You should create a membership site now instead of later for three very important reasons. The technology is easy to use now, the competition is not yet crowded as it will be, and there is a very little regulation at the moment which means more freedom for you.
At this point of history, it’s easier than ever to create a membership site. WordPress, the best blogging software available is free and all the bugs have been taken out of it. It is very popular. There are new add-ons such as membership site add-ons which easily allow you to store your user, store your content and have your site in one centralized location.
Bandwidth is now very fast and cheap so it’s easy to share video and things like video cameras. Video recording software is also cheap and easier than ever for any novice to start using so the technology for creating the content and holding the content is easy.
Competition is also not as crowded as it will be. Remember when you were special if you had a website? Remember when you were special if you had a blog? These days everybody has a Twitter, a blog, a website and if you sell things on the Internet, everyone has an affiliate program as well.
In the future, it’s no longer going to be anything special if you have a recurring membership site. There is simply going to be too much competition. At this point, there is not a lot of competition. This is the perfect time, right now to make a membership site because you have the technology and not a lot of competition.
What about regulation? It seems like every few months you hear about some new regulation between the states of the United States, the Federal Government, the FTC or even individual companies like Visa and MasterCard. Do you think in the future, Internet marketing and membership sites and recurring membership sites in particular are going to get less regulated or more regulated?
The answer is they’re going to get more regulated as more businesses use the Internet as the government tries to figure out more ways to tax you and establish laws telling you what not to do. That hasn’t happened yet. There is still very little regulation on the Internet so if you have an idea for a membership site, you’re going to have it made in a few days and selling in a few days and test it in a few days and not have to fill out a bunch of paperwork.