I’ve decided on the price structure for premium memberships at my future company’s social networks. The options will be as follows (all prices in Canadian dollars):
- 1 Month: $7.50
- 3 Months: $20.00
- 1 year: $75.00
- Lifetime (either the person’s lifetime or the life of the site, which either is first): $1750.00
A premium membership will grant access to both exclusive content (like a badge on their profile and posts) as well as hide the ads that free members and guests will have to put up with. (I’m not planning on a lot of ads either – just header, footer, a sidebar, and/or in posts.) My pricing comes from the consideration of how much ad income the company will not receive over the course of a membership, but also a small discount for being a premium member longer. It also takes into consideration that a premium membership also grants a ten percent discount in the marketplace (where credits, vendor goods, memberships, and event tickets will be sold via WooCommerce).
I hope this post was useful to my readers, both today and in the future. Take care! 😉