Sep 9 (edited) • 📣 Announcements
Skool News | the Axe Verdict
the latest Skool updates. and the honest, unfiltered verdict from me.
THE VERDICT (text and video below)
i see Growth Boost is like a casino married to a financial pyramid:
  • if you are free, low ticket, low conversion/retention rates, forget it - no ads on you
  • if you are doing okay, they will include you in the carousel 🎠 which is no different from option 1. it means you only get visitors from discovery and search and profile. it means, they are growing Skool, you pay for it
  • if you are doing good (based on efficiency score we have not seen - but know how is calculated), you get dedicated campaign with $1-5k per day budget. but, let's get real here for a sec: if they do it for 100 communities, spending $3k on average, their daily ad spend is $300k, monthly - $9mln.
well, do you believe that they have such investment?
and even so, 100 communities is 0.16% BOOM! because, there 160k members in Skoolers. forget free communities. even then there are 60-80k paid communities.
my real verdict is
  • i just don't see ppl joining small/ paid / expensive communities right away
  • focus on getting traffic to your community by yourself
  • they just announced "re-adjustment" so, sorry, you might not see results for next 1-2 weeks
  • getting your community into the carousel?? i see no value in it. and then, ppl search and find you and you pay Skool 30-70%. is it fair?
  • more importantly, you advertise, ppl go to skool, check your profile, join from there and you give Skool 30-70%. is this fair?
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here is the summary for the curious or find the recording in the Vault, as all previous recordings
🤩 New Features:
  • Skool reviews are now visible on Google. YEY. i could see them for Community Income Mastermind. but not for this community. it's weird. i will ask in Skoolers and update you once i understand the issue.
  • now Skool in the browser will autodetect the language and will translate the menu, and the content of the groups.
🗞️ Growth Boost News:
  • Skool is re-structured, re-set, re-whatever GB. so, it will take 1-2 weeks to get back to how it was before
🚀 Growth Boost Tips (if you decide to use it):
  • put your Skool community link on all of your socials (make sense anyway) and in your content (also good).
  • drive traffic to your about page. duh, it make sense to drive traffic to one place.
  • improve packaging: Cover Image, Title, About page photos and text. duh, you want it to be good either way. use Discovery to teach your AI to help you improve it.
  • make sure you have an annual option (30-50%) so Skool get their cash back quicker - not me, they said it 😎 well, seriously, you should have an annual option for your paid community. it is good for everyone.
  • give more money to Skool, if GB is not working right now - turn it up to 70% - and once it starts working, dial it down.
  • if free trial conversion rate is below 40%, consider turning it off. my honest opinion - something is wrong inside, in packaging or with traffic. and i don't think turning it off will help much.
❓ Growth Boost is not working? here is why:
  • your price is too low and other stats are average. how to solve? give Skool more money
  • you have to wait for your turn
💰 If you WIN the lottery ticket on Growth Boost:
  • you get a dedicated campaign
  • they promise to spend $1-5k per day on your ads
  • or if you are SUPER exceptional, they will spend $5-10k per day and create partnership campaigns using your content
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so, are you turning it on or off? ⬇️
GB on 💰
GB off 😡
what are you talking about?
15 votes
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71 comments
Lidia Axe
8
Skool News | the Axe Verdict
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