One of the ways a creator can make money online is through content exclusivity. However, creating a subscription model is the only way to put your exclusive content behind a paywall and charge a fee. The subscription model enables you to take control of your content, build a community, and enjoy a profitable and sustainable income stream.
As a result, creating a membership platform where members pay a recurring fee to access your exclusive content is one method of putting your content behind a paywall using the subscription model. So, what exactly is a membership site? What are the advantages of creating a membership model for your content? How does one go about developing a membership platform?
This article will cover everything you need to know about membership platforms, how to create a profitable and sustainable income through membership models, and how to build a free membership platform without writing a single line of code. So, if you're wondering how to make money as a content creator, keep reading to learn how to monetize your exclusive content using a membership platform.
What is a Membership Platform?
A membership platform is a website or platform where people pay a subscription fee to access premium and exclusive content or services. As a result, a membership platform is a subscription-based model that allows you to charge your audience a fee in exchange for access to premium and exclusive content, like-minded community, services, or other benefits.
Your niche and audience determine the content you provide on your membership platform. However, these contents are typically delivered as video lessons, how-to guides, webinars, courses, PDFs, or any other format convenient for the members.
Benefits Of Membership Platform
There are several benefits of having a membership platform, including having a constant and recurring income stream. As a result, more creators are adopting the membership model to make money by creating exclusive content. Among other benefits are:
Build A Thriving Community
A membership platform is a way to create a gathering of like-minded people. People love to be associated with other people with common interests, similar challenges, and other traits because it gives them the feeling of not being alone. As a result, a membership platform is a way to bring people together and build a thriving online community of like-minded individuals.
Earn Recurring Income
People value what they pay for and place a higher value on exclusive content, especially when it is relevant to their situation. As a result, a membership platform allows you to earn recurring income because the more value members receive, the more likely they are to remain members.
Establish More Credibility In Your Niche
A membership platform indicates that you are an expert in your field or have more experience assisting others facing a similar challenge. As a result, a membership platform gives you authority while signaling credibility and trust, which aids in attracting more members.
Creating A Membership Platform:
Decide On The Membership Model
This is the first stage of creating a membership platform because it involves defining the membership model. The membership model entails defining your offer, what your potential target audience cares about, the mode of delivery, and other critical questions.
As a result, you should choose a membership model and clearly understand what you want to achieve. You can, for example, choose whether to run an active or passive membership platform. If you have an active membership platform, you must devote time to running the program by hosting live sessions, one-on-one consultations, coaching sessions, and other activities.
On the other hand, having a passive membership platform means you don't have to show up but instead schedule content for members in the form of videos, instructional manuals, and so on, with no live session included.
Create A Monetization Strategy
Once the structure of the membership platform has been defined, the next step is to implement a monetization strategy, which is the pricing structure of the membership platform. When planning your monetization strategy, keep in mind the costs of creating your exclusive content and striking a balance between what your target audience can willingly afford to pay.
On the other hand, your pricing strategy should allow for different membership levels, giving your audience access to different content based on their preferences. This encourages them to always renew or upgrade to a higher membership level.
As a result, when developing your monetization strategy, you must consider several factors. Among these elements are:
- The pricing structure of comparable membership platforms in your industry.
- The cost of establishing your membership and producing exclusive content.
- Your target audience's expected budget. (To define your ideal audience, create a member persona.)
- Whether a free trial membership should be offered before asking members to upgrade their membership.
Create Your Members-only Content
Regardless of your membership model, you need to create quality content. Structuring your content depends on whether your membership is active or passive. However, you must have content readily available for members. Hence, you can create different types of content depending on your niche and the needs of your members.
For example, depending on the mode of delivery most convenient for members, you can create video content (pre-recorded or slide-only), photo and mock-up illustrations, webinars, worksheets, spreadsheets, and so on. However, regardless of the mode of delivery, the content must be accessible to members through the membership platform.
Choose Your Membership Platform
Choosing a membership platform that allows you to lock your content behind a paywall has to be the most important stage of creating a subscription-based model for your content. Once your content is ready and your monetization strategy is in place, the only thing left to do is select the best membership platform.
However, there are several factors to consider before selecting a membership platform, as this will determine how you interact with members and how easily they can access your exclusive content. Here are some factors to consider when choosing a membership platform:
Ease Of Use: the membership platform must be simple to navigate for members.
Payment Gateway: The payment gateway is an important factor when choosing a membership platform because difficulties in accepting payment will result in fewer members. As a result, consider how members outside your region can conveniently make payments.
Membership Level: Choosing a membership platform that allows for multiple membership levels is critical if you want to offer different price points for your content.
Content Structure: This is how your content appears on the platform and how members have access. Hence, the content structure differentiates the different membership-level content.
Automated Workflow: An automated workflow feature that saves time by automating platform activities such as welcoming new members, scheduling content, sending payment reminders, and many others.
Knowing what factors to consider when selecting a membership platform makes the decision easier. There are several options to pick from when choosing a membership platform. For example, you could build a membership website from scratch or buy a ready-built platform where you pay a subscription to upload your content.
On the other hand, you can create a free membership platform using an instant messaging app like Telegram or Discord. In this case, there is no need to pay a subscription fee to upload your content. For example, you can create an exclusive group or channel with a paywall using unique bot features that enable subscriptions and automatically execute tasks.
Telegram has more features and is an open-source platform that allows the integration of bots, allowing you to communicate with your members in real-time and share relevant content. Conversely, Telegram cannot receive member payments directly, which is one of the most important factors to consider when choosing a membership platform.
As a result, using a third-party bot management service, such as the Cwallet Subscription Bot, you can create a paywall for your Telegram content and receive payment from members all over the world.
Automating Your Telegram Membership Group With The Cwallet Subscription Bot
The Cwallet subscription bot allows you to create a paid membership platform on Telegram where you can share premium content with group members, such as tutorials, online courses, live sessions, videos, and so on. This content is only available to a subset of the larger community that is more invested in and engaged with your content.
The Cwallet subscription bot allows you to create three different subscription levels, each with its own set of offers. For example, your membership platform could have three different monthly subscription levels. Tier-1 is $49 for the bronze level, Tier-2 is $99 for the silver level, and Tier-3 is $149 for the gold level.
The Cwallet bot manages the group automatically, prompting participants to choose subscription levels, removing those who do not activate a subscription, and providing members with timed access based on their subscription.
Furthermore, membership subscriptions are made directly into your Cwallet account, allowing members to pay from anywhere in the world.
Why The Cwallet Subscription Bot is Unique
The Cwallet bot allows you to receive cryptocurrency payments directly from members, eliminating the need to validate their subscriptions manually. The interesting part is that there are no transaction fees when you receive payments, and payments are made directly into your crypto wallet, where deposits and withdrawals are free! In addition, the bot automatically maintains the channel payment, notifying subscribers of payment due dates and removing defaulting members.
Getting started with Cwallet is easy. Create a Cwallet account immediately, and enjoy the numerous features available such as the tip code, giveaway tool, airdrop game, mobile refills, bulk payment, invoice request, etc. Cwallet is the one solution you need for your business growth.
You now understand how to use the Cwallet subscription bot to create a membership platform on Telegram without writing a code. Follow this detailed instruction for setting up the Cwallet subscription bot to create a membership platform and grow your business using the subscription-based model.