Description

  This episode witnesses a brilliant mind of Healthcare Industry and an Europreneur from UK: Jeremy Walker - the CEO of Meducation. Wondering the secrets that led a niche platform lead to 75K Users? Enter Jeremy. About Meducation and Jeremy Meducation is a social platform with a focus on education of Medical students. To date, they have 75K users with a 20% average retention rate. If these numbers alone don't impress you check this : they are adding 10K per month to that number. Yes, that's an immense growth and Jeremy Walker walks us through his tactics (no pun intended). Jeremy has a very friendly style and his way of speaking instantly gets you in the story. By the time we ended up our chat I couldn't believe how much I learnt. Chicken and Egg Problem of Social Platforms My favourite part of the podcast was the part where he responded the solution of the famous chicken and egg problem of social startups: acquiring users to share content and sharing content to be able to acquire users. His innovative ways of solving this problem will most certainly help. We have also talked about how Jeremy has bootstrapped Meducation and how he doesn't need to monetize while still being able to pay the bills.   Here Are the Show Notes [02:00] Meducation User Numbers and Retention Rates [04:24] How did Meducation reach 75K users? [05:00] The classical two side of social network problem and how Jeremy solved it for Meducation [08:20] The retention and its effect on growth, the effect of credibility [11:00] How does Jeremy Position Meducation in the Healthcare and Education Market [12:00] The 2 types of Social Communities: Bond based and Identity Based [18:00] Acquiring super users [28:00] The business model, bootstrapping and monetization And many more topics like - How does Jeremy choose ideas to work on - Meducation's Current Team structure - Main Challenges that Meducation faces           The post OUE06: Jeremy Walker solves Chicken and Egg Problem of Social Platforms appeared first on Open Up Europe.

Summary

  This episode witnesses a brilliant mind of Healthcare Industry and an Europreneur from UK: Jeremy Walker - the CEO of Meducation. Wondering the secrets that led a niche platform lead to 75K Users? Enter Jeremy. About Meducation and Jeremy Meducation is a social platform with a focus on education of Medical students. To date, they have 75K users with a 20% average retention rate. If these numbers alone don't impress you check this : they are adding 10K per month to that number. Yes, that's an immense growth and Jeremy Walker walks us through his tactics (no pun intended). Jeremy has a very friendly style and his way of speaking instantly gets you in the story. By the time we ended up our chat I couldn't believe how much I learnt. Chicken and Egg Problem of Social Platforms My favourite part of the podcast was the part where he responded the solution of the famous chicken and egg problem of social startups: acquiring users to share content and sharing content to be able to acquire users. His innovative ways of solving this problem will most certainly help. We have also talked about how Jeremy has bootstrapped Meducation and how he doesn't need to monetize while still being able to pay the bills.   Here Are the Show Notes [02:00] Meducation User Numbers and Retention Rates [04:24] How did Meducation reach 75K users? [05:00] The classical two side of social network problem and how Jeremy solved it for Meducation [08:20] The retention and its effect on growth, the effect of credibility [11:00] How does Jeremy Position Meducation in the Healthcare and Education Market [12:00] The 2 types of Social Communities: Bond based and Identity Based [18:00] Acquiring super users [28:00] The business model, bootstrapping and monetization And many more topics like - How does Jeremy choose ideas to work on - Meducation's Current Team structure - Main Challenges that Meducation faces