Exactly How I Earned $49,000 in 5 Days with my Online Course Launch

Exactly How I Earned $49,000 in 5 Days with my Online Course Launch

Today, I’m getting a wee bit vulnerable and sharing behind the scenes of my first big course launch with my online course, Pin with Purpose.

I’ll be getting down to the nitty-gritty of how I earned $49,000 in 5 days.

Want the audio version of this post? I got you covered. You can listen here or head to iTunes and subscribe to the She’s Making an Impact Podcast here: http://shesmakinganimpactpodcast.com

It still feels a bit crazy to me to see my launch numbers, because in 2013, I made less than $20,000 the entire YEAR.

Back then, I had a new baby, I couldn’t find a social work job with my masters from the #1 program in the country, so I was cleaning equipment at our local gym for minimum wage.

I said enough is ENOUGH…and threw myself into entrepreneurship.

It’s been one heck of a ride, but I’m so grateful that I had faith in myself and invested in learning the strategies needed to succeed online.

Before I get into the details for this course launch, I wanted to break down the previous two times I launched Pin with Purpose, so you can see how the launches have grown and what was going through my head each time.

First Online Course Launch: September 2017 with a Webinar

I literally just started my new business, She’s Making an Impact, at the end of August 2017. While I had over 100,000 people following me on social media, NONE of them were for business advice (my first business was in the fitness space).

So it was literally like starting from square 1. New blog, new email list, new everything.

I had zero expectations for my first launch, except maybe to get a few people to buy so I could create the course and have some great testimonials.

I pre-sold the course (meaning that the course wasn’t created yet) with a webinar.

I didn’t have an ad budget (new business and I hate debt) so I private messaged anyone I knew was an entrepreneur and invited them to my webinar.

With the pre-sell, I told them that they would get access to me as they learned my Pinterest strategies for 6 weeks, and they would get a discounted rate on the course.

I sold the course for $147 and 7 people bought, earning $1029.

I was insanely happy about that since:

  1. it was a brand new baby business and
  2. I didn’t even have the course yet.

 

It was like I had magically earned money and unlocked a secret code: pre-selling.

 

After I sold the course, I worked my tail off to overdeliver to those first 7 people so they had an amazing experience with me.

Takeaways from my first launch:

1. Get scrappy! Even if you don’t have an ad budget, you know people! Ask if they know people they can invite to your launch (webinar/challenge/etc).

2. Even if you only have ONE person who buys—treat that person like gold! One person can bring you more people!!

2nd Online Course Launch: December 2017 with a 5 Day Challenge

Since the first launch of Pin with Purpose, I had some amazing testimonials from the course and had built up more belief in the course and in myself.

I decided that I wanted this course to be the best Pinterest course on the market, and I really needed to up my game for this next launch.

So I invested in a copywriter and designer to create my sales page and write copy for the challenge (they did the opt-in page, thank you page, sales page, nurture sequence, challenge sequence, and sales sequence).

Total investment for them was $3,200. (they’ve been great to work with btw and are very affordable, considering other copywriters I was speaking with charge $5,000 just for a sales page. If you want their contact info just email clientcare@rachelngom.com and I’ll pass it along to you).

It was a wee bit scary making that big of an investment, but I also was thinking long term and knew that I would be relaunching this course over and over again.

Also, keep in mind that I was making money from other sources, not just my launches. I had private clients, another course that was selling evergreen (on autopilot), I was managing other people’s Pinterest accounts, and my fitness business was still bringing in revenue.

So again, I didn’t go into debt with this investment, but I wasn’t taking much profit from my business either.

For this launch, I was able to get on a few podcasts right before my challenge which helped me get 200 people enrolled in the challenge.

I dabbled a bit in Facebook ads but had NO CLUE what I was doing and didn’t want to waste a ton of money.

With those 200 people, I had 11 people buy at $497, earning $5467.

Conversion rate: 5.5% (11/200 x 100)

(we will talk more about conversion rates below–this is super important)

I was honestly happy with that because typical conversion rates for a challenge are between 1-5%. I didn’t have huge expectations for this launch, I just wanted to make my money back from investing in the copywriter/designer, get more testimonials, and learn from my mistakes (because I was sure to make many lol) so I could have more success moving forward.

3rd Online Course Launch: April 2018 with a 5 Day Challenge

The third time I launched Pin with Purpose, I knew I wanted to step it up and play bigger.

I did the math and figured out what I would make if I hired a Facebook ads strategist and invested more in this challenge.

