Build Your Subscription-Based creator community platform using Fanso

There’s a reason why creators and entrepreneurs want to start a subscription-based community platform. It brings in recurring revenue and presents a sustainable business model for creators. This trend is everywhere, with individuals and brands adopting premium subscription business models in one form or another.

If you are brainstorming about how to create a subscription website, then this blog can guide you with useful insights.

How does the subscription business model work?

Subscription platforms give creators a unique opportunity to generate sustainable revenue. The success of a subscription website depends on the value your followers get once they join your community. Subscription platforms find success regardless of what is offered- Be it blogs, podcasts, videos, or online courses. But, it all comes down to the value when there is a paywall behind the products and services offered.

Steps to create a subscription website

Now that you know about the working of subscription websites let’s look at what you will need to launch one. Here are steps to creating a subscription-based community platform.

Find a motivating purpose

The first step to building a subscription-based community platform is to have a well-defined motivating purpose. Think about the reasons why you want to create a community. And if you are transitioning a community, find valid reasons about why you are making this move. It will be a lot easier to drive your community forward with a clear motivating purpose. Validate your subscription business idea

After you have found the motivating purpose, you will have to validate your business idea. This helps to determine whether or not there is a demand for your offerings. An easy way to do this is to identify and learn more about the competitor businesses that are offering products and services similar to you. You can do a Google search or use other SEO tools to see if your niche and keywords related to it have a good search volume. If the search volume is higher, it means more users are searching for what you are offering. Higher search volume also means you have a viable business idea.

Know who you are trying to target

Understanding who you are trying to target- Who are they, what they want from your subscription site etc. is important to create a successful community platform. If you try creating a subscription-based community platform and transition your existing community over it, you are going to lose some audience. Every person in your audience may not be right for your new business. Have an idea about your target audience so that you can curate a great experience for your most loyal followers. Defining your ideal audience means you can better appeal to them with tailor-made content, marketing strategies, and more.

Choosing the right software

Back in the day, creating a website with all the functionalities you would need for a community platform, was a costly venture. But now, it has become much more effortless, thanks to an all-in-one software platform equipped with website builder tools, community management tools like Podia.

If you are looking for how to create a subscription website in the easiest way, here is the answer- use a readymade script.

Not all subscription-building software platforms are built the same. Choose a clone script like Fanso.io , which is a white label solution to create a subscription platform with a user-friendly interface and a modern design . The clone script helps create a customizable community marketplace that meets your business targets.

Here are some of the features provided by Fanso:

• Live streaming
• Subscription
• Creator dashboard
• Social community
• eCommerce store
• Tech and integrations

Making your subscription website unique

Starting your business with a small audience is an advantage. You will be able to craft a more intimate experience for your followers, something that you would be unable to do if the community size is large. Take time to create a unique experience for your followers. Reach out personally to new fans, send them a personal note, get them on a video call with you, or offer any experience that makes your relationship with your fans more special.

It is worth noting that your loyal followers will do the marketing for you. Creating and maintaining a strong relationship is one of the ways you can keep your followers happy and strengthen your marketing efforts naturally.

Figure out a revenue generation plan

Another important thing you have to nail down to build a community-based platform is revenue generation. There isn’t a perfect answer for the best monetization plan as it varies with the nature of your business and final goals.

However, here are some tips to make it easier for you.

Experiment with bundles and tiers

For most users, having the ability to choose between several options is a major advantage. As your community continues to grow, the needs of your community members will also change. Hence it is a great idea to keep experimenting with tiers and bundles for your subscription packages.

If you create two videos and charge a flat rate of $30 for each, you can bundle the videos together and charge $50 to your members. Try starting at a premium price and adjusting by offering discounts if you are not getting the results you want.

Price for the value you offer

For some subscription platforms, charging a flat rate for access will be more suitable. Whereas for some, charging a monthly fee makes more sense. Whatever be the method you choose, never offer your products or services below their worth.

Let the world know about you

The final step of building a subscription website is telling the world about your community. If you don’t have an established follower base, start out with the close people you know. Your people will hype you up to their close network as well. If you already have a few followers on social media or any other platform, let them know about your subscription platform. You can also be active on social media and engage your audience. This will help you get more people to join your subscription platform. Conclusion

The work involved to create a subscription-based community platform is not easy. But what does make your work easy is choosing a platform that comes with all the tools to succeed natively without having to rely on multiple tools.

Whether you are just about to launch your subscription website or looking for tips to improve your website, I hope these insights will help you create a position for yourself in the market.