Launch Your Own Subscription Site & Keep The Money Coming
Lessons From Daryl and Andrew – Day 3
Imagine waking up each day, indulging in your absolute favorite hobby, helping others learn about what you do, talking about your passions with like minded individuals and doing it all for as long as you want to AND getting paid $40,000 a month to do it.
Sounds pretty darn good!
We may all chase the passive income dream, where we do nothing all day and the money keeps rolling in – and sure, no one is going to say no to that – but let’s remember that we won’t “do nothing” even if we become filthy rich. We all have ideas, things we would like to do, people we would like to help and as humans we have a desire to express ourselves creatively. Running a subscription site that lets you enjoy a hobby or passion and earn plenty from it, is a pretty good lifestyle.
How to create subscription sites was the topic of day three at the Andrew and Daryl Grant workshop. Continuing from day two on how to build an ebook business, the subscription site model is a logical progression. If you hit a hot topic with your ebook, why not go deep, create a sales funnel and offer more products to the same market under a subscription model.
Here’s some of the benefits of owning a subscription site:
- You get paid on a recurring basis
- You build a community that helps to increase referrals organically
- You foster loyalty and become an expert in your area – good for keeping the competition at bay
- You get paid on a recurring basis
It’s pretty clear what the main benefit of the subscription model is. With an ongoing cashflow source you can rely on a certain amount of money coming in each month. With that income source you can put resources into improving the service you deliver to your members, creating a nice reinforcing cycle improving the quality of what you deliver and making more money as a result.
