Joseph Michael discusses the annual revenue performance of his digital education business, Learn Scrivener Fast, with Nathan Latka.
0:00 / 0:08exact quote · 8.2s
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“And so, for instance, this last year, we're coming off a 500,000 year in revenue off of a tiny niche in Scrivener.”
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More from Joseph Michael
AssertionSupported
Learn Scrivener Fast course costs $297, exceeding the software's $45 price
“We have three tiers to my course, the highest being 297, so the course is actually more than the software, which a lot of people kind of jaw drop with, wow, how do you make that work?”
Joseph MichaelFeb 7, 2016▶ 3:53How to Make $500k Teaching Someone Elses Software with Joseph Michael
Insight
Software creators struggle to admit their products have steep learning curves
“My marketing angle is that Scrivener is hard to learn, right? And it's a learning curve and from product creators, they have a hard time admitting that about their own product. And so there's that little bit of disconnect right there.”
Joseph MichaelFeb 7, 2016▶ 14:46How to Make $500k Teaching Someone Elses Software with Joseph Michael
AssertionNot checkable as stated
Learn Scrivener Fast achieved 30% sales conversion on a JV webinar
“We did a webinar together. We had, you know, like, 30% conversion rates on, you know, the sales.”
Joseph MichaelFeb 7, 2016▶ 6:05How to Make $500k Teaching Someone Elses Software with Joseph Michael
PredictionNot checkable as stated
Learn Scrivener Fast targets doubling revenue to $1M in 2016
“Well, we're hoping to double that again. We're hoping to hit a million this year and here's why.”
Joseph MichaelFeb 7, 2016▶ 11:52How to Make $500k Teaching Someone Elses Software with Joseph Michael
Disclosure
Learn Scrivener Fast built a 60,000-subscriber email list via webinars
“The last two years I've built my email list up over to it's just hit over 60,000 people on it that are very targeted, that are full of webinar attendees”
Joseph MichaelFeb 7, 2016▶ 11:58How to Make $500k Teaching Someone Elses Software with Joseph Michael
AssertionNot checkable as stated
Learn Scrivener Fast enrolled over 15,000 students
“Now with over 15,000 students in my course, the sales reflect success.”
Joseph MichaelFeb 7, 2016▶ 13:57How to Make $500k Teaching Someone Elses Software with Joseph Michael
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