Million Dollar Micro Business

Million Dollar Micro Business
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Discover how to launch a profitable online course from scratch  In  Million Dollar Micro Business: How To Turn Your Expertise Into A Digital Online Course , entrepreneur and author Tina Tower delivers a new and smarter way to do business that avoids huge overheads and large capital investments. Fueled by recent innovations in technology and shifts in consumer behavior, the accomplished author shows you a new way to have a big impact with few resources.  You’ll learn how to create a digital course based on expertise you’ve gained through your life, business, academic work, and career. The book is a practical and tangible guide to getting started and offers a proven framework and case studies of people who have scaled courses into seven-figure ventures.  This important book teaches you:  How to turn your passion and expertise into profit, using what you know to create a global, online course Why bigger is not always better, and how less overhead and investment is often a good thing for a scalable business An alternative to the 9-5 hustle and grind of a traditional workplace Real-life case studies from people who have been on this journey before Perfect for entrepreneurs, seasoned professionals, educated experts, and anyone else interested in sharing their knowledge with the world around them,  Million Dollar Micro Business  is an indispensable guide to creating a lucrative online course from scratch.

Оглавление

Tina Tower. Million Dollar Micro Business

Table of Contents

List of Illustrations

Guide

Pages

million dollar micro business. How to turn your expertise into a digital online course

about the author

acknowledgements

introduction

Attempt #1: Shexy

Attempt #2: Jay St

Attempt #3: Nikhedonia Productions

Attempt #4: The Tutoring Institute

Attempt #5: The Happy Life

Attempt #6: Scale Up

01 Start small

02 Personal branding

03 Time management

Overthinking

Finding time

04 Overcome your fear

1. Fill in the table that follows with everything you're afraid of

2. Out of all those fears, what is the absolute worst thing that could happen?

3. How would you recover from the worst-case scenario?

4. What's the potential upside?

Action step

SUCCESS STORY. James Wedmore. Business By Design

05 Get clear on your idea

Brainstorming

Validating your idea

A validation exercise

Purpose of the exercise:

Creating your vision

Values

Personal business goals

06 Set up your new business

Business name

Company name vs personal name

Registering your business name

Your business structure

Setting up your business banking and accounting software

Action steps

Registering your domain name

Action step

Setting up Google Workspace for your emails

Action step

Setting up Dropbox

Action step

Protecting your IP

Action step

Budget

Action steps

Note

07 Map out your signature course

Your course creation road map

Course delivery

All content is made available at the time of purchase

Content is made available on a certain date

Content is drip-fed at intervals

Content is available for a fixed time only

Creating community

Action steps

08 Develop your course content

Future options

Memberships

Coaching and consulting

Content creation

Face to camera

Presentation mode

Screen share

Resources to accompany your content

Action step

Recording your course

Avoiding the trap of perfectionism

Course video lengths

Equipment

Camera phone

Canon EOS M3 digital SLR camera

Tripod

MacBook Pro laptop

Rode lapel mic

Rode Filmmaker

Rode shotgun mic

Boom mic arm

Elgato Key Light

Neewer video lighting kit with softbox diffusers

Rode Podcaster mic

Logitech Brio 4K webcam

Action steps

09 Design your point of difference

Action step

10 Design your brand and what you stand for

Designing your logo

Canva

Fiverr

Creative Market

A graphic designer

Colours and fonts

Curious experimenting

Landing page

Social media

Instagram

Facebook

Creating your Facebook page

Creating a Facebook group

LinkedIn

Twitter

Other social media

Blog posts

Action steps

11 Nail your first offer and program

Back yourself

Your magnetic offer framework

Transformation promise

Course length

Access duration

Course delivery

Inclusions

Course price

The value you're providing

The cost to deliver

Growth strategy and market positioning

What your customer is willing to pay

How much money do you want to make?

Instalments price

Launch bonus

Upsell

Graduate's next step

Your launch offer

Action step

SUCCESS STORY. Kayse Morris. The CEO Teacher

12 Build your digital learning website

What you need on your website

Home page

About page

Blog page

Sales landing page

Welcome page

Contact page

Lead magnet opt-in page

Webinar registration page

Terms & Conditions

Privacy policy

Next-level pages

Podcast page

Speaking page

Getting help to build your webpage

Writing your bio

Optimising for student success

Action step

13 Content marketing

Social media

Instagram

Facebook

Facebook group

Facebook group contributions

Direct messaging

Live streaming

YouTube

Twitter

LinkedIn

Calls to action

Search engine optimisation (SEO)

Socials are optimised for SEO

Use alt text on every image on your website

URL names and page names

Articles with your keywords

Wikipedia listing

Google listing

Third-party media

Podcasting

Live speaking

Keynote speaking

Webinars — your own and other people's

Conferences

Television

Radio

Panels

Host/MC

Featured guest

Sponsor

Awards

Industry awards

Local awards

National and global awards

Accreditation

Lists

Publishing

Articles and blogs on your site

Articles and blogs on others' sites

Magazine columns

Books

Action step

14 Build your list

List building

Freebies

Action step

15 Sell your services from a virtual stage

Running a webinar

Plan your webinar content

Introduction

Set expectations

Set the parameters

Invite participants to take the next step

Share the link to your offer

Answer questions

Communicate consistently

Send confirmation and reminder emails before the webinar to increase attendance rates

Communicate with people during the session

Be honest and transparent

Be prepared

Check Zoom and be early

Check sound quality

Use Zoom webinar

Remember to hit record

Make a waiting list

Action step

SUCCESS STORY. Tracy Harris. Mums With Hustle

16 The comparison trap

Action step

17 Embrace automation and software

Kajabi

Stripe

Google Workspace

Monday.com

Canva

Xero accounting software

StreamYard

Virtual office phone number

Calendly

Adobe Audition

Libsyn

Zoom

Otter

Later

Dropbox

Quaderno

Action step

18 Become a systems nerd

Action step

19 Your micro team

Action steps

20 Outsourcing vs in-house team

Outsourcing do's and don'ts

Communicate clearly

Build rapport

Have your systems built and available

Share passwords via LastPass access

Review and provide clear feedback

The in-house advantage

Action step

21 Ditch the guilt

Action step

SUCCESS STORY. Clint Salter. Dance Studio Owners Association

22 Manage your money: cash flow vs profit

Cash flow is reality

What does it actually cost to run an online education business?

Working with the cash flow pie

Action step

23 Say no to protect your energy

Action step

24 Design life your way

Action step

25 Where to from here?

SUCCESS STORY. Denise Duffield-Thomas. Chillpreneur

resources

index

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Отрывок из книги

tina tower

After Begin Bright was acquired by an International education company in 2016, she started coaching other people on how to scale their service-based businesses. When Tina found herself repeating a lot of the same fundamentals again and again to people who were paying top dollar for private coaching, she decided to put the repetitive content into an online course. It went off!

.....

If you've ever hired a private business coach, you know they don't come cheap. This is because their time is their most valuable finite resource. Also, they're usually very experienced, qualified and successful, and you're paying to tap into that knowledge base. But, as I know from my own early experience, you can't always afford a top coach when you're just starting out. Group coaching is a fabulous way both for you as a coach to scale, and also for clients to gain access that they wouldn't otherwise be able to obtain.

Scale Up was initially based on membership. I ran a masterclass each week and a group Q&A session. Private sessions could be added on request.

.....

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