137: What I Spend Each Month In My Online Course Business

Author: Jacques Hopkins
Published: Tue 23 Jun 2020
Episode Link: https://www.theonlinecourseguy.com/podcasts/the-online-course-show/episodes/2147640222

When you’re starting an online course business, you probably have a lot of questions about what it will take to keep that course running smoothly every month. My business has evolved a lot over time, and that means my expenses have evolved too. And that’s what we’re here to talk about today!

"You have to be your own CFO"

- David Krohse

No matter what stage your business is in, you probably have expenses! In this episode we’re taking a look at all the essential tools and services I pay for - and why I think they’re worth it.

In This Episode, We Talked About:

(0:47) Dave’s story about being in an online course mindset and cost/benefit analysis

(3:52) My latest launch

(5:25) Learning from imperfect leaders and thinking about success

(8:39) A life update made possible by my online course business

(10:04) Setting the stage for discussion of my monthly expenses

(14:10) My credit card rewards recommendation

(14:46) Spending on tools, ads, and cloud storage

(21:46) What I’m doing for Instagram content so far

(24:08) Physical pack components and how I handle shipping

(28:04) More expenses and outsourcing costs

(29:28) Why I love StreamYard

(32:31) Staying organized, handling ads, and customizing communications

(34:51) Thoughts on Wistia, Canva, and Zoom

(37:07) Payments I handle outside of my credit account

(37:25) How much did I spend on advertising, course supplies, and processing fees in April?

(39:13) Contractors’ fees and handling business while away

(39:56) My experience with Evolved Finance so far

(41:27) My business wishlist and what I’m enjoying being able to afford for my business

(43:22) Pitfalls new business owners should be aware of

(46:34) Three key tools and why I didn’t include them in my monthly expenses

(47:37) Wrapping up

Thank you for listening in – I hope you enjoyed what you learned! We’ll be back with another episode soon of The Online Course Show soon.

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137: What I Spend Each Month In My Online Course Business

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