$1.5 Billion for a Membership Site? Membership Site Dream Team: WordPress, Theme, DigitalAccessPass.com (DAP) Membership Platform, Media Hosting & Payment Processor - Ep #3

Dream Team of 5 Tools You Need To Create A Membership Site.

Let's do a quick flashback. Back in April 2015, LinkedIn purchased online learning website Lynda.com for a cool $1.5 billion. Lynda.com, at its very core, is nothing but a membership site offering online courses with videos and checklists and PDF document downloads.

So when you have a membership site that earns recurring revenue, you increase the value of your business as a whole, and that makes it easier to sell your site to a prospective buyer in the future, if you ever decide to walk away from it all. So a web site with recurring revenue has greater lifetime customer value, which will help you sell your site for a lot more than if you had just one-time products. Which is why a site like Lynda.com could get a valuation of 1.5 billion. Of course, they had millions of members, but the point is, that they weren't just regular members, but members paying a monthly fee. And you too can create your own mini version of Lynda.com.

Here are the 5 members of Ravi Jayagopal's Membership Site Dream Team: 1) Content Management System 2) Theme 3) Media Host 4) Payment Processor 5) Membership Plugin & Marketing Platform So which ones did Ravi choose for his dream-team? Listen to the show to find out!