85 - How to Build an 80% Margin, $3M Online Trade School on 2 Hours/Day, with Hector Resendez

Nikonomics - The Economics of Small Business

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Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Hector Resendez (https://x.com/TS_Secrets) to explore his journey in building an online trade school that’s changing the way blue-collar trades are taught. Hector shares how he used VR goggles to provide immersive training for trades like HVAC and plumbing, all while leveraging federal grants to fund student education. We discuss how Hector scaled to $200,000+ per month in revenue with extremely high profit margins, the impact of WIOA grants, and how this innovative model is helping fill the skills gap in trade industries.
Questions this Episode Answers:

• How did Hector Resendez build an online trade school using VR goggles?
• What is WIOA, and how can entrepreneurs leverage government grants for business growth?
• How did Hector scale to $200,000 per month in revenue while keeping margins high?
• What are the challenges and opportunities in teaching trades like HVAC and plumbing online?
• How can entrepreneurs tap into the education sector with innovative training models?

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This week we covered:
00:00 Introduction to the Online Trade School Model
03:07 Understanding the Grant System and Its Impact
05:56 The Evolution of the Business Model
08:51 Customer Acquisition Strategies
11:48 Curriculum Development and Accreditation
15:02 Operational Insights and Business Growth
17:55 Challenges and Future Aspirations