My First Million: Courses That Are Making 7 Digits with Amy Porterfield

Hubspot Podcast Network Hubspot Podcast Network 3/30/22 - 25m - PDF Transcript

All right.

Quick break to tell you about another podcast that we're interested in right now, HubSpot

just launched a Shark Tank rewatch podcast called Another Bite.

Every week, the hosts relive the latest and greatest pitches from Shark Tank, from Squatty

Potty to the Mench on a Bench to Ring Doorbell, and they break down why these pitches were

winners or losers.

And each company's go-to-market strategy, branding, pricing, valuation, everything.

Basically all the things you want to know about how to survive the tank and scale your

company on your own.

If you want to give it a listen, you can find another bite on whatever podcast app you listen

to, like Apple or Spotify or whatever you're using right now.

All right.

Back to the show.

She's a woman who never made over $100,000 a year, and now in one digital course launch,

she made $260,000.

Now she's making way more money than that, but that's the kind of stuff that I live for

because it has to start somewhere.

So Amy, what's going on?

So Amy, Portofield, you're part of the HubSpot podcast network.

You're a new-ish addition, right?

Why don't you join?

Right.

Yeah, just about two months.

And so what would you say you do?

I mean, you do a...

I've read your blog for years and years and years, but we had John Lee Dumas on the other

day, and I was like, I actually don't know how to describe him, and he's like, is he...

Do I just call him a podcaster?

Is he...

He's a blogger.

I'm not actually sure how I would...

Because you kind of do a bunch of stuff.

How would you describe him?

You sound like my mom and dad who have no clue what I do 13 years in, so I totally get

it.

I always say that I am an internet marketing expert, and I help entrepreneurs still build

businesses online, and my expertise is to take your knowledge and know how and turn

that into a profitable digital course.

So digital courses are my area of expertise online.

Okay, amazing.

What kind of digital courses do you have your own course about courses?

I do, which is so meta.

I know.

So basically, here's the thing.

13 years ago, I worked in corporate.

I worked for Tony Robbins, and I was the director of content development, got to travel the

world and work on content that Tony did on stage at like, unleash the power within and

date with destiny and all those cool events.

And I was in a meeting, and I was called so humbling.

And I was called into this meeting to take notes, and I walk into this meeting in this

big San Diego corporate office, and I walk in and it's a bunch of internet marketers.

Now in my world, these are like the grandfather of internet marketers, although that sounds

very rude to call them grandfathers, but they're like the Mac daddies.

So it's like Frank Kern, Brennan Brouchard, Evan Pagan, Jeff Walker, like big name internet

marketers that are still doing really big things, but they were the leaders in the industry.

I had no idea who these guys were, and here I am at a side table taking notes and Tony's

going around asking them about their businesses, and what do they do, and how are they making

money online?

And all I heard was freedom, like these guys were running their own businesses, creating

digital courses about tons of different topics, and I wanted a piece of that.

So that was like my first entry into this world I knew nothing about.

And about six months later or so, I had left my corporate job and started creating my own

digital courses.

So yeah, I've got digital courses teaching people how to grow email lists, how to create

digital courses, but ultimately my mission is to help people leave their nine to five

jobs, start their own online businesses, and I believe digital courses is a way to do that.

So that's their vehicle.

Sean, do you have something to say?

I was going to say, forget courses, let's talk about Tony Robbins.

I was going to say that exact same thing, I was going to say, I was going to ask you

about a couple of the people you mentioned, including Tony, and I was like, how much does

his empire bring anything?

Does this guy just knock it out the park or what?

I mean, seriously, what I always say about Tony is, have you guys ever been to one of

his events before?

Have you ever seen him on stage?

So I've been to two, maybe, actually I've been to, yeah, I've been to two Unleashed

Apart with Inns.

Okay, cool.

And I'm a Kool-Aid drinker, I love Tony Robbins.

Absolutely.

I'm a fan, but I'm also super curious because I don't know the guy or know much about him.

So I'm still a fan after all these years and how he is on stage, like that huge personality,

all the energy, super intense, like how he is on stage is exactly how he is behind stage

as well.

I often joke that I might have lost a few years off my life because that was the most

intense job I ever had, but I wouldn't change it for the world because I literally got to

learn from the master.

Give me an intensity story.

Tony Robbins' intensity, what do you got?

So the thing is, before Tony goes on stage...

Spill the beans.

Wait, what?