This was my thought process, so you don’t think I’m insane haha.

Typical cost per lead for a challenge is $3-6. If I spent $10,000 on Facebook ads, I could get about 2,000 people registered for the challenge.

I knew I converted at 5.5% last time, so even if I sucked this time and only converted at 1%, I would still be profitable.

I ended up hiring a Facebook ads strategist (for $2,000/month) and spending $10,000 on ads.

I was offering a 6-week group coaching program for $497 early bird, then $597, and VIP for $997, then $1197.

We ended up getting about 1,800 people in the challenge, at $6/lead.

Again, for this launch, I did a 5-day challenge (I love challenges and how close I feel with my community–def my fave way to launch).

I invested a ton of time and effort into this challenge, even though I had a team supporting me (we have added an executive assistant and social media manager since the last launch).

Every day of the challenge, I engaged as much as humanly possible. I tried to send personal messages to people as they joined (Facebook didn’t like that and blocked me for a bit haha).

I over-delivered on content, and ended up spending about an hour per day on live answering questions and helping the participants.

I really showed UP and gave it my all.

By day two, I had people tell me they didn’t know what I was selling on Friday but they were planning on buying because they were excited to work with me more and learn more from me.

This is a HUGE takeawaydon’t be afraid to give away content for free. It’s how you can build trust a relationship with your audience.

Funny notes about the challenge:

I was at my parent’s house and had FOUR dogs with us (we were about to move to France and we had our two dogs, plus their two dogs.) So I had to hide in their wine cellar because the dogs were barking all the time. I also was in a boot with a stress fracture, AND had just got my brows micro bladed—so I looked INSANE the first few days of the challenge.

Oh, and we were moving to France the following week.

There is no good time to launch lol, just do it.

The challenge ended up converting at 5% and we brought in  $49,029 in 5 days.

Lessons learned from this challenge:

 

1. Be flexible and listen to your people. While I was on day 5 of the challenge and telling them about the course and what was included, I had a few people say they wanted to do it, but couldn’t afford the payment plan ($197 X 3), so we created a new payment plan on the spot so they only had to pay $97/month.

Some people might say that’s stupid that I did that, but I truly believe in Pin with Purpose and KNOW that it’s going to help people move their business forward. So if I could make it more accessible for them so it’s a no-brainer, I’m gonna do it.

2. Think BIGGER. There is so much potential in the online space!! I never in my wildest dreams thought I could more than DOUBLE my 2013 annual income in just 5 days, but I did it.

3. INVEST IN YOURSELF AND YOUR BUSINESS. Like I said, I invested a ton back into my business. I lived super simply so I could afford a coach, a copywriter, and then a Facebook ads strategist.

Now, keep in mind that I used to do it ALL myself.

I was telling my mom about how we added a Facebook ads strategist to the team and she was like wait a second—you used to do it all yourself. Now you have some doing your Facebook ads, editing your podcast, responding to emails…what do YOU do?!

I said I have three-hour lunches in France with my friends.

I KID. I still work hard, but I’m able to work smarter AND have a life.

I wanted to share my launch spreadsheet with you so you can see exactly where the money came in, and I also made a video explaining it in detail. If you want that, just click this link and I’ll email it to you =)

 

Questions?! I know this is a lot, but I hope you can see how my business progressed over the past 7 months, and how every stage I invested into it, and it grew.

Ready to take your biz to the next level? Get free instant access to my online vault of videos, worksheets, and more for female entrepreneurs!

Rachel Ngom

Entrepreneur, Author, Pinterest Strategist

 

 

 

 

 

 

 

 

 

 

Hang with me on Insta Stories

Email: clientcare@rachelngom.com

 

“Life is a gift, and it offers us the privilege, opportunity, and responsibility to give something back by becoming more.” Tony Robbins

 

PS. Be sure to join my free online community for female entrepreneurs! Join here.

 
How to do Market Research: The Most Overlooked Secret to Creating a Profitable Online Course or Product

How to do Market Research: The Most Overlooked Secret to Creating a Profitable Online Course or Product

Do you want to learn how to sell out your programs and courses? One of my top secrets to creating courses that sell is market research! In this post, I’ll teach you how to do market research in your biz!

If you’re brand spanking new to my blog, welcome! I’ve got tons of resources to help take your biz to the next level so grab a cup of coffee (or a glass of wine, no judgment?) and get comfy ?

How to do Market Research:

I’m going to sum up this blog post in one sentence, then I’ll break it down for you so you can understand my process.

I ask my audience what they want, then I give it to them.

