MBA2403 Courses vs. Communities. Which is Better for You? + Free Ride Friday

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.8 • 2.2K Ratings

🗓️ 15 December 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Online courses have gained popularity because they can be created once and sold repeatedly. It's like front-loading the work and reaping the benefits over time. On the other hand, communities offer a hybrid approach, combining access to content with accountability, guidance, and a sense of belonging. Communities are perfect for recurring memberships, ensuring steady income month after month.

In this episode, Omar outlines the factors you should consider when choosing between courses and communities. He’ll break down the pros and cons of both courses and communities and explore how online courses are easy to sell and maintain, while communities offer a more interactive and recurring membership model.

But which one is best for you?

By the end of this episode, you'll have a clear understanding of which option suits your needs and how to effectively deliver it to your audience. Click play!

Transcript

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0:00.0	Heyo! Welcome to the $100 NBA show! No Fl, just the good stuff with our practical business lessons.
0:15.6	I'm your host, your coach, your teacher Omar is in home.
0:18.8	And today is Free Ride Friday.
0:20.3	On Free Out Fridays, we give away a free ride to the $100 MBA program showing you how to become a better entrepreneur, 100% guaranteed over at 100,000 MBA.net.
0:30.0	To win a free ride, just leave us an Apple podcast rating and review, and you enter our weekly
0:34.6	random draw we call Free Ride Friday.
0:36.9	Listen on Friday to see if you won.
0:38.9	We announce this week's winter a little bit later in the episode.
0:41.7	In today's episode episode you learn all about
0:44.4	courses versus communities. Which one's better for you and your business?
0:49.2	Online courses are one of the easiest things to sell, and to maintain because you create it once
0:54.7	and you sell it over and over again.
0:57.5	You kind of pre-load or you front-load all the work and then you offer it to your audience.
1:03.2	Communities on their hand are a little bit like hybrid courses and coaching.
1:07.8	They have access to content but they have access to accountability, tips, guidance, and this
1:12.0	type of business model communities is perfect for reoccurring
1:15.2	memberships.
1:16.2	That means you sell and they buy month after month, year after year.
1:20.1	And it's not a one-time purchase like an online course.
1:23.0	So which one is better? Which one to choose?
1:25.5	Well, it all depends on your goals.
1:27.5	I'm going to outline it in today's lesson.
	...

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