016: Two Income Streams You're Not Thinking About (with Terry Rice)
Jun 25, 2024
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Terry Rice discusses two income streams often overlooked by creators - brand partnerships and licensing your content. Learn how to approach brands with proposals and maximize value. Explore strategies for licensing courses and forming partnerships for increased income potential. Dive into unique ideas for course licensing and leveraging tools for identifying partnerships.
Brand partnerships offer creators a lucrative revenue stream based on providing authentic content for organizations.
Licensing online courses to universities and organizations can result in significant financial gains for creators.
Deep dives
Leveraging Brand Partnerships for Content Creators
Brand partnerships offer a lucrative opportunity for creators irrespective of follower count. By identifying content gaps within organizations, creators can provide authentic and valuable content. An emphasis is placed on quality content creation over a large following, with a focus on creating valuable content for defined audiences. Demonstrating the value creators can offer to organizations and leveraging user-generated content's authenticity can significantly impact the success of brand partnerships.
Maximizing Revenue through Course Licensing
Licensing online courses presents a substantial revenue stream for creators. Leveraging existing courses for university workshops and organization programs can result in significant financial gains. Selling courses to organizations at a higher price point than individual sales allows creators to maximize their earnings. Identifying organizations with content needs that align with existing courses and offering tailored licensing options can unlock significant financial opportunities.
Approaching Universities and Organizations for Collaborations
Engaging universities and organizations for partnerships requires strategic outreach and demonstration of value. Initiating with a webinar or guest lecture can serve as an introduction to potential collaborations. Presenting partnerships as mutually beneficial, addressing content gaps, and providing valuable resources can facilitate successful university and organization engagements. Scaling collaborations based on initial successes can lead to long-term and lucrative partnerships.
Pricing Strategies and Value Propositions for Creator Partnerships
Establishing pricing strategies aligned with the value creators bring to partnerships is crucial for financial success. Conducting market research and engaging with industry peers to understand pricing benchmarks can help creators charge their true value. Developing proposals with multiple service offerings and demonstrating tangible ROI through specific KPIs can enhance the value proposition for potential partners. Offering tiered partnership options and showcasing strategic value additions beyond core services can attract and retain high-value partnerships.
How do you create content for your favorite brands and make the big bucks?
You already can — but not in the ways you think.
You’re probably leaving money on the table. After today’s episode you’ll ask yourself, “Why didn’t I think of that?”
Don’t worry, it’s not too late. Terry Rice, our Director of Growth & Partnerships at HeyCreator, is here to talk through two income streams creators often overlook.
(0:00) — Intro
(2:20) — What is a brand partnership?
(6:19) — How Matt could work with Yeti
(10:43) — Brands aren’t always looking for revenue in a partnership
(17:17) — Licensing your content? How?
(21:46) — How a creator is licensing their Urban Chicken Coop course
(25:13) — Terry coaches Matt on licensing HeyCreator
(29:04) — How creators can get started with brand partnerships & licensing