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There are tons of strategies available as thousands and thousands of helpful articles abound on how to make the most money out of membership sites. What others tend to forget is that, there are 4 important pillars on what makes a membership site keen on money-making. Yes there are loads of tricks, try one, drop it if it’s not working, then move on to the next one. Read lol on at the 4 important pillars that you have to strengthen before you try out any trick.
1. Find a way to sustain the membership base.
As long as you have a paid membership website, it’s really a numbers game. Common but very successful are organic traffic, banner ads, PPC ads, and these tactics have time and again proved very consistent in terms of money making through a lot of referrals. The reason why affiliate marketing is so effective is due to the proposition that a new member won’t be able to earn if they don’t refer in a number of people, and the downlines go through the same. Bottom line, these tactics have brought in a very strong membership base that is ever sustaining. Of course new tricks will be available give it a few more years. But these have been proven over the decades and is still is working well now in league of legends terms of getting ahead with the numbers.
2. Work on your retention.
Now that you have a very strong base, it is equally important to have a strong retention rate. New members can sign up, pay now, and leave anytime – this is the general rule. Trick here is to keep them. Affiliate marketing has this in mind; members would not be able to earn if some or all of their referrals stop referring people. This is black hat; another way to do it is to reach out to all your members on a personal level. Know what they like, need and expect, plus the opportunity for them to earn in your membership website. Find out why members are not renewing membership. Promotions, marketing strategies, and earning opportunities are most of the time the driving motives on membership retention. This will also help you find out the exact kind of content you will need to gaming retain to keep sparking the interest, and the kind of information that you will need to dispose since it’s not doing well on retention.
3. Expand your profit base.
Up sell introductory products. Turn ideas into new products that will amaze people because it’s something new. Do not rely on membership alone but also sell other products and give great discounts on paying members. As long as your products are useful, you’ll be hitting a lot of birds with one stone.
4. Try other niches.
Explore partnerships, sponsorships, joint ventures, cross promotion, ad space selling, and other profit-generating exercises. This will not only boost your existing membership numbers but also, arising needs are suddenly covered. Some ventures may not produce the cash but if they’d be willing to give a complimentary gift to your members for promotion and exposure, that’s not so bad.
There are more ways to membership money making and as long as you know these 4 fundamentals of a online gaming strong membership base, effective retention, expanding profit base, and trying out other niches, money making off a membership site won’t be so difficult.
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