Full transcript
0:00Hello everyone, and welcome to this new
0:02series of videos that I'm going to be
0:03doing every week. These should be going
0:05out on Sunday
0:06about just tracking my journey creating
0:09a publishing company. I am in a kind of
0:12unique position with this channel. I
0:13make decent living doing this channel
0:16and my associated Story Hacker group.
0:18And I teach people how to write with AI,
0:20of course, right? Um and [clears throat]
0:23one thing I haven't done a whole lot of
0:25is teach people how to be successful in
0:26publishing because to be frank, I
0:29haven't done that successfully myself.
0:31Now, working at Kindlepreneur and
0:33everything, I learned a lot about the
0:34theory about it and I understand the
0:37basics and I even have people in my
0:39community that are more successful than
0:41I am in their fiction.
0:43Uh but I didn't worry about that too
0:44much cuz I was telling people how to
0:46write with AI. I was not teaching people
0:48how to publish. I am taking steps to
0:51change that though and I want to
0:52document every step of the process. So,
0:55in this video you're getting week one of
0:58my attempts to do a successful
1:00publishing company. Um I did a a video
1:03last week
1:04where I talked about my goals, how I
1:06want to get to 16,000 in monthly
1:08recurring revenue, which is also called
1:10MRR,
1:11uh as well as, you know, just be
1:13successful in other areas. So, in this
1:15video I'm going to show you all my stats
1:17from this past week. Uh I'm filming this
1:20on Monday after the week is over, but
1:22you'll be seeing it the following
1:23Saturday about a week after this week
1:27has the week that I'm showing you the
1:29stats on has ended. And then I'll go
1:31through and answer questions from the
1:32last video I posted and that'll be a
1:34recurring thing. Each week I want to go
1:37through and answer questions to the
1:39previous videos. So, if you have
1:42questions, you can put them in the
1:43comments of this video and I will answer
1:44it in the next one. All right, so here
1:46are my stats for the week. So, let's
1:48zoom in a little bit here.
1:50Um
1:51and just before people get excited, I
1:53I'm just starting out putting out all of
1:55this stuff out there that is needed for
1:57this to work. I have not done a ton yet.
1:59This is Publishing is a little bit of a
2:02flywheel where it can take a lot of time
2:04to really get things going and you will
2:07see that today. Like there's a lot of
2:09expenses and a lot of stuff that I'm
2:11doing with very few results yet.
2:15But I'll get into that. So, this is week
2:16one,
2:17uh the week of October 19th. So, like I
2:20said, by the time you're seeing this, it
2:22will have been a week since this week
2:25ended.
2:26Uh I did not publish any books that
2:28week. I did finish one, however, and I
2:31uh you I may have already put out a
2:33video about that and how I did that.
2:35Uh but it is finished and I sent it to a
2:37line editor, um which factors into some
2:39of the expenses later. As far as ad
2:42spend goes, I spent $152
2:45and 16 cents on ads this week and that
2:48was of over the course of 3 days, after
2:51which I turned off the ads because they
2:53did not result in a single sale. These
2:55were ads that I was sending directly to
2:57my school group. Let me just show you
2:59that real quick.
3:01Um this is the school group where
3:04ideally I want most of my um
3:09uh my revenue to come from.
3:12And you know, you can get all my books
3:15right in here and uh and there's a
3:18community around it. And anytime I get
3:21somebody in here, it contributes to the
3:23monthly recurring revenue.
3:25Um so, I was running ads just directly
3:27to the about page of this group
3:32nada, which is great because that tells
3:34me what doesn't work. Uh I was hoping it
3:37would work. It would have been so much
3:38easier if it did, but uh it did not
3:41appear to do so. And the same goes for
3:43my YouTube videos that I created. I'll
3:45get to that in a second as well. A lot
3:47of that was I was just linking people
3:49directly to this group and it resulted
3:51in zero
3:53uh sign-ups. So, that tells me
3:56something. That tells me well, I'll get
3:57to my conclusions from that at this
3:59point uh later on.
