Featured here is an absolutely incredible opportunity.
This digital marketing school has found quite a bit of success for themselves and so far is only operating within the Spanish language market. Signing up student after student and earning huge revenue through an affiliate set up with 2 major hosting companies, they are making nearly $150,000 in monthly profit, have over 2.4 million people on their email list, 600,000 social media followers, and see no reason to slow down.
Watch the video below to learn a bit more about the business.
Tell us a little about yourself. What’s your background? How did you start with this concept?
I studied Business Administration, but I never worked in that field. After I finished university, I discovered affiliate marketing and I began to create online businesses.
I decided to start this particular company after a very frustrating experience. I paid $6,500 USD for a “digital marketing mastery” program at one of the top universities of my country. It was so bad. There was such little content. It was so far from reality. I felt almost as if I had been scammed. That’s when I thought, “my god, how can be people paying $6,500 for this…I can make it better!”
And thats how I decided to start the Neetwork Business School. Because I knew that I could create better courses, 100 times cheaper.
What does the team look like? Are these full time, salaried employees? Virtual assistants? A mix? And are they all ready to come along with the acquisition?
We are a team of 14 people. All of us work from home. Most of us are full time, but 2 or 3 are part time and we are located in Colombia, Mexico, Venezuela and Bulgaria.
Of course, the whole team, besides myself, would love to continue working for Neetwork after the acquisition. In fact, the best option for the new buyer is that all of them stay in the business because they know how to solve absolutely everything.
Are you creating the educational materials yourselves or is this outsourced?
The main Digital Marketing Mastery was created by ourselves. But all the other 40 courses available in our campus is outsourced to top teachers. We have courses created by university teachers of Colombia, Argentina, Bolivia, etc.
Amazing that your revenue comes from just 2 primary affiliates. Have you ever considered other monetization opportunities?
Of course! In fact, we have a little “upsell” that is to upgrade from premium to VIP student and that costs $25, paid directly to us, not affiliate marketing. We generated around 70K net profit with that.
We are also starting to develop little digital marketing software that we sell to our students.
For example we are going to start to sell a social notifications software, the new buyer will also receive it.
How much time does it take you, as the owner, to run this business?
If I didn’t want to grow the business more… I could dedicate ZERO hours.
I have been training an employee over the past 2 years that is able to manage all the relevant tasks.
But of course, I dedicate time to the business because I continue looking for ways to grow.
I dedicate around 2 hours per day to analyze Facebook Ads statistics, email statistics, search new traffic sources, optimize pages, etc.
I just work in things that could have a dramatic increase in the performance of the business. Things that if I’m able to achieve will 2X or 3X the profits.
What are the largest opportunities for a new owner to continue the growth trajectory for this business?
Basically that there is not roof for this business.
We target 140 Million people. (It could be even 200 Million)
At this moment we are able to reach a net profit of more than $250k in a single month, this happens during the months that we are able to scale a lot with Facebook Ads, spending around $90K in ads.
We are trying to find a way to spend $90K per month in Facebook Ads in a stable way. If the new owner is able to achieve this, they will be earning $2.5 to $3 million net profit per year.
And who says that $90K is the top of the ad spend? Maybe its possible to go up to $200K per month and achieve even greater profits
I really believe that this business has a potential of $5million net profit per year.