In 2020, Building a Second Brain and Write Of Passage had thousands of combined students & $1M+ in revenue.

Not many cohort-based courses are operating at this scale.

Luckily, @fortelabs @david_perell and @will_mannon shared their hard-earned learnings, summarized 🧵👇
On curriculums & live classes:

- "Running a live course is like organizing a music tour, but having to develop the music before every single new show."

- Curriculums aren't set in stone. The advantage of live classes is you can adjust the curriculum to cater to students needs.
- A day or two before every session, they typically spend between seven to nine hours preparing the next lecture.

- How? They have existing building blocks and assets, adjust based on where students are getting confused, and reassembling the blocks into the next lecture.
On the importance of alumni mentors:

- "The person you want to learn from is not the huge 'summit of Mount Everest' expert. You want to learn from someone who’s a couple of steps ahead of you. Who’s a little bit further on the path."
- Mentors teach an hour of live sessions for an hour each week, and take the weight off the lead instructor and provide.

- Students also feel more belonging because they get to choose which mentor they'd like to learn from, based on their unique specialities/personalities.
On organic student connections and groups:

- David and Tiago don't want the gatekeepers on their courses. They want to create a culture that lives far beyond them.

- They encourage students to find mutual interests, form sub-groups, and take on unofficial leadership roles.
- "I think the question for us is, what can we do to touch lightly, but give these groups a little bit of support? Supply Zoom links, supply messaging, broadcasts. But mostly, just let it emerge organically."
Cohort-based courses can be a full-time job. David and Will's schedule:

- Sunday: Planning
- Monday: Teaching
- Tuesday, Wednesday, Thursday: Planning
- Friday: Teaching
- Saturday: Host a working session

Their only break was from Saturday at Noon to Sunday at 6pm.
On creator burnout:

- "We had the best year we’ve ever had, and we never want to do this again."

- There's so much at stake and it ultimately rests on the shoulders of one.
- Creator businesses are tied to the individual creator. If the creator doesn't work, the business stalls.

- Their cohort-based courses take 10 to 13 weeks to put on.

- This highlights the importance of leveraging people, systems, and software.
On scaling cohorts:

- "The first one I ever did was 30 people. That’s completely different from 60, to 100, to 200 people. The dynamic changes from each 50 to 100 people, just like it does in the physical world."
- The last BASB cohort involved 50 people to run it across the core team, contractors, alumni mentors, assistants, & affiliate partners.

- Hundreds of students per cohort forced innovation. E.g. hitting the limits of Zoom's breakout rooms lead them to figure out mentor sessions.
On cohort student caps:

- Running cohorts is not a zero marginal cost game. David is capping WOP at 350 students.

- Why? Online writing requires feedback, editing, help from others, so tight relationships are extremely important.
- With mentors, he believes that's the right size for his type of course.

- However, BASB doesn't require that same type of peer feedback. The last cohort had 1,100 students.
On live session structure:

- Scarcity forces focus. David uses constraints and gives students slightly not enough time.

- They never do the same thing for more than 15 minutes.
- David will deliver a short lecture, then jump to a group discussion, then silent work time, and then they go into breakout rooms.

- "My goal is for people to end the 90-min session and say, 'How was that 90 minutes? How did that go by so fast?' Because they were so focused."
On communities:

- "Communities are so fashionable right now. And when I look at them, they feel sterile."

- The hypothesis is they aren't oriented around a shared goal and struggle. BSB/WOP breed community because they're hard, and students work in sync towards a shared goal.
"So while everyone is trying to make communities that you can opt-in/out of, that are frictionless, I want to make a community that’s fricking hard to be a part of. Where people have to fight. They get to be warriors together, but because of that, friendships are formed."
On "choose your own adventure" success paths for students:

- Students are busy and life will inevitably get in the way. They might miss some sessions or not spend much time in the community.
- "How do we make a clear minimum viable success path?"

