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It could work quite well. The real difficulty with that is proving to people that it is worth the signup fee.
Something else you might want to think of is that if you have a resource library you could charge a small fee to access items, then have a subscription. For example, looking at a drawing could cost $1.50. You could then provide small previews so that they know what they are getting. Then, for heavy users, a subscription could be offered which would save them money.
Take a look at Economist.com
They have implemented this system very well.
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