So far, I've went over the cost of setting up my website. It was two parts: domain costs and hosting/building website.
The next cost I incurred was for some training on creating an online class. Currently, I teach as an adjunct instructor at our local community college. One of the classes I regularly teach is an online class, so I'm familiar with the format, but wanted just a little more training on how to create a course outside of the college's Blackboard Learning system. Plus I knew that teaching for college credit versus personal development/learning would be different, and I wanted some training from someone with experience.
I found my training with Amy Porterfield's class "Courses that Convert". I first heard of Amy Porterfield on a Entrepreneur on Fire podcast. I found great value in the interview, so I started listening to her podcast. Excellent, excellent podcast. Stuffed to the brim with practical, actionable content. I enjoyed Amy's teaching style, so it was pretty obvious when her course became available that I should take it. So that's what I did.
This is my largest expense so far coming in at $99 each month for 12 months. I could've saved a little by paying it all up front for $997, but I was still nervous about taking the course and just wasn't ready to commit to that large of a chunk right now. I could swallow the smaller amount for a longer time period as illogical as that may sound.
Income Statement
Revenues: $0
Expenses: $20.15
-Website Domain Purchase: $20.15
-Website Building/Hosting: $194.40
-Training: $1,188
P.S.
If you'd like to check out Amy Porterfield --> www.amyporterfield.com
If you'd like to check out John Lee Dumas of EoFire --> www.eofire.com
Both Podcasts are fantastic!