Step by step how i made $16.4M so you can just copy me

William Brown
7 Jan 202435:35

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

  • πŸ˜€ The speaker, William Brown, built an online education company from scratch and sold it for $16.4 million.
  • πŸ“š 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.
  • πŸ’‘ The initial success was accidental, but he capitalized on it by turning the document into a more comprehensive PDF and later a video course.
  • πŸ“ˆ Brown scaled his business by incrementally raising the price of his offerings and enhancing the content to match the value.
  • πŸŽ“ In 2019, he introduced tiered pricing for his courses, which helped him make around Β£240,000 that year.
  • 🌐 He leveraged social media and YouTube to grow his audience and convert followers into customers.
  • πŸ“Š Brown emphasizes the importance of investing in mentorship and education to overcome knowledge gaps and grow the business.
  • πŸ’° He experienced significant growth after learning to run YouTube ads and implementing sales funnels.
  • πŸ† Brown won a $10 million award from ClickFunnels, validating his success in the online education space.
  • πŸ”„ He transitioned from automated webinars to a sales call funnel, which increased profitability despite a decrease in revenue.
  • πŸ“š 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

00:00

πŸ“š 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.

05:01

πŸš€ 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.

10:01

πŸ“ˆ 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.

15:02

🌐 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.

20:03

πŸ›« 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.

25:04

πŸ’Ό 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.

30:07

πŸ“ˆ 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.

35:08

πŸ† 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.

πŸ“˜ 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.

🎯 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

πŸ’‘Online Education Company

An online education company is a business that provides learning materials, courses, or training through the internet. In the video, the speaker details his journey of building such a company from scratch, emphasizing its growth to a multi-million dollar enterprise. The company's success is attributed to the sale of educational materials and services, ultimately leading to its sale to a private equity firm.

πŸ’‘E-Learning

E-Learning refers to the delivery of education through electronic media, often via the internet. The video's theme revolves around the growth of an e-learning business, where the speaker shares his experiences in creating and selling online courses, which is a key part of his company's offerings.

πŸ’‘Product Market Fit

Product market fit is the point at which a product satisfies a market need and attracts and retains a stable customer base. In the script, the speaker describes how he accidentally found product market fit by receiving feedback from early customers and iteratively improving his educational materials until they resonated with a larger audience.

πŸ’‘Profit Margin

Profit margin is a measure of profitability calculated as a percentage of revenue that represents how much profit a company makes for every pound of revenue generated. The video highlights the speaker's company having an 'insane' profit margin of 85%, indicating the high profitability of their operations without significant advertising costs.

πŸ’‘Private Equity Firm

A private equity firm is an investment firm that typically invests in private companies or buys out divisions of public companies, aiming to improve their financial performance and then sell them for a profit. The speaker mentions selling his online education company to such a firm, which signifies a successful exit strategy for his business venture.

πŸ’‘Sales Funnel

A sales funnel is a marketing term that describes the process a customer goes through from the initial awareness of a product or service to the point of purchase. The speaker discusses learning how to build and optimize sales funnels, which played a crucial role in scaling his business and increasing sales.

πŸ’‘YouTube Ads

YouTube ads are a form of advertising where marketers pay to have their content displayed on YouTube. The speaker mentions using YouTube ads to grow his business, spending a small amount to generate significant returns, which demonstrates the power of online advertising in driving sales.

πŸ’‘Webinar

A webinar is an online seminar or lecture that is transmitted over the internet. The speaker describes using webinars as a method to sell his educational products, which helped him scale his business and increase revenue significantly.

πŸ’‘Mastermind

In the context of the video, a mastermind refers to a group of individuals who collaborate regularly to share knowledge and solve problems. The speaker mentions joining several masterminds, which provided him with the knowledge and connections necessary to grow his business.

πŸ’‘Exit Strategy

An exit strategy in business is a plan for the owners of a company to sell their stake in the company or to cease operations. The speaker's ultimate goal was to build a company so successful that it could be sold, which he achieved by selling to a private equity firm, representing a successful exit strategy.

πŸ’‘Business Coaching

Business coaching involves working with a professional who provides guidance and advice to help entrepreneurs and business owners achieve their goals. After selling his company, the speaker transitions into business coaching, helping others build, grow, or exit their online education businesses.

