Here are the top 7 reasons to start a membership program. There are many more but take a look at the main reasons:
1. You know how much money is coming.
2. Your bills will be covered by the residual income of a membership program so you can use your time and resources to build the business you love.
3. The money coming in is not from you trading time for dollars
4. No more ups and downs or slow months.
5. By having a steady income stream you are able to create wealth
6. You don’t have to work 8 hours a day to make it happen.
7. You create a tribe around you. People that respect your advice and talk about you to others
For more check out this program: Passive Income Bliss
Creating passive income streams online is not difficult and can bring more stability for your business. The extra effort will go to bring people to the offer.
Here are a few ideas you can use in order to create passive income online:
Membership sites- There are several different models here.
Continuity programs- service or product based
Information products- ebooks, online training etc
Sites with affiliate products
Sites with dropshipping products
Sites with your products
Ads on your blog
Many people view passive income streams online as stand alone businesses which can be quite true but don’t forget that any business can incorporate passive income streams online.
We have a webinar coming up tomorrow on continuity programs. Don’t miss.