Pt7 - The hard side of social media monetization: Most crea…

Pt7 - The hard side of social media monetization:
Most creators aren't earning much from their work. That's a sad but true fact. The New Yorker has called the creator economy "the new gig economy".
Choosing the right method to monetize social media doesn't fix everything, but it does increase the odds of you being successful.
Which sounds more doable, getting 1,000,000 YouTube subscribers, or getting 12 people into a coaching program?
Would you believe the coaching program could actually earn you more?
Would you believe that a 26-member community can earn the same as a YouTube channel with 2,000,000 views?
It really just speaks to different monetization strategies.
Paid communities are great because they monetize work you’re already doing (creating content), give people something it’s in their nature to want (human connection and belonging), and turn it into the ultimate business model (recurring revenue).
Paid communities generate the same growth principle that drives social media: the network effect.
Building your universe is multi-tiered, and requires vision. Most importantly, it's a labor of love.