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

Subscribe to LifeNotes 👉 https://go.aliabdaal.com/lifenotes_deepdive If you want to start or grow a channel, check out my Part-Time YouTuber Academy here 👉 https://eu1.hubs.ly/H0bwKb_0 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/H0bwKbw0 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/H0bwKnT0 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 ) - https://x.com/jordangodbey 💻 Website - https://growthcommunity.co/ 👥 Linkedin - https://www.linkedin.com/in/jordangodbey/ 🔗 CONNECT WITH ALI 🎥 YouTube Channel - https://youtube.com/@aliabdaal 🐦 X ( Twitter ) - https://twitter.com/aliabdaal 📸 Instagram - https://instagram.com/aliabdaal 💻 Website - https://aliabdaal.com/ 👥 Linkedin - https://www.linkedin.com/in/ali-abdaal/ 📄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: https://podcasts.apple.com/gb/podcast/deep-dive-with-ali-abdaal/id1587142091 Spotify: https://open.spotify.com/show/7gZkflCpck1rTixj8M7yHt RSS: https://feeds.transistor.fm/deep-div 🙏 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 😜