The online learning market is booming and so are the opportunities to earn money from it. In this blog post, you’ll learn how selling your online course can help you make money as fast as possible. You may have already realized that offering your own courses is a great opportunity to monetize an activity that is of interest to your community. But if you aren’t sure how or where to start, let me give you some tips on how to sell your online course and make money from e-learning sooner rather than later.Â
Selling Your Online Course for Money – What Are the Options? How much can you make selling an online course? Well, selling your e-learning course for money might seem like a daunting task at first. However, once you have identified your target audience and made sure that it can afford to pay for your content, it becomes much simpler. Here are 3 simple ways in which you can make money from your e-course as soon as possible…
Use Udemy for e-learning courses
Udemy is one of the most popular marketplaces to sell your online course. This website facilitates the exchange of learning content on the internet and connects millions of students and teachers across the globe. The website is free to use and users can upload their online e-learning courses.
Udemy’s royalties depend on your course’s success. In other words, the more people enroll in your course, the higher the payout will be. Udemy takes a cut from the course fee, 30% for the first year and then, it reduces to 20% for the next 3 years.
With an estimated Udemy royalty of $58.5 million in 2017 and an increase of 30% in 2018, this marketplace can help you make money from your course fast.
Take a Batch of Online Courses on Udemy
If you have a large number of online courses and are looking for an alternate revenue stream, Udemy could be your best bet. With its bulk course option, you can take a couple of your e-learning courses on Udemy and earn revenue from them.
You can opt to reduce the number of course lectures, add more hands-on activities, and create special versions of your content for this option.
Udemy has a maximum payout of $37,500 per course and you can earn a maximum of $3750 per course. With an estimated Udemy royalty of $58.5 million in 2017 and an increase of 30% in 2018, this marketplace can help you make money from your course fast.
Publish print or video course on Udemy
You can also monetize your Udemy-hosted e-learning courses by producing a print or video version of your content. Depending on the content and the comfort level of your customers, you can decide to publish your Udemy course in print or video format. You can either self-publish your Udemy course content or partner with a Udemy-approved course publisher.
Not only does publishing your Udemy-hosted course content in print or video format generate cash for you, but it can also extend the reach and recognition of your content. Depending on your audience’s preference, you can decide to publish a physical version of your course that includes printed slides and audio-visual content as well.
Use Earned Runway to Sell Your Online Course
If you want to earn money from your online course as soon as possible, then you can choose to sell your Udemy course on Earned Runway. As the name suggests, Earned Runway is a marketplace based on trust and reviews.
Users can choose to read the course reviews, watch and learn from the course lessons, and review the course instructor before deciding to purchase your Udemy course.
Selling your Udemy courses on Earned Runway can help you earn a huge amount of money with a minimal amount of effort. The marketplace charges a 5% commission on the course sale price and you get paid after the course gets 5 sales.
Conclusion
As you can see, there are a lot of ways to monetize your online course and earn money from e-learning. Before jumping into any of these methods, though, you’ll want to make sure that your course has demand and is relevant to a relevant audience. The same applies to your target audience — make sure you understand who they are and what they want.
Once you’ve done that, the best course of action is to identify your most lucrative monetization opportunity and start working towards making money from it. Whether that means creating a course, growing your audience, or using one of the methods mentioned above, there are plenty of ways to monetize your online course and earn money from e-learning.
