How to make $10k/month from a community - Jordan Godbey
Deep Dive with Ali Abdaal - Un p贸dcast de Ali Abdaal
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In today's episode, I discuss with Jordan the process of building a $10,000 per month online business through online communities. We delve into different types of communities, the challenges associated with managing them, the misconception of passive income, and effective pricing strategies for membership programs.
Enjoy 馃檪
(00:00) Intro
(01:41) The Path to $10,000 a Month
(02:38) Solving Existing Problems vs. Creating New Ideas
(03:36) The Pros and Cons of Online Communities as a Business Model
(05:30) Different Types of Online Communities
(09:45) Why People Pay for Online Communities
(12:05) Peer Communities: Low-Ticket Value from Connection
(15:18) Proximity Communities: High-Ticket Value from Close Relationships
(21:32) Community-Powered Courses
(24:21) Transformational Communities
(27:42) The Challenges
(29:36) The Reality of Building and Monetising Online Communities
(37:18) Designing the Offer聽
(37:48) The Power of Accountability聽
(45:00) Value-Based Pricing and Transformation
(54:36) Navigating the Emotional Aspects of Pricing
(58:18) Aligning Incentives with Recurring Revenue
(01:02:06) Different Pricing Models for Different Audiences
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馃搫SHOW NOTES & TRANSCRIPT
Visit the website for the transcript and highlights from the conversation - https://aliabdaal.com/podcast/
馃帣 ABOUT THE PODCAST
Deep Dive is the podcast that delves into the minds of entrepreneurs, creators and other inspiring people to uncover the philosophies, strategies and tools that help us live happier, healthier and more productive lives.聽
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