5. Find your pricing sweet spot.
“Founders are naturally going to underprice their courses,” Kat notes. “I definitely did that too at first, until a business coach told me that I had to price my courses higher.”
Kat’s advice is to look at what’s around the market and decide if you want to position yourself as either an undercutting model or a premium product. She’s found that a premium product with occasional discounts gives potential customers a strong sense of value perception, which helps motivate purchases.
6. Drive sales with free webinars.
Kat credits webinars as a “big cash driver” for Miss Excel. These free live lessons are an effective way to create value for your audience, while drawing them to your paid offers.
Even better (and more time-saving), you can offer evergreen webinars by repurposing recordings from previous sessions. “This allows people to play the recording multiple times, and in their own time zones,” Kat adds.
7. Scale your business with affiliates.
To draw even more people to her free webinars, and eventually her paid courses, Kat has built her own affiliate program. She collaborates with a network of newsletters and individual affiliates who promote her webinars. For every sale generated through their referrals, her affiliates receive a generous 50% commission.
“What I'm excited for next is really scaling out our affiliate partnerships,” Kat says. “I think that’s the way we're going to scale even more massively.”
8. Grow your revenue by selling B2B.
To really scale your online learning business, look beyond individual learners and sell B2B (business-to-business).
According to Kat, Miss Excel now partners with over 350 different organizations, including Salesforce, Enterprise Rent-A-Car, Big Four accounting firms, as well as colleges. Her B2B division is a huge revenue driver, and she's been able to scale her corporate offerings by making bulk course sales through Thinkific.