Beruflich Dokumente
Kultur Dokumente
REASONS
CLIENTS DON’T COMPLETE
YOUR ONLINE COURSES
TABLE OF CONTENTS
INTRODUCTION
STEP #1: AVOID LEARNER FRICTION ™
STEP #2: BEWARE OF THE FIREHOSE EFFECT ™
STEP #3: DITCH ONE-SIZE-FITS-ALL CONTENT
STEP #4: PRIZIFICATION™
STEP #5: OPTIMIZE FOR RETENTION
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INTRODUCTION
WHY READ THIS EBOOK?
The market for online courses is massive, and it’s growing each day. For
example, in 2016 the eLearning industry raked in over $50 billion dollars.
You already know that for the up and coming tech-savvy generation, everything
is online. For many of them, it’s all they’ve ever known, and it’s the best way to
deliver value for them.
All this content online doesn’t mean that anything goes, however. Your clients
are as skeptical as they are savvy, and they can spot a shoddy job a mile away.
And unfortunately, that “shoddy job” is exactly what most courses look like
when they’re launched. And the numbers point to this sad fact.
Most of the time, making more money with an online course is about avoiding
the mistakes instead of throwing money at Facebook advertising. In the next
few pages you’ll learn how to avoid the biggest roadblocks to making more
money with your online courses. So keep reading!
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ABOUT THE AUTHOR
MIKE WEISS
Mike Weiss is the Founder of Client
Engagement Academy (CEA) where
he helps entrepreneurs build passive,
scalable 7 figure businesses using
courses.
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REASON ONE
AVOID
LEARNER
FRICTION™
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THE PROBLEM
YOUR CONTENT IS GREAT, BUT
PEOPLE ARE LEAVING
Clients come into your course and finish a lesson or two and then “forget”
to move forward. Or, they hop in and then ask for a refund. Your content is
excellent, so what’s the problem?
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THE SOLUTION
THE PEP SYSTEM PLATFORM
When you eliminate Learner Friction™, you’ll see more client engagement,
higher student completion rates, and better student outcomes.
Which means more profit for you at the end of the day.
You may know that your platform is an issue, which is likely why so many
of you ask, “I’m thinking about creating a course. Which platform do you
recommend?”
Maybe you’ve asked this question yourself. When I plugged this question
into Google, the search engine returned over 206,000,000 results.
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If your courses don’t have some (or all) of these factors, engagement and
completion rates will suffer.
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REASON TWO
BEWARE
OF THE FIREHOSE
EFFECT ™
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THE PROBLEM
SO MUCH CONTENT CREATES
AN OPPOSITE EFFECT
Clients come into your membership site or course, but don’t know where to
start. When they quit after 2-3 months, or ask for a refund, they say it’s
due to “so much great content.” You keep adding more, thinking they’ll
stay, but it seems to have the opposite effect.
I call it the “Firehose Effect™” and it’s the very reason your members are
leaving you around month three.
The client signs up for your membership site all gung ho.
They visit a few times in the first week, a few times over the next
month, and then forget about it altogether. By month three, they’re
already feeling guilty for not signing in. And when the invoice comes
for their membership fee, they decide (perhaps rightly) that it’s not
worth the money and cancel.
They’ll send things like, “I love the site and the material, I’m just
not using it right now.”
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Or, “There’s so much here, I don’t know where to start.”
Whoops.
You see, this “Firehose Effect™” drowns your clients in so much information
and so many choices that they can’t see a straight path through to the
ideal client outcomes you promised them.
It’s like walking through a Walmart Super Center and not knowing which
aisle to go down.
- Mike Weiss
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THE SOLUTION
SINGLE STEP TRANSFORMATIONS
What you want, instead, is for them to head along a defined, clear path.
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You want to give them step-by-step chunks of information.
Then you’ll sprinkle it with a little gamification and voila! They stay for
longer than 2-3 months.
- Mike Weiss
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REASON THREE
DITCH
ONE-SIZE-FITS-ALL
CONTENT
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THE PROBLEM
SPEAK TO EVERYONE’S NEEDS, GOALS
AND PROBLEMS
When you try to sell your course, you have trouble speaking to everyone’s
needs, goals, and problems. It feels like everyone wants something
different, and this makes it hard to scale into a larger audience.
This is a universal truth that stares us in the face every day, yet most
course developers overlook this simple reality when they put their course
and learning management system together.
How many “personality type” books do you have on your shelf at home?
Which leaves you with one boulder of a problem: the 75% of students
don’t learn like you will fail to complete the course!
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THE SOLUTION
THE “B.A.N.K” APPROACH TO LEARNING
Knowing this, it’s critical that you create a course that can adapt to each
learning style and personality type. There are multiple ways to classify
personality types. However, I’ve found one that I feel works very well for who
we’re working with in the e-course industry.
It comes from a sales training company I worked with and it’s easy to
remember: B.A.N.K.
• “B” stands for Blueprint. Blueprint people live in boxes and like to follow
the rules. They like to follow a prescribed path and check off their list as they
go.
• “A” stands for Action. These are people that want information NOW! They
want you to cut to the chase and want consolidated information as fast as
they can get it. They don’t like constraints or checkboxes.
