Why YouTube Creators Should Be Building $1M+ Communities

0:00Creators that think they're just gonna come in and be the center of the party. it's not a very fun party. This is about creating something that can be a million dollar, five million dollar, 10 million dollar, 20 million dollar opportunity that you're setting up people to take and run with.

0:27Hey, I'm Gina Bianchini and this is People Magic where I show you the easiest way to create a$1 million community. Let's dive in. Hey, Gina. I listened to your last episode, and I gotta be honest, I didn't quite feel like I got what I wanted. I am a mid-level YouTuber with like 50 ,000 subscribers, and a lot of us on YouTube pretty strongly feel like charging our followers or our viewers will hurt our relationship with them. So I just don't understand why you think it's such a smart business decision to start a community versus just continuing to grow my YouTube channel and make most of my money there?

1:07Well, so I'm glad you asked. Number one, maybe it's not. Maybe if you can go from 50 ,000 to 100 ,000 or 150 ,000 and just through sponsorships and even your YouTube share together, you've got an incredible business that you're really stoked about. And at which point you should just keep doing that. Like there is value in focus. What I have observed in terms of the reasons why mid-level and some of the top creators on YouTube have come to Mighty and created memberships, created subscriptions, is number one, to have another revenue stream, to build something out that essentially can run itself.

1:59Number two is that they want to have that revenue stream off YouTube. So being able to diversify both the kind of revenue it is and also the platform is valuable. So, you know, do you have email addresses for all 50 ,000 of those subscribers? Probably not. Probably not. When you have a membership, you are not only making money by offering something that is more specialized and more specific, but you are also getting their email address. You are getting a lot more data on what they are doing within that membership. And that's unique to Mighty and kind of flavors of platform like Mighty Networks.

2:50So where have I seen this work? I have seen this work extremely well when a YouTube creator has a framework that they want people to go through together and apply in their lives and that people pay attention to what they pay for. So they want to charge for it separately. So this might be a membership for a very specific diet where the YouTube channel is about health and wellness overall. This could be for a very specific kind of professional communication where the following is about really small snippets of great content around communication overall. This could be a way to meet other people who are super fans and excited about going deeper into the subject matter.

4:00And we've seen that with YouTubers like Law Nerd and Explore Club and Fear Club and other kinds of fan experiences where you can create an enhanced, not just enhanced like exclusive content, but also that you're there with other people who are on the same path, who care about the same things. and that you have more information about those other people than you're ever going to have in the YouTube comments as a member. So because of those things, diversifying your revenue streams, being able to have something for people to go into a specialized place for that specific transition that they are uniquely going in, it's not about holding back exclusive content for your Patreon or your Discord or, you know, on a website or whatever.

5:01It's really about how are you introducing members, you know, people who might be your subscribers, how are you introducing them to each other and letting them get a ton of value out of each other in the context of an application, in the context of a framework that they're applying in their lives. The whole idea of a membership is it's not about you. It's about them meeting each other. So I said this in the last episode, saying it again. you are creating a membership where you are the host of the party and we're going to work to make the party so good. And that's what People Magic Profit is all about.

5:51That is what we do at Mighty Networks. Whatever we're able to do to service the most relevant members to each other and break the ice and make it about your members on the same path does not require you. So I'll a very, very, very high profile creator, bestselling author, selling podcasts, just incredible, decided that they wanted to create a six month membership,$997, that the whole point of it was to be able to help their followers launch their next project. They thought that they were going to have to go live in this membership. So they planned for, okay, I'm going to have to plan my schedule.

6:43I'm going to have to do this weekly. First of all, 5 ,000 people signed up for this. They have significantly more followers, but 5 ,000 people paid them$997 for six months. What they also found was that that person did not have to go live every week. In fact, when they popped in when they wanted to once a month, that was enough. And it was actually really exciting and was awesome. Awesome to do. So think about this. 5 ,000 people,$997, a monthly live stream. And so what were people doing? They were figuring out their projects. They were figuring out their launches. They had purchased access to the membership to each other.

7:38There were these amazing, you know, these amazing groups. They launched the next cohort six months later. And the first cohort joined the second cohort too. And then there were like another 5 ,000 people that joined. That is the key. People were there not for this creator. The creator brought them together. They had that in common. They found out about it through that creator. But the power was in creating those groups and creating this space and things for people to do, the quest to go on together that that creator and their team had laid out for the members. That's not the creator world of I got to be on Patreon and then you're going to get these different levels of my thing and maybe I have Discord or maybe I have something else.

8:37This is about creating something that can be a million dollar, five million dollar, ten million dollar, twenty million dollar opportunity that you're setting up people to take and run with it. And that is what we see over and over again for specifically YouTube creators. And I will also say creators that think that they're just going to come in and be the center of the party. It's not a very fun party. And then they are tired and they're like, oh, my God, like, what am I doing here? We're also seeing a lot of really interesting experimentation with digital twins. So the idea of like training an AI version of yourself on your content.

9:27And I would say some of the experiments with this have been great. We see a lot of our biggest creators and hosts use Delphi. And that's been great for them. I will say, though, that it is not a requirement. It's not the point of the membership. It's not the point of the community. The point of the community is other members and how you are helping and pushing. Think about it this way. Instead of interacting with you, it's pushing frameworks. It's pushing quests. It's pushing things for people to do together in a set of monthly themes, a weekly calendar, daily polls and questions. And that just works incredibly well.

10:15And you don't need any fancy digital twin for that. It's really about what you're creating for other people to meet each other. And as a creator amongst those 50 ,000 people that are subscribing to your channel, there are probably a set of people who are going through the same transition that would be excited to pay to meet each other. And that is the most durable business in the world. If you want to know exactly how to build a$1 million community, click the link in the description to get access to our full free course. I'm Gina Bianchini and this is People Magic.