TLDR – Sell Your Knowledge: Verdict
It probably comes to no surprise to you that over the last 20 years, the internet has become a treasure trove for Entrepreneurs, Do-It-Yourselfers, and Stay-At-Home-Moms (SAHM).
They’ve been involved with online learning programs like:
- How To Become An Amazon Affiliate
- AirBnB Arbitrage
- Self Publishing
So, when Tai Lopez came out recently about setting up a test group showing people how to make money online selling educational products, I had a picture in my mind of an old man sleeping under a tree for 100 years.
Little did I know, he’s getting back to the basics because of issues like profit margins:
- The average Amazon seller has profit margins of about 10% and makes an average of about $1,000 per month.
- The average Affiliate Marketing makes between 5%-50% in commissions. but on cheap products…
- Self Publishers typically make 35%-70% from net sales. on books that are cheap.
So, when you look at numbers like these, you have to think that something had to have got lost in translation along the way.
| Area | Score | Description |
|---|---|---|
| Time Investment | 3.5/5 | Selling your knowledge online can take a good amount of time figuring out what you’re an expert at, creating the right content and developing a profitable marketing strategy. |
| Level of Control | 4/5 | When it’s your knowledge, you own it. You control what you teach, how to structure your training, who your target students are, and how much you’re going to charge. |
| Ease of Implementation | 3.7/5 | Creating the types of courses Tai Lopez suggests can be relatively easy to put together as long as you have the right tools. Also, using platforms like Udemy and Masterclass can help you reach the right customers. |
| Profit Potential | 4/5 | Selling digital products online has high profit margins and little overhead. Also, you have a global audience, so the key to creating sustainable income is providing high quality content that your audience will like. |
Which is one of the reasons that I’ve been doing Digital Leasing and seeing profit margins of 90%-95% for every digital asset that I create.
If this is something you would like to learn more about, check it now – but if you’re still wondering what Tai has to say, let’s take a look at who his test group is catering to.
Who Is Sell Your Knowledge For And Who It’s Not For?
Many people will come up to me asking if they should buy this course here or that training there, and I get it – they don’t want to waste their time on something that will just turn out to be a dud.
Most of the time, though, people don’t give themselves enough credit, and I say that because when you follow your gut, it’s nearly 100% correct.
I know Tai has had some issues in the past, but he’s still here, so he’s either doing something right or he’s the Teflon Don.
In any case, Sell Your Knowledge could be a fit if:
- You’re an expert in a certain field and believe you can make money with it.
- You know some people that you believe would make great partners.
- You’ve tried self-publishing before, but feel you need more direction. This Trustpilot user said the money he spent with Tai was well worth it.
Sell Your Knowledge might not be a good fit it:
- You don’t know where to begin and don’t get anxiety working with others.
- You’re not very tech savvy and you’re all thumbs at the keyboard.
- You’re afraid of getting scammed – this Reddit user purchased one of Tai’s programs for $97 but never got access and couldn’t get a refund.
Sell Your Knowledge Tai Lopez: 1,000 Ft View
Now, let’s take a step back and look at the type of business that Tai Lopez will be teaching you about in his test group.
The Business Model
The process for selling digital educational products online is relatively simple and can be broken down in about eight steps:
- Product Creation: Tai will show you how to create your product whether it be an ebook, webinar, video series, podcast, or software.
- Platform: Next, you’ll need to choose the right course platform to sell your product. You can either self-host or choose outlets like Udemy, Masterclass or Coursera.
- Price: Pricing can be critical and you may need to test it a few times to find the sweet spot, but typically it can be a one-time fee, subscription, or free for basic information and a premium for more advanced.
- Marketing and Sales: Tai will coach you on the best ways to build your strategy which can involve YouTube videos, Social Media (Facebook, Instagram, LinkedIn), Email marketing techniques, or Affiliate Marketing.
- Delivery and Access: You will need to provide access to your products typically in the form of a website login, pdf download, or app.
- Customer Support and Community: Creating a sense of community, engaging with students and offering feedback is crucial for a successful product.
- Updates: You want to keep your content relevant, especially if the subject matter evolves quickly.
- Scale: Ultimately, you want to grow your business by reaching a wider target audience, adding new products, and using technology for automation.
Who Is Tai Lopez?
Born in 1977, in Long Beach California, Tai Lopez is an entrepreneur, businessman, investor and partner in over 20 successful multi-million dollar companies.
