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Bonus Episode with Nicolas Cole

People Magic: How to Build a $1M Community

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Monetize Knowledge Wisely

Prioritize community and relationship building over perfecting the curriculum. While aspiring authors often dream of writing multiple books, the reality reveals that books may not be the most effective way to monetize knowledge. The price cap for books limits revenue potential, as people typically resist paying high prices. In contrast, the same content can generate significantly more income when presented through alternative formats, such as paid newsletters or digital products that include added value like videos. This highlights the importance of positioning content differently, allowing consumers to justify higher spending. Nonfiction authors should consider crafting books that either stimulate deep thinking or offer actionable insights, thereby maximizing both impact and monetization potential.

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