My First Million #183 - How Course Businesses Work, How Irish Pubs as a Service is Making Millions & Profiting From Vacant Office Spaces
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May 19, 2021 Dive into the booming world of online courses with insights on different business models and growth strategies. Explore a hilarious Twitter confrontation that led to some unexpected blocks. Discover how the innovative concept of 'Irish Pub as a Service' is raking in millions. The hosts also brainstorm quirky ideas like selling ice and capitalizing on vacant office spaces in the age of remote work. Get ready for a whirlwind of entrepreneurial creativity and the secrets behind thriving in today's market!
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Course Business Model for Creators
- Build an audience focused on a specific niche.
- Create and sell a course, then offer higher-priced coaching or consulting.
Masterclass Strategy
- Masterclass succeeds with high production value and A++ talent.
- Their subscription model thrives on aspiration, not just course completion.
Course Completion Rates
- Nick Huber launched a course with low completion rates, a common issue.
- Only a tiny percentage of students finish online courses, highlighting a challenge in online education.