7:37Sam Parr Book Club | My First Million Podcast
From My First Million · Published Jul 5, 2020 · Watch on YouTube
TL;DR
The video discusses the concept and business viability of book clubs. Speaker 2 shares his personal experience founding a successful book club to build a network in a new city and then analyzes the business models of historical and contemporary book-related services like Book of the Month Club, Goodreads, and Wattpad, concluding that he is now bullish on book clubs as a business.
Key insights
- Speaker 2 founded the "Anti-MBA" book club to build a professional network in San Francisco after feeling envious of Ivy League networks, using cold emails to recruit participants.
- His book club met weekly in person with 30 attendees, read one book a month, sometimes featured an expert, and involved the speaker leading discussions and sending out meeting notes to a 5,000-person
- Book of the Month Club, founded in the 1930s, was a massive business in the mid-20th century, declined with Amazon's rise, but was recently revived by a private individual.
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