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Building Your Own Business University

Building Your Own Business University

Released Wednesday, 3rd July 2024
Good episode? Give it some love!
Building Your Own Business University

Building Your Own Business University

Building Your Own Business University

Building Your Own Business University

Wednesday, 3rd July 2024
Good episode? Give it some love!
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Episode Summary:

In this episode, we guide you through the steps to create a thriving online university from scratch, leveraging community support, essential tools, and effective marketing strategies. Learn how to transform your passion into a successful educational platform and attract 10,000 monthly customers.

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Introduction

  • Date and Event: April 16, 2020 - Marketing Training Call - ATS Business University
  • Instructor: Leading today's session
  • Topic: How to build your own ATS Business University

Building Your University

  • Concepts:
  • Creating a university tailored to your interests and expertise (e.g., Ice Buddy University, Humor Consultants University)
  • Importance of passion in sustaining and growing your university

Steps to Building Your University

1.    Starting Point:

  • Begin from scratch with zero customers and a goal of 10,000 monthly customers
  • Use existing community and networks for initial audience

2.    Research:

  • Investigate necessary platforms and tools for online teaching
  • Identify industry leaders and their strategies
  • Explore additional knowledge in your subject area

3.    Community Engagement:

  • Do not withdraw from your current community
  • Leverage existing relationships to grow initial audience
  • Utilize group economics within your community

4.    Tools and Infrastructure:

  • Use tools like Logoist for creating graphics and logos
  • Platforms like Canva and Hootsuite for content creation and scheduling
  • GIMP for free, open-source image manipulation
  • Crowdfire for social media management

5.    Fundraising:

  • Approach community members, such as church groups, for donations
  • Start with asking for $100 contributions
  • Revisit and re-engage the same donors as needed

6.    Cold Calling:

  • Develop a strong, rehearsed script for cold calling
  • Use it to reach out to potential customers and partners
  • Example script includes sections on engaging the prospect, handling objections, and closing the sale

7.    Leveraging Celebrities:

  • Attach yourself to well-known personalities who need help in areas you can provide expertise
  • Offer value to their audience while gaining credibility and exposure

8.    Content Creation and Offering:

  • Develop free content to establish expertise
  • Offer low-cost, high-value one-time content to build trust
  • Transition to automated monthly subscriptions for ongoing revenue
  • Provide higher-tier subscriptions with direct access to you for more personalized engagement

9.    Maintaining Balance:

  • Ensure you have a sustainable work-life balance
  • Be consistent in updating content and engaging with your audience

Practical Tips

  • Example Tools:
  • Logoist: For creating logos and graphics
  • Canva: For design and social media content
  • GIMP: For advanced image editing
  • Hootsuite: For scheduling social media posts
  • Crowdfire: For managing social media accounts

Community and Personal Branding

  • Building a Community:
  • Foster a sense of belonging and engagement among your audience
  • Provide platforms for interaction and sharing
  • Personal Branding:
  • Develop a strong personal brand that can extend to multiple areas
  • Be authentic and accessible to your audience

Final Notes

  • Continuous Learning:
  • Stay updated with industry trends and tools
  • Be adaptable and open to feedback
  • Implementation:
  • Take immediate action on strategies discussed
  • Continuously improve based on results and feedback



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