How to make $10k/month from a community - Jordan Godbey
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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 🙂
(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
(37:48) The Power of Accountability
(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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📄SHOW NOTES & TRANSCRIPT
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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.
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