5 Long-Term Challenges of the Edupreneur

Photo of open road in desert

I’m in the midst of re-thinking major aspects of my own business, and this naturally got me focusing on the major challenges we all face as we seek to grow our edubusinesses. I thought I’d share some of my thoughts in this post with the hope that they will helpful to you.

In the early days of launching an edubusiness, things are challenging, but I’d argue they are pretty clear.¬†You need to build an audience, come up with a valid product idea, pick a platform, launch – all things that I have written extensively¬†about on learning revolution.net and many others have written about as well.

There are many people who will never do these things, who will just never get started at all, and some who will start, but then not follow through. But it’s hard to argue that we don’t know what the steps are, even if the decisions within each step aren’t always easy.

But then what? You are out there day after day and you somehow have to keep it all going and make it work. The five areas I keep coming back to in my own business are: [Read more…]

Can you still make big money with online courses?

Photo of computer mouse on top of paper U.S. money

It’s a question I find myself pondering more and more lately.

We may have differing perspectives about what counts as “big money,” but for me, a course has to be capable of generating six figures annually before I will count it as big money. Even if your number is somewhat lower (and especially if it is higher), it’s worth considering that …

[Read more…]

One Word to Rule Your Course Business

Chalk board A-B-C business process drawing

If you want to validate the market for your online course idea …

If you want to build an audience for selling your courses …

If you want to pick the right online platform and be confident it will be around next year …

If you want to be sure your course does not flop

If you want to do any of this successfully, there is one thing you absolutely need: a process.

There are methodical questions, concrete steps, and useful tools that course entrepreneurs can take advantage of in each of the areas above. I cover them, at least in part, at each of the links above and I encourage you to read or re-read each of these items.

But more generally, I encourage you to think about what the processes are in your business, where they need to be added, and where they might be improved.

Process is what takes most of the risk out of being an entrepreneur. It is what enables you to scale and create a truly thriving, sustainable business.

There are no guarantees, of course, that a process will lead to success, but without good processes, you are just gambling.

One word: process.

No matter where you are in your entrepreneurial journey, it’s worth putting a little thought – and action – into today.

Don’t miss this rock solid example of audience building

I recently did an interview with the folks at WP Tonic and I think it is worth highlighting for a number of reasons that apply to edupreneurs.

Here’s the interview link:
https://www.wp-tonic.com/podcast/269-wp-tonic-show-wednesday-interview-special-guest-jeff-cobb/

Here are the reasons: [Read more…]

Learning to Love Unsubscribes

image of unsubscribe stampIf you are a subject matter entrepreneur (or an entrepreneur of any sort, for that matter) building an engaged list of e-mail subscribers is essential.

The big upside of a high quality list it that you have a direct line into the inbox of people who have asked to hear from you. There’s nothing that beats that when you have a new course to offer. (See also this post about how to build an audience.)

A potential downside, though, is that every e-mail list inevitably gets plenty of unsubscribes. Those unsubscribes can feel like a daily dose of rejection when you are trying your best to maintain your motivation and create a sustainable business. It can be hard not to take them personally or see them as a sign of failure.

It has taken me a long time to move past a negative view of unsubscribes and actually learn to appreciate – and yes, even love – them. Here are my reasons: [Read more…]