Chapter
Why a book club is hard to monetize
26:58 - 33:47 (06:48)
Despite being an avid reader, Ryan Holiday advises against starting a profitable book club as it is difficult to monetize. He suggests instead focusing on building an audience and establishing a loyal readership for other related products.
Clips
The challenge for a book club is to monetize itself.
26:58 - 31:00 (04:01)
Summary
The challenge for a book club is to monetize itself. Although Amazon offers a commission if books are purchased through the link, the audience of readers who prefer a long list of books instead of a bundle, makes it difficult to make the business profitable.
ChapterWhy a book club is hard to monetize
EpisodeRyan Holiday Reveals How Much Best Selling Authors Make, Crazy Peter Thiel Stories & More
PodcastMy First Million
VinylMe is a vinyl subscription service that sends out a record to its 20-30,000 subscribers every month, becoming the biggest vinyl seller in the country each time, yet not counted anymore in the billboard chart.
31:00 - 31:52 (00:52)
Summary
VinylMe is a vinyl subscription service that sends out a record to its 20-30,000 subscribers every month, becoming the biggest vinyl seller in the country each time, yet not counted anymore in the billboard chart.
ChapterWhy a book club is hard to monetize
EpisodeRyan Holiday Reveals How Much Best Selling Authors Make, Crazy Peter Thiel Stories & More
PodcastMy First Million
A startup advisor discusses the success of other subscription services like VinylMe, which delivers vinyl records to customers, versus the potential struggles of monetizing a book subscription service due to the limited time people have for reading.
31:52 - 32:57 (01:05)
Summary
A startup advisor discusses the success of other subscription services like VinylMe, which delivers vinyl records to customers, versus the potential struggles of monetizing a book subscription service due to the limited time people have for reading.
ChapterWhy a book club is hard to monetize
EpisodeRyan Holiday Reveals How Much Best Selling Authors Make, Crazy Peter Thiel Stories & More
PodcastMy First Million
Aubrey Marcus, founder of Onnit, discusses some of the most inspiring and impressive people he has met, including Monnage Nobly, a basketball player recently inducted into the hall of fame, in a conversation with a podcast host.
32:57 - 33:47 (00:49)
Summary
Aubrey Marcus, founder of Onnit, discusses some of the most inspiring and impressive people he has met, including Monnage Nobly, a basketball player recently inducted into the hall of fame, in a conversation with a podcast host.