Foundr is a company that has made millions online. Founded by Nathan Chan in 2014, the company has grown into an empire with multiple income streams.
The best news? Anyone can do what Foundr has accomplished if you put in the work and solve people's problems.
Foundr Magazines has four main revenue sources: Digital Products, Online Courses, The Foundr Magazine Subscription Service and Affiliate Marketing.
Yes, that's a lot but don't worry! We will go over their business model in full detail and hopefully you'll find a few digital product ideas for yourself.
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What Is Foundr?
Foundr is an online publication that helps entrepreneurs and aspiring business owners get started on their journey to online success.
Nathan Chan built the company from the ground up without investors and he shares his best strategies with entrepreneurs while interviewing the big sharks in entrepreneurship.
How Does Foundr Make Its Money?
Foundr makes its money in a number of ways.
They make most of their money online through Online Courses, Digital Products Instagram, Podcasts, Affiliate Marketing, and The Foundr Magazine Subscription that are all monetized with affiliate links.
Phew! that's a lot! but don't worry, we'll go over the biggest lessons below this post.
Here's how they make their money.
The First and most profitable way Foundr makes its money is through online courses. They teaches entrepreneurs and beginners all the steps they need to take in order to be successful. They run free training workshops for each online course!
They've created so many successful courses that they even built a course on how to make money with courses. (Without Scammy Guru Tactics! lol)
The best part about the online courses is that they're not just offered one time and then you never get anything from them again, they are constantly updated to give entrepreneurs new insights as well as fresh content in order to stay relevant.
You can learn anything from starting an eCommerce store to building an audience on Instagram.
Some of their most popular courses are:
What is the cost of their training?
Foundr charges a hefty price for their courses starting at $1997 and payment plans of $597.
Foundr makes money by offering the Foundr Magazine Subscription.
The magazine is full of in-depth interviews, advice, and secrets about how other entrepreneurs have found success in entrepreneurship. It's so popular that it consistently ranks as one of the top magazines for business ideas and profitable side hustles.
They offer a simple pricing plan where you can purchase a single issue for $4 or their yearly subscription at $21.99 per month.
Through their podcast, Foundr connects with entrepreneurs all over the globe to share insights on how they've found success in various aspects of entrepreneurship, interview successful business owners, and get advice from those who have been there before you.
They even get popular business owners such as Tim Ferriss, Gary Vaynerchuk, and Tony Robbins to come onto their podcast for an interview.
They make money from recommending products and bring in organic traffic to their courses.
The Foundr podcast is completely free to listen to.
Blogging & Youtube
The team at Foundr also writes long-form articles to receive thousands of monthly visitors to their blog. This allows them to funnel their traffic to their online courses and podcast through capturing their email list or direct sign-ups.
Same thing goes for their youtube channel! Check out my article on how to make money on Youtube.
After some research, seeing they don't have any ads on their articles. They don't make money from the blog but rather they use it as a tool to promote their other products which are monetized with affiliate links and online courses.
How They Get Most Of Their Traffic
Foundr uses a combination of everything but mainly gains its customers through Instagram, Podcasting, and Youtube. They have amassed over 2 million followers on IG and over 100,000 subs on youtube.
How To Start Selling Like Foundr
If you want to start selling like Foundr, you'll need to do three things:
- Offer online courses, provide a product that solves a problem.
- Have a low-priced subscription service.
- Create an engaging platform with quality guests and content.
You can use a digital product platform like Podia to start creating online courses, sell memberships, and host webinars. Podia is the perfect all-in-one platform for selling content and create an online business like Foundr.
Ready to start selling online? Use Podia to monetize your audience by selling online courses, digital products, & more!
Many people always ask how to set up a course business and overcomplicate the process, but it's actually easy when you have an end goal.
First, think about the problem you want to solve: is there a need for your course? If not then don't create one!
You want as many people that are interested in what you're teaching so if no one is asking for your content then maybe you should change topics.
Second, figure out how much you're going to charge for the course. People often overprice their courses and then don't sell any, so make sure it's something people can afford.
Third, think about a way that your customers will get value from taking your class- this could be through video tutorials or live lessons with an instructor online.
Remember, even at Foundr, they outsource the live courses to experts in the field who have experience and a clear understanding of the topic.
The last step is to build the course and start making money! You can use Podia's platform to create a new course on your own or digital products
Is Foundr Legit?
Yes, Foundr is legit and they have a lot of success stories to show for it
If you want to learn more about Foundr, read their blog posts check out their Instagram account.
Nathan Chan's story honestly is very inspirational because he was able to start his company from scratch and grow it into something huge. It hit home for me since it's exactly what I'm doing on my site here and acting as a one-man show..(For now!)
They're a great example of how you can build an online business and not have to have investors or capital upfront.
That sums up how Foundr makes its money through digital products and other monetization strategies.
If you want to learn which digital products to create for your business, be sure to check out my blog post on the best digital product ideas to sell online!