| That's a marketing headline. A little clickbait-y. That's fine you're a marketing hustler after all. Let's break down your numbers: $99.75 in expenses (not counting time spent getting sales or building website) 5 total sales resulting in $450 of sales 108 hours of work done by you. We don't know how much time it took your brother to create the podcasts. Let's assume he didn't do the 6 podcasts perfectly in the first go. 30 days of total case study. $350 in "profit" Divide your profit by the hours you worked on it. $350/108 = $3.24 per hour. Now let's consider setting up the website was a one time cost so moving forward your operating expense is $30/month to host the website and the podcasts[edit] Let's take the hours your took to get the sales and divide those by the number of sales you got. 90/5 that comes to 18 hours per sale. Your average sale value was $450/5 = $90. Let's say your put a bare minimum hourly rate for your time of $10/hour that's $180 spent getting a $90 sale. Now unless you get more visibility and are super savvy in promoting your podcast your ROI just doesn't pan out. Let's see what your $1000 budget gets you in 3 months. Might be a good post to regenerate interest in your podcast. :) |
I totally am on board with back-of-the-envelope math, evaluating ROI, market size, etc. But come on. This was month #1, a good chunk of which was doing one-time tasks (figuring out what the hell the site would actually be, setting up the template, etc.)
If you want to fault him for something, fault him for the lack of market analysis to see if this idea really has some legs, besides citing someone else "making millions of a similar idea". E.g., a red flag was one decent sized advertiser telling him their ROI on podcast ads are not worth it.