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The Membership Guys Podcast with Mike Morrison - The Membership Guys EPISODE 308, 1st June 2021
308 - 7 Boring But Important Things You Need to Know When Running a Membership
00:00:00 00:22:18

308 - 7 Boring But Important Things You Need to Know When Running a Membership

Whether you are new to memberships, thinking about starting one, or have been doing it for years, there are some key things that everyone needs to know.

In this episode, I share some of the admittedly boring yet super important things you need to know about running a membership. This episode covers things like insurance, tax, payments, and copyright laws – all that fun stuff!

To keep your website and business fully protected, give this episode a listen in case there’s anything you’re currently missing.

Essential Learning Points:

  • How to cover the legal aspect of running a membership
  • Why it’s important to get a hold over your finances and tax
  • How to protect your website and content from theft
  • What you need to know about insurance and protecting your business

Important Links & Mentions:

Key Quotes:

“It’s better to be safe than sorry, and getting professional indemnity insurance generally will not cost much at all.”

“The truth is most security issues for any type of membership, product, or website come from human error. So, you want to make sure that you are clued up.” 

“It’s certainly advisable to get an accountant on board to help you set your membership up correctly and ensure all your tax and reporting obligations are met.”