Step by step how i made $16.4M so you can just copy me
Summary
TLDRIn this detailed account, Will shares his journey of building an online education company from scratch to a $16.4 million sale. Starting in his parents' spare room with minimal capital, he leveraged trading insights, Twitter engagement, and tiered product offerings to grow his business. Will's strategy evolved to include YouTube marketing, webinars, and high-ticket sales funnels, culminating in a lucrative exit to a private equity firm. His story emphasizes the importance of mentorship, continuous learning, and strategic scaling to achieve success in the online education space.
Takeaways
- π The speaker, William Brown, built an online education company from scratch and sold it for $16.4 million.
- π He started with a simple idea and a Word document, which he sold for Β£50, and gradually improved the product based on customer feedback.
- π‘ The initial success was accidental, but he capitalized on it by turning the document into a more comprehensive PDF and later a video course.
- π Brown scaled his business by incrementally raising the price of his offerings and enhancing the content to match the value.
- π In 2019, he introduced tiered pricing for his courses, which helped him make around Β£240,000 that year.
- π He leveraged social media and YouTube to grow his audience and convert followers into customers.
- π Brown emphasizes the importance of investing in mentorship and education to overcome knowledge gaps and grow the business.
- π° He experienced significant growth after learning to run YouTube ads and implementing sales funnels.
- π Brown won a $10 million award from ClickFunnels, validating his success in the online education space.
- π He transitioned from automated webinars to a sales call funnel, which increased profitability despite a decrease in revenue.
- π Brown is currently writing a book and offering coaching services to help others build, grow, or exit their online education businesses.
Q & A
How did William Brown start his online education company?
-William Brown started his online education company by accident. Initially, he was a professional musician and began trading financial markets as a side hustle. After starting a Twitter account to share his trades, one of his followers asked for help with trading, which led to the creation of a Word document that he sold for Β£50. This was the beginning of his e-learning company.
What was the initial idea that led to the creation of William Brown's e-learning content?
-The initial idea was born when a follower of William's Twitter account asked if he could learn from him in person. William agreed, and after the session, he realized that if one person was willing to pay for his help, others might be too. This led to the creation of a Word document that he sold to his followers.
How did William Brown's approach to pricing evolve over time?
-William Brown's approach to pricing evolved from charging Β£50 for a Word document to creating a tiered pricing structure with bronze, silver, gold, and platinum levels. As he received feedback and improved the product, he increased the price from Β£50 to Β£90, then to Β£150, Β£200, and eventually to Β£250. Later, he transitioned to webinars and sales call funnels, raising the price to Β£2,000 and eventually to Β£85,000.
What was the role of YouTube in William Brown's business growth strategy?
-YouTube played a significant role in William Brown's business growth strategy. He started a YouTube channel to attract more followers and drive traffic to his Twitter account, which he used as a conversion mechanism to sell his e-learning products. As his YouTube and Twitter following grew, so did his sales.
How did William Brown optimize his business for profitability and tax?
-William Brown optimized his business for profitability by focusing on high-quality products and services, which attracted higher-quality buyers who were more invested in the results. For tax optimization, he moved to Dubai, which offered a more favorable tax environment.
What was the impact of implementing a sales call funnel on William Brown's business?
-Implementing a sales call funnel initially led to a decrease in revenue but increased profitability. The transition from a webinar to a sales call funnel allowed for higher product pricing and better client quality, resulting in fewer support tickets and more clients who were committed to the program.
What was the significance of the $10 million award from ClickFunnels to William Brown?
-The $10 million award from ClickFunnels was significant as it recognized William Brown's achievement in generating $10 million in cash through his online education business. The award was not given lightly; it required proof of revenue through PayPal, Stripe, bank statements, and company history.
How did William Brown's business perform in terms of sales after selling it to a private equity firm?
-After selling his business to a private equity firm, William Brown mentioned that the business continued to perform well, even making a little bit more since the new owners took over.
What was the highest monthly revenue achieved by William Brown's company before he sold it?
-The highest monthly revenue achieved by William Brown's company before he sold it was Β£8,824,000, which occurred in the month he signed the Letter of Intent (LOI) to initiate the sale of the company.
What is William Brown's current focus after selling his online education company?
