Paid Communities

topic on 1 show · 2 statements across 1 episodes

My First Million

2 statements about Paid Communities, every show

Puri: Paid communities succeed when members make financial ROI
“The key characteristic is it's not just like I'm a big fan of the, you know, the Golden State Warriors, so I'm going to join this paid community for them. Typically that doesn't work as well as if I join this group, I'm going to get tools that are going to hel…”
Shaan Puri Mar 12, 2021 ▶ 21:30 MFM #160: How to Build a Paid Community Making $20M a Year
Puri: Exclusive communities degrade at scale due to noise and lost exclusivity
“The scale gets worse for two reasons. One is exclusivity. So if the reason to be in this group was that it's exclusive, the more people in the less exclusive it is, or, If the value is that, oh, I really like this conversation. This conversation was really, re…”
Shaan Puri Mar 12, 2021 ▶ 11:30 MFM #160: How to Build a Paid Community Making $20M a Year

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