You got to spill the beans.

You got to tell us the stories.

Here's why it's intense.

Before he goes on stage, he literally preps for Unleashed The Power With In, like it's

the first time he ever stepped on stage.

I've never seen anyone prep for anything and be prepared more in my entire life.

And so we have to write these stage signs of everything that he's going to talk about

and the stories he's going to touch on, and they're all handwritten.

I don't know why we would handwrite these things every time, but they're handwritten

and he goes over all of them.

And then he gets on this rebounder and he's jumping on the rebounder behind stage, getting

all the energy in his body.

The music is super loud.

What's a rebounder?

It's like a trampoline.

Like a trampoline.

Yeah.

Yeah.

And it kind of gets the energy going in your body and he's reading your stage sign and

making sure he's got everything going.

And then he just throws the stage sign and he runs on stage and he does his thing.

But the intense part is when he gets off, he looks at whosoever in his proximity and

he's like, all right, let's download.

He downloads every single time he comes off stage.

What worked, what didn't, what we can make better, what he liked, what he didn't like.

He wants feedback from everyone.

And it's like you are on the entire time.

I still, I'm nervous talking about it.

Yeah, you sound like it.

So he's been doing this for like 40 years.

That's crazy to me because I went to the two things.

He does the same exact thing, right?

He does pretty much the same script.

So I would assume he's like, you know, knows it by the back of his, you know, like the

back of his hand or whatever by now.

So it's not, it's probably not the material that he's like trying to remember.

It's like he's just getting himself into that state.

What about?

Exactly.

What about besides the performances?

I think performing is definitely like a high intensity thing.

What about just like work, like the office or were you not around for that part?

Meaning Tony in the office?

Yeah, just like on a normal day, non-performance.

So on a normal day, non-performance, Tony's not in the office.

He was, when I was there, he was at his house.

He did all the stuff from his own house, but he's always on.

So I think one thing I took, what I learned from Tony and I brought into my own business

is that one, always be prepared, overprepared, care deeply about what you're creating.

He cares deeply about his content.

So that's why he's always getting it in his body, even though he's done it a hundred

times.

And when he's not in the office, he's still always, always learning, always meeting with

people, learning new things.

Like that meeting that we had, he just wanted to know how they were selling their digital

courses online because he was going to start doing that in a bigger way.

So he's always pulling from different places.

It was an incredible experience.

What about, so Sean, I've told you about this guy before.

His name's Eben Pagan.

And we talked, Sean and I, Amy are good friends with Craig Clemens and he was a copywriter.

And when we had John Lee Dumas on the other day, I was like, John, tell me about some

of these marketers.

They're so fascinating to me.

And you just named a bunch of them.

And I want to ask you, I want to ask you about them, but Eben Pagan is the most interesting.

So basically for the listeners, Eben Pagan, I knew him as David D'Angelo.

When I was 14 years old, I was a nerd.

I wanted to learn how to meet girls.

He had an e-book called Double Your Dating.

And what he would do, if I remember correctly, Amy, you could correct me.

I think he would send these really long emails.

It felt like 10,000 word text-based emails about how to meet women.

And then at the end, you could buy a $14 book.

And I think Craig told us that he was selling $30 million a year of this book called Double

Your Dating.

Have you heard about this?

Yeah, absolutely.

I've heard about it.

And I know he's a legend in that area.

And when he came to the table, I think he had moved on from that part of his business.

But that's how he was put on the map.

And the one thing that I learned from Eben really early on is he teaches the strategy

that you've got to coin your own content.

Like you've got to name it.

You've got to put a title to it.

You've got to own it.

So one of the things that I've always done when I've created content in my own business

is like I've got the Porterfield process for outlining your digital course.

And the sweet spot for finding what topic to create for your course.

I name everything and own it.

And it sets you up as an expert.

And that absolutely came from Eben.

That's like, so me and Sam both teach courses on Maven and Wes who runs the course platform

for Maven.

She has one that she calls, she's like, you need your spiky point of view.

It's like, what's your spiky point of view?

And she's like, it's your point of view that stands out that not everybody would agree

with it.

It's like some people the wrong way because it's different than everything that they've

heard before.

And so, you know, that was like the core of when she's like, if you're going to teach

a course, you got to have a spiky point of view.

Otherwise, like your course doesn't really have a sort of angle to it or a hook to it

that other people are going to attach with.

Yeah, I love that.

