How I Built a 7-Figure Business in 7 Months

Summary

In January 2024, the speaker embarked on a new business venture in online education, leveraging the platform 'school' to create a scalable digital product. They invested over 40 hours crafting a free 'school master class' which gained significant traction on YouTube. Within a month, their paid School Community reached $30,000 per month, and now consistently generates over $100,000. The speaker emphasizes the power of online education and the subscription-based model, suggesting that by following successful frameworks and adding personal touches, one can achieve similar success. They offer a free 'school master class' as a guide for those interested in this path.

Takeaways

• 🚀 On January 15th, 2024, the speaker started a new business from scratch which now generates over $100,000 per month.
• 🔑 The business success was not achieved through traditional models like SMMA or dropshipping, but through a new business model involving online education.
• 💡 The speaker was previously burnt out from running an SMMA and sought a more scalable and enjoyable business model, leading to online education.
• 🌟 The speaker's online course and community model is scalable because it allows for creating a product once and selling it multiple times.
• 📈 The speaker's business grew rapidly, reaching $10,000 per month in the first 10 days, doubling to $20,000 by day 20, and reaching $30,000 by day 30.
• 🎓 The platform 'school' was identified as a key tool for creating online communities and monetizing passions or expertise in an educational setting.
• 🏆 The speaker participated in the first 'school games', earning $44,000 in 27 days, which led to an invitation to Las Vegas to meet with key figures in the industry.
• 🔄 The subscription-based model of 'school' allows for a lower monthly fee, creating a sustainable and recurring revenue stream, similar to major companies like Netflix and Spotify.
• 📚 The speaker advises aspiring entrepreneurs to learn from successful models in the market, adapt them, and put their own unique spin on the business.
• 🆓 A free 'school master class' is offered by the speaker, detailing the process of creating a successful $100,000 per month School community in just 7 months.

Q & A

What significant change did the speaker make on January 15th, 2024?

The speaker started a new business from scratch.

What was the speaker's previous business before starting the new one?

The speaker was running a social media marketing agency (SMMa).

Why did the speaker decide to switch from an SMMa to online education?

The speaker was burnt out from the constant stress of delivering client results and the lack of scalability in the SMMa business.

What was the speaker's initial investment in the new business model?

The speaker did not require any startup capital to start the new business model.

What is the name of the platform that the speaker used to create their online community?

The platform used by the speaker is called 'school'.

Who are the founders or significant investors behind the 'school' platform?

The 'school' platform was founded by Sam ens, and Alex Orosi made a significant investment into it.

How did the speaker's business grow to generate over $100,000 per month?

The speaker's business grew through creating a free 'school master class' that gained traction, followed by launching a paid School Community.

What is unique about the 'school games' mentioned in the script?

The 'school games' are contests where participants can earn money and potentially be invited to exclusive events by performing well in the platform's challenges.

What is the core business model of the 'school' platform?

The core business model of 'school' involves selling online courses and communities for a lower monthly fee, creating a subscription-based, scalable business.

How did the speaker approach creating their online course and community?

The speaker copied the framework of successful entrepreneurs, studied their strategies, and then put their own twist on it.

What advice does the speaker give to those interested in starting an online education business?

The speaker advises to observe and emulate successful online courses, understand their market positioning, and then apply one's own unique approach.

Outlines

00:00

🚀 Launching a Successful Online Education Business

The speaker shares their journey of starting a new business from scratch, which now generates over $100,000 monthly. They explain that this success was not achieved through traditional online marketing or dropshipping, but through a unique business model involving online education. The speaker emphasizes the shift from a service-based business model, where they were trading time for money, to creating a digital product that could be sold repeatedly. They highlight the importance of creating valuable content at an affordable price and reaching a wide audience. The speaker also shares their experience with the 'school' platform, founded by Sam ens and invested in by Alex Orosi, which allows for the creation of online communities around various topics with a focus on scalability and monetization. The speaker's success is attributed to leveraging the platform, creating a free 'school master class' that gained significant traction, and eventually leading to a paid School Community that rapidly increased in revenue. The speaker also mentions participating in the 'school games', a competition that further boosted their earnings and provided networking opportunities.

05:00

📚 Embracing the Subscription Model in Online Education

The speaker delves into the business model of selling online courses and communities through a subscription-based approach, drawing parallels with major companies like Netflix and Spotify that rely on recurring revenue. They explain how this model is more sustainable and scalable than one-time high-ticket sales. The speaker shares their experience of rapidly scaling their business to a seven-figure revenue within seven months by offering affordable, recurring online education. They also discuss the importance of learning from successful entrepreneurs and adapting their strategies to one's own business. The speaker provides advice on how to start in the online education space, suggesting that one should identify successful courses, understand their marketing strategies, and then apply these learnings with a personal touch. They mention their own process of learning from previous courses and applying that knowledge to their School Community. The speaker concludes by inviting viewers to check out their free 'school master class' for a detailed blueprint on how they built their successful online education business.

