How to Create and Growth Hack Your Own Subreddit. HoldCo Bros discuss! Ep. #92
Nov 15, 2024
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Nik, co-host of Nickonomics and a prolific business collaborator, joins to explore creative growth tactics. They dive into using Reddit as a powerful business tool, revealing how to leverage automation like Zapier and AI for engagement. The duo also brainstorm a unique 'business-in-a-box' concept, equipping aspiring entrepreneurs with essential tools. They share innovative marketing strategies, emphasizing community-driven content and new monetization opportunities, making it a must-listen for wantrepreneurs!
Creating and growing a subreddit can be a powerful business tool by fostering community engagement and leveraging AI for enhanced visibility.
A business-in-a-box solution can streamline the entrepreneurial process by providing essential tools and resources for aspiring side hustlers.
Deep dives
Reddit Growth Hack for Subreddit Creation
Creating and growing a subreddit can be a strategic way to establish a personal brand and share content. Users typically follow topics rather than individual accounts on Reddit, making it essential to focus on building a community around a specific subreddit. By leveraging existing content and cross-posting to relevant subreddits, one can effectively attract members to their own space. Additionally, utilizing AI for engagement can enhance communication and increase visibility, ultimately fostering a vibrant subreddit that serves as a platform for sharing ideas and links.
Business-In-A-Box Concept
A business-in-a-box offering could streamline the startup process for side hustlers by providing essential tools and guidance. This concept aims to deliver a comprehensive framework encompassing accounting, invoicing, and operational management, tailored for those just starting out. By curating the necessary tools and integrating easy-to-use processes, aspiring entrepreneurs can avoid the common pitfalls of initial business setup. Such a product could take the form of digital resources, with spreadsheets and templates, making it accessible for individuals looking to jumpstart their entrepreneurial journey.
Monetizing Change Tracking Websites
Tracking website changes can serve various user needs, including price monitoring for tickets or products. By using a service like distilled.io, individuals can receive alerts for changes on specific sites, enhancing their ability to make informed purchasing decisions. There is potential to develop a SaaS solution on top of existing change tracking technologies, simplifying the user experience. This service could target budget-conscious consumers looking for the best deals, similar to subscription models for flight alerts, providing savings opportunities through timely notifications.
Innovative Marketing Strategies Utilizing Reddit
Reddit can be an underutilized marketing channel that offers opportunities for targeted audience engagement. By establishing a subreddit, entrepreneurs can control the narrative, share their expertise, and interact with potential customers directly. This approach allows for experimentation with content to gauge interest while linking back to relevant services or products. As seen in political discourse, leveraging less traditional channels like Reddit can yield substantial results, allowing marketers to reach communities that may not respond to conventional advertising efforts.
HoldCo Bros are back! Nik and I discuss four exciting ideas, but in this first part, we talk about two main ideas: growing a subreddit as a powerful business tool and a creative business-in-a-box solution for wantrepreneurs. We talk about how to effectively use Reddit as a growth hack, including automation tools like Zapier and AI, and also brainstorm a comprehensive package for those starting side hustles, but this is only Part 1 - stay tuned for the Part 2 next week!
Timestamps below. Enjoy! --- Watch this on YouTube instead here: tkopod.co/p-yt Ask me a question on or off the show here: http://tkopod.co/p-ask Learn more about me:http://tkopod.co/p-cjk Learn about my company: http://tkopod.co/p-cof Follow me on Twitter here: http://tkopod.co/p-x Free weekly business ideas newsletter:http://tkopod.co/p-nl Share this podcast:http://tkopod.co/p-all Scrape small business data:http://tkopod.co/p-os --- 00:00 Introduction 02:50 Navigating Reddit for Growth 06:09 Leveraging AI and Automation 09:06 Practical Applications for Entrepreneurs 12:01 Creative Marketing Strategies 14:48 Innovative Business Ideas 18:10 Exploring New Monetization Opportunities 20:38 Business in a box idea
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