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

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hey guys it's will and in this video I

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want to tell you step by step how I made

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16.4 million through my online education

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company uh so that you can copy me and

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do the same or or at least very similar

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to to what I've done I'm sure that

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you're not going to do exactly the same

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because that would that would probably

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be pretty

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impossible but I'm just going to share

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the story with you I'm going to share

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exactly how it happened step by step

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so that you can hopefully uh grab a grab

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a pen grab a piece of paper make notes

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as I tell you this story and then

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hopefully if you are somewhere on the

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journey I bet this well I hope that

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there's something in here that you can

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pinpoint for yourself and help you

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either course correct if you need to or

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um just just learn something that's

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going to help you get further and and

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get to the next level okay so maybe a

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bit of a long video I'm going to go

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pretty in depth I'm really going to tell

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you everything in this video so let's

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get into

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it so to begin with for those of you who

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maybe don't know who I am my name is

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William Brown again it's the name of the

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channel I laughed about that in in my

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last video and over the last uh six

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seven years I built an online education

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company grew it from not well zero I

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mean technically zero when I started it

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I started it from my parents spare room

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back in uh the north of England and I

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honestly had about 7 or 8K to to my

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name and I started it from just an

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idea and it actually started by accident

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and I'll tell you how in in just a

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second this was all a pretty much a well

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not all a complete accident but it

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started by pretty much accident and

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since then I've made $16.4 million that

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was the total that I

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made when I sold that e-learning company

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to a private Equity Firm and that deal

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closed about 10 weeks ago now in fact I

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made a video that's here on the channel

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literally about 2 hours after I got the

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wire from the private Equity Firm of the

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funds so you can go and watch that maybe

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now or or after this one that's a very

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raw and real video that is a very raw

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and real video for sure uh so yeah so I

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I recently sold the company to a PE firm

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and when I sold it i' made 16.4 million

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they've made a little bit more now since

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they took it

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over I've also won this uh award this 10

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million award from from

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clickfunnels uh and by the way they

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don't just hand those out anybody can

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apply for them but when you do apply you

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get audited you've got to send your

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PayPal your stripe your bank statements

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company history blah blah blah so

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they don't just kind of hand those out

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you you have to actually prove that you

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have made 10 million in cash to to get

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one of those things but I've won that as

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well which is quite cool and along the

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way I moved to Dubai about two and a

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half years ago to optimize for number

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one the weather and number two the tax

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side of things so it's been a wild ride

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over the last uh six seven years but

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anyway let's get into it how exactly did

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all of this bloody happen

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right so if we rewind back to the end of

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2017 the start of 2018 or or

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thereabouts I started trading financial

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markets now I was a professional well I

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was I was a professional musician at the

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time I was DJing all over the world

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making uh music full-time getting paid

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on average 2K a month sometimes 3 4 five

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if I did a if I did a tour sometimes

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zero if I didn't DJ for a month zero so

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average 2 3K a month as a as a

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musician I was uh about 25 years old and

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I started trading financial markets to

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make extra money and I thought to myself

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if I can trade and I can do music then I

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can probably make enough to like you

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know save up for a nice car and save up

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for a nice house and start to build a

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relatively normal life

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so I started trading on the

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side and did did pretty well there was a

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lot of beginners looking that uh I think

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I've made a video in the past or I've

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I've if you go and watch one of the

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podcasts that I've done I've told that

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story about the whole trading side of

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things so I won't go into that here

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let's keep it focused on the online

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education business for this video but I

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started trading uh after about a year or

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so uh one of my I had a Twitter account

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so this this is really actually pivotal

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to the story so step one I started uh

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trading step two after about 9 months 10

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months or so I started a Twitter account

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to share my trades talk to other Traders

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build up a little online friend group of

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Traders and that was more just for fun

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to keep me occupied through the

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day and just give me something to to

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keep me busy talk to others share ideas

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see what other people are doing blah

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blah blah so it wasn't a marketing tool

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at

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all now

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after about a year and a half of trading

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and with the Twitter I maybe had 300

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followers and the Twitter still exists

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to this day by the way so you can go and

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scroll right back to 2018 I think or

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thereabouts and see the tweets so so

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it's still there the proof is there

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which is quite cool but anyway and one

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day uh one of my followers who was was

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kind of a buddy of mine an online buddy

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reached out and he said uh could you

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help me with my trading and we we live

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close to each other basically he he was

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in the north I was in the north and he

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said is there any way that I could come

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to your house for a couple of hours sit

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with you whilst you trade watch you and

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learn from you so I said yes he came

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over he paypaled

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me50 I've probably still got that

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transaction to this day

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actually and over he comes and he spends

