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Making Money as a Writer: Memberships & Masterminds · The Daily Writer

• 0:06
  SPEAKER_00: Welcome to the Daily Rider Podcast, where we bring you tips and inspiration each day to help you build habits for writing success.
• 0:14
  SPEAKER_00: For more resources, including your free Daily Rider Starter Kit, visit DailyWriterLife.com.
• 0:22
  SPEAKER_00: We've been working our way through a series on making money as a writer.
• 0:26
  SPEAKER_00: And on today's episode, we're talking about two of my favorite methods, which are memberships and masterminds.
• 0:32
  SPEAKER_00: Now, I get it, memberships and masterminds are two different things, but they're similar in many ways, which is why I've lumped them together in this episode.
• 0:40
  SPEAKER_00: The main idea of both of these things is that people have access to you on some type of ongoing basis.
• 0:46
  SPEAKER_00: They are paid products that have a barrier to entry in the form of a payment.
• 0:50
  SPEAKER_00: So by definition, it means that people are generally more serious about growth and learning because they have to pay more than they would for a book in order to be part of your membership or your mastermind.
• 1:01
  SPEAKER_00: Now, don't get me wrong, I think that we should offer free help for people.
• 1:04
  SPEAKER_00: This podcast, as well as my blog post and my free daily writer starter kit guides, those are all my main ways of offering free content that is helpful.
• 1:14
  SPEAKER_00: But if people want to grow, they need to have some skin in the game.
• 1:17
  SPEAKER_00: And the way that they show they're serious is if they pay for access.
• 1:21
  SPEAKER_00: Memberships and masterminds can have all kinds of different structures, but in general, a membership is a group that has a recurring monthly charge and offers resources, courses, calls, and community interaction.
• 1:33
  SPEAKER_00: A mastermind, by contrast, is a higher level group where you have more access to the leader and you're also actively adding value to the other group members to help each other succeed in specific ways.
• 1:45
  SPEAKER_00: Now, I currently offer a membership, the Daily Rider Club, which you've heard me promote before probably many times on this podcast.
• 1:52
  SPEAKER_00: I'm also getting ready to launch a higher level Daily Rider Elite Mastermind this coming March.
• 1:57
  SPEAKER_00: And I love offering these paid experiences because I know that when people invest in themselves, they will accelerate their success.
• 2:05
  SPEAKER_00: Now, a membership or mastermind might be something that you could consider as well.
• 2:09
  SPEAKER_00: Think about the different types of value that you could add to others, and if people would be willing to pay for ongoing resources or access to you in these types of formats, you might be surprised how much you enjoy running these and helping your fans and readers in a more direct way.
• 2:24
  SPEAKER_00: Here's today's question What specific ways could you help people be more successful by offering a membership or a mastermind?
• 2:31
  SPEAKER_00: Thanks for listening, and I'll see you tomorrow.