10 Ideas To Make Money From Your Community

You've already done the hard bit, you've found your customers. Aside from advertising, how else can you make money from your online community.

Using yesterday's Divorce360 as an example, here are 10 ideas which might work.

1. Ask the community what their dream legal, financial and counselling services would be, then create them. Members only.
2. Arrange events for the group to attend, and charge entry. Maybe hire great divorce experts to speak.
3. Write a book and sell it to the group.
4. Better still, let your best members write an eBook, then sell it to others (or give it away free with advertising).
5. Affiliate Marketing. Find perfect products for your group, put them on the approved Divorce360 list, and sell them via an affiliate scheme to your group's members.
6. Find the products your group most need, buy them in bulk and sell them via an online shop (or dropshipping).
7. Close the group and charge for entry. Remember to give a % of the profits to the best and most active members.
8. Add in a premium headhunting/referral/dating service.
9. Encourage your best members to offer a premium service/advice line to newcomers.
10. Create an educational/tutorship program.

Some of these ideas overlap a little. If you have more, please add them.

Comments

[Martin Reed]

Some really interesting and original ideas here. I think some may be out of the reach of most online community developers (for example, writing a book!).

I love the idea of holding real-life events and charging entry, though - that could work really well as long as you had a large enough membership base and people were either local to the event or willing to travel.

The great thing about that idea is it will also benefit the community by deepening the relationships that have been formed online.

- Martin

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