Make Money On The Internet: How to Build an Online Community with Over 110,000 Members

make-money-on-internet-podcast

 

In this episode, Chris invites Joshua Dorkin on the show to talk about Membership and Community Building!

Joshua is from a real estate-based business which is notoriously highly competitive, but Josh-Dorkin-206x300here we will see how he was able to differentiate himself amongst his competitors and build a successful community with more than 100,000 members!

Here is what you’ll learn from here:

    • JOSHUA TALKS ABOUT Biggerpockets.com
      -  The world’s biggest investing community
    • HOW Biggerpockets.com STARTED AND WAS BUILT
      -  Joshua was building a place where he could start finding answers to his questions.
      Biggerpockets.com is an anti-get-quick-rich online course.
      -  Joshua started to realize the need for everybody to learn about what Biggerpockets.com gives

biggerpockeys

  • TARGETING A DIFFERENT SET OF THE MARKET
  • BUILDING A PLACE FOCUSED ON “CREDIBILITY”
  • BUILDING A SAFE PLACE WHERE PEOPLE CAN INTERACT
  • BEING FIRM IN MANAGING A COMMUNITY
  • STICKING TO YOUR PASSION AND CREDIBILITY
  • JOSHUA STARTED BUILDING WEBSITES WHEN HE WAS A FRESHMAN IN COLLEGE IN 1994
  • JOSHUA STARTED TO BUILD THE LARGEST DIRECTORY IN THE UNIVERSITIES ONLINE
    -  Joshua built in 1994 Splee that later become GUWeb
    -  Joshua turned these sites into an online community
    -  Used Yahoo as his model
  • JOSHUA’S JOURNEY AFTER COLLEGE
    -  Became a stock trader and went back to New York
    -  Acted and worked on Independent Films production
    -  Eventually went to Hollywood to work big production companies
    -  Got into education
    -  Went back in the passion of building a website
  • STICKING TO YOUR PASSION UNTIL SUCCESS!
    “If you see it moving, and you’ve got the passion behind it… stick with it!”
  • HOW Biggerpockets.com MAKES MONEY
    - THE EASIEST THING TO MONETIZE A SITE –“AdSense“
    - MONETIZING USING ADD SALES
    - GETTING CONNECTED WITH AFFILIATES AND PARTNERSHIPS

    – ASSOCIATION WITH CREDIBLE COMPANIES BRINGS MORE CREDIBILITY TO YOUR COMPANY

    If we continue to focus on building a credible community, the money will come in one way or another, as we continue to evolve the product.”

  • HAVE PAID MEMBERSHIPS 
  • FACILITATE CONFERENCES
  • SCHEDULING NEWS LETTERS ON “ANTI-HIGH TRAFFIC” DAYS
    HOW Biggerpockets.com STARTED MAKING AND MULTIPLYING MEMBERS
    - Created forms
    - Engaging and hanging out on sites
  • THE GET RICH QUICK INDUSTRIES INTENTIONS
  • RECRUITING PEOPLE WHO KNOWS MORE ABOUT YOUR CONTENT
    - Joshua, being not fully experienced in real estates, hired people who knew better to write articles for him. Later on, they grew in numbers.
  • BUILDING A PASSIONATE CORE GROUP FOR YOUR BUSINESS BY HELPING THEM

safe community

  • PUT MORE TRAFFIC-DRIVERS FOR THE SITE
    -  SEO Article writing
    -  Recommendations and referrals
    -  Managing the press
    -  Podcasting
  • HIRING A CONSULTANT TO HELP YOU LOOK INTENTLY INTO THINGS THAT WILL BENEFIT YOUR COMPANY IN THE FUTURE
  • HAVING REGULAR TEAM MEET-UPS WITH ON THE SITE
  • THE BIGGEST CHALLENGES FACED IN BUILDING THE COMMUNITY
    - Conflicts amongst team members
    - Receiving threats
    - Competitors coming in to your site and stealing members
  • DEALING WITH THE CONFLICTS IN THE BUSINESS COMMUNITY
    -  Implementing ZERO Tolerance
    -  Giving out warnings
    -  Deleting spam
    -  Eliminating membership after several warnings
  • HAVE CLEAR SET OF RULES AND GUIDELINES IN BUILDING A COMMUNITY
  • DECIDING ON WHAT WORKS FOR YOU AND YOUR COMMUNITY

 

MY BIGGEST TAKEAWAY!
“There’s not lot of guys out there building communities because it’s really hard and very time challenging… But if you really want to do it, just set your rules and guidelines and not be afraid to enforce them.”

ADDITIONAL TIPS!
Use your pain points to build a product!
“It takes passion and unwillingness to fail to make it!
“You are who you network with.”
“There’s plenty of niche for every competitors.
“Play the nice game!”

SOURCES:

  • Biggerpockets.com
  • MakeMoneyontheInternet.com Podcast
  • Googledoubleclick
  • Addcents
  • Twitter.com/jrdorkin
  • Biggerpockets.com/pro

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