Here is how to make money with Skool.

If you have been anywhere on the internet in the last 90 days you may have heard everyone talking about a new platform called Skool. Skool is a platform that enables you to build community, monetize your audience, sell courses, and more. All of this can be a little bit overwhelming, and you might be wondering how you can make money with it yourself.

In this post, I am going to cover 3 different ways that I am actively making money will Skool and looking to invest heavier into over the next 12 months at a minimum.

If you are new to my blog, welcome. I am David Schlais and I am a professional internet marketer and have been making money online over the last 8 years. I run a 7-figure social media marketing agency using nothing more than my laptop as my main business, and have also made a few million dollars online through other channels like my online courses, YouTube, and affiliate marketing, and other tactics.

I only talk about things I am doing or have done myself, and value the trust that you give me as a reader on my blog. If you feel like I deliver on my goal of helping you grow your health, wealth, or personal development - head to the bottom of this post and sign up for my free Newsletter.

Skool monetization strategy 1 - Free Community

The first way that I am currently making money with Skool, and the most profitable so far is by actually hosting a free community on the Skool platform.

Put simply, I have built a community on Skool that is free to join that is at hundreds of members and counting. The goal of this group is to build a community that I can stay in front of, build trust with, and have as an audience any time that I have something to sell them.

You can also tap this link right HERE that will give you a free 14 day trial of Skool so you can follow along with what I talk about in this post.

Skool communities are basically super easy to use Facebook groups. I am guessing that you may have joined Facebook groups in the past - either to find a community around a hobby of yours or maybe you purchased an online course or something and got access to a private community.

Skool is basically taking that to another level, and thankfully it takes it off of Facebook and their disorganized feed so that people actually see the things that you post.

Here we can see the message board style feed, where we have hundreds of members posting things that we can engage with.

The whole strategy behind building and monetizing Skool in this way is for one thing only - to create what is called an owned audience and build a community. If you have a youtube channel, social media following, blog, whatever - you are generating what is called organic traffic.

There is immense value in converting that value to what is called an "owned audience."

In simple terms, if someone joins your community, you now basically able to stay in front of them on an ongoing basis. They will get Skool alerts to their inbox updating them on activity throughout the day and week - and you can also send out an email blast to everyone in your community at once with the click of a button - which is really cool.

As an example - for my YouTube channel - every time I post a video, I can let people know to join my community. They move from YouTube where the algorithm decides whether they should see my content again over to Skool, where i can continue showing up with value and let them know with an email blast on an ongoing basis.

I can even let them know about the next time that I post a video and move them back over to Youtube.

Since they are an owned audience, I can let them know about products I release, things I launch, whatever and know that they are seeing it.

If you watched my last video on how I made $1,000,000 selling information products, a big part of this has to do with my Skool community and building trust with them through that.

With this strategy, while the Skool community itself isn’t directly making me money, the strategy is.

How To Make Money With Skool Part Two: Paid Skool Group

Now this is probably the strategy that most people are familiar with when it comes the Skool model, and really how Skool was initially built.

Put simply, people join this group on a monthly subscription in exchange for access. In order to join, they input their payment information when they join and are put on a monthly recurring subscription kind of like Netflix.

Now, I see immense potential in this model, but this is one that I am still actively building, as we literally just launched our paid group here. Right now we have 7 members in there and our monthly price is $47 per month. so you do the math, I am sure that some people reading this post would love to be at that per month -  but this is something that I am actively looking to build into a more profitable model on my time.

There are a lot of ways that you can convey value in here from doing live streams / meetings / meet ups to having courses, or exclusive content that they need to join in order to have access to.

How To Make Money With Skool Part 3: Affiliate marketing the platform

The last way that that I am currently making money with Skool is actually through their affiliate program.

If you have never heard the term “affiliate” before, this basically means that they compensate people that refer others to their software.

Now before you start getting upset here, it’s important to note that almost everything on the internet is an affiliate program. Amazon has one of the biggest affiliate programs on planet earth, as does Walmart.

Most softwares that you use, credit cards, and even bank accounts that you use have affiliate programs - so it is incredibly common. While some people make full time incomes off of being affiliates, I only sign up for affiliate programs for things that I am actively using myself - like Skool.

Here is a screengrab from my affiliate earnings through Skool as of the time of this posting:

As of the publishing of this video, we have worked our way up to $1300 in total referral payments, and our monthly recurring affiliate earnings are at about $500 per month right now.

While this is definitely not life changing money, I am sure a lot of you watching this could use another $500 per month - and I have never talked to any of these people, nor do I need to do anything to continue collecting a check every month so long as they say members of Skool.

We also haven’t really been investing a ton into growing this, and a lot of this has come from people that have organically found our Skool community and started their own communities from there.

Let me show you how this works super quick. Right here you can see my affiliate link.

I can copy this, paste it anywhere on the internet, and when someone clicks it, if they sign up for Skool, I have the potential to make 40% of their Skool membership on an ongoing basis.

The key here is that you can’t just be spamming this link everywhere, so you need a strategy on how you plan on getting people to have eyes on your link / content in order for this strategy to work.

Again, I see immense potential in this strategy and it has already started to work for me, but we are still just getting started and need to scale this out further from where we are at today.

There has never been a better time to get started on Skool and to start making money with your own community or any of the strategies that I have outlined in this post. Grab a trial here and start experimenting!

If you haven't already, hit me with a follow over on YouTube, I am sharing video's every single week to help you making money with nothing other than your laptop.