The podcast discusses how WAP generates revenue and the idea of selling their own products. It explores the evolution of WOP from a white label marketplace to a platform connecting Discord servers. The speakers highlight the advantages of software-oriented businesses, diversifying revenue streams with software tools, and the features of their app. They also talk about their early school experiences, the importance of waking up early and deep work, and the changing job market.
WAP aims to attract a wide range of creators and products to their platform, creating a marketplace where users can find and purchase different offerings.
WAP envisions itself as an all-in-one platform for creators, offering tools and services that empower entrepreneurs to build and scale their businesses.
WAP offers various features and opportunities for creators to monetize their content effectively, such as templates for paid communities and bundling options to provide a comprehensive ecosystem to their audience.
Deep dives
WAP's Revenue Model and Importance of Product Diversity
WAP generates revenue by processing payments for various products and services, such as Discord communities and software, with a monthly average spending of over $15 million. They charge a small percentage fee for payment processing. WAP aims to attract a wide range of creators and products to their platform, creating a marketplace where users can find and purchase different offerings.
WAP's Journey: From Sneaker Bots to Discord Communities
WAP initially started as a marketplace for buying and selling sneaker bots, specialized software that helps users buy limited edition sneakers before they sell out. They noticed a need for a more efficient and reliable platform in the sneaker bot community, which led them to create WAP. As they gained traction, they expanded to accommodate various Discord communities and their specific needs, fostering a space for like-minded individuals to connect and share resources.
WAP's Vision: The Ultimate Creator Economy Platform
WAP envisions itself as an all-in-one platform for creators, offering tools and services that empower entrepreneurs to build and scale their businesses. They aim to provide a wide range of software tools, integrations, and automations tailored to the needs of creators, enabling them to create unique and customizable brand experiences. WAP's goal is to help creators monetize their content, sell products, and foster engaged communities, all while maintaining a high level of trust and reliability in their marketplace.
Creating a Platform for Creators
WAP is a platform that enables creators to monetize their content and products. Creators can offer their courses, software tools, and paid communities on WAP, attracting paying members and generating income. The platform provides customer support and automatic affiliate links for creators, making it easy for them to promote and distribute their products. WAP aims to incorporate blockchain technology in the future for increased trust and safety. AI plays a crucial role on the platform, allowing creators to sell and boost their software without extensive programming knowledge. The platform encourages creators to offer free versions of their products and bundles, providing a comprehensive ecosystem for their audience and driving revenue.
Features and Opportunities on WAP
WAP offers various features and opportunities for creators to monetize their content effectively. The platform provides templates for popular software tools like Discord and Telegram, allowing creators to easily create paid communities. Bundling options enable creators to combine their paid communities, courses, calendars, and software tools, offering a more comprehensive ecosystem to their audience. WAP also facilitates synergy between creators, recommending non-competitive products during the checkout process, increasing value for customers and providing additional revenue streams. The platform's integrated payment system and embedded messaging enable seamless transactions and communication within the WAP community. Furthermore, WAP plans to introduce a unified point system for all its instances, enhancing the user experience and fostering community engagement.
