Did you burn your fingers or make a fortune?
Most people who go online for making money do neither. It is very hard to become rich overnight in the virtual world. You must not make unrealistic goals for your online business so that there is no disappointment later on.
One way to start your own site and make decent amount of money too is through ‘Private Sites’. These websites provide resources, services and information to members who sign up with them after paying a certain amount of fees.
If you want to learn about its finer details, going to a financial freedom conference may be a good idea. There are many queries and doubts that can be clarified there in a single session.
The process is not hard to understand…
Go to a private website and join it after paying a one-off, monthly or annual fee.
You will get a username and password to login to your account and access required information.
Nice, isn’t it?
Within two easy steps, your website is ready. The advantage lies in regular updating of your information with good quality content so that you earn a reasonable income from it. If you offer quality information, people will take subscriptions and come back for more, even if you put little effort in additional marketing.
The trick lies in choosing a RELIABLE private site. If you ignore this part, I am sure that your website will not have consistent success. Please don’t think that it will be all play and no work. Once you start getting higher number of customers or readers, it will require regular updating (a lot of work!) to keep up with their demands.
As you can see, there are both merits and demerits of this money making technique. I will share both with you so that you can get a clearer picture about Private Websites.
Merits
- Unique product
- Lesser competition
- Direct sales to customers
- Endless sales potential
- Large amount of profits with small sales volume
Demerits
- Creating the member’s area is time-consuming job
- Regular Updating is essential
- Sound systems for managing member’s subscriptions
- Difficult to control access to private area
- Higher cost of web hosting (must be very reliable)
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