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two hours with me and he made notes he

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made like a onepage Word

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document of of of notes you know we

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these markets blah blah blah this is

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what we do this is how we do it these

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are the timings all of that stuff

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right and then he took that away with

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him and it just occurred to

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me if he would pay me for for a little

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bit of help maybe other followers would

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pay me for some kind of

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help so I took it upon myself I Got That

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Word document back from him and I

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messaged a few of the followers that I

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was I was already chatting with and I

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basically offered them the word document

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and I said look you know with Sam bought

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it for 50 last week he came to my house

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if you would like it I know that you

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said you were struggling with this well

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this might help you and it's it's Β£50 if

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you want to buy it and if few of them

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bought it right so I'd made maybe

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Β£200

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Β£250

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but that was it was an amazing feeling

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man I can't I can't describe there's no

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feeling quite like because it felt like

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free

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money because they would just send me 50

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I would send them this word

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document and then they would you

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know be happy and and it would it would

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actually helped them so that was kind of

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The Accidental first stage of my

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e-learning company right now what

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happened next was those guys started to

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give me feedback so you know one of them

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would say oh is there any chance that we

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can put some images in to show us

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instead of just the text so I did that

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and then some of them said oh I've got

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this question that question this

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question could you put a little Q&A bit

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in so I did

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that uh and they basically accident ly

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helped me find product Market fit in a

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weird way because they just G they gave

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me Product feedback and then I made the

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product better and they gave me Product

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feedback then I made the product

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better and then after a few weeks and

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after their feedback I thought I wonder

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if I could charge a little bit more for

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this like

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90 and I did I sold a couple more at90

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PS then I thought well maybe I could

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charge 150 and make it into a bit more

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of like a

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a a thing so I made it into almost like

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a like a PDF you know six or seven or

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eight

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pages of a PDF document with proper

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titles and images and stuff like that

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and I started charging 150 and then2 200

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and then Β£250 and I kept making it

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longer better more detailed as I raised

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the price and it worked and by the end

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of that year which was 2018 because I've

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still got

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uh the financial tracker that I used to

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keep I made about I think it was

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22,000 like20 odd pound so call it

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22k and this was from like May 2018 to

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the end of 2018 I made about

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222,000 from selling this as I Rose the

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price made it better and it turned from

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the word document to the PDF then it

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turned into a Dropbox folder of videos

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with the

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PDF and then going into 2019 I had like

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a bronze tier and a gold tier no I had a

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bronze a silver a gold and a platinum

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tier to the to the thing and it was

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like2 200 for the bronze for like just

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the

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PDF 400 or something like that for the

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silver for like the PDF and the videos

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gold was like that plus coaching and

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platinum was that plus like six months

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of coaching and oneto one and blah blah

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blah just like as much as I could offer

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the customer and that was like

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995 and in

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2019 as I built out those tiers I also

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started a website a proper website and

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again the website is still there to this

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day and I also started a YouTube channel

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which is still there to this day because

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I thought to myself this is

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working selling these files through

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Twitter is working but my Twitter's tiny

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I had like 300 400 subscribers uh

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followers sorry so I thought how can I

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get more

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followers and it just occurred to me

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well if I start a YouTube I can have fun

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making videos and putting them on there

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I can send all of the traffic to Twitter

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and then I can use Twitter as the

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conversion mechanism to speak to them

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and sell them on the product basically

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and that's what I did so in 2019 I

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started the YouTube and again it still

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exists you can go to it you can scroll

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right back and see my first ever video

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they ain't great they ain't great um but

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nonetheless that grew the Twitter as the

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Twitter grew I made more sales and as I

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made more sales I made the product

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better and as I made the product better

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I raised the price so can you see

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how that how it worked and then in 2019

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I made I think it was about

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240k or there abouts 2 230 240 it was

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about a quarter of a million in 2019 and

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then I knew I was on to something you

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know well M that was like that was the

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year that was probably probably the most

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defining year of my

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life but yeah that year changed the game

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so when that year ended it was just me I

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think I had one team member I'd hired

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one of my best customers uh Paul who

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still works in that company too this day

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by the way which is pretty cool so Paul