4:01But anyway, uh ad spent about $152
4:04before I turned those off and realized
4:06that if I didn't get a $9 a month sale
4:09from $152, then chances are
4:12I need to increase the quality of my
4:14data and the quality of my salesman uh
4:17sales pitch and all of that. Also,
4:19contractor expenses. So, this is a huge
4:21one. Uh most of my expenses go into
4:23contractor expenses. So, this will be
4:25things like audiobooks, video editors,
4:28line editors,
4:30and uh ghostwriters. And this is going
4:34to look like a lot uh for a lot of you,
4:37uh especially since it's over the course
4:39of 1 week and it is a lot. Uh most of
4:41this good chunk of this is from video
4:43editors for the YouTube videos. I'll
4:45show you the stats on in a second.
4:47And um
4:50uh on the whole, I did have a major line
4:52editor expense and a major ghostwriting
4:55expense this week. So, that's why this
4:56one looks really high. It's not usually
4:59this high every week. It just happened
5:02to be a a pretty big week. So, that's
5:04going to bring our total revenue down
5:07very, very low. All right, but the cool
5:09thing is I have started two YouTube
5:11channels cuz I love YouTube and I think
5:13organic content is especially YouTube
5:15content is an under-tapped
5:18market for authors specifically. And so,
5:21I'm attempting to prove that point by
5:24creating not one, but two YouTube
5:26channels.
5:27And some of you're going to wonder like
5:28how on earth I'm doing this, but I'm
5:30actually producing one video on each
5:32channel every day. So, that's two videos
5:34a day.
5:35Uh every day, 7 days a week.
5:37So, that's 14 videos in a week and I did
5:40successfully produce 14 videos in a week
5:42plus the videos I make for this channel.
5:45So, that comes out to
5:47between like 16 and 20 or so videos that
5:53I produce in a week. Uh but I did get
5:55the 14 for these two YouTube channels.
5:57One is centered around fantasy lore. I'm
5:59not going to give you the exact name cuz
6:01I don't want to like tarnish the data a
6:04little bit because if you guys aren't
6:07the people that would naturally want to
6:08watch these YouTube channels, then
6:11um then if you went over there and
6:13started watching them, that could
6:14confuse the algorithm a little bit.
6:17So, uh but I will tell you this one's
6:19about fantasy lore and it's done the
6:21best so far. I got in 1 week, the very
6:23first week that these videos were
6:25launching,
6:27I got 104 subscribers,
6:30which I think is really solid for the
6:32first week of any channel,
6:36right? And I got 5,700 views, also
6:38really solid. Uh obviously there's no
6:40revenue yet because you have to get up
6:42to 1,000 subscribers and 4,000 hours of
6:45watch time before you can get uh
6:48monetized on YouTube. So, until I get
6:50monetized, this will continue to be
6:52zero, but hopefully it won't take It'll
6:54probably take, you know, at the current
6:55rate, obviously with 104, I can probably
6:58get there
6:59in 10 weeks,
7:01probably sooner cuz I imagine that these
7:03numbers will
7:04go up exponentially.
7:06Um but anyway, these are very solid
7:08numbers. I'm very happy with this. Uh
7:10although it didn't translate to a whole
7:12lot of people, in fact, it didn't
7:14translate to anybody signing up for my
7:16school group. So, once again, that tells
7:17me that there's uh I'm selling the wrong
7:20thing in these situations and I'll get
7:23into some theories about that. So, the
7:25second YouTube channel
7:27is based around mythology since my
7:30YouTube since my
7:32uh my books are very like
7:34mythology-based. Like here I have uh
7:36this is the Arthur Tales, for instance.
7:38It's one of the books that people get.
7:40It's a King Arthur-related
7:42series of short stories.
7:44Um this one did not do quite as well,
7:46but if it weren't for the fact that this
7:47lore YouTube channel
7:50um
7:50is doing exceptionally well, I would
7:53still be very happy with these numbers
7:54for a first week. So, I got 56 new
7:57subscribers in that week and uh 1,560
8:02new uh new views and obviously zero
8:05revenue since this channel isn't
8:07monetized yet.
