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💡Paid Communities: The Secrets of Recurring Wealth

Navigating the world of premium circles and premium profits.

Author

Odd night
October 17, 2023

Welcome to the Odd Night circle, where the nocturnal world brims with opportunities yet to be seized.

Tonight, we navigate the fascinating waters of paid communities, exploring how collective passions forge new financial horizons.

Here’s what we got for you today:

🔥 A hot passion-led opportunity
🔧 Essential resources
🤧 The privilege of fear

Today’s Drop 💼

🤳Creating A Profitable Online Community

🍿 The Big Picture:

Paid communities are rapidly climbing the business model hierarchy, offering a meaningful and lucrative route to bring together like-minded individuals around common passions.


It not only allows you to transform a personal hobby into a thriving venture but also paves the way for a steady monthly recurring income stream, all without requiring extensive expertise or resources.

When managed correctly, the financial benefits can be considerable.

🛠 The Idea:

Here's the essence of launching a paid community: pinpoint a niche or hobby, establish a haven for enthusiasts to congregate, and then capitalise through memberships, sponsorships, or exclusive content.

The heart of a successful community is establishing genuine bonds, uniting those with shared passions, and offering an environment where they can collaborate, remain informed and grow.

How to get started

Audience Insights: Focus on your target audience. Understand their hurdles and devise solutions.

Platform Picks: Opt between chat apps, forums, or social platforms like Facebook or Discord.

Soft Beginnings: Begin modestly. Extend invites to a few, collect feedback, and sidestep the silence of an uninhabited space.

Content is King: Maintain consistent, worthwhile posts. Ignite discussions that hit the mark.

Amplify: Publicise community successes on alternative platforms, drawing in new members.

Optimise: Observe. Absorb. Develop. Follow metrics to perpetually tweak and broaden

 Essential Tools:

When building online communities, choosing the right platform is key.

Mighty Networks centralises content, courses, and community, enhancing member engagement.

Meanwhile, Circle.so offers seamless integration, letting creators embed their community directly on their website. Both tools are designed to help you seamlessly turn passion into profit.

🔥Is the Market Hot?

The charm of paid communities lies in their boundless diversity. There are groups for fitness novices, basic cookery tips, advice for new parents, literary discussions and literally anything else.

What's fuelling the surge? It's a combination of inviting environments, beneficial information, and our yearning to bond online.

As more people scout for online collectives to become part of and gain knowledge from, these communities continue to expand, offering a strong opportunity for those who kick-start them.

🍞 Revenue Potential:

Income is derived from the worth you provide and the size of your membership. For example, Soul Savy converted trainer enthusiasm into £1.5 million ARR with a £33 monthly subscription.

Profit Models:

Broad Reach: At £10/month for 10,000 subscribers, that's £1.2M annually.

Elite Circle: Consider Tiger 21, with 1,200 members each parting with an annual fee of £33,000. This equates to an astounding £39.6M annually.

Select a vast audience or a niche group; the allure resides in the substance and the statistics.

Industry Secrets:

When you keep a community exclusive, people naturally want in! It's that classic FOMO kicking in. When they're desperately wanting to join, you can definitely charge a premium.

🎯 Conclusion:

In the evolving digital landscape, paid communities stand out as a beacon of opportunity. Their growth, combined with the innate human desire for connection, makes this business model not just viable but highly lucrative.

Whether you're captivated by a broad reach or an elite circle, the potential rewards are immense. Don't let this wave of opportunity pass you by.

Dive into the world of paid communities now and seize the chance to craft a thriving enterprise from shared passions. Don't miss out – act now and make this idea your next big venture!

Tweet of the Day

Midnight Meme 😂

Odd Notes:

  • This drone company is trying to become the future of deliveries

  • The new cheaper Apple pencil with USBC port included

  • What is WIFI 7 and do you need it?

As the curtain falls on our discussion of paid communities tonight, remember: in the Odd Night family, we always have another move up our sleeve.

Await our next gathering where we'll unveil another concept well worth your attention.

Have a business idea that we could feature? Hit reply and share the 411. If we ride with your plan, you'll see your name in the credits. That a deal?

Disclaimer: This newsletter is educational, not financial advice. Exercise caution and conduct personal research before making investment decisions.