The Startup Ideas Podcast
The Startup Ideas Podcast

How Bigger Pockets Grew to 2M+ Members

March 2, 2023

AI Summary

5 min read

How BiggerPockets Grew to 2M+ Members

Josh Dorkin started BiggerPockets not with a grand vision, but because he was failing as a real estate investor. He had bought rental properties in the Midwest, the numbers looked good on paper, and then tenants ripped copper out of the walls, air conditioning compressors kept getting stolen, and he walked into a unit to find a hole in the kitchen floor that a human could fall through. The books didn't cover any of this. The only way to get answers was to talk to other people. So Dorkin, who had built websites in college, decided to create a place where investors could help each other — starting with a $4/month hosting bill and a PHP forum he modified himself.

The community was built from selfish need, not a grand vision

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What you'll learn

  • 1 (00:21) **Introduction & Origin Story** - Josh Dorkin, founder of BiggerPockets, explains the problem that led him to create the community.
  • 2 (04:22) **The Selfish Start & Early Evolution** - The initial vision was purely personal: "I'm failing, I need help."
  • 3 (10:24) **Bootstrapping & Rejecting VC Advice** - VCs told him to shut it down; he defined the market differently.
  • 4 (15:03) **Community vs. Audience** - A clear definition of what makes a real community.
  • 5 (17:50) **The Hard Parts of Community Moderation** - The emotional toll of enforcing rules and protecting the culture.
  • 6 (20:56) **Brand Building & Saying No to Money** - The name "BiggerPockets" and the discipline of protecting the brand.
  • 7 (26:34) **Monetization & Google-Proofing** - The shift from ads to owned products to avoid dependency.

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Show Notes

Today Greg is joined by Josh Dorkin, the founder of Bigger Pockets, a community helping millions of members learn how to invest in real estate. In this episode, Greg and Josh talk about Josh's (sometimes) cautionary tale about the grind of building a community out of nothing.

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LINKS FOR THIS EPISODE:
Production Team:
https://www.bigoceanpodcasting.com
Josh Dorkin:
https://www.biggerpockets.com/
https://twitter.com/jrdorkin


SHOW NOTES
0:00 - Intro
1:00 - The story behind Bigger Pockets
12:40 - Building an audience vs. Building a community
15:45 - Biggest challenges of running a community
18:18 - Protecting your brand
23:00 - Responsible monetization
28:44 - Creating products
32:57 - You don't need to be an expert
41:32 - Stop comparing 
47:47 - Josh's cautionary tale

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