8:08Uh so, that's pretty
8:10like I'm pretty happy with that, too. Um
8:12I think this is pretty good.
8:14Uh obviously a lot less than what I get
8:17over here for the for the lore channel.
8:20And they're both topically relevant to
8:22what I write cuz my cuz I write
8:24mythological fantasy. So, basically this
8:26lore channel is all about the fantasy
8:28and this one's all about the mythology.
8:30Uh I don't know which one will translate
8:32into potential clients more, but
8:35overall, very happy with these results.
8:37All right, now we come to Book Report.
8:40Uh so, Book Report is the tracking
8:42software that I use to track revenue uh
8:45for my fiction across Amazon and
8:49uh Draft2Digital, which I primarily use
8:51for my ebooks and print
8:53um
8:54wide. And so, uh from that, I can deduce
8:58and once again, I haven't really been
9:00selling anything. Have uh I've been
9:01trying to get people into my school
9:03group, but I am trying to track all of
9:04my revenue here. So, that gave me
9:07$23.29.
9:09So, not a whole lot there. Uh this is
9:11not counting my books for authors, my
9:13nonfiction books because I want to keep
9:15this strictly to the fiction.
9:17Um and then for direct sales, I have not
9:20set up any Shopify store or anything to
9:22set up direct sales. That is going to be
9:24changing here in the next week
9:26or so. Uh
9:27the next 1 to 2 weeks I will be changing
9:29that and having some more direct sales,
9:31but since I didn't have that set up this
9:33past week, obviously there's zero
9:35dollars earned there.
9:37And then school payout. So, this is the
9:39pay like what I actually what actually
9:42dropped in my bank account last week
9:44from school from the specific school
9:46group was $22.09.
9:49And my total school monthly recurring
9:52revenue is $175
9:54a month.
9:56So, that's what I'm up to. Obviously,
9:58that's quite short of $16,000
10:01a month, which is what I would like to
10:03see here.
10:05Um but better than it was, you know,
10:07that's that's groceries for a week,
10:09right? Uh
10:11little more.
10:12So, um decent start, but obviously huge
10:15expenses, right? So, the total revenue,
10:17which is income minus expenses, was
10:19negative 3,400, essentially. Um so,
10:23obviously, like I said, a lot of that
10:25has to do with some big bills that hit
10:27me last last week.
10:29And the fact that we're just getting
10:31started on this, and there is investment
10:33that happens. And if you want to be
10:36successful as a publishing business,
10:38even if you're doing a publishing
10:39business of one, which I am at the
10:42moment, uh not you know, unless you
10:44count ghostwriters.
10:46Um
10:47but like cuz it's all in my universe,
10:49essentially. So, I'm publishing myself.
10:52And
10:54um
10:54you if you want to have a business, you
10:56need to be prepared to invest
10:58in your business. And that's what I'm
11:00doing here. And thankfully, because of
11:02Story Hacker Gold and the this Nerdy
11:05Novelist channel, I have the money to be
11:07able to support a loss
11:09for potentially a long time.
11:11Um
11:14and um and I you know, I can manage cash
11:16flow and all of that.
11:18But uh but overall, like even though
11:21this seems like a huge this would be
11:23hugely discouraging for a lot of people,
11:25I see this as nothing short of exciting
11:28cuz it just uh now we're able to track
11:30this and just we're going to watch that
11:32deficit shrink as we go along. Some days
11:35I'm going to have higher expenses than
11:36others.
11:38Uh some some weeks I'm going to have
11:39higher income than others, but I think
11:42we're going to see over time we're going
11:44to be able to watch that trend
11:46go up, so we have less of an expense,
11:48less of an expense, less of an expense,
11:51and then suddenly getting into profit.
11:54Um Amazon, famously, was
11:57uh operating at a loss for 6 years, but
12:00people still invested in it because the
12:02amount of that loss shrunk each year.
12:05So, I think that's what we're going to
12:06be seeing overall here. And my goal with
12:09this is to make all of the mistakes, so
12:10you don't have to, so that once I kind
12:12of figure out how to make this model
12:14work,
12:15uh and try a whole bunch of things,
12:18uh and learn what doesn't work, I can
12:20safely be able to teach other people how
12:22to do this, and you won't have to spend
12:24as much money as I
12:26as I do to make it work for you.
