3 Types Of Online Memberships
If you want to build recurring revenue in your online business, there are 3 approaches you can take.
Now no matter what type of business you have today, I believe you can leverage any of these models.
These will work equally well whether you want to supplement your existing revenue or build an online knowledge business.
FRONT-END MEMBERSHIPS
These are normally lower ticket memberships priced from $17 to $97 per month.
Often they are the entry point to your online business and can be used as a method to attract people into your world in a low commitment and investment way.
BACK-END MEMBERSHIPS
Back-end memberships normally have an entry requirement, which could be that they have completed a course or a program or have been a client.
Normally these backend memberships are at a higher price point starting from around $47 and going all the way up to $497.
GROUP COACHING & MASTERMINDS
Group Coaching and Mastermind groups will normally be the highest value memberships and these range from $197 per month all the way up to $2,000+ per month.