What is Skool? The TRUTH about Alex Hormozi NEW way to make $10,000 per month!

Summary

The video discusses the use of platforms like School and Kajabi for building online communities and monetizing content. The speaker highlights the benefits of owning customer data, which can lead to stable revenue streams, and critiques the challenges of visibility and competition on public platforms. They commend a YouTuber's strategy for efficiently collecting emails and engaging members while expressing concerns about potential imitation of successful models. Ultimately, the speaker emphasizes School's ease of setup compared to other platforms, suggesting it as a viable solution for community management and content delivery.

Takeaways

• 😀 Building a community is crucial for content creators, as it helps maintain audience engagement beyond social media platforms.
• 📧 Collecting email addresses when users join a community is vital for retaining customer data and enabling remarketing efforts.
• 💡 Understanding why community members join can enhance the experience and help tailor content to their needs.
• 🔍 Platforms like School allow creators to discover new communities, fostering collaboration and idea exchange.
• 📈 Publicly visible success metrics on platforms can attract new members but may also enable competitors to replicate successful models.
• 🚀 Hosting courses on private platforms like Kajabi keeps success data confidential, reducing the risk of competitors copying strategies.
• 🤔 Setting up community platforms like Discord can be complicated; simpler alternatives like School can save time and effort.
• 💰 School offers built-in payment solutions, which can be more advantageous compared to other platforms with high transaction fees.
• 📊 The speaker highlights the importance of having a reliable customer data ownership strategy to ensure business stability.
• 🌟 Anticipation for future improvements to School under new leadership indicates potential growth and expanded features for creators.

Q & A

What are the main features of the School platform?

School offers a user-friendly interface for hosting online communities, allowing creators to engage members through courses and discussions. It also includes features for community discovery and integration with email marketing.

How does Hamza generate revenue from his community?

Hamza charges for membership in his community, reportedly earning between $80,000 to $100,000 per month by offering self-improvement resources and courses to his members.

What is a significant concern regarding data ownership on the School platform?

One major concern is that School does not allow creators to collect customer data efficiently. Creators are at risk of losing access to their audience if their School account is deleted, unlike platforms like Kajabi where customer information is retained.

How does Hamza address the issue of email collection in his community?

Hamza requires new members to provide their email addresses when they join his community, ensuring he can build a mailing list for future marketing efforts.

What are the advantages of using Kajabi over School?

Kajabi provides more privacy regarding user data, allowing creators to keep their sales and membership information confidential. This reduces the risk of competitors copying their business models.

What challenges do creators face with the visibility of success on School?

The visibility of member counts and performance metrics on School can lead to competition and imitation, as others can easily see what successful creators are doing and attempt to replicate it.

How does the Discover tab on School benefit users?

The Discover tab allows users to explore various communities hosted on the platform, helping lesser-known creators attract members who may not have been aware of them.

Why does the speaker prefer School for community management?

The speaker finds School to be easier to set up and manage compared to Discord, which can be complex due to its administrative tasks and bot management.

What future changes are anticipated for the School platform?

The involvement of Alex Hormozi is expected to bring new features and enhancements to School, improving its functionality and appeal to creators.

What should creators consider when choosing between School and Kajabi?

Creators should evaluate their needs for community engagement, data ownership, ease of use, and the level of privacy they require before deciding which platform suits them best.