Part 6/8:
Once you have a deep understanding of your audience, it’s time to focus on revenue generation. The presenter highlights the effective monetization practices of various online entrepreneurs, specifically pointing out that affiliate marketing can yield significant earnings. For instance, a single program earned a creator $145,500 merely from affiliate sign-ups.
However, the real potential lies in building your own content bank. By creating valuable educational or informative content, entrepreneurs can make it accessible to members for a monthly fee. For example, if that same content bank charged $23.33 per month and secured a modest membership, it could generate over $450,000.