Found this content in Max Perzon's Skoolers community.
He breaks down the 5x Skool Money Models you can follow after watching Alex Hormozi's book launch (apparently, he made $100M+ and set a Guinness World Record)
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๐ ๐ข๐๐๐ #๐ญ: ๐๐ฅ๐๐ + ๐๐๐๐๐๐๐๐ง๐
- Run traffic into a free Skool community, create a free course teaching people a certain skill. Inside the training, you promote an affiliate offer & earn commission. Powerful, made me $1.6M.
- ๐ฃ๐ฅ๐ข๐ฆ โ Scalable. Not your own product. No support. No service delivery. Recurring monthly revenue (e.g. Skool has 40% recurring commission for Skool affiliates).
- ๐๐ข๐ก๐ฆ โ Not your own business. Youโre dependent upon the affiliate offer youโre promoting to be here forever. Not really a problem if you have a serious company youโre promoting.
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๐ ๐ข๐๐๐ #๐ฎ: ๐๐ฅ๐๐๐ ๐๐จ๐
- Run all your traffic into a free Skool community. Keep the community free, but offer the classroom + calendar calls for a monthly recurring subscription.
- ๐ฃ๐ฅ๐ข๐ฆ โ Keep the barrier of entry low. Attract a lot of people into the community. Scalable.
- ๐๐ข๐ก๐ฆ โ Youโre mixing both free & paying members in the same community. Thereโs value as a paying member to only be around other paying members.
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๐ ๐ข๐๐๐ #๐ฏ: ๐๐ฅ๐๐ + ๐ฃ๐๐๐
- Run traffic to your free Skool community. Keep the community, classroom & calendar free. Give away a lot of free value, build trust & credibility. Leverage this trust to automatically upsell them to your separate paid Skool community.
- ๐ฃ๐ฅ๐ข๐ฆ โ Powerful to leverage a free Skool community to build trust and automate the sales process into a low-ticket paid Skool community without sales calls. I scaled to $100,000/mo with this model on Skool.
- ๐๐ข๐ก๐ฆ โ Some people donโt like managing two communities. Itโs an extremely powerful asset to have, but not necessary to use. The other models weโll discuss now skip the free community and arguably work even better if you ask me.
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๐ ๐ข๐๐๐ #๐ฐ: ๐๐ข๐ช ๐ง๐๐๐๐๐ง ๐ ๐ฅ๐ฅ
- Build trust & credibility using YouTube, then drive people directly to your low-ticket paid Skool community. Sell it for $10โ$300/mo. This is used by some of the top earners on Skool.
- ๐ฃ๐ฅ๐ข๐ฆ โ Instead of using a free community on Skool, you build the free community on YouTube. You leverage YouTube to build trust & credibility by making valuable videos. Convert without sales calls. Works great for lower-ticket hobby communities.
- ๐๐ข๐ก๐ฆ โ Churn. Since youโre selling information for a lower monthly price, people can leave once they have completed the course material. It normally takes someone 2โ4 months to complete the course material, after that they leave. A lot of traffic needed to scale.
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๐ ๐ข๐๐๐ #๐ฑ: ๐๐๐๐ ๐ง๐๐๐๐๐ง ๐๐ฅ๐ฅ
- Generate sales calls from your YouTube traffic. Sell something higher ticket ($3,000+) over a Zoom call. Give people access to your Skool community + course for 1 year.
- ๐ฃ๐ฅ๐ข๐ฆ โ 100% churn on ARR is 8.3% churn on MRR = Great! Charge what your course & community is actually worth. Can make it easier to scale & make profitable. Currently using this to make $250k+/mo.
- ๐๐ข๐ก๐ฆ โ Sales call required. Some people donโt like the idea of this. But building out a sales team doesnโt have to be hard. Also, selling high ticket doesnโt fit all Skool community ideas. For some, lower ticket MRR is better, e.g. hobby communities.
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What's best?
Totally up to you.
I think it depends on where you're at.
For example, this community is currently FREE to get members and engagement.
Once the group reaches a certain threshold, I can change it to a low ticket entry.
Then gradually increase the price.
But...that all depends on how you structure your own group.
So...that's my opinion at least.
Let me know if you have questions!