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if you watch this video you're you're

play12:46

absolutely awesome thank you so much for

play12:47

the years of help and hard work and

play12:49

support and love so super appreciate you

play12:53

buddy so I think Paul was my first ever

play12:55

hire came in to help with support I

play12:58

think i' h HED a coach by then I'd hired

play13:00

one of my best coaching clients this guy

play13:03

Tom Tom still works in the company to

play13:05

this to this day as well all EAS is

play13:07

on same to you Tom if you watch this

play13:10

buddy big love big respect big

play13:12

appreciation

play13:14

man so I think I had about two team

play13:16

members Paul and Tom Tom was doing some

play13:19

of the coaching calls Paul was helping

play13:21

with the email support side of things

play13:23

and we just done about a quarter of a

play13:25

million uh pounds and it was all

play13:29

profit aside from a little bit of

play13:31

expense for for the team members it was

play13:34

all profit because we were not running

play13:37

ads we had a very very very small lean

play13:40

team we had a few software expenses you

play13:43

know like

play13:44

um uh I think I had someone editing my

play13:46

YouTube videos we had an email software

play13:49

web hosting but you're talking not a lot

play13:53

not a lot so it was the the the profit

play13:55

margin was like 85%

play13:59

really was it was insane man I made so

play14:01

much money that year that was by far the

play14:05

most money I'd ever made in a year

play14:07

personally which feeds into something

play14:09

else that I'll cover in a minute which

play14:10

is moving to Dubai because I got a scary

play14:12

tax bill a scary tax bill off off off

play14:17

2019 but

play14:19

anyway so end of 2019 things are going

play14:22

really well and I I stopped doing music

play14:24

in 2019 because I wasn't enjoying it I

play14:27

didn't enjoy the travel uh it was so

play14:30

sporadic I you know I could have tried

play14:32

to to keep going but I just thought let

play14:35

me go all in on this this is working so

play14:37

well I'm making so much money it's fun

play14:39

it's easy you know I'm loving it so let

play14:43

me just stop doing music for now and I

play14:45

stopped and then I never djed again I

play14:46

never made music again and that was the

play14:48

end of the music uh side of things now

play14:53

one really pivotal thing happened

play14:57

December 2019 was one of my last ever DJ

play15:02

shows I was DJing a a club in London

play15:05

called

play15:07

Fabric and I was I was in the

play15:10

hotel before the show and I saw a

play15:12

YouTube ad from a guy called Alex

play15:15

Becca and basically what he was saying

play15:18

is he had a program that would teach you

play15:23

to run YouTube ads and if you're already

play15:25

selling online education this would

play15:28

massively grow your company so it came

play15:30

at the I mean good God like if there is

play15:34

a God if God is real then he gave me

play15:36

that advert that night because that

play15:38

changed my [Β __Β ] life that advert

play15:41

changed my life man so I saw the ad

play15:44

clicked it booked in a call took the

play15:47

call a few days later and bought Alex's

play15:50

uh iron programs about

play15:53

$8,000 and I learned to run YouTube ads

play15:56

I learned how to build sales funnels

play15:59

uh I learned how to write sales scripts

play16:01

and all this really crucial stuff that

play16:04

stupidly I just didn't know I just

play16:06

didn't know I didn't know what a sales

play16:08

funnel was

play16:09

man I didn't know what I was doing cold

play16:12

Outreach I didn't even know what cold

play16:14

Outreach was I honestly didn't know I

play16:17

just use common sense I just thought if

play16:19

I speak to people and they have a

play16:21

problem I can solve maybe they'll buy

play16:22

from me and they did I just used Common

play16:25

Sense this whole time until then and

play16:26

then then I learned all this stuff but

play16:29

anyway so I bought that and I quickly

play16:33

made a webinar funnel an automated

play16:36

webinar funnel and I made YouTube ads I

play16:38

turned them on January 2020 and I

play16:41

swear to the Lord above we were doing

play16:45

like 15x cash so I would spend like you

play16:51

know I'd spend like

play16:54

Β£500 and we'd make thousands honestly

play16:57

like I would spend spend let's say

play17:00

Β£1,000 and I'd make like 15 grand back

play17:04

from Those ads it was insane man so

play17:08

anyway and I'm I'm actually I'm writing

play17:10

a book at the moment and I put a

play17:12

screenshot from the ad tracker in the

play17:14

book so if any of you buy that book when

play17:16

it comes out in a few months I run you

play17:18

through all these early numbers and I

play17:20

show you screenshots from the 2020 ad

play17:23

tracker so you can see my you can

play17:25

literally see exactly what I spent on

play17:27

ads what the ROI was was all of this

play17:29

stuff so I've put that in the book which

play17:31

is quite cool so I'm excited to share

play17:32

