84 - BEST Way to Make Money with Reddit In 2024 with Chris Koerner

Nikonomics - The Economics of Small Business

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Join me, Nik (https://x.com/CoFoundersNik), and my business partner Chris Koerner (https://x.com/mhp_guy), as we dive into another episode of HoldCo Bros! Chris and I have generated over $100 million across our companies, and every Friday, we brainstorm new business ideas.

This week, we’re bringing you Part 1 of our discussion, where we focus on two main topics: growing a subreddit as a business tool and a creative business-in-a-box solution for aspiring entrepreneurs. We discuss the challenges and strategies behind creating and managing a successful subreddit, including how to engage users, leverage automation tools, and drive real value from the community. We also talk about the concept of a business-in-a-box, where we outline all the necessary components, from marketing templates to software tools, that entrepreneurs need to get a side hustle off the ground quickly and efficiently. These insights are packed with practical steps and creative strategies that you won’t want to miss.
Make sure to catch Part 2 next week for even more!
Chris's YouTube: http://tkopod.co/p-yt
Questions this Episode Answers:

• How can you grow and leverage a subreddit as a business tool?
• What is the best way to use automation tools like Zapier to boost subreddit growth?
• How can aspiring entrepreneurs use a “business-in-a-box” solution to streamline starting their business?
• What makes Reddit an underutilized marketing channel for entrepreneurs?
• How do Chris and Nik assess which business ideas to pursue?

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This week we covered:

00:00 Introduction to Growth Hacking and Social Media Platforms
02:55 Navigating Reddit: Strategies for Content Distribution
05:49 Leveraging AI and Automation for Reddit Engagement
09:14 Building a Subreddit: The Benefits of Ownership
12:08 Creative Marketing Strategies: Learning from Political Campaigns
15:01 Innovative Business Ideas: Monetizing Distill.io
20:27 Business in a box idea
17:54 Conclusion and Future Ideas