Hey, it's your host, Ellen Yin. Welcome back to another bonus episode of CubeCold

CEO, the podcast where we ask successful entrepreneurs, the business questions you can't Google.

To accompany my quarter one, 2023 income report that dropped on Monday this week, I wanted to share the

story of how I would have missed out on $676,000, yes, and counting if it weren't for this $55

skill. So what's the skill? Understanding how to pre-sell an online course that doesn't exist yet. So you

actually get paid to create it. This is exactly what we teach you in our $55 live course

creation challenge, which I'll share more about in just a moment. But first, back to this story.

Here's the truth. Your first iteration of your course will not be your last. If you've

been waiting for everything to be perfect before you launch your course out in the world,

you will be waiting for the rest of your life because let's be honest, the perfect course doesn't

exist. As you receive data in the form of sales, completion rates, success stories, questions,

feedback, et cetera, your program will naturally evolve and improve.

But you can't make any data-informed decisions if you don't have any data, right?

Which can only be collected from putting your course out there.

This is why I recommend selling a MVP that stands for

minimum viable product to allow you to enroll real paying students before you create any

content for your course. And then by live teaching the course and getting your students feedback

in real time, you'll get paid to

create the beta version of your course. So this is exactly what I did in early 2019, and I got paid

$2,364 to create my first online course with my 12 beta students who each paid me $197. So my time, my energy,

and my knowledge were compensated from the very beginning. Throughout the rest of 2019,

that same program evolved and made an additional $12,835 before year end. Then in 2020, it made an additional $172,000 in my business.

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