How I Built a 7-Figure Business in 7 Months

Max Perzon
31 Aug 202408:24

Summary

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

Takeaways

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

Q & A

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

    -The speaker started a new business from scratch.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Outlines

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Mindmap

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Keywords

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Highlights

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Transcripts

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相关标签
Online EducationBusiness GrowthCommunity BuildingDigital CoursesMonetizationScalabilityEntrepreneurshipSuccess StorySchool PlatformRecurring Revenue
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