that with you guys when that comes out

play17:34

in a few months and that book is just

play17:36

going to show you exactly everything

play17:38

that I've ever learned so that you can

play17:40

build one of these businesses and make

play17:42

this money for yourself but anyway back

play17:44

on

play17:45

track when I turned Those ads on it was

play17:48

like printing money it was like owning a

play17:51

money printer it was it was actually

play17:53

scary like I just thought how on Earth

play17:56

is this possible but anyway so I slowly

play17:59

scaled Those ads and you know I'd spend

play18:02

like 500 month one then I'd spend two

play18:05

grand month two then I spent like five

play18:07

grand month three 10 grand 25 Grand and

play18:12

I just kept spending bit more bit more

play18:13

bit more bit

play18:15

more and then by in in that year 2020 we

play18:18

did 1.3 million in

play18:21

sales so we more than Forex the company

play18:25

it's just insane it's just insane

play18:28

but yeah so that was an amazing year and

play18:32

again the team was so lean I mean I

play18:35

think I hired another coach that year

play18:37

but it was still it was me Paul Tom I

play18:40

think azri came on board that year who

play18:42

was our second

play18:44

coach and when I got the tax bill from

play18:48

2019 it was in

play18:51

2020 and that was a scary tax bill and I

play18:55

just joined towards the end of 2020 I

play18:57

joined this guy Sam oven's

play18:59

Mastermind I remember it clearly it was

play19:02

$36,000 for the year and I met someone

play19:05

in that Mastermind my buddy James who

play19:08

just moved to Dubai from England to

play19:10

optimize for tax and I posted in The

play19:13

Mastermind and I said you know hey guys

play19:15

I've just got this massive tax bill uh

play19:18

have any of you learned any ways to get

play19:21

this down James commented on the post

play19:24

and he said yeah I've just moved to

play19:25

Dubai from

play19:27

Newcastle

play19:28

and then he explained that it was pretty

play19:30

easy it was not very expensive it's like

play19:33

15 grand to to fully move everything

play19:35

over here and that's what I did so I

play19:38

started that process carried on scaling

play19:41

the

play19:42

webinar and in 2021 we were doing about

play19:45

300K a

play19:47

month I'm I'm almost certain that's

play19:50

correct because I remember when when I

play19:51

moved to

play19:52

Dubai it it was at least a quarter of a

play19:55

million a month at least a quarter of a

play19:57

million between two 250 and 350 a month

play19:59

we were doing with the webinar but we

play20:02

scaled so far that profitability was

play20:05

coming down and down and down and down

play20:07

and down and when I moved to Dubai we

play20:09

were

play20:11

doing about

play20:13

1.8x so if we spent 100,000 on ads we'd

play20:17

make 1.8 back we' make like 180k back so

play20:22

80

play20:23

profit so we were doing about 1.8 on ads

play20:27

and this was a ail May when I just moved

play20:29

to Dubai

play20:32

2021 and I just learned I knew about

play20:36

sales call funnels already because I

play20:38

learned that in Alex Becker's program

play20:40

but I just thought I don't need this I

play20:42

don't want to build a sales team but at

play20:44

that stage I Revisited sales call

play20:47

funnels and I also found out about this

play20:49

guy called Cole

play20:51

Gordon who was a is a big sales guy he

play20:54

just spoke at my Mastermind uh a few

play20:56

months ago awesome guy doing immensely

play20:59

well multiple Millions a month across

play21:02

his his handful of businesses and I

play21:05

bought Cole Gordon's Mastermind as well

play21:07

I think that was like $64,000 for the

play21:10

year and we moved from a webinar to a

play21:14

sales call funnel with a you know a

play21:16

value video and a so on and so forth and

play21:20

that was May June

play21:23

2021 and that was that's what got us to

play21:26

the to the next level

play21:28

because when we made that move we came

play21:31

right back down in Revenue so we went

play21:33

back to like 60k a month 70k a month so

play21:36

a big step down but we were hyper

play21:39

profitable again again we were doing

play21:41

like four 5x again so we went down but

play21:45

the profit went massively up right so

play21:48

there was a bit of there was a

play21:50

rebalancing phase for for for a few

play21:51

months but anyway so I took all the

play21:54

sales calls myself I was doing like 10

play21:56

calls a day six days a week it was

play21:58

actually it was actually a great time I

play22:01

look back on that time with with good

play22:03

memories it was hard but good memories I

play22:05

just moved to Dubai was feeling awesome

play22:09

was feeling focused it was just I was

play22:10

just on my own no girlfriend just a few

play22:14

friends all doing the same thing it was

play22:16

a good time it's a really good time and

play22:18

then across that year I hired two or

play22:22

three sales reps so I did calls myself

play22:24

for about two three months then I

play22:26

brought on a rep and then two three

play22:28

