Membership Sites By Matt Bacak
At the World Internet Summit this month, one of the key speakers was Atlanta-based Matt Bacak. Matt first started investing his earnings at the age of 12, and in the succeeding 15 years he surpassed botched partnerships and failed businesses not to metion credit card debt and bankruptcy. He must have learned a lot from these bad times, because now, 15 years later he is a multimillionaire (he made his first million at age 27).
Along with the proper knowledge setting the picture, and his introduction showcasing pictures of his home, his Hummer, and his private et- the audience was immediately tuned in and focus to what he had to say.
Matt’s expertise is membership sites and making money from them was what he was very fond at. Here are his tips:
1. Before you launch a membership site, work out your expenses – personal and business. Write them down in a note and really understand that it costs you $x to live.
2. Determine how many memberships you need to meet expenses, e.g. if you need $5000 per month, that could be 500 memberships at $10 each per month.
3. Place thing into right perspective. What do you want? Imagine what it would be like to have an extra $5k, $10k etc per month.
Start a membership site with the following:
An Opt in page
An autoresponder
• A Front End Offer/Sales Letter
• A Membership Website and Software
• Traffic
Identify Your Market
Matt advises people to “think with the end in mind”. Offer to sell something with a bigger product in mind down the line. Think “what’s next?” He believes a great way to find a market for membership sites is to look at monthly magazines on the news stands. The people who buy these magazines are already committed to paying a certain amount each month for this information – so it is likely that they will also pay for a membership to deliver similar material. This is an excellent tip!
Driving Traffic
Matt believes that the best ways to drive traffic to membership sites are PPC (pay per click), Joint Ventures, and Article Marketing. He is also getting great results from CPV (cost per view) advertising.
Matt is running 3 multimillion dollar companies, all of which were built online. Matt’s first company grew by 1057% in 2008 alone. Matt’s several strategies saw him run one of the biggest internet promotions ever recorded on history, 14,897 customers in less than a week.
Do You Want To Learn About Setting Up Your Own Successful Membership Site?
Frank Bauer and I have created a course that is not for sale yet, but will be in a few months. Reason it is not for sale is because we are spending our time creating other membership sites. If you subscribe to my email updates, you will be alerted when it is available. Frank and I run multi million dollar membership sites and apply all the info we learn from all the best courses released into one program, so be sure to join my mailing list.
Colin Klinkert is a full time internet marketer making high six figures a year online. He runs many membership sites, one of which makes over a million a year in revenue.
Colin also blogs on his personal site about Marketing techniques, methods and news. Read more about Membership Sites.
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Tags: internet marketing, Matt Bacak, membership sites, product creation, World Internet Summit
This entry was posted on Saturday, June 6th, 2009 at 7:34 am and is filed under Internet Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.