Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
Note: This transcript was auto-generated from YouTube captions. It may contain errors and lacks speaker identification. A full Gemini audio transcript will replace this.
Kind: captions Language: en what’s your favorite wave ways for monetizing content uh for me right now I don’t think I’ve ever really monetized content the way I would like to like subscription okay so but let me ask you a question subscription is the best way to monetize most content but again you have to plan for that in advance so you have to say I’m gonna make a subscription and called the subscription product called the hustle with with new ideas and trends every week you’ve made by migrate analysts and people are willing to pay a dollar a month or whatever ten dollars or whatever it is and subscription is a great way to monetize because you’re not always chasing advertisers it’s this annuity that comes in and helps you even survive in a recessionary environment or like right now so I love I think subscription you say whether it’s an online newsletter or an online course or a subscription community like you know let’s say the trends Facebook community I think subscriptions my favorite way to monetize but it doesn’t solve the problem of monetizing when you’re not already in the top one third of content like like you guys are in by in the top 1/10 of 1% of content you’re going to monetize and do very well no matter what model you choose whereas the someone who rakes a newsletter about I don’t know you know some obscure kind of Taekwondo or whatever they’re not going to be able to monetize a newsletter necessarily where someone who’s going to monetize how to mow the lawn better is not gonna be able to monetize but might have one piece of content that really stands out [Music]