How to make $10k/month from a community - Jordan Godbey

If you want to start or grow a channel, check out my Part-Time YouTuber Academy here 👉https://eu1.hubs.ly/H0bwKcT0 

I’ve built a brand new community for like-minded people called Productivity Lab. We’ll have online classes, workshops, and coaching to help you double your productivity. You can find out more here 👉 https://eu1.hubs.ly/H0bwKcd0

If you want to see how Jordan helped us build Productivity Lab, you can find out here 👉 https://growthcommunity.co/ali/

Check Out My New York Times Bestselling Book Feel-Good Productivity! 👉 https://go.feelgoodproductivity.com/podcast

📧 Sign up for LifeNotes - my weekly newsletter where I share actionable productivity tips, practical life advice, and high-quality insights from across the web directly to your inbox. 👉 https://eu1.hubs.ly/H0bwKnY0

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

🔗 CONNECT WITH JORDAN

🐦 X ( Twitter )

💻 Website

👥 Linkedin

🔗 CONNECT WITH ALI

🎥 YouTube Channel

🐦 X ( Twitter )

📸 Instagram

💻 Website

👥 Linkedin

📄SHOW NOTES & TRANSCRIPT

Visit the website for the transcript and highlights from the conversation - https://aliabdaal.com/podcast/

🎙 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. 

Want to start your own podcast? We use Transistor! https://go.aliabdaal.com/transistor 

🎧 LISTEN FOR FREE 

Apple Podcasts 

Spotify 

RSS 

🙏 LEAVE A REVIEW 

If you enjoyed listening to the podcast, we'd love for you to leave a 5-star review on Apple Podcasts to help others discover the show :) https://podcasts.apple.com/gb/podcast/deep-dive-with-ali-abdaal/

👋🏼 GET IN TOUCH 

You can also Tweet @AliAbdaal with any feedback, ideas or thoughts about the lessons you've learnt from the episodes and we can thank you personally for tuning in 🙏

PS: Some of the links in this description are affiliate links that I get a kickback from 😜