This is when signal providers charge to access their signals. Normally this is done through a subscription. With this model, signal providers typically have two channels. A free public one that’s used to showcase their skills, results and offering. From this channel, a private one is then promoted.
Depending on the strategy and timeframe, the premium private channel typically contains half a dozen signals a day, alongside analysis and the non-signals content. The signal provider then forwards one of these premium signals to the free channel as evidence of performance. They also fill both channels with engaging and relevant content.
This type of model works if you are good at marketing the free channel to clients that do not know or trust you yet. There are Telegram membership bots, like TG Membership that manage access to premium private channels.
Here’s an example of a free channel promoting a premium signals service using a pinned message:
The pros of premium signal channels:
- Simple proposition, access for payment.
- Easy to set up and manage if you use the right tools.
The cons of premium signal channels:
- It can be challenging to convince people to pay for access. Any time you add a paywall to a business, you have to spend a lot of time convincing people to take the plunge and pay. This takes up channel real estate and ERR drops.
- You don’t really earn much money per subscriber as premium channels tend to have a ceiling of $25-30 a month.
- Revenue isn’t proportionate to the benefit to the client. A client with a large trading account will benefit more than one with a smaller account. You can’t share this upside because of the fixed price subscription model.