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Do you, um, well, the other day, Sean and I were talking about this guy named Sam Ovens

because he had this YouTube video called, uh, he has a business called consulting.com

and he revealed all of his numbers and he was like, we got to 30 million in revenue

and then we decided to just be really profitable and we do 10 million in sales with five million

in profit with like a team of four people.

And we were just fascinated because that's just like a, that's a great, great business

to own that.

What are some other people who, who you've worked with or that you know of that are like

shockingly that you would tell people and you're like, I can, you would not believe

what this person does.

You would not believe how much revenue they make or that they sell a course, uh, in this

space.

Are there any shocking ones like that?

So one of the ones that always has shocked me, I have this, uh, student.

Her name is Danira and she lives in LA, single mom, three kids, really small house, not enough

rooms for everybody.

Like she is definitely doing it herself.

She was working two jobs and she, um, was baking and people would come to her house.

They'd pick up a birthday cake or a celebration cake or whatever.

And that's how one way she was making money.

Long story short, cut to creating a digital course and she became really good at caramel

candy apples.

So how to create caramel candy apples.

And the thing is the caramel was store bought.

It wasn't like her special recipe.

Just people didn't know what store to go to or what to buy.

And so she started to create these and, um, sell a digital course.

Now a lot of my students, many of them have made seven figures and beyond, but I want

to talk about her because she's a woman who made, um, never made over a hundred thousand

dollars a year.

And now in one digital course launch, she made $260,000 selling how to create, uh, caramel

candy apples.

And she literally was just doing live videos in a private Facebook group.

And I always tell that story because a lot of people listening have never created anything

in their life online and they would never even, they're like, my idea can't be good

enough or it's not original enough or whatever.

And then I think of Danira, a single mom living in LA, making $260,000 on the first

time she launched anything.

Now she's making way more money than that.

But that's the kind of stuff that I live for because it has to start somewhere.

What's her course name?

How do I Google her?

Um, let's see, if you, um, Google Danira, caramel candy apples, you will absolutely find

her.

It's called Danira.

D-A-N-I-R-A.

We call her the caramel candy apple queen.

She's got tons of press written up about her.

Like she's, she's a big deal.

How did she get her customers?

So who bought this course?

How did she go sell?

How much is the course?

Uh, I can't remember a couple hundred dollars and the way she got her customers, this is

what's cool.

She made a lot of videos.

She did a lot of social media where she'd show in her tiny little kitchen with not a

fancy camera lighting, like what she was doing.

And the thing is, so if you own a bakery, a caramel candy apple is like 10 bucks or more

uh, to sell, which is really good profit for a bakery.

And these bakers wanted to find more ways to make more money.

So she, uh, she appealed to the, uh, small business owners who had bakeries or sweets

to sell, but she also appealed to a lot of hobbyists.

A lot of people are like, I just want to do that.

That's cool.

So she had a mesh of two different audiences.

But her, she basically just made free content and then lots of videos.

Yep.

Wow.

And then the way I teach people how to sell courses is with webinars.

So she, she started to do webinars and webinars were a way, a new vehicle to sell more.

So she's gone on to do even more launches.

You would do a webinar for a three or $200 thing?

Absolutely.

So back in the day, my very first successful course was called FB influence.

I did it with Lewis house and together we created this course and launched it was $97

and I probably did 200 webinars to sell a $97 course.

And it was a huge success because we had tons of affiliates, but I would do a webinar

even for a $97 course.

Amongst these internet marketers who, what's the largest course, I don't know, a course

info product.

What's the largest business you've ever heard of?

Oh, geez.

The largest business I've ever heard of.

I don't know.

I feel like people.

Yeah.

Who crushes it the most?

That's a, that's a, that's a different way to imagine.

Well, my girl Marie Forleo, do you guys know Marie Forleo?

She has a program called B school.

She's been crushing it for 10 years.

Here's what's unique about her course.

She's had the same course.

Obviously she makes it a little bit better every year, makes the marketing better.

But it's literally the same course that she has sold for, I think, 13 years now.

That's crazy.

Once a year, she sells this course, $2,000 now, it's $2,500, but she's been in the game

for 13 years with the same course.

That to me is badass because.

Yes.

She's probably made like $3 million a year in profit for like 10 years.

Do you think that's crazy?

Yes, I do.

She's very quiet about her dollars.

