Chapter
The Different Strategies for Building a Pay Community
20:28 - 25:03 (04:35)
The success of a pay community is directly proportional to the amount of revenue generated by its attendees, which works well for sneakerheads and trading cards but not so much for entertainment-based communities. Meanwhile, building a pay community for professionals can be the most effective strategy by creating opportunities for networking and business deals.
Clips
The success of a community is directly proportional to the revenue attendees can make from it.
20:28 - 22:43 (02:14)
Summary
The success of a community is directly proportional to the revenue attendees can make from it. While sneakerheads, trading card collectors, and cryptocurrency communities excel in generating revenue, communities centered around leisurely activities struggle to do so.
ChapterThe Different Strategies for Building a Pay Community
Episode#160 - Paid Communities Making $20m+ (and How to Build One), Fighting Inertia & An Interview With Dave Selinger of Deep Sentinel
PodcastMy First Million
The value of a pay community is determined by the difficulty of accumulating a group of high value people.
22:43 - 24:05 (01:22)
Summary
The value of a pay community is determined by the difficulty of accumulating a group of high value people. The first potential pay community to target may be those who are downtrodden, often women.
ChapterThe Different Strategies for Building a Pay Community
Episode#160 - Paid Communities Making $20m+ (and How to Build One), Fighting Inertia & An Interview With Dave Selinger of Deep Sentinel
PodcastMy First Million
The Nurse Life RN Instagram account has 1.2 million members and is run by a black nurse who posts relatable memes about the nursing profession.
24:05 - 25:03 (00:58)
Summary
The Nurse Life RN Instagram account has 1.2 million members and is run by a black nurse who posts relatable memes about the nursing profession. By keeping their content niche and relatable, they are able to maintain high engagement and a strong sense of community.