-After selling his online education company, William Brown is currently focused on writing a book that encapsulates everything he has ever learned about building and scaling an online education business. He is also founding a company to help others build, grow, or exit their online education businesses.
What advice does William Brown give to those who want to build a successful online education business?
-William Brown advises that when you don't know how to do something, you should find someone who has done it and pay them to learn from their experience. He emphasizes the importance of investing in mentorship, masterminds, and education to acquire the knowledge necessary to succeed.
Outlines
π From Zero to $16.4M: The Online Education Journey
William Brown introduces his online education company's success story, detailing how he built it from scratch into a multimillion-dollar business. Starting in his parents' spare room with minimal capital, he shares the accidental beginnings of his venture and hints at the step-by-step process he will explain in the video. Brown emphasizes the importance of learning and adapting, promising an in-depth account of his experiences, challenges, and achievements.
π Trading to Teaching: The Pivotal Move
After establishing himself as a professional musician, William Brown began trading financial markets to supplement his income. He then started a Twitter account to share his trades and connect with other traders. This casual endeavor led to a pivotal moment when a follower paid him to learn trading in person. Recognizing potential, Brown expanded this into a paid service, offering a Word document of trading strategies, which marked the accidental inception of his e-learning company.
π Scaling the E-Learning Business: From Word Docs to PDFs and Beyond
William Brown describes the organic growth of his e-learning business, starting with selling a simple Word document and evolving to a more comprehensive PDF guide. He outlines the process of enhancing the product based on customer feedback, which led to the creation of various tiers of service, including video content. This iterative improvement and the introduction of different pricing tiers significantly increased the product's value and his revenue, culminating in substantial earnings by the end of 2018.
π The Power of YouTube and Website in Business Expansion
In 2019, Brown expanded his business reach by launching a YouTube channel and a professional website. These platforms served to attract more followers and potential customers, which he then directed to his Twitter account for conversion. He also introduced different tiers of service, from basic PDFs to comprehensive coaching packages, and significantly increased his prices as the product's quality and value improved. This strategy led to a substantial increase in sales and profit.
π« The Transformative Impact of Mastering YouTube Ads
A turning point in Brown's business came when he learned to run YouTube ads from Alex Becker's program. This knowledge enabled him to scale his business dramatically, achieving a high return on ad spend. He shares his experience of implementing automated webinar funnels and YouTube ads, which led to a massive increase in sales, culminating in a 15x cash return on ads by the end of 2020.
πΌ Transitioning to High-Ticket Sales and the Move to Dubai
Brown discusses the strategic shift to a sales call funnel, which, despite initially reducing revenue, significantly increased profitability. He also talks about his personal transition, moving to Dubai for lifestyle and tax optimization. This move was prompted by a substantial tax bill from his successful 2019. He emphasizes the importance of scaling quickly when profitable and the lessons learned from joining various masterminds.
π Continuous Growth and the Art of Price Testing
The narrative continues with Brown's experience of raising prices without affecting sales volume, which interestingly led to higher client quality and reduced support demands. He shares insights on the relationship between product pricing and buyer quality, highlighting that higher-priced products attract more invested and serious customers. This realization influenced his pricing strategy as he continued to enhance and iterate the program.
π The Peak of Success: Scaling to Multi-Million Dollar Months
Brown recounts the peak of his company's success, reaching a high of $8.24 million in a single month, coinciding with the signing of the Letter of Intent (LOI) to sell the company. He reflects on the company's growth, the team's expansion, and the culmination of his dream to build a company valuable enough to be sold to a private equity firm.
π The Knowledge Economy: Investing in Mentorship and Continuous Learning
In the final paragraph, Brown emphasizes the importance of continuous learning and seeking mentorship. He shares his philosophy of investing in knowledge by joining masterminds and purchasing programs from successful individuals. He argues against the idea of trying to succeed alone, stating that those who fail to invest in learning from others are wasting time and missing out on potential earnings.
π― The Next Chapter: Coaching and Book Writing
William Brown concludes the video script by sharing his current endeavors, which include writing a book encompassing all he has learned and founding a company focused on helping others build, grow, or exit online education businesses. He offers his coaching services for those looking to succeed in the online education space and invites interested individuals to join him on this journey.
