Residual Income Home Business; The Downside
While many of those online marketers that run a membership site are absolutely sold on the concept, there is a downside to using this model as a residual income home business.
Don’t get me wrong, a membership site is only one example of how you can reap the benefits of an ongoing monthly income, and in fact most online business opportunities offer ongoing monthly income, except for one subtle difference; it’s not automatic.
With programs such as membership sites or any other kind of residual income home business, the theory is that you do the work once, and then reap the financial benefits for years to come, on a monthly basis. Your customers eagerly give you their money each month, and you don’t have to do any more. But is that really the case?
Imagine for a moment that you are a product owner, and you sell one product to one customer. Apart from any teething troubles, such as problems with downloads, once you have their money and they have their product, the transaction is essentially over.
When you look more closely at the membership site model, you find that, although you have a residual income home business, your responsibility to your members is quite intensive. There would appear to be far more stress involved, particularly when you have an obligation to provide top notch customer service on an ongoing basis in order to keep your members.
Not only this, but you also have the additional challenge of ensuring that you provide value for money on a monthly basis, in order to stop your members voting against you with their unsubscribe button.
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