So I don't know exactly, but seeing the numbers, the affiliates, I've been an affiliate for

a really long time, absolutely she's crushing it.

And the thing is, and what I learned from Tony Robbins is you do not always want to reinvent

the wheel.

Find something that works, double down on it, and stop starting from scratch all the time.

And that's literally what Marie has mastered.

So she's someone that I've always followed from the get go.

Is there anyone else?

I'm trying to think.

It's just that here's the thing, sometimes I don't think people are totally forthcoming

with their numbers.

I've been in the internet marketing space for a long time.

And sometimes I trust what I hear, and sometimes I don't, and sometimes people throw out numbers

and I'm like, yeah, but what's the profit margin on that?

So I always am a little bit unsure about what the numbers really are.

Talk about the affiliate strategy.

So what, because I think most people, if they're like, oh, I'm going to quit my first course,

they wouldn't think that, oh, I should be using affiliate strategy to explain what that

works and how big of a tool that is for you in your marketing.

Do you use that?

Do you even use that, Sean?

No.

Do you use affiliates?

So I have made millions in my own business being an affiliate for other people, but I've

also had affiliates sell my own courses.

And to me, I think it's one of the most powerful ways to build a business, at least supplement

your income if you have courses and memberships of your own.

So for, I think number one, I think 50-50 is what people should be offering.

I've seen a trend recently that it's gone down to like 30%, maybe 40%, 40-60.

I'm old school, so I really do believe the 50-50 model is the way to go.

And I think that if you find a course that either you've taken or you know your students

will get massive value from it, but you don't offer something like that, I think absolutely

adding an affiliate offer to the mix can supplement your revenue.

Like I have different streams of revenue.

One of my second biggest streams of revenue is being an affiliate for other people.

Who's your biggest affiliate?

So I, the most money, the most money I've made as an affiliate is through Marie Forleo's

B School.

That's why I'm really close to it.

And then Jenna Kutcher and Gabby Bernstein are huge and Stu McLaren, all three are huge

affiliates for my program, Digital Course Academy.

They do really, really, really well.

I think we need to do that, Sean, huh?

It makes a huge difference.

It's like a whole other stream of revenue.

How many people work at your company?

So we've got 20 full-time employees and then some contractors on the side.

Everyone's virtual.

We do a four-day work week.

And so we work Monday through Thursday.

And it feels like a big team.

Like I feel like that's a lot of people, but I know it's such a small business still.

Yeah.

I think that's a lot.

Why do you need so many people?

So we do, so I have three digital courses, one membership, and then we do a lot of affiliate

marketing.

So everybody is just stays in their lane.

And like I've got one person that's 100% focused on my podcast.

So that's all she does.

Podcast producer Kylie, you might talk to her, your team talk to her.

And so we have a lot of people in specialized roles.

Are you running the company and being the front person?

Or do you have someone help and run the company while you're focused on content?

Great question.

So for seven years, I've had a sidekick helping me run the company.

She's a CMO and recently transitioned out as a contractor.

So I'm running it more than I normally do.

When she's running marketing, I don't have my hands in all of that.

That's a lot of work.

Goddamn.

Right now it feels like a lot of work, but it won't, it doesn't always feel that way.

What's the name of your podcast?

So people who are listening can go check it out.

My podcast is online marketing made easy.

How big are you guys?

We've been, we've been, we're getting in a pissing contest, contest with John Lee Dumas.

I'm a little, like I'm jealous a little bit with Jenna.

Jenna Kutcher is totally magic, like she's got an amazing podcast.

How many downloads total do you guys have?

I think in December on the podcast platform, we had 1.3 or 1.3 maybe million on the podcast

platform and then like another 400 on YouTube, 400,000 on YouTube.

Just for the month?

Yeah.

Okay.

Well, that's huge.

We had a million in January.

That was our recent was a million in January.

Wow.

We've had just on, just on podcast players or like, uh, yes, yes, that's huge.

That's huge.

So we feel good about it.

We've had 35 million downloads.

Um, I used to not download twice a week changing to twice a week has changed things for us,

for sure.

I do a 15 minute one on Tuesday and a longer one on Thursday and that changed the game

for us.

So I'm glad we did that.

So your episode was once, was that once a week before that or once a week before December,

I think it was that we made the change.

So then you have way more downloads per rep.

So we get between 50 to 100,000 probably average.

We, we, we have three episodes a week sometimes.

So we're doing.

Holy cow.

That's awesome.

