So, you may not know this, but the first paid online course launch I ever did (in 2014) was to an email list of only 71 people. For a total of $1350. And some recurring revenue of about $1000 per month after that. And guess what? I ran exactly zero high-pressure webinars (or webinars at all) for my launch, and I sent zero pesky emails, just emails filled with value and information.
It was a crazy time. In which I had no idea what I was doing, but I desperately wanted to get my valuable, organized information out to more people at once—more people than I was able to reach through 1-on-1 coaching and small in-person workshops.
“But, what’s up on this case study though?” You may be wondering.
It’s funny. I was having a conversation with one of my best friends not too long ago—a friend who was definitely around me all the time when I was launching this first product—and they had absolutely, 100%, no idea that my email list had only 71 people on it when I first released this course. And then, they told me it actually inspired them a ton.
That meant so much to me. And also made me realize that the few Periscope broadcasts I’ve shared this in before are not enough to really help and (hopefully) inspire others. I knew I had to make a case study out of it.
And so I did. I made two versions even. A shorter one that you can consume as a podcast and cheat sheet and a longer one that you will be able to watch as a workshop in the near future. For now, may I please introduce you to the audio version.
You can catch it as a podcast episode here (it’s even downloadable). And you can download the accompanying cheat sheet here. Or, you can read below for some of what I cover in a Q+A style. It’s not the whole episode and all the tips, but if you’re short on time or only want to read, the cheat sheet or summary below is for you.
So, some of the main highlights of what I cover are in this episode are:
- What it means to “scale” a product. (Hint: Scalability does not mean passive income.)
- How I built my (super small) audience before my launch.
- How I decided on the topic of my first course.
- What exactly my first course consisted of.
- How much (if any) money I had to spend to make the course.
- How I picked the price for my first course.
- How long the course took to make and if it was finished when I launched. (Hint: No. It wasn’t.)
- How I promoted the course and which promotion efforts gave the best results.
- How much (net) money the course brought in.
- What % of my total list purchased.
- What I did after my launch.
- And more.