 websites helping people earn monthly recurring income from home. I think 40,000 websites is more than enough proof that anyone can do it.

Is WishList Member free? No BUT it’s a very small one-time investment that has helped people all over the world create successful membership sites.

Want to know more? Checkout the WishList Member video.

 

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How to Ask People to Pay You for Your Content

Before anything else I would like to tell you that this is not a new idea BUT what I am going to tell you is a very effective and proven to make money.

This idea is for you if:

  1. You like writing good content
  2. You are willing to spend at least 8 hours a MONTH (yes, you read that right) working on your site
  3. You like making money

If you think you’re qualified, then read on.

Lots of well known online marketers have membership sites and those who don’t are moving towards the same direction. If you don’t know yet, membership sites are sites (usually blogs) that charge a monthly premium for content or service.

But why would people pay for what most of the time is essentially just a blog post? The answer is – for the same reason they go to school. What you will be doing is basically build an online school about a certain topic that you are really good at.

How does one build a membership site and start charging for content?

  1. Have a WordPress blog
  2. Install the WishList Member plugin
  3. Crank some content, both free and paid content
  4. Start promoting your blog

Yup, that simple.

PRO TIPS:

  1. Produce content regularly. I would advise producing both free and paid content. The purpose of your free content is to attract people to your blog and to promote your paid content.
  2. Don’t blatantly promote your premium stuff in your free posts. Instead, all you need to do is write good quality useful content and people will naturally want more.

Post your questions and thoughts in the comments section below.

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