An online course could potentially be a great income stream, but is it the best model for your business and for your clients? When someone wants to create an online course, it tends to be because of three reasons: To make more money by adding an income stream, to provide a cheaper offer than their regular services, or to scale their business.
When talking about an online course in this episode, I’m talking about a digital product. An online course is a pre-recorded curriculum that your customer buys whenever they want, to start and move through whenever they want, at their own pace. It’s a DIY model where the customer is on their own with the content.
In this episode, I talk about the important factors to consider when you’re thinking about creating an online course. Will your clients get results from it? Are you prepared for the marketing investment that comes with an online course, which is essentially a digital product? Have you done everything you can to maximize your business and profits before turning to an online course?
I personally believe online courses are only suitable for a small number of businesses. I’d encourage you to consider creating an online program that you run personally. It’s founded in relationship marketing and is statistically more likely to give your clients the results they’re looking for.
Access the resources mentioned in this episode and a full transcript: View the show notes
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