57:27Coaching Our Producer To Make $5000/Hour With Consulting
From My First Million · Published Jul 5, 2022 · Watch on YouTube
TL;DR
Ben Wilson has a wealthy contact (worth ~$220M) who offered to pay him for historical consulting, but Ben declined payment. The hosts coach Ben to monetize his podcast and historical expertise through corporate speaking ($10k-$50k per event) and paid consulting, arguing his $100k monthly listeners could generate six figures annually.
Key insights
- Ben currently makes low four figures monthly from podcast ads despite having 100k monthly listeners.
- A wealthy individual offered to pay Ben for historical strategy consulting based on loss aversion, but Ben refused payment in favor of maintaining the relationship.
- The hosts frame high-end consulting as similar to a "dominatrix" service where rich clients pay for psychological motivation, not just information.
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