Q&A: Your questions about building a profitable online business answered

In this episode, I'm answering a range of questions that came out of the recent audience survey around building a profitable online business.

- 1. Your daily and weekly routine, distribution of activities, work life balance? (1:53)
- 2. How to keep your audience engaged between launches? (03:56)
- 3. How do i reach more people? (05:25)
- 4. How many hours per week (on an ongoing basis) does it take to run an online course? Am I setting myself up to be more busy? (07:08)
- 5. What do you wish you knew when you very first started? (08:54)
- 6. How to choose format for courses - group with certain start time, "evergreen", etc? (10:03)
- 7. Where should I spend my time and money to get the biggest return? How do I do this without spending 80 hours a week on it? (12:03)
- 8. How do you determine how much time to spend on what activities, how do you know what is a "profit moving activity" when there aren't any profits yet? (14:00)
- 9. Attracting the right audience when they're ready to buy? (16:25)
- 10. Do you hire people to help you with things? How do you do it all? (18:10)
- 11. How long did it take you to get into a flow of marketing yourself and growing your audience to your products? (19:48)
- 12. How much should I give away for free? (21:27)
- 13. How to take a 1:1 or small group offer and make it scalable? (22:56)
- 14. What are some pros and cons, and tips for paid advertising? (24:58)
- 15. What do you use to schedule all your socials? (28:30)
- 16. What do you use as your project management system? When is a good time to start using this? (29:04)
- 17. How do you get admin support? When do you decide when you need VA help? (29:44)
- 18. How did you go from just you to having others help you and are they working full time or part time for you? (30:56)
- 19. How can I feel more confident about marketing and software operation? (31:36)
- 20. How do you remain consistent? (33:12)
- 21. Are you glad you did it? (33:51)
- 22. Is it possible to build a profitable business selling relatively inexpensive products and courses? (34:26)
- 23. Is it possible to grow when offering a bespoke service (like branding) not a strictly online business or course? (35:47)
- 24. When is the best time to start paid traffic? (36:32)
- 25. How to undertake market research to ensure the product we're building will be something people buy? (37:09)
- 26. What is the key to scaling a tiny offer? (38:03)
- 27. If you think you’re the first one doing something in your industry (which I think I might be) what are the pros and cons of this and how do you navigate it? (39:42)
- 28. What systems do you have in place to help make your business run more easily and without as much daily input from you? (41:36)
- 29. How did you shift from agency type model to your online business without taking a huge financial hit? (43:44)
- 30. Is there a way to launch multiple mini courses without the huge launch strategy? (44:38)

SHOW LINKS:
- Learn more about Boost Your Brands Superfans: https://stephtaylor.co/boost-your-brands-superfans
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- Join the waitlist for the September round of Launch Magic: https://stephtaylor.co/lmwaitlist
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