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They’re Out There

People have always understood that you can find anything or anybody on the Internet.

Want to find somebody who shares your hobby of crafting  Star Wars  vs. Star Trek fantasy battle scenes out of cat earwax?  Odds are you’re not going to find any other sculptors in your town, but there’s a whole community of them online.

How about a community of dog owners who own giant schnauzers? Well, it exists… and they pay for it… (miniature schnauzers too)

As the last few years have rolled on, more and more people have looked online for community of all sorts.  We want a place to find others who share our ideas, opinions, hobbies, and interests.  And we’re increasingly comfortable interacting with those people in an online setting.

This is fantastic news, because it opens up a ton of opportunity for anybody to start their own communities based around their hobbies, interests, talents and skills.

People are willing to pay to be part of these communities, and you only need to find a few of them – a teeny-tiny little speck.

I’m not sure what your thing is. But whatever it is, they’re out there.

The Speck is a beautiful thing.

Hello Mixergy Friends/Fans/Community

Welcome to the Mixergy community!

I’m guessing you’ve ended up here today as a result of the Mixergy Master Class on improving Membership Site Retention I recently did with Andrew Warner.

If you enjoyed the class and want to learn more about creating online membership communities with rock-solid retention, then here are a few suggested next steps:

  • Check out my posts on The Speck - I truly believe that anyone can find, cultivate & retain a “speck.” An online community with bullet-proof member retention is one of the, if not the, best online business models in the world.
  • Subscribe to this blog via RSS, or drop your email in the box on the right below my photo.
  • Definitely check out MembershipBlackBox.com – This is a new membership training program I’m working on that should be ready within the month.
  • Visit this page if you already own or operate an online membership and are looking to decrease your attrition and increase your membership retention rates.
  • Join me in New York City on Sunday, October 23, 2011, where I’ll be speaking and taking part in this session on member retention with Stu McLaren of WishList Member.
  • Drop me an email regarding anything else, and let me know what you thought of the class.

Thanks for stopping by.

 

Noah

How To Pick A Speck

I’ve started to get more and more questions related to this idea of The Speck.

One of the most common questions I’ve been getting is “How do I pick a speck?

The first and easiest place to start is with quick and simple assessment of what you have, and what they need.

I drew you a diagram. I hope you like it.

P.S. This isn’t just about picking a speck. This should also give you an idea of how to build and structure content for your speck.

Elephant Ears & The Speck Formula

The book tells the story of Horton the Elephant who, in the afternoon of May 15, while splashing in a pool located in the Jungle of Nool, hears a small speck of dust talking to him. It turns out the speck of dust is actually a tiny planet, home to a city called Whoville, inhabited by microscopic-sized inhabitants known as Whos and led by a character known as the Mayor.

Wikipedia Entry for Dr. Seuss’s Horton Hears a Who!

If you haven’t read my post on The Speck, click the link to read it now. The Speck reminds me of Horton. Horton heard the Whos, and everyday people, just like Horton, also hear them. And when they do, they build websites, communities, and products for them. Most of the time, they get paid very well.

My friends, Stu McLaren & Tracy Childers, created WishList Member. It’s a piece of software that allows you to quickly build private online communities or membership sites. I call them “speck sites.

As of this writing, WishList Member powers over 27, 382 specks! Read that again, 27,382 private online speck sites. Many of which are making money, and a lot of it.

The Speck Formula is what I like to call “Noah’s Favorite Type of Math.” I boil my business math right down to the basics. Let me share it with you.

The Speck Formula

A x B = C

A (the speck – 100-999> people)

B (the fee – the cost of your product or service)

C (the income generated)

Simple right?

I’ll occasionally add a multiplier of 12. This is in terms of 12 months. I prefer specks to be built to pay continuously for months on end. If that’s the case, the equation now looks like this:

A x B = C * 12

Go ahead, plug in some numbers and try it.

Think about the speck today. The speck isn’t about building the next Facebook or YouTube. Instead, the speck is about finding that teeny-tiny speck of people who are trying to get your attention. Think about your own talents, skills, expertise and then ask yourself if there’s a speck out there that’s trying to get your attention.

