Depending just on your 7 am – 5 pm salary is dangerous. Shit happens. You can lose that only income source. It’s not good for you nor your family. You should always have a backup plan. An additional income source. No matter how small it is. But it’s always good to have money coming in from multiple sources.
If you’re working a 7 am – 5 pm job or own an agency, or you’re a freelancer. Basically, you’re selling time to make money. One of the simplest ways to create a new income source is to sell Online Course(s) on the platform. An online course can be a great way to make money. This is a great way to earn passive income because these courses are typically purchased over and over again by new customers.
If you already have some expertise in something, then creating an online course is a great option for you. It allows you to share your knowledge with others who may be interested in what you have to say and can also help them improve their lives.
As much as I’d love to tell you that creating an online course is a breeze, it is not. However, with the right planning and execution, creating a course can be easy and fun. In this blog post, I’m going to outline the Top 7 Tips For Creating Money Making Courses for the Beginners.
Determine your goals and audience
Before you think about structuring your online course, you need to know what you want to achieve with this project. What is your main goal? Do you want to sell courses online? Do you want to share knowledge with others? Or maybe make more money?
The purpose of creating a course should be clear for you from the very beginning. It will determine your further actions and help you create a successful course that brings profits.
Identify your topic and content pillars
Once you know your audience, it’s time to start thinking about the topic of the course and its structure. You should make a list of topics that interest you the most or give great value to the people who will take it. You don’t have to teach everything about a subject; choose a specific topic or problem that your students want solved.
Decide what type of course you want to create
There are different types of courses that people can take: live or pre-recorded. If this is your first time creating a course, I suggest you opt for a pre-recorded one. But if you want more interaction with the students, select live classes.
- Pre-recorded classes are videos that are already made and uploaded into a learning platform like Flairlearn, Teachable or Udemy.
- Live classes, on the other hand, allow students to interact with each other and can be done on Zoom, Google meet or other platform that allow streaming.
Choose a Pricing Option
You also need to decide on the pricing option you want for your course. This will depend on the topic and the level of experience you have in the subject matter. You should also take into consideration if you will be charging a monthly fee or one lump sum amount. Once you have decided on this, then decide how much work will go into creating the course and how long it will take you to finish it.
Pick a Learning Platform
There are many platforms available today that allow you to create and sell your own online course. Some of these include Flairlearn, Udemy, Udacity, Coursera, EdX, Khan Academy and many more. The best way to determine which platform is right for you is by doing some research on each one and deciding which one offers what features and benefits for you personally.
Create and Launch your online course
After following all the tips, the next is to Create and launch your top-notch online course. You can earn a lot of money from your online course by selling it to a global audience because your online course has no geographical boundaries.
Make sure your course includes actionable steps to help people achieve their goals (or whatever it is that you are teaching them to do).
Make sure the content of your course is clear and concise. Short videos or written content broken down into bite-sized chunks will make it easier for people to digest and will hold their interest.
Market your Online Course
Make sure you have an effective marketing plan in place (this includes having a good idea of how much time and money you will need to spend before seeing results). Getting your first few students is the most difficult part of launching an online course. And the best way to get your first few students is simple: offer a discount.
In fact, I recommend that you don’t even create your full course just yet! Instead, start by finding out what your audience wants.
Create a quick 3-5 video overview of what you’re going to cover in the course, and then sell it at a discounted price (say $10). Then, once you’ve sold those 20 spots (for example), create the full course and deliver it over 30 days or so.
I hope that this guide has helped you to understand a little more about what to consider when creating an online course. Ultimately, though, I don’t want to end up painting a bleak picture of the process. Creating your own online course is a rewarding endeavour, and thanks to platforms like Udemy, Teachable, and Flairlearn (my own platform), it’s now easier than ever. It’s just significant that you know where the difficulties may lie so that you can try and minimize them as much as possible. More essential, I hope that this guide will help educate those out there who are perhaps unknowingly passing on inaccurate information, or who are too new themselves to really know what they’re talking about.
What are your thoughts on online courses? Are they a good way to generate some passive income? Do you think you’ll ever be creating your own in the future? Let me know in the comments below!