Selling courses are growing extensively in the online industry and in upcoming years, it is expected to reach up to $240 Billion.
BOOM!!!!! $240 Billion, it sounds like a myth, but it is dam true because till 2016 it has already crossed $165 Billion.
There are several websites, blogs, apps are willing to associate with any courses offered online. It is the best way to earn by giving knowledge by crafting it into courses. It turns it into source of getting passive income too.
And here you will figure out.......
Why you should choose online courses to sell ?
- By making your courses available for selling at online market, you will get payments from worldwide.
- It is in trend to invest in e-learning courses, so you will definitely find an online merchant (company) who is willing to accept online courses from you.
- If you are blogger then you can earn benefit to get into the online courses in your niche.
- You can share what you have best learned.
- If you have written a whole book on a specific course then an author get upto 15% on every dollar made on his/her book.
- And, you will keep earning revenues once the audience purchases it, whether they complete it and not using for further work but it will work for you.
There are several ways to get paid for your online course:
- Bank transfers
- Cash payments
- Exchange of services
How does, one can choose a proper course and working on it?
It is not so easy to craft a course. You will need to discover that what kind of courses people or merchants are looking-for and willing to buy online. And then you need to give proper time to do deep research to create a course as per demand at online.
After crafting a course, you can make money online by selling it online. And Of course I want to point out this also.... That is, if you are not a course creator, but you have expertise power to sell or affiliate other's course in your blog/ website, then you can make money by taking commissions over those courses.
Now here we go.....
I will guide you a list through which you come to know about the best ways to make money by selling online courses and free platforms to publish and sell online courses.
I found two categories to earn money by selling online courses :
1) Earn money by Promoting Online Courses
2) Make money by Teaching online courses
1. Earn money by Promoting Online Courses
When there is something about promoting online, the first thing in mind come is Affiliate Marketing. It is the best way to promote any product as like Online Courses. And with affiliate programs, online courses get better to reach out at more audience and earn more profit in income.
Here I list some best affiliate programs that will definitely increase income by promoting courses online :
CreativeLive is an e-learning platform. It provides a video course platform to teach and learn .
It focuses on following topics to spread more knowledge about -
- Career,
- Entrepreneurship,
- Creativity in photography,
- Social media marketing,
- Money making, and more.
It allows you free broadcasting of your courses and online classes to a worldwide audience.
It provides free online courses too, If you refer students to this free course you will earn $1 per student and further upcoming revenue for purchasing on CreativeLive. You can earn commission by referring genuine customers who are looking for creative courses.
If you are affiliated their courses to promote, it will give you $10 per affiliate. It offers a 20% commission on purchasing by the new customer.
And for purchase made via returning customer, it will offer 10% commission. It will pay $1 per lead for every new member registration through affiliates. Their payment method is ShareASale, when you reach $50 through Direct Transfer it will pay you through Payoneer (US service ) or cheque.
Udemy is an e-learning platform. It helps you in creating courses, and for that there are tools for creating, promoting courses and earn money. It hosts courses related to knowledge, job skills, entrepreneurship, management, programming and many more in different languages.
As an affiliate, you can earn 50%, and remaining 50% will go to the Udemy itself and the course provider. It offers 40%-50% commission per sale. It's starting rate is from $7.50 to $400 in commissions.
Through LinkShare, you can promote their online courses via the affiliate program. LinkShare pays you when your earning reach at $50 in the account balance. But Linkshare works in their selected countries. For international affiliates, Udemy choose Paypal and check as their payment method.
ShareASale is an affiliate marketing network. It provides you online courses to promote and earn commission per sale. For selling courses via ShareASale, Signup and look for merchants under the category 'education'. They pay through Payoneer, and via Cheque when your earning reach $50 in your account balance.
Also Read: How I Made $1400 with ShareAsale Affiliate ProgramThere will be always some online course, certified tech-online course you have tried and learn from. Now you would start promoting those online courses, whether you create it or not, by joining above listed affiliate programs.
These programs always make out affiliate commissions to you, whenever someone buys a course from your referral links.
2) Make money by Teaching online courses
If you are good at researching, learning and writing content then surely you can create courses too, that'll make even more money by selling courses created by own.
And if you placed your course in the online market, then the merchant will pay you a higher revenue share. In very initial days of setting up the technicality in selling the online course, you will need to buy hosting, plugins, SSL certificates, themes etc.
But to ease your way and save your money, there are some platforms available to do all hard setups for making it fruitfull for you.
Teachable is a distance educational site that delivers MOOCs (Massive Open Online Courses). And here users can sell their course for free. Although it acquires both free and paid courses.
There are lots of features handled by Teachable in one place are as follows:
- Hosting of your courses,
- All payments related processing,
- Pricing rates,
- Branding,
- Student data.
Their setup of a custom domain allows you to build a website of your course and add your own logo to brand your course.
The seller (creator) of course set commission rate on his/ her own terms. Suppose if you the seller set 25% as a commission rate for your course priced $10.00, then the affiliate will get $2.50 for each sale they make.
Their payment methods are PayPal and ACH.
It is an e-learning platform and with Udemy, you can create and start selling your own online courses easily.
There are lots of features handled by Udemy as follows:
- Hosting courses,
- Handle photos of the courses,
- Handle videos of the courses,
- Promoting courses and
- Collecting payment from customers.
You will get 50% to 100% of sales revenue,
Revenue depends on who is promoted your courses. If you are promoting your own courses and make a sale, you will get 100%. If Udemy or any other affiliate promote it and make a sale, you get 50 to 75% of the sales revenue.
So, it is always a win-win situation for you with Udemy because there is nothing to lose.
GumRoad is a free platform to make a sell of your course, e-books, video courses and music at online market.
There are lots of features handled by GumRoad as follows:
- Host files,
- Give you options to pre-launch,
- Send automated emails and
- Collect payments for you.
It is a free platform, although they upgrade their system to paid plans only.
It will pay you minimum $10 per month.
Here we have done listing!!!
Also Read:Over Toy You : How to Make Money Selling Online Courses
So these all are the tactics to build income online by selling online courses. Now it's up to your decision to choose. Create them and make money online Or Just promote them and make money online. It is a trendy way to educate people by offering courses online and making cash too.