12:28Uh so, those are my stats. And now let's
12:30get into some of
12:32uh well, uh let me let me talk briefly
12:34about um my plans for this coming week
12:37and the week after. So, I learned that
12:39running ads
12:41and uh providing links in my YouTube
12:43accounts uh going directly to my school
12:46group is not really working. I wasn't
12:48seeing any noticeable uptake uptick of
12:51new people joining my school group.
12:53And I've kind of determined that the
12:56reason for that is because they don't
12:58know me,
12:59right?
13:00It's a hard ask to be like, "Join this
13:03subscription
13:04and get like 30 books" when they don't
13:07even know if they'll like one book,
13:09right? They haven't tried one book yet.
13:11And so, what I determined from this
13:13whole thing is that I really need to
13:15work on getting people in the door,
13:17getting them to read at least one thing
13:19of mine, and make them a fan of my of me
13:22and my work, and then upsell them on the
13:26school group. So, I am thinking a little
13:28bit more of a funnel here. Um
13:31And and you know, I wanted to do it
13:34you know, just do ads directly to the
13:36school group. It would have been so much
13:37easier if I could have made that
13:38profitable.
13:40Um but we're going to have to add an
13:41extra step in there. And so, in the
13:44coming days, weeks,
13:46I'm going to be building up some landing
13:48pages on my website,
13:51and those landing pages will
13:54uh have a variety of author offers on
13:56them. Um so, I'm going to experiment
13:58with like a a larger complete series
14:01offer that'll be like maybe 27 to 37,
14:03maybe 47 dollars,
14:05um where they get an entire series and
14:07all of the audiobooks. But I'm also
14:09going to experiment with some really
14:10smaller ones where I'm just selling like
14:12one book plus maybe a couple of bonuses
14:14to make it look enticing.
14:16And from that one book, I'll sell that
14:19for like maybe five bucks, just
14:20something easy. Um
14:22I I'm
14:23I really want to experiment with that. I
14:25don't know if I'll be able to make ads
14:26profitable if I do that,
14:28but uh on YouTube, I I should be able to
14:32make that profitable, I think. Most
14:34people, I think, would be much more
14:36willing to spend five bucks
14:37rather than the nine bucks a month
14:40that it costs to join my school group.
14:43Uh even though I'll the amount that you
14:44get with the school group is worth more
14:48than those five bucks, right? Because
14:51you like we're constantly putting out
14:52new stuff, you get the entire backlog
14:54and everything.
14:56Um but they don't like I said, they
14:58don't even know if they trust me yet, if
15:00they want those things. So, I got to
15:03sell them on one, pick my best offers,
15:05see which ones are selling the best,
15:08um and then expand those and see see
15:10what I can do with those. So, that is
15:11the main goal for this next week. I'm
15:13going to continue to put out a lot of
15:15new YouTube content. I am going to
15:17experiment because in my YouTube
15:19content, I have a a moment when I pause
15:22and sell, you know, do a brief pitch on
15:25on the school group. I'm going to try
15:27something a little bit different there.
15:29Um I'm not going to sell them on the
15:31landing pages yet because those aren't
15:33built, but I am going to like take one
15:35of my books and just be like
15:37uh and just sell them on the one book.
15:39Just be like, "This book is about XYZ
15:41and so forth, and you might like it if
15:43you like this and that." And
15:46um see if that results in more people
15:48signing up. I don't know. I think with
15:50in the case of YouTube, also like 99.9%
15:53of the new people coming in, because
15:55this is a brand new channel,
15:57they're all people that don't know me at
15:59all. And so, it's going to take some
16:01time for them to become familiar with me
16:04and to see my face and recognize me and
16:06to feel like I'm a friend, you know? Um
16:08I feel like I need to get people to have
16:10watched
16:12at least seven seven to 10 videos before
16:16they start to really trust me and start
16:18thinking about actually investing in my
16:20program. So, I I I imagine that a lot
16:25of those those things will get bigger
16:28and better
16:30um as as I just put out more videos. You
16:33know, it's a slow it's a it's a
16:34flywheel. It's slowly rolling out, okay?
