Matt RaglandNewsletter Guy, YouTuber, Proud Dad of 4 and BJJ Purple Belt

What's the fastest way to make $10k/month with courses?

Name: What's the fastest way to make $10k/month with courses?
Uploaded: 2024-07-24T17:19:27+00:00
Duration: 52 s
Channel: Matt Ragland
Description: In this segment, Matt Ragland explains that the quickest path to earning $10,000 per month from online courses is to start with high‑ticket coaching…

24 Jul 2024 · 1 min

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In this segment, Matt Ragland explains that the quickest path to earning $10,000 per month from online courses is to start with high‑ticket coaching programs (e.g., $2,000–$5,000). He advises identifying the common elements of those coaching engagements and repurposing them into a group‑cohort course. By using a top‑down approach—beginning with expensive, individualized coaching and progressively moving to lower‑priced, template‑based courses—creators can more easily hit the $10K target. Ragland highlights that it’s often simpler to secure ten participants at $1,000 each for a cohort model than to attract fifty buyers at $200 each, emphasizing the importance of averaging revenue across product tiers and focusing on the highest‑ticket version initially.

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The fastest way to $10K a month with courses is to offer expensive courses. One way to actually think about this, to connect coaching and courses together, if you're doing a higher ticket, say $2,000 or $3,000 or $5,000 coaching program, what are the common threads with your coaching clients that you could turn into a group coaching program that you turn into kind of like a course? We've talked about this, the top-down approach of start with high-ticket coaching and move further and further down until you're doing courses and you're doing more templates. So when it comes to $10K a month courses, make sure you're averaging everything out. And it's probably going to be helpful at the beginning to think about what's the highest ticket version that I can do, because it's, again, it's probably going to be easier to get 10 people to pay you for a $1,000 group cohort model course than it is to find 50 people who are going to pay you for a $200 course.