Making Money from the Free Membership Website (4 Strategies)
The growth of free membership websites can be fast - often much quicker than premium websites. However, a free membership is also the perfect double-edged weapon. How do you make money from users who are free and still keep your business going?
Since your free membership site isn't dependent on subscription fees, you'll need to be inventive in the monetization methods you use. You can utilize techniques like the affiliate marketing method and sales from e-commerce to improve your earnings.
In this piece, we'll explore 4 of the most well-known strategies that can be used to make cash from sites that offer free memberships. The article will discuss the pros and cons of each one and explain how to use each method on your website. Let's get started!
What are the reasons to consider creating an Online Membership Site for Free
Ideally, a free site for membership provides access to a substantial number of users. When compared to a paid website one that is free will attract a lot more visitors.
If your members don't have to pay for your products or services, they could have a greater likelihood of using the products and services, as well as recommend them to others. Thus, a membership that is free design can boost your brand's exposure.
In general, a membership site is free for members to access , however it's not necessarily completely cost-free. There are many ways to make money from your site without having to charge direct fees to your members.
Four Strategies for Making money from a Free Site
Just because you don't charge dues to members doesn't mean that you can't generate an income by selling your website to members only. We'll take a examine the 4 methods you can employ to increase the revenue on your site!
1. Promote Products Using Affiliate Links
Frequently an affiliate marketer will create product reviews and product round-ups. For a roundup of products, you review popular products and then link to these with affiliate URLs. This type of content tends to score high for search engine optimization (SEO) purposes because it contains multiple keywords and link, driving revenues and traffic:
The amount of money you earn from affiliates will depend upon the items or products or the. It is possible to endorse a web hosting service and earn $1 per registration - or promote a costly marketing program which offers $20 per purchase.
There are affiliate tools like Pretty Links to cloak the affiliate URLs and keep track of your results. However, don't forget to disclose the fact that you're using affiliate links to your readers:
Additionally, take care to only promote items and services that are relevant to your users. If you include irrelevant affiliate URLs, members could be disappointed and may turn away from your membership platform.
2. Sell Products on an E-Commerce Store
You can offer multiple item types to your members, including:
- Bulk goods: You can purchase products in bulk quantities at reduced prices, and then market the items in small quantities.
- Custom products: You customize or create a product yourself, manufacturing it and selling it.
- Print-on-demand: You design a product, but you never touch it. If a customer purchases the product, a third party service produces it, and then delivers it to the buyer.
The best way to sell custom merchandise is through an online membership website that is backed by strong identity, culture as well as a brand. Additionally, you could make use of your membership site to conduct market researchand poll customers on which products they like the most.
Additionally, plug-ins such as WooCommerce enable you to create a members-only store. Once you install the add-on the plugin will guide you through the entire process to start your online store, including products, as well as collecting your payments.
Remember that you'll need to provide value to your customers. Through creating products that are unique or showcasing niche products will allow you to maximize your sales as well as generate positive income from your store.
3. Register for Paid-for-Advertising
In this instance, Google Adsense is one of the biggest pay-per-click channels. A lot of websites nowadays utilize it to help with income generation through the display of product advertisements:
If a user looks at or clicks on an Google advertisement, you'll make a small amount of dollars. Although the payoff per advertisement isn't much, it's a consistent income. You also have the option to display ads until someone pays to block them by paying for premium services.
As per Alpha Investors, the site needs around 150,000 visits per month to earn $100 a day with AdSense. If your site receives significant numbers of visitors, it could add up. But, even if the site is small in size advertising revenue could be used to pay for hosting.
After you have signed up with Google AdSense, you can choose whether you want Display ads, In-feed ads, or in-article ads.
But, it is important be cautious about showing overly many ads. If your website appears full of promotional banners it could be off-putting for your customers.
4. Sell Premium Features to Your Free Membership Website
The membership sites are able to sell additional features that are premium, like other features. The model is likely to be successful as users have the option of deciding to subscribe for new features and even pay if they already see benefits to your site.
The famous fitness app Fitbit provides both complimentary memberships as well as premium subscriptions. The paid subscriptions include extra features, such as nutrition resources and advanced data collection:
Conclusion
The idea of a membership site that is free is a great method to increase visitors and grow. Additionally, it offers multiple opportunities to monetize your users as well as upgrade your accounts to premium.
In this article we have covered four essential strategies for monetizing a free website for members:
- Promote products by using affiliate hyperlinks.
- Sell products in an ecommerce store.
- Join to show ads that are paid.
- Selling the latest features.
Do you have any questions regarding monetizing your website that is free to join? Please let us know by commenting below!
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