The Online Course Show 128: The Millennial Money Man & Courses
Apr 21, 2020
57:02
Spoiler alert: this episode involves money, wine, and some big ups and downs to go along with that! Bobby Hoyt was our guest and he is not called the Millennial Money Man for nothing. We had a super-fun conversation and I think there is a lot to be learned here no matter how much online course experience you do or don’t have.
"It was the right product for the right audience at the right time."
- Bobby Hoyt
I had a great time chatting with Bobby and hearing his insights into what it takes to run a successful online course and more.
In This Episode, We Talked About:
- (2:32) Why David thought today’s guest would be the perfect interviewee for our podcast
- (3:46) An update on my Amazon affiliate issues
- (4:37) How is David’s business and course creation process going during the current pandemic?
- (6:54) Thoughts on keeping podcast content evergreen despite world events and what my Facebook live sessions accomplish that the podcast can’t
- (8:31) A minor glitch while jumping into the interview
- (9:16) How Bobby got started with online courses
- (13:12) Instant success vs. the more common reality
- (14:24) Why Bobby stopped putting out income reports
- (16:02) His current course offerings and number of students
- (19:23) How important is income diversification?
- (21:04) Bobby’s story about quitting his teaching job
- (23:36) Thinking through the big decision
- (25:17) The thrill of a successful first launch and a special bottle of wine
- (30:43) A disclaimer and a discussion of Bobby’s early conversion rates
- (32:46) Struggles along the way
- (34:56) Having a partner vs. working alone
- (36:21) The most stressful aspects of running an online course without support
- (39:41) Bobby’s favorite perk of having a successful course business
- (41:08) The top tools Bobby uses
- (43:33) His advice for aspiring course creators
- (44:20) Where to find more info from Bobby and his wife
- (45:59) David and I discuss our favorite moments from the interview
- (47:47) Ups and downs for online course businesses
- (51:24) How I handle certain tasks and how I may outsource them in the future
- (53:05) Thinking through when different people may decide to quit their day job
- (55:22) Wrapping up
That’s all for now, folks! See you on the next episode of The Online Course Show.