This issue is presented by: Podcasting 101 - The Complete Guide to Podcasting Hi There, The race to digitize our knowledge is over. Anything you want to teach and sell is already out there. I'm sorry, but it's true. 😭 Knowledge as a product has been commoditized. (a moment of silence to mourn your dreams of passive income 💸💸💸) To add salt to the wound, you won't solve all your course creation problems by trying to build an email list. Yes a list can help you sell, but build a list can be even harder than building an online course. Here's the thing... when anything (including online courses) gets commoditized, succeeding in the market requires differentiation and value beyond the basic product itself. In a commoditized market, focusing on exceptional experiences, adding complementary services, and fostering a strong brand community can transform how customers perceive your product. These approaches go beyond the product itself, ensuring that your brand maintains its value and appeal even in a competitive landscape. Now let's talk about online courses specifically. The online course industry has experienced explosive growth, especially in the wake of remote work and learning trends. Yet, while the dream of passive income from courses is appealing, making consistent revenue in this market is notoriously difficult. Here’s a look at why so many struggle to profit from online courses and practical ways to turn things around 💩1. Market Saturation
2. Low Barriers to Entry
3. Customer Expectations for Free Content
4. Marketing Overhead and Complexity
5. Course Completion Rates and Reputation
Strategies to Increase Profitability in the Online Course Market 😀While the challenges are significant, there are strategies that course creators can use to overcome these obstacles and increase their chances of success. 1. Niche Down and Find Your Unique Value Proposition
2. Offer Tangible Outcomes and Transformation
3. Create a Tiered Pricing Model
4. Develop a Strong Pre-Launch Strategy
5. Invest in Building a Community
Wrap UpThe online course industry is challenging, but by niching down, focusing on outcomes, offering tiered pricing, building anticipation, and fostering community, you can differentiate yourself and improve profitability. With a strategic approach and commitment to high-quality content, you’ll be better positioned to thrive in this competitive but rewarding space. I especially want to highlight the idea of building community. As a personal brand selling online courses, your audience needs to see you as a leader in your space and wants access to your brilliance. But they don't just want your knowledge, they want you. Figuring out where you show up in the experience is one of the best ways to stand out in a crowded market. 😝Thanks for reading! Do you have any questions you'd like answered? Email me at brandon@brandsonbrands.com and let me know! Talk soon, Brandon Birkmeyer Personal Branding Coach, Bestselling author of Front & Center Leadership |
Brandon is a former Coca-Cola and Apple advertising executive with over 20 years of experience in marketing at Madison Avenue advertising agencies advising top FORTUNE 100 companies on brand strategy. He is now a sought-after consultant, coach, and speaker on the topics of leadership and personal branding. Brandon hosts a top ranking podcast called Brands On Brands and is the author of the bestselling book, Front & Center Leadership, How Leaders Use Personal Branding to Stand Out and How You Can Too.
Hey, what’s up? Brandon here! 📅Today I want to explore an intriguing question: What makes a brand memorable in seconds? In the fast-paced world we live in, capturing attention quickly is crucial. Let’s dive into how you can achieve that efficiently. The Importance of Clarity Before diving deep, if you haven't had the chance yet, check out my book "Front and Center Leadership." It's all about how leaders can use personal branding to stand out. Visit brandsonbrands.com/books for more info. Get...
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