Hey curious mind,

Here’s today’s dose to become smarter in 5 minutes:

• The Growth Insight: User Monetization >= User Acquisition

• The AI Growth Tactic: Set Up Calendar Events with Voice

• Tools to Unlock Your Peak Potential

The Growth Insight 🌱

User Monetization >= User Acquisition

You know what's wild? Reddit, the platform that's basically the internet's public square, rakes in an insane 430 million monthly users. That's user acquisition done right.

But here's the kicker - they make a measly 30 times less money per user compared to Facebook and Instagram. Yup, you read that correctly.

Look, acquiring users is undoubtedly crucial, but if you're not monetizing them effectively, it's like having a fancy sports car without any gas. Reddit pulled in $804 million in revenue last year, which sounds impressive until you realize Meta makes that much in just two days!

And Google? They hit that number daily, leaving Reddit in the dust.

The lesson here?

While getting users through the door is step one, truly successful businesses master the art of squeezing every dollar out of their audience. User acquisition is great, but monetization? That's where the real magic happens. So, let's give monetization the respect it deserves, shall we?

Want to up your monetization game? Here are some quick tips:

1. Personalization is key - Use data to tailor content, products and ads specific to each user's interests and behavior.

2. Subscriptions & memberships - Recurring revenue models provide stability and maximize customer lifetime value.

3. Dynamic pricing - Implement algorithms to optimize pricing in real-time based on demand.

4. Diversify revenue streams - Don't rely just on ads. Explore e-commerce, affiliates, sponsorships and more.

At the end of the day, acquiring users means nothing if you can't effectively convert them into revenue.

The AI Growth Tactic 🖥️

Set Up Calendar Events with Voice

In today's fast-paced world, efficiency is key. Imagine being able to schedule meetings with just your voice, no typing required. With Custom GPTs and ChatGPT Premium, this dream becomes a reality. Follow these simple steps:

• Grab your phone or computer, and open the Custom GPT web browser (not the app)

• Activate ChatGPT's "microphone" feature – get ready to speak your meeting details

• Use a clear voice to describe your desired meeting, for example: "Schedule an analytics meeting with Tom at 9 PM EST tomorrow"

• Like magic, a .ics/.ical file will appear – download it to connect with your calendar

• Review the details, and with a single click, your meeting is officially scheduled

It's that easy!

No more fiddling with calendar apps or typing endlessly. Just speak, and let the power of Custom GPTs make your life easier.

Tools to Unlock Your Peak Potential 🛠️

Glowbom- Create apps with AI without any coding skillset.

Taylor- API for text classification as well as categorization

FinPlus- AI-powered financial markets research for investments