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Podcast: Growth Everywhere | Entrepreneurial Stories | Business Lessons
Episode:

Why Clubhouse Will Fail
Category: Business
Duration: 00:06:35
Publish Date: 2021-04-29 13:00:00
Description:

Why Clubhouse Will Fail

In today's episode, Eric continues his series on Clubhouse by explaining some of the major obstacles facing its success. He talks about how he became addicted to it, built up a following, and spent a significant amount of time on it, before dropping his usage by 90%. Hear about the problems with Clubhouse's execution, monetization, and follower retention, as competitors like Twitter and Facebook launch their own versions.  

TIME-STAMPED SHOW NOTES:

  • [00:19] Before we jump into today’s interview, please rate, review, and subscribe to the Leveling Up Podcast!
  • [00:23] How Eric started using Clubhouse in December 2020.
  • [00:54] Clubhouse’s success among course-creators and coaches.
  • [01:26] How Eric ended up spending 30 to 40 hours a week on Clubhouse.
  • [02:12] Why Eric’s usage of Clubhouse dropped to 4 hours a week.
  • [02:41] The emergence and threat of copies by competitors like Twitter and Facebook.
  • [03:08] Copying may not kill you: Snap Chat / Snap is still successful despite being copied.
  • [03:33] The problem with Clubhouse’s android app.
  • [03:52] The threat of Clubhouse being ‘out-executed’ by its competitors. 
  • [04:29] How people are not spending as much time on Clubhouse as they did in the past.
  • [04:32] The question of monetization.
  • [05:49] Despite its problems Eric hopes that Clubhouse succeeds.
  • [06:02] Let Eric know your thoughts in the comments, subscribe, and like.

 

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