Mindmap
Keywords
π‘Online Education Company
π‘E-Learning
π‘Product Market Fit
π‘Profit Margin
π‘Private Equity Firm
π‘Sales Funnel
π‘YouTube Ads
π‘Webinar
π‘Mastermind
π‘Exit Strategy
π‘Business Coaching
Highlights
William Brown shares his journey of building an online education company and selling it for 16.4 million.
Started with 7 or 8K and grew the company from his parents' spare room in the UK.
The company began by accident, evolving from a Word document to a full-fledged e-learning platform.
Received a 10 million award from Clickfunnels after proving 10 million in cash earnings.
Moved to Dubai for weather and tax optimization, enhancing business growth.
Began trading financial markets as a side hustle while being a professional musician.
Started a Twitter account to share trades, which led to the accidental start of his e-learning business.
Sold a Word document for Β£50 to a follower, realizing the potential for an online education product.
Iteratively improved the product based on customer feedback, increasing its price and value.
Made about 22k in 2018 by selling educational materials and growing the business organically.
Expanded the business with different tiers and introduced a website and YouTube channel in 2019.
Generated around 240k in 2019 by continuously enhancing the product and its marketing.
Learned to run YouTube ads and build sales funnels, which massively scaled the business in 2020.
Scaled the business to 1.3 million in sales in 2020, maintaining a lean team for high profit margins.
Transitioned to a sales call funnel in 2021, which increased profitability and client quality.
Sold the company for a multi-seven figure amount to a US private equity firm, achieving a dream.
Emphasizes the importance of investing in mentorship and education to unlock business growth.
Currently writing a book and consulting others on building, growing, or exiting online education businesses.
Transcripts
hey guys it's will and in this video I
want to tell you step by step how I made
16.4 million through my online education
company uh so that you can copy me and
do the same or or at least very similar
to to what I've done I'm sure that
you're not going to do exactly the same
because that would that would probably
be pretty
impossible but I'm just going to share
the story with you I'm going to share
exactly how it happened step by step
so that you can hopefully uh grab a grab
a pen grab a piece of paper make notes
as I tell you this story and then
hopefully if you are somewhere on the
journey I bet this well I hope that
there's something in here that you can
pinpoint for yourself and help you
either course correct if you need to or
um just just learn something that's
going to help you get further and and
get to the next level okay so maybe a
bit of a long video I'm going to go
pretty in depth I'm really going to tell
you everything in this video so let's
get into
it so to begin with for those of you who
maybe don't know who I am my name is
William Brown again it's the name of the
channel I laughed about that in in my
last video and over the last uh six
seven years I built an online education
company grew it from not well zero I
mean technically zero when I started it
I started it from my parents spare room
back in uh the north of England and I
honestly had about 7 or 8K to to my
name and I started it from just an
idea and it actually started by accident
and I'll tell you how in in just a
second this was all a pretty much a well
not all a complete accident but it
started by pretty much accident and
since then I've made $16.4 million that
was the total that I
made when I sold that e-learning company
to a private Equity Firm and that deal
closed about 10 weeks ago now in fact I
made a video that's here on the channel
literally about 2 hours after I got the
wire from the private Equity Firm of the
funds so you can go and watch that maybe
now or or after this one that's a very
raw and real video that is a very raw
and real video for sure uh so yeah so I
I recently sold the company to a PE firm
and when I sold it i' made 16.4 million
they've made a little bit more now since
they took it
over I've also won this uh award this 10
million award from from
clickfunnels uh and by the way they
don't just hand those out anybody can
apply for them but when you do apply you
get audited you've got to send your
PayPal your stripe your bank statements
company history blah blah blah so
they don't just kind of hand those out
you you have to actually prove that you
have made 10 million in cash to to get
one of those things but I've won that as
well which is quite cool and along the
way I moved to Dubai about two and a
half years ago to optimize for number
one the weather and number two the tax
side of things so it's been a wild ride
over the last uh six seven years but
anyway let's get into it how exactly did
all of this bloody happen
right so if we rewind back to the end of
2017 the start of 2018 or or
thereabouts I started trading financial
markets now I was a professional well I
was I was a professional musician at the
time I was DJing all over the world
making uh music full-time getting paid
on average 2K a month sometimes 3 4 five
if I did a if I did a tour sometimes
zero if I didn't DJ for a month zero so