Keywords

💡Leap of Faith

A leap of faith refers to a decision made without full information or certainty, often driven by intuition or belief. In the video, the speaker describes starting a new business from scratch as a leap of faith, highlighting the risk and uncertainty involved in such a venture. This phrase sets the tone for the entrepreneurial journey shared in the video.

💡Scalability

Scalability in business refers to the ability of a system, process, or business to handle growth in demand or workload. The speaker contrasts their previous business, an SMMA, with their new venture, emphasizing that online education offers greater scalability because it can reach a larger audience without a proportional increase in effort.

💡Online Education

Online education is the delivery of education content via the internet, often in the form of courses or lessons. The video's central theme revolves around the speaker's success with online education, which they found to be a more profitable and enjoyable alternative to their previous service-based business.

💡Digital Product

A digital product is a product that is distributed in digital form, such as software, e-books, or online courses. The speaker discusses creating a digital product (an online course) as a way to escape the time-for-money trade-off inherent in service-based businesses, allowing for a one-time creation with multiple sales.

💡School Platform

The School platform is mentioned as a tool for creating online communities and selling courses. It is central to the business model discussed in the video, allowing the speaker to monetize their expertise and create a scalable business. The platform's features, such as the ability to run 'School Games', are highlighted as unique selling points.

💡Subscription-based Business Model

A subscription-based business model involves customers paying a recurring fee to access products or services. The speaker explains that instead of selling high-priced one-time courses, they offer a lower monthly fee for access to their course and community, creating a sustainable and stable revenue stream.

💡Monthly Recurring Revenue (MRR)

MRR is a metric used to measure the amount of revenue a subscription-based business receives regularly. The video emphasizes the importance of MRR in building a stable business, comparing it to major companies like Netflix and Spotify that rely on recurring revenue.

💡School Games

The School Games are a contest within the School platform where creators can earn money and recognition. The speaker participated in the first School Games, earning a significant amount and being invited to an event, illustrating the potential for rapid growth and community engagement within the platform.

💡Framework

A framework in this context refers to a set of guidelines or a blueprint that outlines a process or system. The speaker suggests that using a framework, such as the one provided by the School platform or their own master class, can simplify the process of starting an online education business and increase the chances of success.

💡Master Class

A master class is an advanced course or workshop, often led by an expert in a field. The speaker created a free 'School Master Class' to teach others how to replicate their success, providing a step-by-step guide that leverages the speaker's experience and the School platform's features.

Highlights

Started a new business from scratch on January 15th, 2024.

Business now generates over $100,000 per month.

Achieved success without traditional methods like affiliate marketing or dropshipping.

Introduced a new business model poised for significant growth.

Shares the business model and how to get started for free.

Previously ran a social media marketing agency but experienced burnout.

Transitioned to online education for scalability and enjoyment.

Created a digital product to escape the service-based business limitations.

Discovered the potential of online education through an Instagram post by Alex Ramos.

Invested 40-50 hours to create a free School Masterclass, gaining significant traction.

Launched a paid School Community, reaching $10,000 per month within 10 days.

Revenue doubled to $20,000 per month by day 20, and $30,000 by day 30.

Results are not typical, leveraged existing email list and following.

School platform allows creating an online community around any topic and monetizing it.

School was founded by Sam ens, who previously generated over $32 million per year in online education.

Alex Orosi, a major business influencer, made a significant investment in School.

School enables selling online courses and communities for a lower monthly fee, creating a subscription model.

Participated in the first School Games, earning $44,000 in 27 days.

Offers a free School Masterclass detailing the creation of a $100,000 per month School community.

Emphasizes the importance of copying successful strategies and adding a personal twist.

Provides a step-by-step blueprint for starting an online education business or School Community.

