8 Creative Ways to Monetize Community
Powerhouse Women
Lindsey Schwartz
5 • 813 Ratings
🗓️ 19 November 2024
⏱️ 31 minutes
🧾️ Download transcript
Summary
How can you receive the most value from your community while also giving the most value? Today, I’ll go over 8 creative ways to monetize your community, even as you’re growing it! These strategies will help you elevate your revenue streams and make great investments to move the needle forward. Whether it’s bringing in a new product or making your events more profitable, I’ll dive into the pros and cons of each strategy so you can decide which one is best for your business and community!
HIGHLIGHTS
00:00 How to bring physical products into your business.
05:50 What is the best way to create digital products for profit?
10:10 Sponsorships vs. affiliate partnerships and their pros & cons.
16:55 Tips to make your events more profitable.
20:25 Why should you offer paid Masterclasses or challenges?
21:25 Steps to monetize your coaching & mentorship.
22:50 How to turn your content creation into revenue.
RESOURCES + LINKS
Discover how to monetize your community with these resources!
https://www.miniclass.co/creatorsource/
Click HERE to text the word MENTOR to (602) 536-7829 for weekly business + mindset tips delivered straight to your phone!
Powerhouse Women is a COMMUNITY and YOU are part of it! Take a screenshot of this episode and tag us on Instagram so we can keep the conversation going and create more of the episodes you need!
FOLLOW
Powerhouse Women: @powerhouse_women
Lindsey: @llindseyschwartz
Visit the Powerhouse Women website: powerhousewomen.co
Join the PW Community Facebook Group: facebook.com/groups/powerhousewomencommunity
Transcript
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| 0:00.0 | How can you deepen the impact that you're already making on your community member? |
| 0:06.1 | The money will take care of itself if you continue to focus on that impact and continue to focus |
| 0:12.4 | on helping your community members step into that aspirational identity of the person that they |
| 0:19.8 | want to become. |
| 0:22.0 | Welcome to Powerhouse Women, the podcast for women who know they are ready for more. |
| 0:29.2 | Let's go. |
| 0:31.2 | Introducing your host and the founder of Powerhouse Women, Lindsay Schwartz. |
| 0:36.5 | Hi. |
| 0:37.1 | If you're hungry to grow and expand your career, business, and life, of Powerhouse Women, Lindsay Schwartz. Hi! |
| 0:42.5 | If you're hungry to grow and expand your career, business, and life, you're in the right place. |
| 0:43.8 | You ready for your breakthrough? |
| 0:45.0 | Let's do it. |
| 0:46.8 | Powerhouse women! |
| 0:56.2 | Over the last couple of solo episodes, I've been answering questions directly from you, |
| 0:58.3 | our Powerhouse Women text community. |
| 1:03.2 | And this week I get to talk about one of my favorite topics in the world, which is building community. |
| 1:04.7 | And Mapwana, who is one of my favorite women, I have gotten to know her through our Expanders |
| 1:10.8 | retreat, submitted a |
| 1:12.1 | question asking about not only how do you build a community, but once you've built it, |
| 1:18.3 | how do you turn that into a sustainable source of income? So I am going to share in today's |
| 1:25.7 | episode eight creative ways to monetize community. |
| 1:30.2 | And if you've never heard me talk about building community before, I do think it's important |
... |
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