average 2 3K a month as a as a
musician I was uh about 25 years old and
I started trading financial markets to
make extra money and I thought to myself
if I can trade and I can do music then I
can probably make enough to like you
know save up for a nice car and save up
for a nice house and start to build a
relatively normal life
so I started trading on the
side and did did pretty well there was a
lot of beginners looking that uh I think
I've made a video in the past or I've
I've if you go and watch one of the
podcasts that I've done I've told that
story about the whole trading side of
things so I won't go into that here
let's keep it focused on the online
education business for this video but I
started trading uh after about a year or
so uh one of my I had a Twitter account
so this this is really actually pivotal
to the story so step one I started uh
trading step two after about 9 months 10
months or so I started a Twitter account
to share my trades talk to other Traders
build up a little online friend group of
Traders and that was more just for fun
to keep me occupied through the
day and just give me something to to
keep me busy talk to others share ideas
see what other people are doing blah
blah blah so it wasn't a marketing tool
at
all now
after about a year and a half of trading
and with the Twitter I maybe had 300
followers and the Twitter still exists
to this day by the way so you can go and
scroll right back to 2018 I think or
thereabouts and see the tweets so so
it's still there the proof is there
which is quite cool but anyway and one
day uh one of my followers who was was
kind of a buddy of mine an online buddy
reached out and he said uh could you
help me with my trading and we we live
close to each other basically he he was
in the north I was in the north and he
said is there any way that I could come
to your house for a couple of hours sit
with you whilst you trade watch you and
learn from you so I said yes he came
over he paypaled
me50 I've probably still got that
transaction to this day
actually and over he comes and he spends
two hours with me and he made notes he
made like a onepage Word
document of of of notes you know we
these markets blah blah blah this is
what we do this is how we do it these
are the timings all of that stuff
right and then he took that away with
him and it just occurred to
me if he would pay me for for a little
bit of help maybe other followers would
pay me for some kind of
help so I took it upon myself I Got That
Word document back from him and I
messaged a few of the followers that I
was I was already chatting with and I
basically offered them the word document
and I said look you know with Sam bought
it for 50 last week he came to my house
if you would like it I know that you
said you were struggling with this well
this might help you and it's it's Β£50 if
you want to buy it and if few of them
bought it right so I'd made maybe
Β£200
Β£250
but that was it was an amazing feeling
man I can't I can't describe there's no
feeling quite like because it felt like
free
money because they would just send me 50
I would send them this word
document and then they would you
know be happy and and it would it would
actually helped them so that was kind of
The Accidental first stage of my
e-learning company right now what
happened next was those guys started to
give me feedback so you know one of them
would say oh is there any chance that we
can put some images in to show us
instead of just the text so I did that
and then some of them said oh I've got
this question that question this
question could you put a little Q&A bit
in so I did
that uh and they basically accident ly
helped me find product Market fit in a
weird way because they just G they gave
me Product feedback and then I made the
product better and they gave me Product
feedback then I made the product
better and then after a few weeks and
after their feedback I thought I wonder
if I could charge a little bit more for
this like
90 and I did I sold a couple more at90
PS then I thought well maybe I could
charge 150 and make it into a bit more
of like a
a a thing so I made it into almost like
a like a PDF you know six or seven or
eight
pages of a PDF document with proper
titles and images and stuff like that
and I started charging 150 and then2 200
and then Β£250 and I kept making it
longer better more detailed as I raised
the price and it worked and by the end
of that year which was 2018 because I've
still got
uh the financial tracker that I used to
keep I made about I think it was
22,000 like20 odd pound so call it
22k and this was from like May 2018 to
the end of 2018 I made about
222,000 from selling this as I Rose the
price made it better and it turned from
the word document to the PDF then it
turned into a Dropbox folder of videos
with the
PDF and then going into 2019 I had like
a bronze tier and a gold tier no I had a
bronze a silver a gold and a platinum
tier to the to the thing and it was
like2 200 for the bronze for like just
the
PDF 400 or something like that for the
silver for like the PDF and the videos
gold was like that plus coaching and
platinum was that plus like six months
of coaching and oneto one and blah blah
blah just like as much as I could offer
the customer and that was like
995 and in