months later we brought on another rep

play22:31

and we just did the same as the webinar

play22:33

we just slowly scaled up over the months

play22:38

and one thing that I regret

play22:40

actually was not scaling faster we we

play22:43

should have scaled faster and if if

play22:45

you're one of my coaching clients um if

play22:48

you're one of the people I coach one

play22:50

toone to build your education business

play22:52

or grow your education business you've

play22:54

probably heard me say this if you've got

play22:57

an Edge and if you're very profitable on

play23:00

ads just scale don't be stupid don't go

play23:03

from spending a th000 to 10,000 but

play23:06

scale fast and capitalize on the edge

play23:10

whilst you've got it that's one thing

play23:12

that I wish I did because I could have

play23:13

made more money but I made a lot so I'm

play23:15

I'm not

play23:17

unhappy so we made the transition to a

play23:19

sales C funnel that year

play23:22

2021 and over the next few years that's

play23:25

all we really did we just very slowly

play23:27

scared further and further and further

play23:30

hired another rep another rep another

play23:33

rep and just pushed it and then we

play23:35

started working on the back end and then

play23:36

we

play23:37

started uh we worked with a developer to

play23:40

introduce a software that we would sell

play23:43

to customers for $350 a month uh we

play23:46

created like an online

play23:48

Mastermind where people would oh and

play23:51

here's another thing that I've missed

play23:52

actually here's sorry here's another

play23:54

thing that I've missed so how the price

play23:57

has evolved

play23:58

so just to take a step

play24:03

back when I started out I had well

play24:06

nothing first then I had the word

play24:08

document then I had the PDF ebook thing

play24:12

then I had the files in a Dropbox folder

play24:15

then I for some strange reason thought

play24:17

that it was a good idea to do the bronze

play24:20

silver gold Platinum thing which worked

play24:23

well but was a bit

play24:26

complex then I moved to the webinar and

play24:29

it was just one thing one product just

play24:32

the Platinum program the big Platinum

play24:35

program for

play24:37

$2,000 right so

play24:42

$2,000 and we kept it at 2,000 we tested

play24:45

it a bit we tested two and a half that

play24:47

didn't work we tested one and a half

play24:49

wasn't profitable enough 2000 was The

play24:51

Sweet

play24:52

Spot and then when we moved to a sales

play24:54

call funnel we moved it to $35,000

play24:59

and then after three or four months we

play25:00

moved it to I think it was $45,000 or

play25:04

$5,000 and then we held it there for a

play25:06

few months then we moved to like

play25:08

$65,000 and we just slowly price

play25:12

tested and what we actually found and

play25:15

this is really interesting this is a

play25:16

very valuable lesson to to share with

play25:18

you guys when we raised the price we

play25:22

still made the same sales so it didn't

play25:24

impact sales at all which is quite

play25:26

interesting

play25:28

but support tickets went

play25:30

down and client quality went up and what

play25:33

I mean by that is more people would

play25:35

finish the program more people would uh

play25:38

do the hard work and get great results

play25:40

we'd get more good testimonials good

play25:43

reviews and again it was easier to

play25:46

service them because they were almost

play25:47

like a higher quality of

play25:49

buyer which is quite quite interesting

play25:52

but that's definitely one thing that we

play25:53

found so that usually what I've learned

play25:55

is the higher the price the higher

play25:57

quality the buyer they're just a better

play26:00

quality of of of buyer you know they

play26:04

care more they're more invested they

play26:07

want to do the work they're not they're

play26:10

not a refund risk like when you sell

play26:13

very cheap things you get a lot more

play26:16

refunds when you sell expensive things

play26:18

you get barely any refunds because

play26:21

they're just higher quality buyers I

play26:23

don't want to say people because that's

play26:25

quite

play26:26

crude but but it is true it is true the

play26:30

higher the price the higher quality the

play26:32

the buyer so that's definitely one one

play26:35

thing that we found um and we raised the

play26:38

price right up to where it was when I

play26:39

sold the company so when I sold the

play26:41

company it was

play26:42

$85,000 for the program it was a much

play26:46

bigger better program because across the

play26:48

years we'd made it better iterated added

play26:52

in a new section added in a mini course

play26:54

added in more coaching done this done

play26:56

that so we kept making the product

play26:59

better across the years as we raised the

play27:01

price so we didn't just raise the price

play27:03

we didn't just take a two grand program

play27:05

and charge eight in a [Β __Β ] half like

play27:07

you can't do that for God's sakes so

play27:10

that's not what we did I just want to

play27:11

make that very clear it was a [Β __Β ]

