9th March, 2018.
That's the day Bizain was born 🎁 . Yes, it's been 2 years.
These past couple of years have been fantastic in terms of traffic & conversion. Right now, Bizain is driving 700 to 1000 visitors a day & producing an income of about $ 500 a month. Not bad, especially considering the fact that I haven't been consistent with writing & promoting my articles.
But, what makes me uncomfortable is the fact that I haven't really done justice with my visitors & fans. I had started Bizain with a noble objective: Help & serve entrepreneurs like me. But, over a period of time, I shifted my attention towards writing affiliate-marketing optimized articles. Reason: Money.
Yes, affiliate marketing was(& is) a great source of passive income. However, does it really add value to my readers?. I was writing for affiliate marketing companies who pay me hefty commission to promote their products in my articles. Not for my readers.
Look at the following sample articles written by me in the past:
- Top 10 Richest Entrepreneurs & How They Made It
- Top 10 Dropshipping Courses In 2020
- Top 10 this & that.........
That's a wrong approach. Doing that, I'm disappointing my readers. They deserve better.
Talking of monetization, I was never a fan of display ads. That's the reason you'll never ever find a single display ad on Bizain.
So, what's left? How do I make sure that I write solely for my readers & at the same time ensure a consistent source of income?
I researched many different models on monetization & lastly zeroed on the following:
I plan to convert Bizain into a membership website. For that, I'll be writing two categories of posts. One being "Free" & the other being "Premium".
Free articles will be accessible to all including members. On the other hand, premium articles will be accessible only to members.
No, unlike other membership sites, Bizain won't charge a hefty membership fee like $ 100 a month.
Instead, I would be pricing the membership fee at as low as $ 5 a month. Yes, you heard it right. What's more?. You even get an annual discount of 20% if you decide to pay for a year in advance.
As a Bizain member, you'll get the following benefits:
- Access to all free & premium posts (via secure login)
- All new posts will directly be delivered to your inbox (so no need to login into your account time to read new premium posts)
- Cancel your account & subscription anytime
- Change your profile & billing details as & when you wish
- Help in keeping Bizain ad-free & support independent publishing
The recurring payment system will be tightly integrated with Stripe, one of the world's largest payment processor. Yes, you can cancel your subscription at any time by signing into your Bizain account.
Consulting or providing service is self-explanatory. Just writing articles about business isn't going to help everyone. There're some entrepreneurs who require specific or tailored guidance & mentorship based on their actual situation.
That's where consulting kicks in. Again, I'll obviously keep my fees as affordable as possible. Not like some of those big consulting firms who bill astronomical numbers.
The advantage of the aforesaid monetization models is that I can freely write what I think will help my readers. I'm no more going to be held hostage by those big affiliate marketing companies.
In other words, Bizain will now be funded by its readers & not corporates.
So, brace yourself for a storm. The future of Bizain is gonna be exciting - more articles, better articles & strong value.
And, hey, I've coined a new tagline for Bizain – "Get Smarter About Business". Sounds cool? ✌
I invite you to contribute your opinion in building Bizain 2.0. If you've any suggestion or idea, please mail me at email@example.com