verganileonardo
Joined 15 years ago
Joined 15 years ago
If you believe this, the 10% trade-off doesn't matter and is simply a distraction from the real discussion.
Demand is pretty inelastic for a course, especially if the company is paying for it. I believe that charging at lesat $400 is the sweetspot, volume decreases (so does customer requests) and profits skyrocket.
The problem is that most people focus on what they know and spend hours creating the content for the course.
However, most of your success is going to come from building an email list of at least 1k people. And most of the effort should be here BEFORE you start building the course.
I've done that many times and have been profitable since, even after outsourcing most of the work.
And the worst case scenarios happened when my body was tired and wanted to stop, but my brain was high on Red Bull and didn't let me fall sleep.
To avoid burn out, I'm being more disciplined with slowing down at the end of the day and exercises (even walking outside is good enough).
To slowdown, I'm trying to read at least 30 minutes at time. And try to go for a walk 2-3 times a week (not much, but makes a huge difference on my energy and humor).
Also, sleeping well everyday is a priority for me - I'm not willing to exchange sleep for work, reduces my productivity significantly and makes me unhappy.
I used to drink it daily and it destroyed my body. Also, Red Bull is quite expensive!