play27:13

great program man that program is it is

play27:16

it's you can still buy it today the

play27:17

company's still going to this day you

play27:20

know seven years on which I guess says a

play27:23

lot you know not many companies last for

play27:26

seven years what whatever whatever the

play27:28

industry but there you

play27:31

go so yeah and then that's it we grew it

play27:34

very far we built a big team we scaled

play27:37

to uh the biggest month that we ever had

play27:40

was 8

play27:41

$824,000 which funnily enough was the

play27:44

month that I signed the LOI to instigate

play27:48

the sale of of the company and Loi is

play27:51

basically a a confirmation letter

play27:53

between you and the buyer to say we are

play27:56

going to buy this now let's start the

play27:58

buying process so I signed that back at

play28:01

the uh that biggest month that we'd ever

play28:03

had in May last year and then that was

play28:06

it 6 months later I sold the company to

play28:10

Hi View a US private Equity Firm for

play28:14

multi7 figures which was exactly what I

play28:17

wanted that was one of my dreams to be

play28:19

able to to be able to build a company so

play28:21

good that you can sell it especially for

play28:23

a very high price was one of my dreams

play28:25

so it's really nice to to achieve that

play28:28

and that's basically the story I don't

play28:30

know how long this video has been it's

play28:31

been 20 28

play28:34

minutes and it's been a wild ride but

play28:37

it's just

play28:39

been one probably the biggest thing I've

play28:42

learned is if you don't

play28:45

know what to do if you don't know what

play28:48

you don't know you're going to get stuck

play28:49

and you're going to stay stuck because

play28:50

I've seen this happen a

play28:52

lot one thing that's made me successful

play28:55

is every time I've got a problem or I'm

play28:58

stuck on something I find a mentor or a

play29:00

coach who's done it and I just pay them

play29:04

if they have a program I just buy it if

play29:06

they have a mastermind I join it I've

play29:08

spent way over way over

play29:12

$250,000 now on uh Alex Becka's

play29:15

Mastermind Sam's Mastermind Cole

play29:16

Gordon's Mastermind Dan br's Mastermind

play29:19

Alan Su sultanic is Mastermind on and on

play29:22

all the courses I've bought all the

play29:23

books that I've read which you can

play29:25

actually see on on the shelf behind me I

play29:27

read a lot of books so I've put in the

play29:30

money and it's always the people that

play29:33

think that they can do it themselves

play29:34

that don't make it they never make it

play29:37

because they just stupidly think that

play29:39

they can do it themselves how on Earth

play29:41

if you could do something you would have

play29:44

done

play29:45

it it's like Alex Sosi says if you were

play29:49

capable of making a million a month you

play29:51

would be making a million a month you're

play29:53

not capable if you're watching this

play29:56

video and you want to make let's say 10K

play29:59

a month 50k a month 100K a month and you

play30:01

are

play30:03

not you're not capable or else you would

play30:06

be doing it you'd have it if you were

play30:10

capable of building your dream life

play30:11

alone you'd have your dream life now but

play30:14

you don't because you're not capable and

play30:16

I I've learned that because before Alex

play30:19

Becka's Mastermind I was sat on a 1.3

play30:22

million a year business not making it

play30:25

because I didn't know when I joined col

play30:28

Gordon's Mastermind I was capable of

play30:31

doing 800k in a month but I wasn't

play30:34

because I didn't know

play30:36

how so that's one massive thing that

play30:39

I've learned and still to this day I'm

play30:40

still I'm I'm in I'm in a mastermind

play30:41

right now I've made almost well actually

play30:44

I've made over $20 million selling

play30:46

online education and I'm in a mastermind

play30:49

right now still

play30:50

learning getting better at copyrighting

play30:53

getting better at writing value

play30:55

videos I'm learning about YouTube I'm

play30:57

growing my YouTube channel so

play31:00

even the learning never ends and the

play31:02

only people that aren't going to make it

play31:05

are the ones that don't have the

play31:07

knowledge and are so stupid that they

play31:08

don't just invest in getting the

play31:09

knowledge from someone that's been there

play31:11

and done it you have to be an idiot I

play31:15

understand that some people can't afford

play31:16

it and if you genuinely cannot afford it

play31:19

then you've got to find the money you've

play31:21

got to save the money and if you can't

play31:23

afford it and you don't do it you're

play31:24

simply wasting your own time and just

play31:27

missing out on the money that's all

play31:29

you're doing you're just slowing

play31:31

yourself down and costing yourself money

play31:34

so that is probably the biggest thing

play31:36

the biggest lesson I've learned if I

play31:38

don't know how to do something I just

play31:40

find someone who's done it and I just

play31:42

pay them just just show me how to do it

play31:44

man so I can unlock the money that's

play31:46

waiting to be

play31:48

unlocked so there we go guys that's the

play31:51

Journey of building the online education

play31:55

company scaling it to 16.4 million in

play31:58

total sales selling it to a private

play32:00

Equity

play32:02

Firm

play32:04

and right now a question you guys are

play32:07

probably asking is what are you doing

play32:08

right now so I'm writing a book which is

play32:13

another one of my dreams I've always

play32:14

wanted to do

play32:16

