u/michaelnovati replied · DELETED · archived copy ★ FEATURED
Other instructors feel exploited. So In your case - you do this program for 1 month and say have 30 people = $130,000 of revenue for Codesmith. What are they paying you? $100 an hour? And you are doing like 10-20 hours a week?
So you are responsible for making the curriculum, teaching it all, and you get paid like $10,000 a month and Codesmith made $130,000.
Even if they have a couple of other helpers (both technical and operations) and the total cost is $20,000. There are no other costs here, no career program, no alumni support, etc...
This means that Codesmith is exploiting your generosity to make $110,000 a month off of you, which is absurd.
Now imagine you ran a program entirely by yourself and started your own company, think of how much money you would make... you are effectively paying Codesmith $100,000 a month for the opportunity to 'pay them back for all they did for you'
And if you don't think you can do that and get those people or charge that much, then you aren't qualified to teach the program at Codesmith either - they are slapping their name onto something worth far less in that case.
So this is why Will has to be on the ground. The immersive has similar numbers. If he's not on the ground, the instructor feel exploited because Codesmith is making a ton of revenue off of them.
And if they tell you all of that revenue is being spent on marketing and operations, run for the hills... no program should be spending 90% of it's revenue on CAC and GA.