Bonus #17
Ellen YinApr 28, 2023 at 4:45 pm11min
Ellen Yin
00:05Hey, it's your host, Ellen Yin. Welcome back to another bonus episode of cubicle to CEO, the podcast where we ask successful entrepreneurs, the business questions you can't google to accompany my quarter 120 23 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.
Ellen Yin
00:48But first, back to this story, here's the truth, your first iteration of your course will not be at 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, etc. 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 will get paid to create the beta version of your course.
Ellen Yin
01:48So 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 in 2021. That one product alone made $284,000. And finally in 2022, it made another $200,000. Plus, before we retired it last summer to focus on building our media business. Even so even after we retired it last summer and completely stopped selling it in early August, we've still been paid more than $5,000 in the first quarter of 2023 in residual payment plans that are finishing up this year.
Ellen Yin
02:57So just think about this for a moment. If I had let perfection hold me back from even starting with this online course that imperfect version that I live taught over zoom to 12 Beta students without any fancy tech, anything created upfront, I would have missed out on more than $676,000 so far in my business from this one program alone. So the best part is right. Once you learn the pay to create method, it actually becomes a lifelong skill that you add to your toolkit. And you can utilize it to create cash flowing assets, aka digital products on demand whenever you want. And the question I want to pose to you today is that skill and the insane ROI it produces for your business, worth $55 to you to learn it. If you're vigorously nodding your head, yes, which I hope is the case. I have great news for you.
Ellen Yin
03:57We are finally due to high demand bringing back pay to create live. It's been six months since our last live challenge. And we're so excited to open the doors again for our ninth cohort that is so crazy to say it's been such a wild journey these last two years bringing this live challenge to you. And this is your chance to join more than 1000 paid to create alumni who have successfully gone from idea sometimes even a rough idea to pre selling their first online course in just three days. The May 2023 Challenge will kick off at 11am pacific time on Monday, May 22 and it will run for three days straight. So we'll meet at the same time each day from 11am to 1pm. Pacific time and you can use the time zone converter. If you're not sure what that looks like for where you're located.
Ellen Yin
04:50Replays are available immediately after each live session inside our pop up Facebook community and they'll stay up for a full week. So if you'd love to create your first online course with us, but you're unable to join us live. That's okay. There also is an option to keep lifetime access to all the recordings if you upgrade to VIP. So either way, you get the recordings for a full week, so you have lots of time to catch up on your own schedule. But if you're someone who likes to refer back to the content later on, then upgrading to VIP may be a better option for you. So is this for you? The answer is yes, if you're an aspiring course creator, or someone who has unsuccessfully created courses in the past, and you want to try a better way that compensates you from day one, right? If that is you join our challenge today at Ellen yin.com/paidtocreate Of course, we'll also drop that link in the show notes for you can easily click and go to enrollment is only open for a few weeks.
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