that and the book is everything I've

play32:19

ever learned nothing held back I've

play32:22

given away everything scripts templates

play32:27

just everything is in there that's going

play32:29

to be coming out in April May so I can't

play32:31

wait to share that with you and I'm also

play32:34

just founding a company called uh buildg

play32:38

grow and exit.com

play32:40

and what I'm going to do believe it or

play32:43

not is help people to either build an

play32:46

online education business grow an online

play32:48

education business or exit an online

play32:51

education business so I'm already doing

play32:53

that right now and the reason that came

play32:55

about was because year and a half ago uh

play32:58

one of my now friends was in a

play33:00

mastermind that I used to be in and the

play33:03

owner of The Mastermind was telling a

play33:04

story of My Success and he reached

play33:07

out and he he messaged me on Instagram

play33:10

and he said hey Will Dan was telling

play33:12

this story about you I'm struggling with

play33:14

some stuff that you seem to have solved

play33:16

if I pay you 3,000 a month can I please

play33:19

have one hour with you a week and just

play33:22

help

play33:23

me and I helped that guy his name is

play33:25

Oliver Dena his testimonial is actually

play33:28

on my testimonials Channel William Brown

play33:31

testimonials YouTube channel you can go

play33:33

and watch that after this video and I

play33:36

made him like over a 100 Grand in about

play33:38

six eight

play33:40

weeks so that was the first ever

play33:43

business Consulting that I ever did with

play33:45

anyone

play33:46

ever and then I took on another client

play33:49

and then another and then another and I

play33:52

realized that was my true calling and my

play33:54

true passion was helping people to build

play33:56

these businesses so that's what I do now

play33:58

I've got about 13 14 clients right now

play34:02

and I help

play34:03

them it's a mix of the two I help about

play34:07

half of them I'm helping to build an

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online education business about half of

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them they've got one already and I'm

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helping them to grow

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it and it's just so good so fun so

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fulfilling so enjoyable it's just

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awesome man it's the Dream It's the

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absolute dream so that's what I'm doing

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now uh so I guess if any of you guys do

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need any help with either building one

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of these businesses or if you have one

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growing it or even if you want to exit

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and working with a couple of people to

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help them exit as well which is quite

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exciting I'll put a link in the

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description and come on board let me let

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me coach you one to one let me help you

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build or grow or exit one of these uh

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companies it's not free it's uh quite

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expensive because number one I don't

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need to do it so I don't really care I

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mean the money is not the goal so I

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don't care at all whether people come on

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board or not but for the ones that do I

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love it and I'm going to help you I'm

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going to help you do some awesome stuff

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and make a lot of money that's for sure

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so if you do if you're one of these

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people that's realized through this

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video that you don't know what you don't

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know and you understand that you're

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missing out on a lot of money by not

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doing this I'd love to work with you I'd

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love to help you come on board and let's

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make it happen so I hope that you

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enjoyed this video guys bit of a long

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one

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uh I've really gone deep there and I've

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shared it all I've shared the whole

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journey I hope this inspires you and

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I'll see you back here soon

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Related Tags
Online EducationBusiness GrowthSales FunnelWebinar StrategyEntrepreneurial JourneyProfit MaximizationDigital MarketingSuccess StoryE-LearningPersonal Development