2min snip

People Magic: How to Build a $1M Community cover image

Bonus Episode with Nicolas Cole

People Magic: How to Build a $1M Community

NOTE

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.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode