Chapter
Creating and Growing Trends
31:32 - 34:42 (03:09)
The speaker discusses the strategy of creating a subcategory for trends and offering a paid newsletter for a higher price point to get more revenue from fewer subscribers.
Clips
Paid newsletters can generate hundreds of millions of dollars, like the empire built by Agora.
31:32 - 32:44 (01:11)
Summary
Paid newsletters can generate hundreds of millions of dollars, like the empire built by Agora. Despite many people's expectations, the paid newsletter business is highly lucrative.
ChapterCreating and Growing Trends
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The speaker discusses the potential success in creating a newsletter for subcategories with a lower price point and access to a community, compared to more specialized and expensive newsletters that may not garner as much interest or financial gain.
32:44 - 33:48 (01:03)
Summary
The speaker discusses the potential success in creating a newsletter for subcategories with a lower price point and access to a community, compared to more specialized and expensive newsletters that may not garner as much interest or financial gain.
ChapterCreating and Growing Trends
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
Having both a cheaper front end product and a more expensive back end product are crucial for a successful business strategy.
33:48 - 34:42 (00:53)
Summary
Having both a cheaper front end product and a more expensive back end product are crucial for a successful business strategy. It allows for a larger customer base while still making significant profits from a smaller number of high paying customers.