Hi All,
I am a PhD student currently studying engineering (just began year 1/4). I have just started uploading videos to Youtube, where there is a need on the market for engineering simulation tutorials. Here is my most recent video. It has 400 views after a month.
This is already a market for this kind of content, such as this youtube channel, but I think I could couple value skewing and sales funnels to create a profitable online course business, and I think I could do this over the course of my PhD, educating others on what skills I learn over the next 4 years as a student.
I also think there may be room for other courses such as getting a job as an engineer, writing CVs, improving your profile, getting experience, etc., all of which I have done before and which my friends and colleagues often ask me about.
What are peoples thought on this business model, is it fastlane?
My evaluation is:
Control: Youtube would be a big controller of advertising the content to sell courses, which is a shame, but getting my own website up ASAP will mitigate this reliance. Control seems moderate.
Entry: It is quite easy to start a Youtube, harder to start a website and build courses, and harder to get the experience and learn the information as an engineer (you cant be an average Joe, I have industry experience, and I worked my a$$ off to finish top of my class in undergrad!). I would say entry is moderate.
Need: There is a demand for this content. The channel I linked above has almost 40k subscribers, and uploads once a month. My video got 400 views in a month. My friends and colleagues are always asking me for help with simulations and career advice. I can sense a high need!
Time: If I can create courses that are solve passively, I will have passive income. Regular uploads would be required however to keep the business alive. Moderate time.
Scale: Online businesses will scale to every undergrad/graduate engineering programme all over the world. This has the ability to scale big!!
If anyone has any counter arguments against this being Fastlane, or agrees it is Fastlane, I would love to hear your two 'cents'
.
Cheers
Cillian
I am a PhD student currently studying engineering (just began year 1/4). I have just started uploading videos to Youtube, where there is a need on the market for engineering simulation tutorials. Here is my most recent video. It has 400 views after a month.
This is already a market for this kind of content, such as this youtube channel, but I think I could couple value skewing and sales funnels to create a profitable online course business, and I think I could do this over the course of my PhD, educating others on what skills I learn over the next 4 years as a student.
I also think there may be room for other courses such as getting a job as an engineer, writing CVs, improving your profile, getting experience, etc., all of which I have done before and which my friends and colleagues often ask me about.
What are peoples thought on this business model, is it fastlane?
My evaluation is:
Control: Youtube would be a big controller of advertising the content to sell courses, which is a shame, but getting my own website up ASAP will mitigate this reliance. Control seems moderate.
Entry: It is quite easy to start a Youtube, harder to start a website and build courses, and harder to get the experience and learn the information as an engineer (you cant be an average Joe, I have industry experience, and I worked my a$$ off to finish top of my class in undergrad!). I would say entry is moderate.
Need: There is a demand for this content. The channel I linked above has almost 40k subscribers, and uploads once a month. My video got 400 views in a month. My friends and colleagues are always asking me for help with simulations and career advice. I can sense a high need!
Time: If I can create courses that are solve passively, I will have passive income. Regular uploads would be required however to keep the business alive. Moderate time.
Scale: Online businesses will scale to every undergrad/graduate engineering programme all over the world. This has the ability to scale big!!
If anyone has any counter arguments against this being Fastlane, or agrees it is Fastlane, I would love to hear your two 'cents'
.Cheers
Cillian
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