- "How can we simultaneously provide options where people can go all in, but also give an option for the shortest line from A to B?"
You can listen to the full 1:44 podcast here:
perell.com/podcast/tiago-…
If you liked this thread and want to learn more about the creator economy:

1. Follow me @ryangum
2. Subscribe to my newsletter: ryangum.com

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More from @ryangum

28 Jan
If you’re building products for creators, you’ll eventually need to generate revenue. VC money or not.

Get familiar with the most common monetization models 🧵👇 Image
🤝 Share of earnings

∙ Aligns incentives between creator & platform.
∙ Harder to monetize creators with low sales.
∙ Creates a graduation problem (successful creators are incentivized to leave).
∙ Platforms negotiate special contracts for top earners to solve this.
Share of earnings examples:

@Patreon
@OnlyFans
@SubstackInc
@BookCameo
Read 8 tweets
26 Jan
"I really want to start a side hustle / become a creator / earn income online... But first I need to learn more about [topic]... Then I need to research the best tools... And I'm really busy right now, so I'll start later when things calm down."

Sound familiar? 🧵👇
There's a good chance this is you. And if so, you've probably been telling yourself this same story on repeat for years.

The only thing you're creating is excuses.
But don't worry, you're not actually that far from your dream. You already have the skills, knowledge, and tools you need to make your first dollar online. You just need to take action.

So if you want to stop dreaming, follow this plan:
Read 11 tweets
25 Jan
With a good pre-sale you can validate audience/idea fit with real money in the bank... Before you even create the product.

The secret to a good pre-sale? Treat it like a Kickstarter.
4 examples in the thread 🧵👇 Image
🎯 Set a goal

How many customers / much revenue will you need to continue working on your product? How long will you give it to hit that target? 1-2 weeks at most. Don’t drag it out.
📄 Create a lean sales page

Don't focus on the design or layout too much. Messaging is what's important. Include:

∙ What the pain point is

∙ Why your product is the solution

∙ What's included. Be specific, e.g. chapter outlines.

∙ Who you are / why you're credible
Read 12 tweets
19 Jan
Each week:

@APompliano publishes 5 podcasts, 5 newsletters to 35k paid subs, 5 YT vids, while running an investment firm. @anthilemoon publishes 2 articles, a newsletter to 25k subs, while running a paid community with 1500 subs.

What separates top creators from the rest? 🧵👇
They're prolific.

Content platform algorithms reward publishing good content frequently over great content sporadically. B-grade content with A-grade consistency beats A-grade content with B-grade consistency.
And the more you create, the faster you learn and grow. Your first article, video, or podcast will suck. Your 100th won't.
Read 11 tweets
18 Jan
∙ Yesterday by The Beatles
∙ Single Ladies by Beyonce
∙ Your Song by Elton John
∙ Skyfall by Adele
∙ Royals by Lorde

What do they have in common? 👇🧵
They were all conceived and written in less than 1 hour.

Is this the result of creative genius that's only accessible to superstars? Unlikely. It's more probable that they were tapping into a level of creativity that only exists when striking while the iron's hot.
The most passionate you'll ever be about an idea is moment the epiphany strikes.
Read 11 tweets
17 Jan
In 2020:

∙ 56 Teachable creators made over $1M.
∙ 10 Patreon creators made over $1M (est).
∙ 10 Substack writers collectively made over $10M.
∙ 8 Gumroad creators made over $1M.
∙ 8 Twitch streamers made over $1M (est).

What's their secret? 🧵👇 Image
At this level, almost no one is doing it alone. They’re supported by YouTube editors & writers, podcast producers, online course coaches, agents that find and negotiate brand sponsorship deals, and assistants.

These are the people behind the growth of many successful creators.
Leverage makes the creator economy unique. Individuals can reach wider audiences more than ever before. But while creators run businesses with atypical leverage, they still have typical business needs.
Read 9 tweets

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