16:37All right. So, with that in mind,
16:39let me go and answer some of my
16:41questions from the last video that I put
16:43out about this,
16:44um
16:45where I talked about my goals for this.
16:48Um all right. So, we've got a couple of
16:50comments here, and I'm just going to go
16:51up through these comments and try to
16:52find the the good questions and answer
16:54answer them here.
16:56So, wow, this is amazing. The fact that
16:57you're showing us in real time is
16:58awesome. Your hard work will be
16:59rewarded. Thank you so much.
17:02That is the idea. I'm trying to document
17:03it in real time, so
17:05you uh so, you guys don't have to make
17:07the mistakes that I will obviously be
17:08making.
17:09This sounds great. I'm very interested
17:11to see how this goal goes. I'm in a few
17:13groups on School, and it's a solid
17:14platform. Do you think this would work
17:16for someone who's not a YouTuber? Um
17:18yes, I I think it can. I obviously, you
17:21got to you got to wait till I make it
17:22work, right? And then I can tell you
17:24what makes it work. Um but uh I do think
17:28that this could be possible
17:30uh just with any size audience. But I I
17:32am starting to think that you kind of
17:33have to build the audience first,
17:36uh and then sell them on an offer like
17:38this.
17:39Um but we'll see how that goes. All
17:42right. I love School. It's definitely a
17:43game changer. Yeah, you guys don't
17:45understand. Like School is is an amazing
17:47platform. It's so much better than
17:48Patreon or Discord or any other
17:51community-based platform,
17:53uh or membership-based platform. Like
17:55it's just head and shoulders above all
17:56of those things in so many ways that I
17:58couldn't even like get into them all
17:59here.
18:01Uh all right. Uh how do you edit your
18:03book drafts so quickly?
18:04Um I probably should edit them more.
18:07Um
18:09uh I don't know if this video's gone out
18:10yet, but I will have a video about my
18:13last book that I wrote with AI, and it
18:15took me four days to edit the whole
18:16thing.
18:17And
18:18uh it certainly could have used more
18:20like a second or third pass, and if I
18:22had time to do that, I would have done
18:24that myself. But instead, I am hiring
18:26line editors to do that for me.
18:28Just to give it that extra polish, so I
18:30know it's better uh than it was. And so,
18:34yeah, um
18:35that that's uh that's just me. Like most
18:38of what I do in my edits are focused on
18:40continuity and just making it sound like
18:43if making it fit my vision, essentially.
18:45That's what I'm
18:46looking at. So, all right. I love this
18:48so much. It allows for branding,
18:49presence, and proliferation. Great job.
18:51You really should consider adding
18:52branding lessons to the gold group.
18:54Funny you should say that. I want to use
18:56my marketing knowledge for building my
18:57writing brand, so it would be awesome to
18:58discuss this further. So, we just had
19:02this exact thing. I don't I like I I
19:03don't know
19:05um
19:06if this person was like clued into that
19:08or something, but like we just had Ella
19:10Bernard, who is an experienced and very
19:12successful self-publisher, come in and
19:14did uh four classes
19:17on branding, and they were phenomenal.
19:19And uh those are accessible inside the
19:21Story Hacker Gold group. Uh so, yeah.
19:25All right, cool. It's like a Patreon and
19:26a community site. Yep, essentially, but
19:28way better. All right, this person says,
19:30"Cool idea, but it might need a lot of
19:31marketing." Yes, it will. Every approach
19:34does, though.
19:35Uh but my concern is as a platform for
19:36self-published authors, School seems
19:38untested, which could be good. However,
19:40I feel like Patreon would be a better
19:41fit for writers looking to grow their
19:42readers, but I wish you the best of
19:43luck. I I get where this is coming from.
19:46Uh you're not actually the first person
19:47to say this.
19:48Um but I found Patreon Patreon is an
19:51awful platform. Like they take a massive
19:53amount of the cut of what you're
19:56earning.