That speck of dust might actually be an entire planet. All you have to do is hear them. Are you listening?

 

The Speck

The speck is something I’ve been thinking about a lot lately.

When I found myself stuck in a dead-end office job five years ago, I quickly realized that trying to come up with the next Google or Facebook, in my spare time, was probably not going to happen. It looked as if I would continue working in the dead-end office job.

That’s when the idea of the speck came to me.

The idea was simple.

With close to a billion people using the Internet, I only needed to find 300 people, who shared my interests, were interested in what I had to offer, that would be willing to pay me $30 bucks a month, and I could find myself an office with a window.

My own office.

Only 300 people out of a billion. A teeny-tiny, yet extremely powerful, particle of dust. This is what I call the speck.

With a simple concept, like the speck, and a concrete goal on paper (300 x $30), I was off to the races.

I hit that target within a couple of weeks and left my job less than six months later. I haven’t been back to the windowless office in over five years.

Seth Godin talks about Tribes and the importance of finding your tribe. When I heard Seth speaking live last week in Chicago, he spoke about musicians and their ability to harness the power of the Internet to find their tribe and build a successful career at the same time.

The old model worked something like this: Write the music, take a loan out and record your demo, hope to be discovered by a record label, and keep hoping.

We could dive deeper into this old broken model, but your chances of being discovered and actually making money were next to none.

The new model: As Seth suggested, find 3000 fans who dig your music from that ever-growing pool of over a billion people. But find the 3000 who’d be willing to buy your new music for $30 bucks a year, and you’ve made it.

You’re done! Keep producing your art. Keep doing what you love, and earn a solid living at the same time.

$90,000 bucks a year is nothing to scoff at.

Some might argue that as the overall size of the group grows, it becomes harder and more complicated to find your speck.

3000 out of a billion.

300 out of a billion.

100 out of a billion.

In Tribes, Seth stressed that in many cases, the tribes have already been formed and they’re simply looking for a leader. “We need you to lead us”, the book’s tagline read.

I see it like this. You can find your speck faster than ever before. Your speck might even find you. There’s a good chance people on line are looking for you, or someone just like you. They’re ready to cling to you like dust mites on your Grandmother’s dining room table.

Finding 3000 people who like your music out of a billion may be easier then you think.

Finding 300 people to pay you $30 bucks a month for a service or product that you’ve poured your heart and soul into, and created just for them, is easier than you think.

Who knows, maybe your speck is even smaller. Maybe you only need a hundred people, or you may need more.

It doesn’t really matter. The whole point is this - in the big scheme of things, all you probably need to achieve success, beyond your wildest dreams, is nothing more than a tiny speck of people.

Back in 2005, I found a speck, organized them, and signed them up within two weeks. Done.

Five years later, the two weeks it took me to connect a speck of people can potentially happen a heck of a lot faster today. Maybe even overnight. All it takes is one good sneeze.

The speck is a small but insanely powerful concept for mapping your plan for success. As the size of the number of connected Internet users grows, your chances of actually finding your speck increases tremendously.

It worked for me, it can work for you.

Another reason not to sweat the small stuff.

Below is a photo of earth taken from the surface of Mars. They even had to use a pixilated image to show us just how tiny we are.

To me, this photo represents another reason not to sweat the small stuff in life. We’re all just small, tiny, specks in the big scheme of things.

Were you late for work this morning because of a traffic jam or car accident? Did you get angry?

Did someone cut you off recently while driving? Did you get upset? Maybe flipped the finger?

Did you tell someone off recently only to find out later you told off the wrong person?

Are you stressed out about something beyond your control?

Lately, during my own moments of stress, I’ve thought about this photo. When I ponder it for a few moments, my stress levels begin to drop. I realize that even though we’re just all tiny little specks, living inside a tiny speck, it’s still a big world. And specks are important.

We’ve all been given an opportunity. These little specks do make a difference. We’ve all been given the opportunity to enrich the lives of other specks.

Might as well make it count. It’s the weekend – now’s a perfect time to start.

See you Monday.

youarehere.jpg

Earth From Mars (flickr / NASA) via gizmodo via boinboing