1/ Here's what's happening in the online education market broadly, and cohort-based courses specifically:
We're leaving the early stage of solo creators managing everything from audience growth to marketing/sales to creating the content to teaching all by themselves
2/ There are far too many roles to play and hats to wear for one person to do it all themselves. Especially as competition heats up and online courses become full-fledged businesses
We're going to see the roles specializing more and more, to be fulfilled by different people
3/ The first roles to split are 1) Course Instructor and 2) Course Marketer
These are the two most important roles, and also the two that are hardest to fit into one person. It's exceedingly difficult to handle both the creation and sales of an educational product
She created "accountability groups" around courses created by other people, and sold them as an affiliate. So she made money without having to create her own
5/ This division of labor is powerful because it allows each person to do what they do best: instructors can teach and coach students, marketers can build sales funnels and grow email lists
Both will benefit, it's just the models of how they collaborate that need working out
6/ So far the main model has been affiliate commission, but those are too arms'-length and transactional. The real value comes from very close, long-term alliances where the marketer becomes an integral part of the business
7/ Formal partnerships are too far on the other side of the spectrum. We need something in between, like a course marketer that partners with 3-4 CBCs and runs launches for them back to back, learning what works as rapidly as possible
8/ This is in stark contrast to course instructors, who likely only run 2-3 cohorts per year and can never give marketing their full attention. This limits how much they can invest in marketing since it's only one small part of their business
9/ Other examples of how the roles of online course delivery are splitting & specializing
@beondeck is betting that course content and instructors are a commodity in the long term, and is going all in on the parts they can control: user acquisition, community, & cohort delivery
10/ @ljin18's course Building for the Creator Economy notably is for anyone *servicing* the Creator Economy, not just people who want to be creators themselves
11/ This is smart because the "pickaxes and shovels" businesses that serve the creator economy will ultimately be much bigger than the creator economy itself
@convertkit is creator-centric, but can grow far larger than the niche of solo creators. That is just their home base
12/ There is an entire class of marketers that is arising specifically to serve premium-branded educational products
It's a challenge because they have to unlearn a lot of the scammy, hypey, and even unethical marketing practices used by previous generations of online products
13/ Selling transformational educational programs requires a completely different approach, such as the methods being pioneered by @BillyBroas: Bridge of Transformation, 5 Lightbulbs, Chain of Beliefs, Trusted Advisor, Parable-Based marketing, etc.
14/ I'd go so far as to say that the next big trend in marketing after "content marketing" is going to be "educational marketing." The clear next step after giving ppl valuable content, is to teach and coach and provide guidance on how to USE that content
15/ This emerging style of educational marketing is so powerful, that companies will shift the entire business toward education to be able to take advantage of it. The same way that every company became a media company, next they will all become education companies
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1/ There’s a little story from my childhood that explains a lot about my approach to creativity, strategy, and competition
Around 3rd or 4th grade, I was part of the chess club at my elementary school. I was so serious I once peed my pants in a game rather than use up clock time
2/ I was good, but not great. I didn’t have the raw mental horsepower to see more than 2-3 moves ahead
Then one day I discovered a trick: if I captured my opponent’s pieces in quick succession, even if they captured mine in return, they’d get flustered
3/ They were playing to not lose pieces. So my strategy became to trade as many pieces as fast as possible. I’d especially go after their highest value pieces or any piece they relied on the most
It drove them nuts because it felt like losing even though I was losing pieces too
Jason's initial email clearly laid out why he wanted to interview me, what it had to do with their business and show, time commitment, previous guests, audience size and demographics, avg downloads, category and ranking of the show
3/ #2 – Flexibility
My first response was that I was on paternity leave, so they followed up a full 3 months later at my request. I actually missed the original time due to a power outage. Jason and team were gracious and accommodating throughout
2/ The word "Capture" comes from the first step of GTD, which described it as "the Capture Habit"
This was a novel idea at the time, that you could pluck bits of information out of your mind and the external world and save it in a place you trust and control
3/ When it comes to open loops (unfinished tasks), it's very important to capture them:
1) from your internal mind (where they cause stress) 2) immediately (before you forget them) 3) thoroughly (because even a single one slipping through the cracks can be catastrophic)
The most nuanced and insightful take I've seen on the algorithm powering TikTok's renowned video recommendations, with lessons for every industry being invaded by machine learning
3/ There and back again: the story of renaming ConvertKit by @nathanbarry
The story of how ConvertKit started rebranding to a new name, only to have to walk it back after criticism. A courageous modern parable on the importance of cultural sensitivity
1/ Here's my investment thesis if I was going to invest in cohort-based courses:
TLDR: they are the best means available to monetize the high end of online audiences
2/ Social media and other platforms have made it easier than ever for many kinds of people to have sizable online audiences: influencers, thought leaders, YouTubers, bloggers, musicians, artists, podcasters, etc.
3/ But monetizing those audiences has depended until now on massive scale: ads, subscriptions (usually only $5-10/mo), Patreon, donations, merchandise, etc.
This limits the people who can make a living online to only the biggest, most mainstream online personalities
1/ The true potential of online courses, once you zoom out from the specific technologies, is to allow people who develop new ideas to capture a dramatically higher percentage of the value they create
2/ In the past, creating new ideas wasn't a profitable or even safe activity. You could be burned at the stake, labeled a subversive, or at the very least, rejected as weird or dangerous
3/ Even in modern times, it wasn't profitable. Intellectuals and artists often were penniless in later years, reliant on the generosity of benefactors, charity from the public, or selling their precious possessions as souvenirs