How To Grow Your Skool with Growth Boost | Skool News #61

Hello and welcome to school news. Here's so some growth boost updates. So first of all, what is growth boost? Uh we talked about this a lot last week. But basically school has been running ads on Instagram and Facebook to promote your communities and get you members, right? >> Yep. And we have been losing money doing this,

like 100% of the money we spend on this, we have lost. >> Yes. >> Um but now that and you know, if we keep going that way basically, we will run out of money. Traffic flow will stop. >> Sad. >> So in order for us to give you even more members, we introduced growth boost

feature where we get uh 30% commission if we get your customer. And this allows us to turn up the volume a lot and really give a lot of people a lot of members. >> Yep. >> And we think that's what people want. So that that is what the growth boost is. And an important point, like this is an

experiment, right? It might not work. And right now we're actually losing money on it. Um and you know, the reason why is the reason why the number problem for pretty much everyone is traffic and getting customers is cuz it's a really hard problem to solve. >> Yeah. >> Yeah. >> Like traffic isn't free.

>> Mhm. >> Um you know, you could say, "Oh, well, if I build a YouTube channel, it's free." Well, yeah, but it's going to take you a few years. >> Yeah, you pay with your time. >> Yeah. Years cost too, you know. Um and so it's an experiment. And right now we're optimizing everything.

Um we think we can make it work, but right now it's actually losing money. And in the background, we're optimizing a whole bunch of things, and we're scaling up as well. >> Nice. >> And really, we're just getting started with this. So, the results you have seen so far, it's honestly nothing compared to what