S.1 E.5 The Truth About Online Businesses & Courses

In this conversation, Nicole Renee and Deanna Seymour discuss the misconceptions surrounding online business success, the pressure to create high-priced courses, the challenges faced by new entrepreneurs, and the need for a more realistic understanding of the online business landscape. 

They emphasize the importance of skepticism and due diligence when considering purchasing online courses or programs and outline the potential red flags that motivate you to buy them. 

They explore the reality behind testimonials and the significance of business models that prioritize genuine interaction, advocating for a more thoughtful and collaborative approach to doing business.

Takeaways

• Online business can be lucrative, but success is not guaranteed.
• Many entrepreneurs overestimate their potential earnings.
• The online business world often advertises unrealistic results.
• Profit is more important than revenue; expenses matter.
• Courses often promise more than they deliver.
• Accountability is lacking in the online business community.
• Passive income is a myth; work is still required.
• Financial awareness is crucial for business owners.
• Success takes time and effort, not just a good idea. 
• Not everyone can afford to start a business without support.
• Many businesses fail due to unrealistic expectations of quick profits.
• The idea of 'charging what you're worth' can be misleading.
• There is immense pressure to create high-priced courses in the online space.
• Consumers need to be aware of manipulative marketing tactics.
• Red flags include high-pressure sales tactics and inflated testimonials.
• It's important to critically evaluate the value of online courses.
• Building community can be more beneficial than traditional courses.
• Quality control in communities fosters trust and accountability.
• Not all courses are bad; discernment is essential.

About Deanna Seymour:

Deanna Seymour is the founder of The Playhouse, a grassroots business-building collective where creative solopreneurs find their people and grow through genuine connection, not constant content creation. Through virtual coworking sessions, pop-up networking parties, and collaborative opportunities, she’s helping entrepreneurs build sustainable businesses their way, without the pressure to hustle 24/7 or be everywhere online. When she’s not revolutionizing how online business owners connect, you’ll find her working on something crafty or catching up on her favorite Bravo shows!

Find Deanna at: deannaseymour.com; jointheplayhouse.com; instagram.com/thedeannaseymour

Keywords

online business, entrepreneurship, revenue, profit, passive income, financial awareness, online courses, accountability, business success, work-life balance, online business, pricing strategies, consumer awareness, course creation, entrepreneurship, business ethics, financial pressure, marketing tactics, success misconceptions, value perception, online courses, skepticism, testimonials, community, business models, red flags, due diligence, learning, entrepreneurship, networking