He is most widely-known through his earlier “Here In My Garage” YouTube video where he talks about the brand new Lambo that he bought and the seven bookshelves full of books that he plans on reading.
Today, Tai still preaches his motto of “Health, Wealth, Love and Happiness”.
| Source | Link | Quote |
|---|---|---|
 | “DM me ‘money’ to get what I think is the best online business in 2023.” | |
 | “Everyone bows their knee to something bigger then themselves. The atheist and the religious both have this in common.” | |
 | YouTube | “Tai Lopez is an investor, partner, consultant, or advisor to over 20 multi-million dollar businesses.” |
How Much Does It Cost To Join The Tai Lopez Test Group?
You can get a three day run with Tai Lopez’s test group for $1, after that you can pay $7 per month or $59 per year.
Tai also offers a 30 day money-back guarantee if you’re not happy.
How Is Sell Your Knowledge Different From Other Similar Programs?
Contrary to popular belief, Tai doesn’t have the global marketplace cornered on digital educational or self-publishing courses. I’ve written many reviews on programs like that, here are a few:
- Fiction Profits Academy: Karla Marie teaches you to write fiction stories.
- Audio Income Academy: The Mikkelsen Twins show you how to create audiobooks.
- Publishing.com: Publishing your audiobooks on Audible.
My Personal Opinion Of Sell Your Knowledge
I don’t doubt that you can make a good deal of money online by selling digital educational products. In fact, Pearson Education saw their digital products have nearly doubled from 5.5 to 9.7 million units over 10 years.
However, is Tai Lopez the type of person that can teach you how to do this on a much smaller scale?
Here’s my checklist…
- Experience: Does Tai have a solid track record?
- Training: Is his training worth $59 per year?
- Honesty: Does Tai give you a cringey feeling?
- Mentorship: Will Tai be there when you have questions?
- Success Stories: Are any of his students successful?
Is Sell Your Knowledge A Scam?
I don’t think Sell Your Knowledge is a scam, my only concern would be if you are actually able to get into his test group (remember the guy who paid $97 and didn’t get access or a refund?).
Since it’s only $1, I guess you wouldn’t lose all that much to find out.
Now, publishing digital educational products isn’t all that difficult to do, but it can be time consuming and finding a niche to buy your products in such a competitive industry can be challenging.
The question you need to ask yourself is, how long do you want to wait to make money?
Then it’s just a matter of building more, which is very simple.
The best part is that you can do this business for anywhere you want:
- On an RV road trip
- A vacation condo in Maui
- A cabin in the Rockies
What’s Inside Sell Your Knowledge?
Inside Tai’s Sell Your Knowledge test group, you will learn:
- How Tai builds, launches and scales his own products and courses.
- How he partners with experts with specific knowledge and shares in the profits.
- His viral marketing tactics used to reach as many people as possible.
- How he reaches people on a personal level so they want to buy everything you have to teach.
My Final Thoughts On Sell Your Knowledge
Here’s the deal – I know that there’s been some positive and negative remarks made about Tai Lopez, so I won’t try to convince you one way or the other.
That being said, creating digital educational products CAN be lucrative so long as you can reach a large enough general market, or can corner a small niche.
It’s just that there’s just so many moving pieces with creating your product, deciding on the right platform, promotion, technology for scaling, etc… it can be easy to get lost in it all.
Which is why it’s just not my #1 pick.
My #1 Way To Make Money Online In 2024
I will agree with Tai Lopez that starting out you should choose a business model with higher profit margins because you’ll need that wiggle room as you’re going through your learning curve.
I just believe that Digital Leasing is your best move.
I’ll tell you why…
- Time: You can do this business in just a few hours per day starting out and then ramp up as you see success.
- Control: Once you get your digital leasing assets built, no one can take them from you.
- Cost: All you need to get started on your first digital leasing asset is about $100 and you could be profiting in under 30 days.
- Overhead: Your operating costs are just a fraction of your revenue with profit margins between 90%-95%.
- Duplication: Creating new digital leasing assets is as easy as pushing a few buttons on your keyboard and a couple clicks of your mouse.
- Helping Real People: With Digital Leasing, you’re lending a hand to real people in your community, like your local Mom & Pop business owner, and giving them the tools to grow their business and live a better life.
Ultimately, it’s your decision. You could keep looking for ways to make money online, or you could join a growing group of over 2,000 others who are living that dream.
If worry-free, semi-passive income is what you’re looking for – you should check out Digital Leasing now.
