"Donations" Is Not A Business Model - Part 3 - Ep #77 - SubscribeMe.fm

“Donations” Is Not A Business Model – Part 3 – Ep #77

By Ravi Jayagopal | Podcast

11/06/2018
SubscribeMe.fm by Ravi Jayagopal "Donations" Is Not A Business Model - Part 3 - Ep #77 11/06/2018
00:00:00 00:00:00

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Building your business on the generosity of strangers – aka “Donations” – is not a business model.

This is Part 3 of the series “Ad Revenue Model Is Dead, Sponsors Are Unreliable, “Donations” Is Not A Business Model.”

(Photo: Jimmy Fallon and U2 performing in disguise at a NYC subway station.)

Welcome to episode #77 of the SubscribeMe show from SubscribeMe.fm.

I’m your host Ravi Jayagopal. This is the podcast to listen to, to learn about creating membership sites & online courses, making, marketing and monetizing digital content, WordPress, eCommerce, digital marketing, and tools, techniques and tips that you can use to create a long term, profitable online business.

I am the co-founder & co-developer of DigitalAccessPass.com, a premier membership plugin for WordPress, fondly known as DAP.

Building your business on the generosity of strangers – aka “Donations” – is not a business model.

First, I play a clip from a podcast called RadioLab, a super-popular radio show and podcast with millions of listeners, where you will hear a really shocking revelation about the ability – or should I say, inability – to raise funds through donations even when you have a super-successful podcast, which, according to their media kit, they get 1.6 million weekly radio listeners.

And then, I’ll tell you another true story that happened on a cold morning in January 2007, when a violinist wearing a baseball cap was playing some beautiful music in a Washington DC subway train station.

1,097 people passed him by, but only 7 of them stopped to listen to him. He had a mat spread out in front of him to collect donations.

For his 43-minute performance, he collected a whopping $32.17 from a total of 27 passersby.

Do you know how much this guy’s violin cost?

Please listen to the rest using the player above (or below), via Apple Podcasts at SubscribeMe.fm/itunes/ , or via Android at SubscribeMe.fm/android/ .

And also check out my new daily show, “Cut To The Chase” from CutToTheChase.fm which is also available as an Alexa Flash Briefing, at https://www.amazon.com/dp/B07GLP1KV1/

Cheers!

– Ravi Jayagopal
PS: The audio players above and below are powered by CoolCastPlayer 🙂


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