Thriving online communities: Ways to generate profit - London Business News | Londonlovesbusiness.com
Briefly

Creating a devoted audience transforms regular viewers into active participants and can unlock a new revenue stream, providing both support and guidance for content creators.
Monetising a community can be achieved through diverse means, such as offering memberships or selling products, but exclusivity and value are key to success.
The foundation of a prosperous online community depends on personal brand identity, engaging content, and high community interaction, setting up creators for potential income.
Platforms like Discord facilitate community engagement; however, the monetization strategies need to be tailored to the community's specific characteristics and audience preferences.
Read at London Business News | Londonlovesbusiness.com
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