Hey guys

I’ve got a fantastic article for you today that you should DEFINITELY read, but first…

You may have noticed the launch of my brand new membership site Exponential List Building so it’s been an exciting time in my business.

A lot of people have jumped on board already and the feedback I’ve received so far has been fantastic. If you want to see what all the fuss is about then take a look HERE.

Anyway, back to today’s post…

If you’re interested in making 10k a month, or if you just want to earn an extra $500 or more per month, then this is for you. I’ve got a fantastic article for you today.

How To Create A 10k Per Month Business From Scratch

Oh, and I’ve also got a fantastic freebie for you that you really should grab.

Let’s go…

How To Create A 10k Per Month Business From Scratch

If you haven’t made any money online yet, then 10k per month may seem a long way off… but it may well be a lot closer than you think. If you want to hit the dizzy heights of five figures per month then you need to stop thinking of selling $27 eBooks, or creating Adsense sites, or article marketing.

If you want to create a consistent 10k per month online business, then the easiest way to do it is to create a membership site in a large market of potential customers. It must be a market where you can continue to provide information month, after month, after month. Things like dating, internet marketing, health, fitness, gardening etc. There are a lot of markets where you could position your own membership site. You don’t need to do any boring keyword research, or to assess competition, you just need to find a market where customers are already spending money.

Now, let’s work out how many members you’d have to accumulate to reach the $10,000 per month target. Of course, you may not want to earn 10k; maybe 5k will do for you; maybe you want more than 10k. It doesn’t matter with this business because you can continue to scale up your business by recruiting more members.

Anyway to earn 10k per month, you would need:

1,000 members at $10 per month
500 members at $20 per month
330 members at $30 per month
250 members at $40 per month
200 members at $50 per month
100 members at $100 per month

Choose your price point and work out a way to create value at that price. At $10 per month, simply providing one short report per month would probably be sufficient. At this price point there is limited pressure and you wouldn’t have to work your ass off every month to create the monthly content. You would however have to deal with more members which may take up a lot of your time.

At $100 per month, you’d need to provide cutting edge top of the range information in quantity and in a variety of different formats, such as audio, video, text and print. You’d need very good selling skills in able to get customers to part with $100 per month and there would be a lot of pressure on you each month to create the content. On the other hand you could give a more personal touch to each member which may enhance the value and retain members for longer.

It’s up to you which price point you go for. The most important thing is that you provide value for your members; otherwise they’ll leave in a shot.

So, hopefully by now you’ve chosen your market and your price point – now you need to work out what content you want to create each month, and create your first months content. The type and amount of content you create will be dictated by the price you decide to charge.

Like I’ve already said, at a price point of $10 per month you could create just one short 10-12 page report per month and still provide value. At $50 you’d need to create maybe one to two short reports, some premium articles, a 15 minute audio and a short video.

For Exponential List Building I’m providing at least one short report per month, at least one video, at least one audio and a few powerful articles each month – as well as making my email address available for one to one mentoring each month.

The next step is to create your first month of content. Make it some of the best content you ever produce. Show your new members exactly what value they’ll be getting from their subscription.

Next, plan out the next two months content. Do this so that you have a solid idea of what content you will be producing over the next few months so that you can tease your members with phrases like: “we’ll be discussing this in much further detail next month”. This will help with retention.

Next on the agenda is creating your salespage. The salespage would be much like if you were selling a $50 product. Take a look at my Exponential List Building salespage for an example of one that works very well.

The final step in setting up your membership is to get a script to manage both members and affiliates. I use Rapid Action Profits Member Plus because it enables me to run a fully functional protected members area and also to pay affiliates and JV partners automatically.

Once that’s installed and the membership is up and running and ready to take sales then it’s time to start finding affiliates and JV partners – because that’s how you’re gonna get to 100, 200, 500, or 1,000 plus members.

I recommend setting commissions at 50% for regular affiliates and setting up special accounts at 60-70% for partners who could bring you 20+ sales.

Finding affiliates and JV partners is the most important part of the process. It’s where the money is made. That’s why I’ve secured you free access to a fantastic video detailing exactly how to go about finding and securing JVs with top marketers in your niche.

Click Here To Watch This Free Video

Let me quickly share some words of wisdom from my friend Brian McElroy. He does over 100k per month with his membership sites, so he KNOWS what he’s talking about. If you want to discover how Brian does it, then take a look HERE.

Here’s what Brian has to say about membership sites:

“Here’s what you should do if you want to funnel a ton of people into a membership site (in any market):

1) Give away AMAZING FREE STUFF via a squeeze page. No strings attached. (Follow up with non-buyers.)

2) Have AN OVERWHELMINGLY VALUABLE risk-free trial (ding people for $1 and have them auto-bill after 14 or 30 days).

3) OVERDELIVER so people want to remain signed up.”

I hope you’ve enjoyed this article. It’s a practical, easy to implement strategy to start making five figures per month on virtual auto-pilot. Let me know what you think of it by leaving a comment below.

Plus, don’t forget to check out my brand new membership Exponential List Building to see if it provides value for you.

Talk soon,
James Penn



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