Today, lets explore how to make money online with online classes through Udemy courses. If you've been struggling to find a way to generate some revenue through your blog or website content it may be time to explore Udemy. If you haven't heard of Udemy, it's an online education marketplace. Their mission is to help anyone learn anything no matter where they are in the world. However, before we go on there are also other alternatives to Udemy as well that include: (1) Coursera.org and (2) Edx.org as both have similar platforms.
With that said, you're probably wondering... "online classes" ? Yes.. maybe it's not the most exciting pitch on the subject of making money online but just hang in there with me for the sake of this post before you throw in the towel on this idea. Besides it's all about offering quality to your readers while making a little money too and that's definitely something to build on. Quite frankly that's exactly what Udemy does too by the way.
When it comes down to making money online, most of us think affiliate marketing. I mean that's the buzz word on the topic of revenue generation and there's nothing wrong with that. People make plenty of money with affiliate marketing. Beyond that, more than likely you're familiar with it too. Advertisers have a product in which you agree to publish that product or drive traffic to that product. This behavior leads to commissions that you earn for your efforts so it's a win win for both the advertiser and the publisher (e.g. you and a third party). The process conceptually sounds pretty easy and it sounds attractive as well. Promote a product and get compensated for doing so.
With that said, the hardest part about the process is driving traffic to what you're promoting and this could simply be because of the disconnect between what is being promoted and the user on the other end. Often times when you come across promotional items, chances are good that the publisher promoting the product doesn't really know much about it and it's there solely for the purpose of revenue generation. Don't get me wrong though.. this isn't in all cases, but it exists in many. On the other hand, I would like to discuss a different approach to generating revenue while providing value, because if there's one thing that I believe in is the value that you're giving to the audiences that you serve.
What I would like to offer up in this post is making money online by providing value to others in educating them through online classes. If you haven't heard of Udemy, this is an educational marketplace as I mentioned earlier. The quick and dirty of Udemy is that you develop your online class and you can set the cost of your class and as a premium instructor, make a commission off your class each time someone becomes a student in your class. There is no cap on the number of classes that you can start. Classes can be priced anywhere from under ten dollars to thousands of dollars.
On the topic of becoming a premium instructor, you have to apply for this if you intend to charge for your class. You may be wondering, well of course I want to charge for my class. There are many classes on Udemy that are free of charge. Nevertheless, with respect to becoming a premium instructor, the application isn't very involved.. in fact I am a premium instructor there as well. Once you've set up your bio, your Paypal account and agreed to their fine print, you can start to set prices for your classes. Udemy will give you a revshare of 50/50 regardless of the price of your class. If you agree to allow users to take your classes through use of their coupons then Udemy will provide you with a 100% commission. Be aware that Udemy promotions are heavy discounts on your classes. Users will be able to pick up your courses for as little as ten dollars. Given that reality, it may not be appealing to some that users can get your classes for the cost of a happy meal but consider this fact. Udemy is going to give you promotion and exposure that you are unlikely to get otherwise so my feeling about it is that even if they get my class for ten dollars on a coupon, the exposure is worth it and I'm still receiving a commission too.
If you're new to online courses and have reservations about how you start, what I would suggest is that you make a list of the types of content that you think you'd like to talk about that is related to your niche. When I say niche, I'm talking about what you know about. For instance with respect to my website, niches that I specialize in are: SEO, blogging, traffic generation etc. With that said, what is your niche ? Once you've got your niche established, then take a few classes in your niche on Udemy to see how the classes are structured. However, in addition to that, some insight that I can provide is that upon getting your classes together, you will have to complete a Udemy class roadmap. In this roadmap, some of the things that you will be required to do include deciding what you want your students to learn as a result of taking your class and outlining your curriculum. The curriculum part is interesting since you'll be giving your class "lectures" more or less. You decide what the title of each lecture is going to be. Keep in mind that you want to focus on value for the student so as you develop your class focus on quality. You are likely to receive positive reviews which will lead to acquiring more students for your class as a result of that focus.
Additionally, I would also search Udemy to see how much competition exists for what you are planning to write about. I would venture to say that the more classes that exist for the niche that you want to write about, the harder it will be to rise up the ranks for greater visibility. However, the focus that I will continue to reiterate on is that quality will help increase your credibility. Increasing your credibility will lead to more students taking an interest in taking your class and as a byproduct will result in greater revenue for you as well.
With that said, considering how often you, me, your audience and even my own are always on the search for more helpful information, it's a win win with Udemy. There are few things that make a person feel like they are contributing positively to any cause than to provide value in what they are doing and to receive a bonus on top. If you haven't thought about Udemy, maybe now is the time. Clicking on any page in this post will take you to Udemy.
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