19:57They also like there's like nobody hangs
20:00out on Patreon. Nobody's like it's it's
20:03just it's it's awful.
20:05Um
20:06It's just not the only advantage that
20:08Patreon has is that people know what it
20:10is and school is quickly becoming a lot
20:13more prominent. It's growing insanely
20:15fast.
20:16And I do intend to be the first
20:18self-published author that makes it work
20:21for their readership.
20:22Um but you're right because it is
20:24untested that makes it a little bit
20:26difficult and that's why I'm spending
20:28all this money to try and figure out
20:29what the best approach is
20:31uh to get people on there.
20:33Um
20:34but in terms of the quality of the
20:36platform, it is so much better than
20:38Patreon that I'm sure like the more
20:39people I get on school the more that
20:42will be recognized.
20:44Uh so yeah, hopefully we'll see what
20:46that looks like. All right, this person
20:48says why the emphasis on ads there's
20:50free marketing. Are you worried you'll
20:51upset readers with the subscription
20:52model? I know it works for Amazon but
20:54that's because tons of books are new
20:56books are published every month so you'd
20:57be pumping out books frequently.
20:59Yeah, so emphasis on ads
21:03even
21:05platforms that seem like they are free
21:07marketing
21:09are actually not free. They are running
21:11on ads like this one, YouTube. Now I'm
21:14not running the ads
21:16but someone's running the ads and
21:18YouTube is only able to function because
21:20of ads.
21:21Um
21:23and
21:25so even though it's it's essentially
21:26free marketing for me because I just put
21:28out the content and organic algorithms
21:31help it work.
21:33Business runs on ads. Doesn't matter the
21:35platform. Ads are an essential part of
21:37the economy to just make it work. So
21:40that's why I said what I did about ads.
21:42I am running ads myself on Facebook
21:45because I'm trying to explore multiple
21:47avenues to to make this work
21:50because one might work better than
21:51another.
21:52Um
21:54and upsetting readers with the
21:55subscription model there will certainly
21:57be readers that are upset with the
21:59subscription model. And for them
22:02you know, the books are available on
22:03Amazon, too.
22:04Um but I do feel like like this isn't
22:07going to be an exclusive subscription
22:09model thing. They don't have to join the
22:10subscription model. There are plenty of
22:12people out there that don't mind the
22:13subscription model as much and are
22:15perfectly willing to pay it if the value
22:17they get out of it is sufficient enough.
22:20Nobody will ever pay money for something
22:22that they don't feel is good enough
22:23value. So that's just
22:26some yeah.
22:28Comment. And the same for this comment
22:30here. One problem with the subscription
22:31model nowadays that everyone has many
22:33subscriptions. Yeah, that's just a
22:34reality of today's economy. That's just
22:36how it works.
22:38Um and it is harder to get to sell
22:41people on a subscription.
22:42But the nice thing about subscriptions
22:45is that they are far more stable and for
22:47someone looking to be an entrepreneur
22:50looking to have their own business,
22:51stable income is absolutely
22:54something that you want to have.
22:56[laughter] So
22:57Um all right.
22:59Sometimes I'm worried that this is a
23:00very short-lived like opportunity as I
23:03feel AI will write books efficiently in
23:05a couple of months and that's going to
23:05crowd a lot more than what's already out
23:07there. Yeah, so
23:09if AI is writing a lot of books
23:11efficiently well, first of all, most of
23:14them are not going to be great even if
23:16AI gets better because anything
23:20that is AI plus a human will always
23:23especially AI plus a skilled human will
23:25always be better than AI by itself,
23:27always.
23:29Um and so where really it comes down to
23:32is you just have to make good stuff. If
23:35you make good stuff, you can instantly
23:37rise above 99% of the fluff out there.
23:41Most of the stuff that goes on Amazon
23:44doesn't get seen by anybody because it's
23:45not good and Amazon's algorithms have
23:48very good ways of figuring out what is
23:51good and increasing one's personal brand
23:54and working on advertising, having a
23:56budget for advertising, things like that
23:58can instantly
24:00move you above the competition. So
24:02that's just something to keep in mind
24:04there. I am I do I am not worried about
24:06the market at all
24:07for this
24:09because I have no competition because I
24:11am the only person that is me.