2019 as I built out those tiers I also
started a website a proper website and
again the website is still there to this
day and I also started a YouTube channel
which is still there to this day because
I thought to myself this is
working selling these files through
Twitter is working but my Twitter's tiny
I had like 300 400 subscribers uh
followers sorry so I thought how can I
get more
followers and it just occurred to me
well if I start a YouTube I can have fun
making videos and putting them on there
I can send all of the traffic to Twitter
and then I can use Twitter as the
conversion mechanism to speak to them
and sell them on the product basically
and that's what I did so in 2019 I
started the YouTube and again it still
exists you can go to it you can scroll
right back and see my first ever video
they ain't great they ain't great um but
nonetheless that grew the Twitter as the
Twitter grew I made more sales and as I
made more sales I made the product
better and as I made the product better
I raised the price so can you see
how that how it worked and then in 2019
I made I think it was about
240k or there abouts 2 230 240 it was
about a quarter of a million in 2019 and
then I knew I was on to something you
know well M that was like that was the
year that was probably probably the most
defining year of my
life but yeah that year changed the game
so when that year ended it was just me I
think I had one team member I'd hired
one of my best customers uh Paul who
still works in that company too this day
by the way which is pretty cool so Paul
if you watch this video you're you're
absolutely awesome thank you so much for
the years of help and hard work and
support and love so super appreciate you
buddy so I think Paul was my first ever
hire came in to help with support I
think i' h HED a coach by then I'd hired
one of my best coaching clients this guy
Tom Tom still works in the company to
this to this day as well all EAS is
on same to you Tom if you watch this
buddy big love big respect big
appreciation
man so I think I had about two team
members Paul and Tom Tom was doing some
of the coaching calls Paul was helping
with the email support side of things
and we just done about a quarter of a
million uh pounds and it was all
profit aside from a little bit of
expense for for the team members it was
all profit because we were not running
ads we had a very very very small lean
team we had a few software expenses you
know like
um uh I think I had someone editing my
YouTube videos we had an email software
web hosting but you're talking not a lot
not a lot so it was the the the profit
margin was like 85%
really was it was insane man I made so
much money that year that was by far the
most money I'd ever made in a year
personally which feeds into something
else that I'll cover in a minute which
is moving to Dubai because I got a scary
tax bill a scary tax bill off off off
2019 but
anyway so end of 2019 things are going
really well and I I stopped doing music
in 2019 because I wasn't enjoying it I
didn't enjoy the travel uh it was so
sporadic I you know I could have tried
to to keep going but I just thought let
me go all in on this this is working so
well I'm making so much money it's fun
it's easy you know I'm loving it so let
me just stop doing music for now and I
stopped and then I never djed again I
never made music again and that was the
end of the music uh side of things now
one really pivotal thing happened
December 2019 was one of my last ever DJ
shows I was DJing a a club in London
called
Fabric and I was I was in the
hotel before the show and I saw a
YouTube ad from a guy called Alex
Becca and basically what he was saying
is he had a program that would teach you
to run YouTube ads and if you're already
selling online education this would
massively grow your company so it came
at the I mean good God like if there is
a God if God is real then he gave me
that advert that night because that
changed my [Β __Β ] life that advert
changed my life man so I saw the ad
clicked it booked in a call took the
call a few days later and bought Alex's
uh iron programs about
$8,000 and I learned to run YouTube ads
I learned how to build sales funnels
uh I learned how to write sales scripts
and all this really crucial stuff that
stupidly I just didn't know I just
didn't know I didn't know what a sales
funnel was
man I didn't know what I was doing cold
Outreach I didn't even know what cold
Outreach was I honestly didn't know I
just use common sense I just thought if
I speak to people and they have a
problem I can solve maybe they'll buy
from me and they did I just used Common
Sense this whole time until then and
then then I learned all this stuff but
anyway so I bought that and I quickly
made a webinar funnel an automated
webinar funnel and I made YouTube ads I
turned them on January 2020 and I
swear to the Lord above we were doing
like 15x cash so I would spend like you
know I'd spend like
Β£500 and we'd make thousands honestly
like I would spend spend let's say
Β£1,000 and I'd make like 15 grand back
from Those ads it was insane man so
anyway and I'm I'm actually I'm writing
a book at the moment and I put a
screenshot from the ad tracker in the
book so if any of you buy that book when
it comes out in a few months I run you
