Member.ly Lets You Make Your own Subscription Business

Member.ly

This was a good article at Mashable on how the new site/service called Member.ly can put you into your own subscription business!

Here’s the idea: maybe you’re earning some good money once in a while selling your hand made goodies on Etsy.com or something. You sell nothing for 3 weeks and then get 15 orders. It’s hard to run, let alone, BUILD a business that way.

A “business” involves having customers who buy on a regular basis to generate regular income and profits for the business owner.

Network marketers call this “residual income”. But any subscription business is essentially the same idea… the more customers committed to buy monthly, the more predictable the income, and the more predictable the profits.

The idea is good and well established. Back before the “ebook” you remember all the “niche” book clubs for everything from history buffs to political junkies? You’d commit to buy a “book of the month”. You’d get a good discount and they’d have predictable new business.

Many businesses COULD do that from a home business making hand made goods for sale to – as you see on the Member.ly site – selling “teas of the month”.

The problem – technically – is setting up the subscription service, collecting the money, shipping the product, etc.

Member.ly allows the entrepreneur with the CONCEPT for a subscription business to automate it.

For that reason, it’s worth checking out. If you can assemble the product and sell it at a profit and get customers through advertising, publicity, etc. this service automates the key ingredients of the fulfillment process.

Here’s an example from Member.ly:Steepster:

Steepster

Leave a Comment

Your email address will not be published. Required fields are marked *