24:13Right?
24:14I'm the only kind of person that can
24:15create the kind of books that I'm
24:17writing.
24:18Even with AI.
24:20And so
24:21I'm only in competition with myself.
24:25See how that works?
24:26Um here's a good question. So nice. So
24:28ghostwritten books are better than AI
24:30books then? Has the tide shifted? No, so
24:32I use ghostwritten books. I use AI
24:34books. I have done collaboration on
24:36books
24:37and I have written my own books without
24:39AI or anything like that. And I should
24:41probably do a whole video on this. But
24:44there are pros and cons to each.
24:46I found that for AI
24:48or for ghostwritten books
24:50it's much easier assuming you find a
24:52decent enough ghostwriter who
24:55is affordable to you
24:57ghostwritten books are substantially
25:00more hands-off. Like I can just give
25:03them a story
25:04and not worry about it too much after
25:07that. I can I can reasonably assume that
25:10the product that I get back from that
25:13will be a decent product. Okay?
25:16So that's that's just something there
25:18that's that's a
25:21important to keep in mind. AI books are
25:23closer
25:24to
25:26me writing the book myself.
25:28It's a little bit like working with a
25:29ghostwriter but with an insanely
25:32increased level of
25:35micromanagement.
25:37You have to really be involved in there.
25:39And so I find it's closer to actually
25:41writing the book than it is to hiring a
25:43ghostwriter. And um and so I do a mix. I
25:47do a mix of all things because it all
25:49helps. Um
25:51and it all contributes um
25:54yeah, so
25:55uh this person says so you talked to
25:56Goose? Yes, I talked to Goose.
25:59Goose is awesome.
26:01Uh this person says I've been on a
26:03school group and I love the community
26:04aspect. Yeah, please can you do more
26:06automation videos as I'm trying to learn
26:07it and make one that's decent. I like
26:08your previous one click to write a book
26:10video, too.
26:11Yes, I am doing a lot of automation
26:13videos in the future. Um
26:15no worries there.
26:18What are the fees or do you keep all
26:19your profits? So this is for school.
26:21School has the lowest fees
26:23of any other membership platform like it
26:26or course platform.
26:28Um they charge only what they are
26:30charged by
26:32Stripe which they use as their payment
26:34processing and that's 3%
26:37I believe.
26:38Every other platform it's way more than
26:40that. I think Patreon it comes to like
26:4110 or 15. Like it's it's really absurd.
26:44Um and the only [clears throat] reason
26:46that they're able to do it that low is
26:48because
26:49they are they have sort of an enterprise
26:52deal with Stripe
26:54on all the transactions.
26:57Whereas most other platforms it's the
26:59individual creator that has
27:02um
27:03the deal with Stripe and so even Stripe
27:05fees are more on other platforms because
27:08it's direct from the creator to Stripe.
27:10Whereas here it's between school and
27:12Stripe and they because of the volume of
27:14people on school they're able to get
27:16like lower fees.
27:17So that's pretty cool. All right, this
27:19person asked
27:21just said that there was inconsistencies
27:23in my earlier statement. I said 16,000
27:26as 1,600 a month. Yeah, so I meant
27:2816,000 a month. That's that is my target
27:31to win the school games. I am kind of
27:33coming to the conclusion that I might
27:35not hit that this quarter.
27:37This quarter might all be about learning
27:39what works.
27:40And next quarter would be all about
27:42scaling what works and really making it
27:45to that 16k a month goal. That's fine.
27:48If if it takes an extra quarter or two
27:51um then that's fine. The the
27:54all we're trying to do is just figure
27:55out what works and more importantly what
27:57doesn't work
27:59to make this work. So that is pretty
28:01much everything I got for you this week.
28:02Be sure to leave any comments with any
28:03questions you have down below on this
28:05video and I will answer those in the
28:07next next week's version of this video
28:11and I will see you then.