through all these early numbers and I
show you screenshots from the 2020 ad
tracker so you can see my you can
literally see exactly what I spent on
ads what the ROI was was all of this
stuff so I've put that in the book which
is quite cool so I'm excited to share
that with you guys when that comes out
in a few months and that book is just
going to show you exactly everything
that I've ever learned so that you can
build one of these businesses and make
this money for yourself but anyway back
on
track when I turned Those ads on it was
like printing money it was like owning a
money printer it was it was actually
scary like I just thought how on Earth
is this possible but anyway so I slowly
scaled Those ads and you know I'd spend
like 500 month one then I'd spend two
grand month two then I spent like five
grand month three 10 grand 25 Grand and
I just kept spending bit more bit more
bit more bit
more and then by in in that year 2020 we
did 1.3 million in
sales so we more than Forex the company
it's just insane it's just insane
but yeah so that was an amazing year and
again the team was so lean I mean I
think I hired another coach that year
but it was still it was me Paul Tom I
think azri came on board that year who
was our second
coach and when I got the tax bill from
2019 it was in
2020 and that was a scary tax bill and I
just joined towards the end of 2020 I
joined this guy Sam oven's
Mastermind I remember it clearly it was
$36,000 for the year and I met someone
in that Mastermind my buddy James who
just moved to Dubai from England to
optimize for tax and I posted in The
Mastermind and I said you know hey guys
I've just got this massive tax bill uh
have any of you learned any ways to get
this down James commented on the post
and he said yeah I've just moved to
Dubai from
Newcastle
and then he explained that it was pretty
easy it was not very expensive it's like
15 grand to to fully move everything
over here and that's what I did so I
started that process carried on scaling
the
webinar and in 2021 we were doing about
300K a
month I'm I'm almost certain that's
correct because I remember when when I
moved to
Dubai it it was at least a quarter of a
million a month at least a quarter of a
million between two 250 and 350 a month
we were doing with the webinar but we
scaled so far that profitability was
coming down and down and down and down
and down and when I moved to Dubai we
were
doing about
1.8x so if we spent 100,000 on ads we'd
make 1.8 back we' make like 180k back so
80
profit so we were doing about 1.8 on ads
and this was a ail May when I just moved
to Dubai
2021 and I just learned I knew about
sales call funnels already because I
learned that in Alex Becker's program
but I just thought I don't need this I
don't want to build a sales team but at
that stage I Revisited sales call
funnels and I also found out about this
guy called Cole
Gordon who was a is a big sales guy he
just spoke at my Mastermind uh a few
months ago awesome guy doing immensely
well multiple Millions a month across
his his handful of businesses and I
bought Cole Gordon's Mastermind as well
I think that was like $64,000 for the
year and we moved from a webinar to a
sales call funnel with a you know a
value video and a so on and so forth and
that was May June
2021 and that was that's what got us to
the to the next level
because when we made that move we came
right back down in Revenue so we went
back to like 60k a month 70k a month so
a big step down but we were hyper
profitable again again we were doing
like four 5x again so we went down but
the profit went massively up right so
there was a bit of there was a
rebalancing phase for for for a few
months but anyway so I took all the
sales calls myself I was doing like 10
calls a day six days a week it was
actually it was actually a great time I
look back on that time with with good
memories it was hard but good memories I
just moved to Dubai was feeling awesome
was feeling focused it was just I was
just on my own no girlfriend just a few
friends all doing the same thing it was
a good time it's a really good time and
then across that year I hired two or
three sales reps so I did calls myself
for about two three months then I
brought on a rep and then two three
months later we brought on another rep
and we just did the same as the webinar
we just slowly scaled up over the months
and one thing that I regret
actually was not scaling faster we we
should have scaled faster and if if
you're one of my coaching clients um if
you're one of the people I coach one
toone to build your education business
or grow your education business you've
probably heard me say this if you've got
an Edge and if you're very profitable on
ads just scale don't be stupid don't go
from spending a th000 to 10,000 but
scale fast and capitalize on the edge
whilst you've got it that's one thing
that I wish I did because I could have
made more money but I made a lot so I'm
I'm not
unhappy so we made the transition to a
sales C funnel that year
2021 and over the next few years that's
all we really did we just very slowly
scared further and further and further
hired another rep another rep another
rep and just pushed it and then we
started working on the back end and then
we
started uh we worked with a developer to
