🎥 $7,500/Month Faceless YouTube Channel + Paid Community

Hey there, SideNerds!

Did you know that over 70 million people in the United States alone are active members of online communities, with the numbers growing steadily each year?

Hold onto your hats, because we're about to crack the code on creating a cash-generating online community! Let’s get started!

The Money-Making Magic of Paid Communities

⚒️ Niche: Paid Online Community 🧑🏽‍🤝‍🧑🏿
💰 Opportunity size: $20,000+/Month
💵 Initial cost: $500
🧩 Difficulty: Medium
🏆 Competition: Medium - High

Why pay for community, you ask?

• Well, picture this: a curated space buzzing with engagement, where members gladly part with their hard-earned cash for exclusive access to expertise, resources, and a network of peers. It's the ultimate win-win, folks. Not only do you build your brand and foster trust, but you also deepen relationships and expand your business horizons faster than you can say, "membership dues."

• Paid communities offer exclusive value, premium content, and a sense of belonging that keeps members coming back for more - and willing to pay for it!

Getting Started: Your Roadmap to Success

• First things first, lay the groundwork for your community by defining your niche, audience, and value proposition. What makes your community unique, and why should people pay to be a part of it?

• Next, roll up your sleeves and get your hands dirty with some market research. What are your potential members' pain points, desires, and needs? Tailor your offerings to address these effectively.

• Now, it's time to pick your platform. Whether you're vibing with Slack, Discord, Circle, or Mighty Networks, choose the one that aligns best with your community's goals and vibe. I have personally used Slack for most of my side hustles and love it!

Show Me the Money 💵 

Let's get down to the nitty-gritty of making money with a paid community.

• 💰 Membership Fees: Charge for access, ranging from a few bucks to top-tier prices.

• 🎟️ Tiered Membership: Offer different levels for varied perks, from basic to VIP.

• 💡 Additional Revenue: Get Creative! Sell products, host events, do sponsorships, and more. Check out how Founder of Mylance, Bradley Jacobs, uses his FREE community to generate revenue.

In terms of revenue numbers, a small community could pull in $3-5k/month, while a larger one could rake in hundreds of thousands. It's all about engagement and value!

Examples of Large Paid Online Communities

1. The Hustle's Trends: The Hustle's Trends is a paid community focused on providing insights, data, and analysis for entrepreneurs and business professionals. Members gain access to exclusive content, reports, and networking opportunities.

2. Indie Hackers: Indie Hackers is a community for entrepreneurs, founders, and developers to share their stories, insights, and strategies for building profitable online businesses. The community offers a paid membership option with access to premium content, forums, and events.

3. Founder's Club by Tim Ferriss: Founder's Club is a paid community curated by bestselling author and entrepreneur Tim Ferriss. It offers resources, mentorship, and networking opportunities for aspiring and seasoned entrepreneurs alike.

Wrap-Up: Ready to Take the Plunge?

Are you feeling inspired to start your own paid online community and make some serious moolah? Remember, it's not just about the money - it's about building something meaningful and impactful that brings people together.

Spotlight: A Founder's Journey

Ever wondered what it's like to walk in the shoes of a paid community founder? Hit on the link below for an exclusive spotlight with Bradley Jacobs, where he spills the beans on their community-building journey, lessons learned, and secrets to success while building, and scaling, Mylance.co.

📈 Trending Niche: Faceless YouTube Channel

113,000,000,000 visits for YouTube in 2023 🤯🤯🤯

Are you tired of the same old grind, punching the clock day in and day out, dreaming of a life where you call the shots and rake in the dough without even showing your face?

Well, welcome to the era of faceless entrepreneurship! With the rise of YouTube and social media, there's a whole world of opportunities waiting for those who dare to think outside the selfie.

The market size for faceless content creators is booming, with millions of viewers hungry for content that doesn't rely on celebrity status or traditional fame. And the best part? The potential earnings are as limitless as your imagination. Check out some of the Top Faceless YouTube accounts.

Here's the scoop 🥄

1. Choose Your Niche: Select a niche that aligns with your interests, expertise, and audience demand. Whether it's gaming, DIY tutorials, ASMR, educational content, or something entirely unique, find your niche and own it.

2. Create High-Quality Content: Invest in creating top-notch content that captivates your audience. Utilize engaging visuals, compelling storytelling, and high-quality production values to keep viewers coming back for more.

3. Monetization Strategies:

   • Ads: Enable monetization on your YouTube channel to earn revenue from ads displayed on your videos.

   • Sponsorships: Collaborate with brands relevant to your niche for sponsored content opportunities. Negotiate deals for product placements or dedicated shoutouts.

   • Affiliate Marketing: Promote products or services through affiliate links in your video descriptions or social media posts. Earn a commission for every sale generated through your unique affiliate links.

   • Merchandise: Create and sell branded merchandise such as t-shirts, mugs, or accessories to your audience.

   • Membership/Subscription: Offer premium content or perks through membership programs or subscription services.

4. Engage with Your Audience: Foster a strong connection with your audience by responding to comments, hosting Q&A sessions, and engaging with them on social media platforms. Building a community around your content can lead to increased loyalty and support.

5. Collaborate and Network: Collaborate with other creators in your niche to expand your reach and attract new followers. Networking with influencers and industry experts can also open doors to new opportunities and partnerships.

6. Consistency and Optimization: Stay consistent with your content schedule to keep your audience engaged and coming back for more. Continuously analyze your performance metrics and audience feedback to optimize your content strategy for maximum impact and growth.

A Look Into the Numbers 💵 

Taking these potential earnings into account, a faceless YouTube channel with 100,000 monthly views could realistically earn:

• Ads Revenue: $200 to $500 per month

• Sponsorships: $100 to $1000 per sponsored video (assuming 1 sponsored video per month)

• Affiliate Marketing: $25 to $100 per month (per 1000 clicks on affiliate links)

• Merchandise Sales: $100 to $500 per month (assuming conservative estimates)

In total, the monthly earnings from these monetization methods could range from $425 to $2100 for a starting faceless YouTube channel with 100,000 monthly views. Keep in mind that these are rough estimates, and actual earnings may vary depending on numerous factors.

— That is all for this week, SideNerds. Enjoy your weekend!!