Transcripts

on January 15th 2024 I took a leap of

faith and I started a new business from

scratch and if you fast forward to today

that business is now generating more

than

$100,000 every single month and no it

wasn't through smma affiliate marketing

or Drop Shipping I achieved this with a

new business model that is set to

completely explode this year and in this

video today I'm going to break down

exactly what that business model is how

it works and how you can get started

with it today completely for free

without any startup Capital at all so

without further Ado let's just dive

right into it now back in January I knew

that I needed to make a change because

since 2017 I had been running a social

media marketing agency or an smma and to

be completely honest with you I was

burnt out like the constant stress of

delivering client results the lack of

scalability it was just draining and I

wanted to do something that was not only

more profitable but also a lot more fun

and like fulfilling and that's when I

realized that on online education was

the perfect fit for me it allowed me to

focus on something that I genuinely

enjoyed while also selling a more

scalable digital product because with a

service-based business like an smma I

was always trading my time for money but

with an online course I could create a

product once and then just sell it over

and over and over again and I knew that

the potential of this was huge I knew

that if I could create something

extremely valuable at an affordable

price and reach thousands of people

online this could become like a game

changer and then one day I came across

this Instagram post by Alex Ramos where

he mentioned that he was going all in

with the biggest investment of his life

into this new platform called school and

instantly I knew that this was my

opportunity and I knew that I just had

to go on in on this and over the course

over a single weekend I poured in like

40 to like 50 hours into creating this

free school master class as I called it

I uploaded to YouTube and it quickly

started to gain quite a bit of traction

I had like tens of thousands of views

then 20 thousands of views and by now I

think it has like 160,000 views and by

then I knew that I was on to something

that could become pretty big and within

the first 10 days of me launching my

paid School Community I hit $10,000 per

month by day 20 it doubled and I was

generating $20,000 per month and by Daye

30 it was generating

$30,000 per month which was pretty

insane now I want to be clear though

like these results aren't typical right

I had an email list already I had a

small following that I could leverage I

had a free school Community as well but

the experience of doing this completely

opened up my eyes of the possibilities

like I was sold from the get-go and now

7 months later today that same online

course and online community is

generating more than

$100,000 every single month and it's

growing I'm also helping other people to

do what I'm basically doing but before

we get into that let me just explain

more about what this business model

actually is and how it works so let's

break it down the core of it is

basically selling online education and

the industry is absolutely massive but

what makes it unique this specific

business model with school is the

platform in itself like school was

founded by this guy called Sam ens and

then Alex Orosi made a significant

investment to say the least into school

early in 2024 and if you're not familiar

with Sam ens he previously ran a

business called consulting.com where he

sold online courses and generated more

than 3236 million per year so he knows

the online education industry pretty

well and harosi he's one of the biggest

business influencers on YouTube if not

the biggest one and so together these

two guys and individuals they're pushing

school to the Forefront in the online

education space so school is basically a

platform that lets you create an online

community around virtually any topic

that you want and you can monetize your

passions or your skills your expertise

in a way that it's truly truly scalable

and people are now starting to make some

serious money with school and one of the

coolest thing about school is something

that they called the school games and I

participated in their first school games

ever back in February of 2024 and I

managed to play top 10 by earning

something like $44,000 in 27 days and as

a result of that I was invited to Las

Vegas to meet her MOSI and to meet Sam

at the accusation headquarters and I was

also meeting the other winners there of

course and it was an incredible

experience and the best part is that

this contest is now renewing every

single month so if you ever decide to

start a school Community yourself and go

for the school games you have the chance

to win that every month but let's go

back to the business model for a sec

like instead of selling High ticket

courses for ,000 to $110,000 up front

one time

what school does is that it allows you

to sell an online course and the

community for a lower monthly fee let's

say $100 per month and this basically

creates a subscription based business

model which is far more sustainable

because think about it basically every

major company today from like Netflix to

Spotify they rely upon monthly recurring

Revenue also known as mrr it's the key

to building a sustainable and stable

business and this was exactly how I was

able to scale a seven figure business in

just 7 months by offering something

affordable with a recurring price tag

now let's talk a little bit about as

well how you can get started in the

online education space or maybe even

school if you're interested in that

because here's the truth I did not

reinvent the wheel when I started my

school Community I simply copied what

other successful people were already

doing because in the past I tried to

figure out everything on my own right

only to fail over and over and over

again but then when I started to observe

and emulate what other successful

entrepreneurs were doing and then just

putting my Twist on it then finally

things started to work for instance I

had gone through some ovens previous

courses back in 2017 Consulting

accelerator and Consulting up level and

I absolutely love those courses so what

I decided to do is just to follow his

framework of selling courses and the

results well it worked and this is is a

massive business lesson when we're

starting out in business we often try to

do everything on our own we think that

we have to be 100% original we can't

copy anybody and we have to come up with

our own plans 100% but the reality is

that the most successful entrepreneurs

out there they just identify what the

market wants they copy what works and

then they put their Twist on it so if

you're inspired by the story and if

you're looking to start like your own

online education business or maybe even

a school Community the next question

always is what should it be about like

what should my course in community be

about and how can I make money with that

so let me give you an example let's say

you just love to play the piano right

and you want to teach others how to do

the same then what you do is that you

simply find somebody online who's

already selling a similar course and

best case scenario they are already

making millions of dollars the more they

make the better and I know for a fact

there are people out there making

millions of dollars on piano courses

then you study how they position their

product how they Market their product

and how they're selling their product

and then you just use that and put your

own spin on on it this is by far the

most easiest way to get started with an

online education business you just see

what other people are doing that are

already successful they have a product

Market fit they have something to sell

that people want and then they just put

their own twist on it now I also know

that all of this can seem very

overwhelming right you know we have

school what is school or you like

creating a course how you do that or how

do you build community and how do you

sell everything but I can promise you

this the process is a lot easier than

you think especially if you have a

framework or a step-by-step process that

you can follow like a blueprint and that

is exactly why I created my free school

master class that shows you in detail

how I created a $100,000 per month

School community in just 7 months and if

you're interested in checking that out I

will link that video somewhere here on

the screen or in the description here on

YouTube so that you can go and check it

out I'll see you there let's go