Education

How To Make Money On Skool (Full Course)

📚 Main Topics

Building Successful Communities
- Importance of community in finding passion and purpose.
- Two main goals: bringing people together around shared interests and turning hobbies into income.
Core Elements of a Community
- Need for traffic to attract members.
- Examples of successful communities and their traffic sources (YouTube, Instagram, Facebook, TikTok, email lists).
Stages of Community Evolution
- Starting free, finding your niche, and evolving to paid memberships.
- Importance of engagement and retention.
Monetization Strategies
- Different business models: free, subscription, premium, tiers, and one-time payments.
- How to determine pricing and value for members.
Reducing Churn
- Understanding churn as a leaky bucket analogy.
- Importance of time and member retention.
- Strategies for reducing churn through member feedback and engagement.
Community Management
- Treating community management like gardening: removing weeds (negative influences) and adding water (new members and engagement).
- Building friendships and connections among members.
- Curating culture and fostering a sense of belonging.

✨ Key Takeaways

Community is EssentialFinding your passion often leads to finding your people, which is crucial for personal fulfillment.
Traffic and ConversionGrowth relies on attracting traffic and converting visitors into members.
Iterative ProcessStart with a free community, learn from member feedback, and gradually introduce paid tiers or services.
Engagement is KeyBuilding relationships and fostering engagement among members leads to a thriving community.
Churn ManagementUnderstanding and addressing churn is vital for long-term success; focus on retention strategies.
Simplicity in OfferingsAvoid overwhelming members with too much content; focus on quality and clarity.

🧠 Lessons

Start SimpleBegin with a clear purpose and gradually evolve your community based on member needs and feedback.
Engage RegularlyShow up daily, interact with members, and create opportunities for them to engage with each other.
Listen to Your MembersRegularly ask for feedback on why members stay or leave to improve the community experience.
Foster a Positive CultureEncourage positive interactions and remove negative influences to maintain a healthy community environment.
Utilize Multiple PlatformsLeverage various social media platforms and traditional methods to drive traffic to your community.

By following these principles, community builders can create engaging, supportive environments that not only fulfill their passions but also generate income.

Transcript excerpt

0:00 We've seen a lot of stuff. There's 50,000 communities, over 15 million users, and more than a billion dollars in earnings so far. We've got a lot of data. We've seen a lot of stuff. And what we basically want to do is take everything we've learned from that, condense it down, and put it into really simple training to show you guys what's working. And instead of us trying to share our opinions like, oh, you should do this thing or that thing, all we're

0:31 going to do is just reveal what is working and who is doing it. And I think you guys can learn a lot from that. Over time, it's become pretty clear the patterns between what works and what doesn't. And we just want to share what's working in this course. Yep. And lots of examples, too, because theory is boring. So why are we here is the first question and it's to build a successful community, right? That's what we're here for. That's what school's about. That's what schoolers is about.

🔒 The full, searchable transcript is available with Pro.

Suggestions