Chapter
The Success of Book of the Month Club
22:15 - 24:14 (01:58)
Book of the Month Club has 100,000 active customers and is generating 10 to 15 million dollars a year of recurring revenue. Its success began in the 60s and 70s and was once a large business generating hundreds of millions of dollars.
Clips
The speaker talks about how they started an online book club that became very successful with close to no money, and how ultimately they didn't monetize it.
22:15 - 23:02 (00:47)
Online book club
Summary
The speaker talks about how they started an online book club that became very successful with close to no money, and how ultimately they didn't monetize it.
ChapterThe Success of Book of the Month Club
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
It was owned by Bertelsmann, which is a large publisher, a multi-billion dollar publisher.
23:02 - 24:14 (01:11)
Business
Summary
It was owned by Bertelsmann, which is a large publisher, a multi-billion dollar publisher. Book of the Month Club now has 100,000 active paying customers, which means they're in the revenue range of 10 to 15 million a year in recurring revenue. I suspect I've always thought that it would not work.