#265: How I Built A Community-Driven Business ($500K/yr) | Niche Pursuits Crossover

Welcome to a bonus episode of Creator Science. I was recently interviewed on the Niche Pursuits podcast hosted by Jared Bauman. He wanted to get into the nitty-gritty about how we built The Lab, our membership community, and how that 200-member community became a $400,000+ property in the business. In this episode, they asked great questions and I was able to get really specific. So, if you're considering a community or membership, this will certainly help you think about how to design it and build something that becomes a great little engine for your business, as it has for mine. ⁠⁠⁠⁠Subscribe to Niche Pursuits ⁠⁠⁠⁠⁠⁠⁠Full transcript and show notes⁠⁠⁠⁠⁠⁠⁠ *** TIMESTAMPS 00:00 Building a $400K Community 03:23 Evolving Entrepreneurship Perspectives 06:26 "Pioneering Mastermind Communities Online" 10:04 Sustainable Small Creator Community 14:43 Success Through Consistent Visibility 17:41 "Embrace Accountability, Achieve Goals" 20:35 "Strategic Attention and Revenue Alignment" 24:58 "Content's Role: Passing the Regret Test" 27:36 "Building Valuable Peer Relationships" 30:02 Capped Membership Growth Strategy 35:57 Evaluating Recurring Revenue Viability 36:48 Sustaining Membership Engagement 42:29 Reducing Churn with Annual Memberships 45:04 "Importance of Valuing Membership Renewals" 46:41 "Creating Value Beyond Entry" *** RECOMMENDED NEXT EPISODE → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠#192: I coached Ali Abdaal on building a membership *** ASK CREATOR SCIENCE → ⁠⁠⁠⁠⁠⁠⁠Submit your question here⁠⁠⁠⁠⁠⁠⁠ *** WHEN YOU'RE READY 📬 ⁠⁠⁠⁠⁠⁠⁠Creator Science Newsletter⁠⁠⁠⁠⁠⁠⁠ 🚀 ⁠⁠⁠⁠⁠⁠⁠Get CreatorHQ⁠⁠⁠⁠⁠⁠⁠ (creator operating system) 🧪 ⁠⁠⁠⁠⁠⁠⁠Join The Lab⁠⁠⁠⁠⁠⁠⁠ (private membership community) 🧞‍♂️ ⁠⁠⁠⁠⁠⁠⁠Get a Personalized Offer⁠⁠⁠⁠⁠⁠⁠ *** CONNECT 🐦 ⁠⁠⁠⁠⁠⁠⁠Connect on Twitter⁠⁠⁠⁠⁠⁠⁠ 📸 ⁠⁠⁠⁠⁠⁠⁠Connect on Instagram⁠⁠⁠⁠⁠⁠⁠ 💼 ⁠⁠⁠⁠⁠⁠⁠Connect on LinkedIn⁠⁠⁠⁠⁠⁠⁠ 📹 ⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube⁠⁠⁠⁠⁠⁠⁠ *** SPONSORS 💼 ⁠⁠⁠⁠⁠⁠⁠View all sponsors and offers⁠⁠⁠⁠⁠⁠⁠ *** SAY THANKS 💜 ⁠⁠⁠⁠⁠⁠⁠Leave a review on Apple Podcasts⁠⁠⁠⁠⁠⁠⁠ 🟢 ⁠⁠⁠⁠⁠⁠⁠Leave a rating on Spotify Learn more about your ad choices. Visit megaphone.fm/adchoices