Let’s talk about it.

Which do you think is better?

  1. An offer that you ASSUMED your target market needs?
  2. Or an offer that you KNOW your target market needs?

It’s a no-brainer, right?!

I sold out my first eBook (Keto(ish): The Simplified Guide to Eating High Fat Low Carb) because I polled my audience and asked them questions every step of the way!

My online course, Pin with Purpose sells crazy well because I talked to my audience and knew what they needed before I ever created the program!

Essentially, I polled my audience throughout the entire process.

The first step I took in creating my eBook (which is the most important):

I asked them if they would even want a guide on how to eat high fat low carb.

Why waste time creating a book or course that no one buys?!

I shared a lot of my health journey on my fitness blog and social media accounts, and it was my blog posts specifically about eating keto that got the most attention. I simply asked my audience if they would want me to dive a bit deeper into that topic and include more how-to information in the guide.

They said heck yes!

So many people skip this step! They assume that they know what their audience wants!

Don’t ever assume—ask!

After I asked if they wanted it, I asked what they wanted me to include in it.

I wrote up a general outline of the eBook and showed them what I was going to write about, then asked again if they thought I was missing anything or what else they would like to see inside.

I then polled my audience on the cover design. I asked them which design they liked best and then took their feedback to make it better.

I also asked on social media if a few members of my audience would edit the eBook for me and they would get a copy for free.

My audience literally helped me create the eBook from start to finish, so that when it was time to sell it, they jumped on it. Literally. They crashed my site! That’s a quality problem ?

I spent so much time seeding the launch, getting them excited about it, showing them exactly what was inside, and asking for their feedback (and then applying it), which is why it was so successful.

I’ve applied the exact same strategies to my new business and have had similar results with new program launches.

The main principle with everything that I do in my business, is: I ask my audience what they need then I give it to them.

Simple, right?

Here’s my 3-step target market research method that you can follow right away to understand your clients the right way and create an offer that sells out!

How To Do Market Research Step 1: The What

First, we will define the objective of the market research. What questions/confusions are you specifically looking to solve through this research? This will help you ask the most relevant questions.

I typically ask questions like:

  • What are your current goals?
  • Why is this important to you?
  • What’s holding you back from achieving them/what are you struggling with right now?
  • Questions specific to the program I’m coming out with (ie: How are you currently using social media for your business? Have you ever thought about Pinterest? If not, why not?)

How To Do Market Research Step 2: The How

Now you are going to develop your research plan. How are you going to conduct this research? 1:1 interviews? In-person coffee chats? An online survey? Testing?

When I was first starting this business I simply asked any and all female entrepreneurs I knew if they would jump on Skype with me for a 15 min interview. I was surprised how many people said yes!

Here are some ways that you can do market research today:

  • Create a poll in your Facebook community (if you have one) and ask what kind of content they would like to see from you!
  • Include questions for people to answer when they join your Facebook community
  • See if you can jump on the phone with some of your potential clients and see what they’re struggling with and if they would be interested in your idea. I ended up booking quite a few clients just from these interviews!

How To Do Market Research Step 3: Collection & Analysis

Then, I take some time to go through the data, see what trends emerge, and change my marketing strategy accordingly.

When I was getting ready to launch The Lead Generation Lab, I created a survey that I sent out to my audience. One of the questions was about their goals…and I was blown away that I saw over and over again that my people wanted to learn how to make $5,000 per month with their online business.

I had no idea this was their big goal. When I saw that, you better believe I changed the messaging on my sales copy and within the launch!!

To stay organized, I use Trello and have an entire board titled Market Research where I literally copy and paste my audience’s answers so I can refer back to it at any time.

Alright, let’s sum this bad boy up.

You’ve gotta ask your audience questions…often! Find out what their struggles are, then offer them a solution.

I am always doing market research!

Recommended reading: Ask by Ryan Levesque

 

QUESTION OF THE DAY: Have you been doing market research before or is this concept brand spanking new to you? Which method will you implement today? Take action!

Ready to take your biz to the next level? Get free instant access to my online vault of videos, worksheets, and more for female entrepreneurs!

 

Rachel Ngom

Entrepreneur, Author, Pinterest Strategist

 

 

 

 

 

 

 

 

 

 

Hang with me on Insta Stories

Email: clientcare@rachelngom.com

 

“Life is a gift, and it offers us the privilege, opportunity, and responsibility to give something back by becoming more.” Tony Robbins

 

PS. Be sure to join my free online community for female entrepreneurs! Join here.