introduce a software that we would sell
to customers for $350 a month uh we
created like an online
Mastermind where people would oh and
here's another thing that I've missed
actually here's sorry here's another
thing that I've missed so how the price
has evolved
so just to take a step
back when I started out I had well
nothing first then I had the word
document then I had the PDF ebook thing
then I had the files in a Dropbox folder
then I for some strange reason thought
that it was a good idea to do the bronze
silver gold Platinum thing which worked
well but was a bit
complex then I moved to the webinar and
it was just one thing one product just
the Platinum program the big Platinum
program for
$2,000 right so
$2,000 and we kept it at 2,000 we tested
it a bit we tested two and a half that
didn't work we tested one and a half
wasn't profitable enough 2000 was The
Sweet
Spot and then when we moved to a sales
call funnel we moved it to $35,000
and then after three or four months we
moved it to I think it was $45,000 or
$5,000 and then we held it there for a
few months then we moved to like
$65,000 and we just slowly price
tested and what we actually found and
this is really interesting this is a
very valuable lesson to to share with
you guys when we raised the price we
still made the same sales so it didn't
impact sales at all which is quite
interesting
but support tickets went
down and client quality went up and what
I mean by that is more people would
finish the program more people would uh
do the hard work and get great results
we'd get more good testimonials good
reviews and again it was easier to
service them because they were almost
like a higher quality of
buyer which is quite quite interesting
but that's definitely one thing that we
found so that usually what I've learned
is the higher the price the higher
quality the buyer they're just a better
quality of of of buyer you know they
care more they're more invested they
want to do the work they're not they're
not a refund risk like when you sell
very cheap things you get a lot more
refunds when you sell expensive things
you get barely any refunds because
they're just higher quality buyers I
don't want to say people because that's
quite
crude but but it is true it is true the
higher the price the higher quality the
the buyer so that's definitely one one
thing that we found um and we raised the
price right up to where it was when I
sold the company so when I sold the
company it was
$85,000 for the program it was a much
bigger better program because across the
years we'd made it better iterated added
in a new section added in a mini course
added in more coaching done this done
that so we kept making the product
better across the years as we raised the
price so we didn't just raise the price
we didn't just take a two grand program
and charge eight in a [Β __Β ] half like
you can't do that for God's sakes so
that's not what we did I just want to
make that very clear it was a [Β __Β ]
great program man that program is it is
it's you can still buy it today the
company's still going to this day you
know seven years on which I guess says a
lot you know not many companies last for
seven years what whatever whatever the
industry but there you
go so yeah and then that's it we grew it
very far we built a big team we scaled
to uh the biggest month that we ever had
was 8
$824,000 which funnily enough was the
month that I signed the LOI to instigate
the sale of of the company and Loi is
basically a a confirmation letter
between you and the buyer to say we are
going to buy this now let's start the
buying process so I signed that back at
the uh that biggest month that we'd ever
had in May last year and then that was
it 6 months later I sold the company to
Hi View a US private Equity Firm for
multi7 figures which was exactly what I
wanted that was one of my dreams to be
able to to be able to build a company so
good that you can sell it especially for
a very high price was one of my dreams
so it's really nice to to achieve that
and that's basically the story I don't
know how long this video has been it's
been 20 28
minutes and it's been a wild ride but
it's just
been one probably the biggest thing I've
learned is if you don't
know what to do if you don't know what
you don't know you're going to get stuck
and you're going to stay stuck because
I've seen this happen a
lot one thing that's made me successful
is every time I've got a problem or I'm
stuck on something I find a mentor or a
coach who's done it and I just pay them
if they have a program I just buy it if
they have a mastermind I join it I've
spent way over way over
$250,000 now on uh Alex Becka's
Mastermind Sam's Mastermind Cole
Gordon's Mastermind Dan br's Mastermind
Alan Su sultanic is Mastermind on and on
all the courses I've bought all the
books that I've read which you can
actually see on on the shelf behind me I
read a lot of books so I've put in the
money and it's always the people that
think that they can do it themselves
that don't make it they never make it
because they just stupidly think that
they can do it themselves how on Earth
if you could do something you would have
done
it it's like Alex Sosi says if you were
capable of making a million a month you
