Start A Membership Management Software
About
Starting a membership management software requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell membership management software, or selling membership management software online, you can use this page as a guide for everything you'll need to know.
Want to learn more? You can check out our full guide on how to start a membership management software ➜
Key stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
| Office Space Expenses | $35 | $3,250 |
| Employee & Freelancer Expenses | $0 | $5,500 |
| Equipment & Supply Expenses | $525 | $5,500 |
| Website Costs | $232 | $6,500 |
| Business Formation Fees | $5,600 | $20,400 |
| App Creation Costs | $1,000 | $20,000 |
| Software Expenses | $150 | $3,044 |
| Advertising & Marketing Costs | $0 | $1,900 |
| Other Expenses | $0 | $800 |
| Total Startup Costs | $7,542 | $66,894 |
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
MemberSpace | memberspace.com | #49,184 |
|
AuthPro | authpro.com | #75,838 |
|
Breeze Church Management Software | breezechms.com | #78,409 |
|
Boutique Fitness and Gym Management Software | glofox.com | #96,397 |
|
Hivebrite | hivebrite.com | #111,147 |
|
Technology Services Industry Association | tsia.com | #112,408 |
|
Tendenci | tendenci.com | #132,825 |
|
Online Registration & Membership Management Software | amilia.com | #139,806 |
|
CSA Software | csaware.com | #205,177 |
|
YourMembership by Community Brands | yourmembership.com | #211,049 |
|
SilkStart | silkstart.com | #217,803 |
Pros & Cons
| Pros | Description |
|---|---|
| Flexibility | You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
| Ability to start your business from home | It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning! |
| Rewarding work | Starting a membership management software can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about. |
| Scalable | With businesses and processes changing daily, there will always be demand for new features, products and services within your membership management software. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers. |
| Traffic to your website | A membership management software gives people a reason to visit your website and to keep coming back to you! |
| Meaningful business connections | You never know who you will meet or get to work with for your membership management software. This could be the start of an incredible business opportunity! |
| Cons | Description |
|---|---|
| Motivation of employees | If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees. |
| High employee turnover | In the membership management software, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment. |
| Stressful work | This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments. |
| Niche Market | A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience. |
| High overhead expenses | With starting a membership management software, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below. |
| Customer churn | With a membership management software, people can cancel their subscription - which can make income unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible. |
Marketing Ideas
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1
Affiliate program
An affiliate program is a way to reward people outside your organization to share your product.
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2
Word of mouth
The most tried and true way to grow a membership management software is through word of mouth - some entrepreneurs would say it's more important than all social media.
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3
Partnerships
Starting a membership management software is all about building relationships and becoming an integral part of your community.
Many entrepreneurs make the mistake of thinking they can do everything on their own. In reality, other businesses (even your competition) and members of your community can be a huge piece of your growth strategy.
When forming any type of partnership, a lot of energy and time can go into this.
"An amazing network of founders that truly want to help each other grow their business."
