How To Make Money With Your Own Wholesale Membership Site
Setting up a wholesale membership site can be a potentially lucrative way to make money.
A wholesale membership site is essentially a website that provides information, or products, to members who pay a fee to receive access to the website. The fee can be paid monthly, annually, or the fee can be a one time payment in exchange for lifetime access.
For example, I am an affiliate of a wholesale handbag directory website which charges a one time fee, and then allows members to access the directory at any time in the future. There are other wholesale membership websites that charge on an annual basis, such as Salehoo, or even grant free access to their information, such as Wholesalecentral.com and CloseoutCentral.com
The key to success with a membership site is to update the information on a regular basis, and to ensure that the information is very useful. If you want your members to be satisfied with having to pay for access to your site, you will need to ensure that you are providing information that would otherwise be difficult for your members to find.
For instance, if you set up a wholesale membership site in which you provide listings of USA dress wholesalers, you will want to make sure that you are providing more listings than someone could easily find by doing a simple Google search. You would want to conduct a lot of research, or you can hire someone through Fiverr or Upwork, and locate hard to find dress wholesalers. You would want to update your membership site on a regular basis with new wholesalers, as well as with other resources and sources that can be of benefit to your members.
While this can sound like a lot of work, and it is a lot of work, the potential payoff can be very big.
For example, if you charge $9.99 a month for a membership, and develop a membership base of 1,000 members, that comes out to a gross revenue of $120,000 a year. You can also develop additional revenue sources such as banner ads, affiliate links, and product sales.
Once your membership site gains traction, you can launch a second membership site geared towards your current members, or on another wholesale niche.
As far as setting up the membership site, there many service providers, including Brilliant Directories, that can help you set up your site.