would be making a million a month you're
not capable if you're watching this
video and you want to make let's say 10K
a month 50k a month 100K a month and you
are
not you're not capable or else you would
be doing it you'd have it if you were
capable of building your dream life
alone you'd have your dream life now but
you don't because you're not capable and
I I've learned that because before Alex
Becka's Mastermind I was sat on a 1.3
million a year business not making it
because I didn't know when I joined col
Gordon's Mastermind I was capable of
doing 800k in a month but I wasn't
because I didn't know
how so that's one massive thing that
I've learned and still to this day I'm
still I'm I'm in I'm in a mastermind
right now I've made almost well actually
I've made over $20 million selling
online education and I'm in a mastermind
right now still
learning getting better at copyrighting
getting better at writing value
videos I'm learning about YouTube I'm
growing my YouTube channel so
even the learning never ends and the
only people that aren't going to make it
are the ones that don't have the
knowledge and are so stupid that they
don't just invest in getting the
knowledge from someone that's been there
and done it you have to be an idiot I
understand that some people can't afford
it and if you genuinely cannot afford it
then you've got to find the money you've
got to save the money and if you can't
afford it and you don't do it you're
simply wasting your own time and just
missing out on the money that's all
you're doing you're just slowing
yourself down and costing yourself money
so that is probably the biggest thing
the biggest lesson I've learned if I
don't know how to do something I just
find someone who's done it and I just
pay them just just show me how to do it
man so I can unlock the money that's
waiting to be
unlocked so there we go guys that's the
Journey of building the online education
company scaling it to 16.4 million in
total sales selling it to a private
Equity
Firm
and right now a question you guys are
probably asking is what are you doing
right now so I'm writing a book which is
another one of my dreams I've always
wanted to do
that and the book is everything I've
ever learned nothing held back I've
given away everything scripts templates
just everything is in there that's going
to be coming out in April May so I can't
wait to share that with you and I'm also
just founding a company called uh buildg
grow and exit.com
and what I'm going to do believe it or
not is help people to either build an
online education business grow an online
education business or exit an online
education business so I'm already doing
that right now and the reason that came
about was because year and a half ago uh
one of my now friends was in a
mastermind that I used to be in and the
owner of The Mastermind was telling a
story of My Success and he reached
out and he he messaged me on Instagram
and he said hey Will Dan was telling
this story about you I'm struggling with
some stuff that you seem to have solved
if I pay you 3,000 a month can I please
have one hour with you a week and just
help
me and I helped that guy his name is
Oliver Dena his testimonial is actually
on my testimonials Channel William Brown
testimonials YouTube channel you can go
and watch that after this video and I
made him like over a 100 Grand in about
six eight
weeks so that was the first ever
business Consulting that I ever did with
anyone
ever and then I took on another client
and then another and then another and I
realized that was my true calling and my
true passion was helping people to build
these businesses so that's what I do now
I've got about 13 14 clients right now
and I help
them it's a mix of the two I help about
half of them I'm helping to build an
online education business about half of
them they've got one already and I'm
helping them to grow
it and it's just so good so fun so
fulfilling so enjoyable it's just
awesome man it's the Dream It's the
absolute dream so that's what I'm doing
now uh so I guess if any of you guys do
need any help with either building one
of these businesses or if you have one
growing it or even if you want to exit
and working with a couple of people to
help them exit as well which is quite
exciting I'll put a link in the
description and come on board let me let
me coach you one to one let me help you
build or grow or exit one of these uh
companies it's not free it's uh quite
expensive because number one I don't
need to do it so I don't really care I
mean the money is not the goal so I
don't care at all whether people come on
board or not but for the ones that do I
love it and I'm going to help you I'm
going to help you do some awesome stuff
and make a lot of money that's for sure
so if you do if you're one of these
people that's realized through this
video that you don't know what you don't
know and you understand that you're
missing out on a lot of money by not
doing this I'd love to work with you I'd
love to help you come on board and let's
make it happen so I hope that you
enjoyed this video guys bit of a long
one
uh I've really gone deep there and I've
shared it all I've shared the whole
journey I hope this inspires you and
I'll see you back here soon
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