Welcome to Zaryab’s BedTime Thought! Today, let’s dive into a topic that resonates with many of us: our love for books and the challenge of actually reading them. It’s a universal dilemma – we adore books and recognize their value, yet struggle to find time to read them.
The Birth of an Idea
In Bali, two book enthusiasts, Ben and Saul, stumbled upon a shared problem during a casual conversation. Despite having hundreds of books on their Kindle apps, they had read less than 20% of them. This realization led them to ponder a solution to this widespread issue.
The Rebel Book Club
Ben and Saul initiated the Rebel Book Club (RBC), which began as a simple yet impactful concept. Initially, it was just the two co-founders meeting monthly in a cafe to discuss a book they both read. The idea was straightforward but powerful – to create a community around reading.
Growth and Evolution
Encouraged by their experience, they decided to expand. They created a landing page and started charging a $15 membership fee, which included a book and a drink at the cafe meetup. Their initiative quickly gained traction through Facebook ads, attracting 24 people initially.
By January 2018, two years into their journey, RBC had grown to 159 members, generating nearly $2,500 per month. Fast forward to 2022, and the club boasts 570 members with monthly revenues of around $11,000. The growth was steady and organic, proving the concept’s viability and appeal.
Adapting the Model for Bangladesh
The success of RBC got me thinking – could this model work in Bangladesh? There’s a catch, though. The subscription model, a key component of RBC, might not be as effective in Bangladesh. But don’t let that stop you! Here are some alternative strategies:
Yearly Membership: Instead of monthly subscriptions, consider a one-time annual fee.
Add Value: Include additional products like productivity worksheets or notes to enhance the offering.
Bundle with Other Services: Combine the book club with another complementary service or product.
An Opportunity Awaits
Once you navigate the subscription challenge, you have a potential business opportunity at your fingertips. I encourage you to ponder this idea for the next 48 hours and see what innovative solutions you come up with.
Thank you for joining me in exploring this inspiring story. The power of community in transforming our reading habits is truly remarkable.