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My First Million

#183 - How Course Businesses Work, How Irish Pubs as a Service is Making Millions & Profiting From Vacant Office Spaces

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 19 May 2021

⏱️ 66 minutes

🧾️ Download transcript

Summary

Shaan (@ShaanVP) and Sam (@TheSamParr) go in on the courses industry. They break down the different types of course business categories, how to build them, and how to grow them. Shaan also talks about a Twitter fight he got into that got him blocked. The guys finish the episode by brainstorming on ideas ranging from "a bar-in-a-box" to selling ice to capitalizing on real estate vacancies. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (5:48) Why Shaan got into a Twitter argument * (18:21) Is On Deck the most over-hyped course company? * (23:35) The guide to course businesses * (45:30) How IPaaS (Irish Pub as a Service) is making millions * (53:32) Making money selling ice? * (58:41) Profiting from vacant office spaces

Transcript

Click on a timestamp to play from that location

0:00.0

That alone is kind of like to your point here where if you're a creator with an audience with credibility,

0:05.8

if you've done something, if you're actually good at a skill,

0:08.6

yeah, you can get to a million dollars a year of profit, not just revenue,

0:13.2

doing it as an individual course creator.

0:15.1

Yes, and the path is quite straightforward.

0:17.6

The tactics are simple, but it's basically...

0:32.4

All right, everyone, what's happening? We have a good episode, but before we get to it,

0:36.0

please do me a favor, click the subscribe button on iTunes and the follow button on Spotify.

0:42.4

Last week, we got a ton more Spotify listens because they're doing something. I think there's

0:48.1

a pop-up right now that shows to people when you listen to the podcast and ask if you want to follow.

0:53.9

Anyway, I want to see if that's working. So go ahead and click follow and Spotify,

0:57.4

and then click subscribe on iTunes. And the reason why is the more you click that, the higher we go

1:03.0

up the rankings, the higher we go up the rankings, the more listens we get, the more listens we get,

1:06.5

the more cool shit that we can do. So do that now. In this episode, we're going to talk about course

1:11.2

businesses. A course business is something that a lot of people are interested in. I think it's

1:16.0

one of the easiest ways to make a million dollars a year, but we're also going to talk about how

1:19.5

companies are making a hundred million dollars a year doing it. So go ahead and give this a listen.

1:22.7

We're going to talk all about the course businesses. It's going to start in just a second and make

1:26.1

sure to click subscribe, click follow, and we'll talk to you soon. We got a lot of cool stuff going

1:31.2

on, but how are you doing? I'm good. I'm just still recovering from your sick burn about my

1:36.1

sweatshirt. They'll see on video. It's not that it's bad. It's just that it would have been a lot

1:44.0

better if you wore it as like a nine year old in 1994. I look like a skateboarder who got his

...

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