Hey everybody welcome to the $100 MBA show where you learn how to jump off the

top ropes and body slam business with our daily 10 minute business lessons

for the real world I could I could barely hang with that one guys. I have to try these out

sometimes. I'm your host Omar Xinholm. I'm also the co-founder of the

$100 MBA, a complete business training and community online. And today you will learn why

should you build a membership-based business. So there's a lot we're going to talk

about, we're talking about the benefits, the drawbacks, how to do one, so let's get down to business.

Now before we get started, I need to define exactly what I mean by a membership-based

business now in business school or in business terms this is also known as a shared

resource-based business meaning that a organization has a bunch of resources or a

resource and they charge a fee to access this resource. So a good example of

this is like a fitness center right they they buy up a good example of this is like a fitness center, right? They buy up a whole bunch of equipment or they lease it

Wates, treadmills, you know a swimming pool and they allow people to use this resource for a monthly fee or a regular fee right so this is a great

example of a membership-based business or a shared resource business but for our

discussion today we're gonna talk talk we're going to call

it a membership-based business so you could do this you know in real life in a brick and

mortar business or you can do it online obviously now the $100 $100 is not a good example of this because you don't pay every month to access the resource.

You pay once $100 and you have access for life, right?

But there are a lot of great examples of a online membership

business and I'm going to share with them share with you some of them today,

right? So I'm going to start with an example and show you some of the benefits and the drawbacks. So the first example I'm going to start with an example and show you some of the benefits and the

drawbacks. So the first example I want to give you is a site called Yoga glow.com.

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