Skool offers several ways for creators to monetize their communities and content. Here are some key strategies to make money on Skool:
Create a Paid Community
One of the primary ways to generate income on Skool is by creating a paid community:
– Start with a free community to build an audience and provide value[1][3].
– Once you’ve established trust and demonstrated value, launch a paid community with premium content[3].
– Charge a monthly subscription fee (e.g. $100/month) for access to exclusive content, weekly Q&A calls, courses, and personal feedback[3].
Offer Coaching Services
Leverage your expertise to provide one-on-one coaching:
– Offer coaching sessions to your community members[3].
– Set your rates (e.g. $500/hour) based on your experience and the value you provide[3].
– Even just 5 hours of coaching per week can generate significant income[3].
Utilize Skool’s Monetization Features
Skool has built-in tools to help creators monetize their content:
– One-click purchasing for seamless transactions[5].
– Dashboard to track paid members and monthly recurring revenue[5].
– Ability to offer instant access to paid content[5].
Affiliate Program
Skool offers an affiliate program that can be an additional source of income:
– Earn a 40% commission on the monthly cost when new users create a community through your referral[1].
– Encourage your members to create their own communities to benefit from this program[1].
Create and Sell Digital Products
Use your Skool community as a platform to sell digital products:
– Develop courses, ebooks, or other resources related to your niche[4].
– Offer these products exclusively to your community members or as upsells.
Gradual Monetization Approach
Consider a step-by-step approach to monetization:
1. Start with a free community to build your audience[4].
2. Consistently provide value through regular content and engagement[4].
3. Survey your members to gauge their willingness to pay for premium content[4].
4. Gradually introduce paid offerings as you continue to add more value[4].
Remember, the key to success on Skool is providing genuine value to your community. Focus on creating high-quality content, engaging with your members, and solving real problems in your niche. As you build trust and demonstrate expertise, monetization opportunities will naturally follow.
Authors Update
Skool works by building trust first, then turning the audience into fans who buy later
Citations:
[1] https://www.skool.com/community/how-do-you-make-money-on-skool
[2] https://www.skool.com/community/how-i-make-113598-per-month-with-skool
[3] https://www.reddit.com/r/SkoolGame/comments/1ajcg1v/0_10000_per_month_with_skool_no_bs_guide/
[4] https://www.skool.com/community/how-to-make-money-with-a-free-skool-community
[5] https://www.youtube.com/watch?v=9xabaBzplMk
[6] https://www.skool.com/community?c=84b98b4d242947d18790295b28374625