I think we even, we have four sometimes.

But so our, so our episodes, like the episode, the downloads per episode is the more important

metric.

I think.

That's the real metric.

It's not the one you brag about, but it's not, if you, if you actually want to grow,

that's the one you care about.

It sounds like yours is really big.

That's how you are also moving up in the charts.

I mean, I know that there's like, you can't know everything about that algorithm.

But one thing I've studied enough and I'm competitive enough to know that I'm not moving

up in the charts unless my week of downloads are strong.

And so you guys are doing better than I am because you're always above me in the charts.

I pay attention to those things.

So do we.

And anyone who says they don't, I think they're lying.

Oh, we, we totally do.

I take a lot of pride in the charcoal numbers, but it sounds like you get more downloads

per episode than us for sure.

Yeah.

Maybe in my back catalog, we do, we do a lot of promoting to our own community about our

podcast.

Like we embed it in a lot of things.

So we did something really cool in January where we had a quiz and basically you take

a quiz to figure out where you are in your entrepreneurial journey.

And then we gave you 10 episodes that are going to help you along that journey and that

blew up.

So you're smart.

Okay.

Gotcha.

You're smart and you do smart things and then you get good results.

I understand now, this is the secret.

Yeah.

We, uh, the, the, we'll wrap up a second.

The best promotion we did recently was we just announced that we're going to give $5,000

to some person who takes our clips and turns them into Tik Tok videos and gets popular

on Tik Tok.

And we got, I think 30 million impressions on Tik Tok in, uh, like 20 days.

That is incredible.

That is super smart.

That was the only smart thing we've ever done.

Who's idea was that one?

Neither of ours.

Ben's.

In fact, I literally called it a dumb ass idea and on air, Ben just popped up.

This is my chance to come back into the episode.

Yes.

It was my idea.

Shout out to MFM cuts who is, uh, killing it and, and there's many others.

I follow them all now on Tik Tok.

My Tik Tok feed is now just clips of myself and Sam, uh, you know, over and over again.

It's great.

That's awesome.

I'm going to check that out.

We, how do I find it?

Yeah, so here's what we did, but we screwed up or I screwed up.

So it's, uh, what was the hashtag Ben MFM shorts and MFM.

All right.

So if you go on Tik Tok and you search MFM clips with an S, you'll find it, but you'll

also find, because I read the, whatever we were announcing it.

I accidentally, one time I said clips with an S and then I said clip without an S. So

if you, if you search both of those words, you'll find, you'll find different ones.

And also if you just Google MFM clip, you're going to get porn because it stands for male,

female, male.

And so you'll get a whole different set of clips if you go to Google.

So that, you know, it's something for everybody over here.

We're very inclusive.

When I was just starting out, my name, I think it was my maiden name that I think about it.

It was a porn star.

What was your maiden name?

I was starting out a Ballard.

So I think it was someone named Amy Ballard was a porn star when I, uh, like 13 years

ago or something, and I was like mortified every time I searched my name.

There she was.

Oh yeah.

That's not familiar, Ben.

Is that ringerbell?

Yeah.

No comment, Ben.

Say no comment.

I see.

Yeah.

That's crazy.

Yeah.

That sucks.

Yeah.

It definitely sucks.

It's not an issue anymore.

I mean, I've got a new last name.

I used to file this guy on Twitter named Jeff F. Sine.

And so it could be worse.

No, I tweeted at that guy.

I was like, Oh, brutal name.

I mean, he got so mad at me.

I was like, you can't be, I can't be the first person to point this out to you.

Like, don't be mad at me.

I didn't do it to you.

Oh my gosh.

Well, thanks for coming on, Amy.

This is, this is awesome.

Yeah.

Thanks guys so much.

It's nice to talk to you.

And I know you guys are coming on to my podcast, so I'm looking forward to chatting

with you too.

Sounds good.

Take care.

All right.

Bye guys.

Bye.

Machine-generated transcript that may contain inaccuracies.

Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) sit down with Amy Porterfield (@AmyPorterfield) to talk about the courses business, her background working with Tony Robbins, and much more.
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Links:
* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
* Want more insights like MFM? Check out Shaan's newsletter.
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Show Notes:
(04:00) - What it's like working with Tony Robbins
(07:40) - What Amy has learned from other great marketers
(10:45) - People who are making a shocking amount from online courses
(19:30) - What podcast metrics to pay attention to
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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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