How Much Can You Make Selling Online Courses?

Success Unscrambled Podcast

Melinda was excited because she found out that it was possible to generate income online by selling courses. However, she had lots of other questions that needed answers. The most obvious question is this. How much can you make selling online courses? The answer depends on several factors such as your niche, audience size, business model and competitiveness of your field. There are thousands of online course providers offering anything from basic English lessons to advanced programming skills. If you want to start earning some extra cash, then you should consider starting your own online course. The e-learning market is growing and is a great source of potential revenue. You can sell your courses through multiple platforms, including Udemy, Teachable, Skillshare, and CreativeLive. Each has its pros and cons, and you'll need to decide which suits your style and target audience. You can scale up as you go to reach more students and create additional courses to increase your potential revenue. In this post, you'll learn how much you can make from online course sales and other tips and tricks. Is It Possible To Earn Money Selling Online Courses? Yes, it is possible to sell online courses for profit. There are several ways to do this, such as through Amazon, Clickbank, Udemy, Teachable, Skillshare, and others. The key to making money from these platforms is to create high-quality courses that teach something valuable and useful. Your educational content should have real value. You can opt to create your course on a course creation platform or WordPress site and market it through social media ads or Google Ads. Great options for generating revenue if you do not already have a built-in audience to whom to sell your course. Another option for earning money from selling an online course is to utilize an online course marketplace like Udemy. Potential students visit these sites seeking out online courses which can reduce your marketing pressure. A downside might be the competitiveness of offerings and the low cost of courses on these sites. Additional marketing outside the platform and creating a stellar brand reputation is the best option for helping you manage these downsides. How Much Revenue Can You Expect From an Online Course? Income in the course creation field can vary widely. Course creators might make only a thousand dollars a year from a course while others might be raking in more than a hundred thousand dollars a year in passive income. Several factors go into what end of the spectrum you might find yourself on. 1. Marketing Effort First, how much effort you put into marketing your course is going to have a huge impact on how much return on investment you will see. To get people to purchase your course they need to see it and for them to see it you are probably going to need to show it to them in the form of an ad, social media post, Pinterest pin or blog post. Your advertising style and strategy are going to depend on factors personal to you but rest assured putting effort into marketing will pay off. Once people have found your online course you want them to go beyond browsing. The percentage of viewers who become students is your conversion rate. The higher your conversion rate the higher your revenue. Bear in might that the lowest acceptable conversion rate when it comes to online marketing is 1%. 2. Addressing the Pain One way to increase your conversion rate is to offer students value and a compelling reason to buy. They want to learn new skills via the online education industry. Your job is to make sure your digital courses appeal to them by offering value and quality. It's important that your course helps your students move away from pain and towards pleasure and that you address these points in your sales page copy. 3. Price Point The third factor that goes into determining how much you can make from selling online...