Episode #
Is Education A Good Revenue Stream?
May 08, 2023

In episode #2448, Neil and Eric talk about whether education is a good revenue stream. Their answer is no! Many people choose to sell ebooks, courses, and webinars as a way to make money, but Neil and Eric have chosen to give this kind of material away with the aim of increasing their reach, and then they make money by selling their services. Tune in today to hear why service-based businesses are far more scalable and profitable in the long term than education-based businesses. 

TIME-STAMPED SHOW NOTES:

  • [00:00] Today’s topic: Is Education A Good Revenue Stream?
  • [00:07] Examples of the educational streams through which some marketers and entrepreneurs make money.
  • [00:41] Neil’s thoughts on educational revenue streams.
  • [01:02] What has recently happened to the stocks of educational companies (and why).
  • [01:35] The value in giving away educational material for free.
  • [02:18] Changes that Neil made to his business model to transition away from education as a revenue stream and the success that he achieved as a result.
  • [05:01] Lessons that can be learned from people like MrBeast and Logan Paul.
  • [05:19] Eric’s approach to monetizing his business.
  • [05:59] The scalability of service-based businesses.
  • [03:20] That’s it for today! Don’t forget to rate, review, and subscribe!

Go to https://www.marketingschool.io to learn more!

Links Mentioned in Today’s Episode:

Leave Some Feedback:

  • What should we talk about next? Please let us know in the comments below
  • Did you enjoy this episode? If so, please leave a short review.

Connect with Us: 

Learn more about your ad choices. Visit megaphone.fm/adchoices

See omnystudio.com/listener for privacy information.

Discover Latest Episodes

Episode
The future of marketing agencies, How to increase your agency’s value, & more
February 20, 2024

In episode #2681 of Marketing School, hosts Eric Siu, Neil Patel, and Ralph Burns along with Kasim Aslam from the Perpetual Traffic podcast delve into the future of agencies and the evolving landscape...

Episode
MrBeast makes $250k on X, Using ViewStats, and How to avoid the fate of legacy media
February 19, 2024

In episode #2680, we delve into the success of Mr. Beast's YouTube video and the strategies that propelled it. We analyze how Mr. Beast's extensive social following and top-notch content played pivota...

Episode
Revealing Neil Patel’s marketing strategy, Eavesdrop Marketing, 30% of Zapier employees now have AI zaps doing stuff automatically for them, and the 25 qualities of a great piece of content
February 16, 2024

In episode #2679, we discuss our experiences in taking back control of our marketing strategies. Neil shares his frustration with the overload of content being produced by his team and explains how he...