32: How to Build a High-Value Membership Site for Recurring Revenue

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 19 December 2013

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A subscription-based business is a beautiful thing, because you have a predictable recurring revenue stream you can grow over time. Online, one of the most popular subscription business models is a membership site, where customers pay for exclusive content, exclusive networking, and exclusive access to you, the site owner.

Transcript

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0:00.0	Side Hustle Show 32.
0:02.0	Welcome to the Side Hustle Show.
0:05.0	Where aspiring part-time entrepreneurs learn how to turn their side hustle dreams into reality.
0:11.0	Because your 9-to-5 may make you a living but your five to nine makes you alive.
0:16.1	And now your host Nick Loper here. Welcome to the Side Hustle Show. This is episode 32, how to build a high value membership site for recurring revenue. I'm joined by Jonathan
0:36.9	Milligan from blogging Your Passion.com and he's an expert on this stuff so we're going to dig into it with him.
0:44.7	Now this is the kind of the country club theory that's been around for centuries in one
0:48.2	form another right? Like membership has some exclusivity and some special perks
0:52.1	that NAM members just don't get.
0:54.3	I mean, you see it with REI, you see it with American Express.
0:58.2	Except in the online world, you get to run the country club.
1:01.0	You get to be in charge.
1:02.2	And so it's super cool. One quick shout for a new
1:06.4	five-star iTunes review. This one really made my day. It's from I am U-A guy,
1:11.7	imu-a-gu a guy. One of the best already says just at the half year mark is one of the best
1:16.4	business podcasts out there and I look forward to seeing what develops I have no idea
1:21.8	who this is but if it's you
1:23.0	emu a guy send me a note let me buy you a beer or something like I said made my
1:27.4	day and I look forward to seeing how it develops too. Speaking of New Media Expo is coming up the first weekend in
1:34.8	January. Are you going to be there? It's my first time. I've heard nothing but good
1:38.8	things and I'm eager to meet up with any current or former new media side hustlers.
1:45.0	But that's enough rambling.
	...

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