• “N” stands for Nurture. These are people that want to know there is a
bigger purpose tied into what they are doing. They love to talk about their
success with others and like to be acknowledged.
• “K” stands for Knowledge. These are the analytical types who like to use
data to make decisions. Everything they do is calculated and methodical.
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INSERT IMAGE
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REASON FOUR
PRIZIFICATION™
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THE PROBLEM
STUDENTS HAVE NO BUILT-IN INCENTIVE
TO FINISH COURSES
Our society has trained students to take education which gives them a
certificate – a Return on Education™ - seriously. Without that, and they
won’t pay as much attention. They know it won’t advance their career any.
They can’t use it to get a job or land a client. But give them something to
show for their work and suddenly you’ve incentivized their completion.
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THE SOLUTION
RETURN ON EDUCATION™
VIA DIGITAL BADGES
This simple paradigm shift significantly changes the way students approach
your e-course. Digital badges do three fundamental things:
Digital badges don’t just increase your graduation rate and help your
students show they now have a legitimate skill, they also significantly
increase your profits.
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I call it the Viral Social Loop™.
When your students add their badge to their LinkedIn profile or post it on
FB, this means free impressions and leads for your course.
All of this creates win-win outcomes for both you and your students.
The truth is this: digital badges are the future of e-learning. Students will
eventually expect these for all courses, and if your course doesn’t provide
this feature, it won’t be long before you’re out of business.
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REASON FIVE
OPTIMIZE
FOR CLIENT
RETENTION
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THE PROBLEM
YOU’RE SPENDING MORE TIME TRYING TO
GET MORE CLIENTS
You’re spending considerable amounts of time trying to get more and more
clients for your business. You feel like if you stop pushing people into your
funnel, your whole business will fall apart.
Have you ever heard the phrase, “A penny saved is worth more than a
penny earned”?
Think about it for a few seconds and ask yourself, “why is that?”
It’s simple really. To earn a penny, you have to advertise, work and deliver
a product or service. (And don’t forget you have to pay taxes on your new
penny as well!)
When your students add their badge to their LinkedIn profile or post it on
FB, this means free impressions and leads for your course.
All of this creates win-win outcomes for both you and your students.
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The truth is this: digital badges are the future of e-learning. Students will
eventually expect these for all courses, and if your course doesn’t provide
this feature, it won’t be long before you’re out of business.
Why would you go out and spend money and time bringing in new
customers and students, when you already have paying customers in your
course RIGHT NOW?
All you have to do is keep them engaged and buying more of what you
offer, and the profit potential and ROI is much greater compared to
replacing them.
- Mike Weiss
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THE SOLUTION
THE PEP SYSTEM ™
What you must do, as a course creator, is focus on retaining the clients you
have so that you can earn more no-cost profit… rather than spend all your
time on the lead generation hamster wheel.
And clients who complete your course are clients who stick around.
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Two online course creators launch their course and receive 10,000 new
customers.
Because they each had to invest their money in the technology, funnel, and
marketing costs, they know that they will barely break even on the first
course.
Which means...
And still barely turn a profit if you have Learner Friction inhibiting
engagement.
The difference, here, is $1.84 million left on the table with almost zero
cost to acquire this extra money. All by changing a few small things in the
course structure as taught by Client Engagement Academy.
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If you’re not seeing the graduation rates you would like from your course,
there are a number of strategies and tactics you can use to improve
engagement.
We’ve gone through five here, but there are so many more.
To achieve maximum
student engagement, it’s
not simply throwing
everything at the wall
and seeing what sticks.
- Mike Weiss
“
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11 SUCCESS ACTIVATORS
DIGITAL BADGES
BRAND AWARENESS & FREE
LEADS
REVERSE CONTENT
DESIGN™
SURGING STUDENT OUTCOMES
CLIENT ACCOUNTABILITY
AUTOMATED EMAIL, TEXT &
VOICEMAIL
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11 SUCCESS ACTIVATORS
GAMIFICATION
LEADERBOARDS, POINT
SCORING & PRIZIFICATION™
DETAILED CLIENT
REPORTING
ANALYZE, TEST & IMPROVE
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11 SUCCESS ACTIVATORS
PRODUCT ASCENCION
MODEL ™
INCREASE LVC & PROFITS
MEMBERSHIP PROFIT
FORMULA
REDUCE CHURN RATE & EXTEND
PAYMENT
LMS COURSE
STRUCTURE
ONE LOGIN & INSTANT LESSON RETURN
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DISCOVER HOW DIGITAL
MARKETER’S CERTIFICATION
PROGRAM GREW FROM
$0 -$2,000,000 IN LESS THAN TWO
YEARS
At Client Engagement Academy, we’ve spent years and hundreds of thousands of
dollars perfecting what it takes to maximize course completion and therefore
maximize your bottom line profits. If you’re serious about implementing some of
the strategies we’ve discussed here in this eBook, then I invite you to watch our
free Digital Marketer Case Study.
In it, you’ll learn almost all of the course-building strategies we used to help
Digital Marketer go from $0 to $2,000,000 in profits in under 2 years.
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