Built an entitlement course over nine months, six sales, no student result
Finished and buried this one, so here are the numbers.
I built a course on taking raw parcels through rezoning and preliminary plat in secondary markets. 14 modules, real submittal packages redacted, a spreadsheet that models carry through a 22 month approval timeline. Nine months of evenings. Out of pocket was about $14,200: $8,500 for an editor, $2,400 for a year of hosting and email, $1,900 on ads, the rest on a designer and a lawyer for the terms.
Launched at $1,450. Six sales. Two refunded. Net collected was $5,800. So I'm down about $8,400 in cash and nine months of evenings, and the tuition figure isn't the real loss.
The real loss is that not one of the four remaining students has anything to show. That's structural. A rezoning takes 12 to 26 months in the counties I know, and my longest student is seven months in with a staff report pending. So I have no testimonials, no case studies, no before and after, and no proof to put in front of buyer number seven. The course is correct and unsellable at the same time.
What I'd do differently: presell ten seats at $500 with a written outline and build nothing until eight of them paid. If eight won't pay for an outline, the market for a $1,450 entitlement course is a handful of people who found me by accident. I'd also have picked a topic where a student can produce a visible result in 60 days, even if that topic bores me.