When those of us at Teachable refer to a mini course, we define it as a short online course that takes two hours or less to complete. It covers a hyper-specific topic and is often used as a marketing growth tool. It might be repurposed content or it might be a unit from a larger online course. Examples:
The average Teachable course price is $179 (and higher for our top course creators). For a mini course, it makes sense to keep the price point lower to signify it isn’t a flagship course and presumably, took a little less time and resources to create.
Basic eCourse. Upon completion of an MSF eCourse, you will be able to print a completion certificate that is valid for 30 days. If you are taking an MSF eCourse as a requirement for enrolling in a hands-on training course, the eCourse must be completed within 30 days prior to the class start date.
What the creator is comfortable charging What the audience is willing/able to pay How the course compares to others in the same niche The final countdown before launching a mini course Consider this the mini course checklist every creator needs in order to go to market:
E-mini futures, especially the E-mini S&P 500 futures (ES) typically have the lowest day trading margins, $500 with some brokers. 4 That means the trader only needs $500 in the account (plus room for price fluctuations) to buy or sell one E-mini S&P 500 contract.
Contract SpecificationsMicro E-mini S&P 500Micro E-mini Nasdaq-100Contract Size$5 x S&P 500 Index$2 x Nasdaq-100 IndexTrading Hours and VenueCME Globex: Sun-Fri: 5pm to 4:00pmMinimum Tick/ Price FluctuationOutright 0.25 Index points0.25 Index pointsDollar Value of One Tick$1.25 per contract.$0.50 per contract.4 more rows
$50 per contractContract Specifications:Contract SymbolContract UnitPrice QuotationES$50 per contractdollars per contractTrading ExchangeTrading HoursTick ValueCME GLOBEX17:00 – 16:000.25 index points = $12.50
The ES futures contract has a multiplier of $50. Whereas, the Micro E-mini futures contract (MES) has a $5 multiplier – making it 1/10 the size of ES. The trader wants to hedge her delta exposure because the market has rallied since she purchased the call.
The E-mini moves in 0.25 point increments, and each one of those increments equates to $12.50 on one contract.
How Many E-mini Contracts Can I Trade? Theoretically, you can trade as many E-mini contracts as your account balance allows you. Because E-mini contracts are traded on margin ($500/contract) you can trade more contracts with less money.
Trading Hours Monday - Thursday 5:00 p.m. - 6:00 p.m. ET (4:00 p.m. - 5:00 p.m. CT) daily maintenance period.
The E-mini S&P 500 (ES) futures contract has a tick size of one-quarter of an index point. The dollar amount per move is $12.50, because the contract unit is $50.
S&P 500 E-Mini Sep '22 (ESU22)Barchart SymbolESTick Size0.25 points ($12.50 per contract)Margin/Maintenance$11,550/10,500Daily Limit7.0%, 13.0% and 20.0% decline below the Settlement Price of the preceding sessionContract Size$50 times Index8 more rows
0:002:05Micro E-Mini Futures Hedging - YouTubeYouTubeStart of suggested clipEnd of suggested clipHas a $5 multiplier. Making it one-tenth the size of the es. The trader wants to hedge her DeltaMoreHas a $5 multiplier. Making it one-tenth the size of the es. The trader wants to hedge her Delta exposure. Because since she purchased this call the market has rallied.
The Subscription is month-to-month in order to reduce risk for the customer, but it can also be paid yearly with a modest discount. In general, the Subscription fee scales with the Implementation fee, so larger Implementations will see larger Subscription fees. The typical Subscription is $1,500 - $2,500 per month.
BEST TRADING PLATFORMS FOR E-MINI FUTURESNinjaTrader.Tradovate.Optimus Futures.TD Ameritrade.Interactive Brokers.TradeStation.E*TRADE.
An E-mini is an electronically traded futures contract that is a fraction of the value of a corresponding standard futures contract . E-minis are predominantly traded on the Chicago Mercantile Exchange (CME) and are available on a wide range of indexes, such as the NASDAQ 100, S&P 500, S&P MidCap 400, and Russell 2000, commodities, and currencies .
The first E-mini contract—the E-mini S&P 500—began trading on Sept. 9, 1997. Its value was one-fifth that of the full-sized contract. 1. The E-mini made futures trading accessible to more traders. It quickly became a success, and today there are E-mini contracts that cover a variety of indexes, commodities, and currencies.
Because E-minis offer round-the-clock trading, low margin rates, volatility, liquidity, and greater affordability, they are ideal trading instruments for active traders. Perhaps the greatest advantage offered by E-minis is that investors can access the same futures contracts for a fraction, typically 1/5, of the price.
The daily settlement prices for the E-minis are essentially the same as those of the regular-sized contract , though they may differ slightly because of rounding (resulting from differences in the minimum tick sizes between the E-mini contracts and full-sized contracts). A position with five E-mini S&P 500 futures contracts—that each trade ...
As with any financial instrument, however, e-minis also have their downsides. For example, because of their round-the-clock and electronic trading component, the price of e-minis can move very quickly. The behavior of some e-mini traders seems to be more volatile than in other markets.
All futures strategies are possible with E-minis, including spread trading. And E-minis are now so popular that their trading volumes are significantly greater than those of full-sized futures contracts. In fact, the E-mini S&P 500 overtook its larger sibling in trading activity in 2009.
1. To build an online audience. For creators whose biggest concern is finding and growing an online audience, a mini course is an incredible tool for doing so, especially if offered for free and used as a lead magnet, or offered to students who pre-pay for the full course.
Choose a course topic. For those who have content already: A blogger, a YouTuber, a podcaster, an Instagrammer, etc. may have all the content needed to create a mini course and already have an audience. In this case, take a look at analytics to understand which topics may be good for a mini course.
One creator at Teachable, Deborah Niemann, published a mini course on copper deficiency in goats to support her brand The Thrifty Homesteader, which encompasses everything from saving seeds to making eco-friendly, handmade skincare, and household products.
Although Stefanie’s list is thorough, it’s still far too large for a mini course. The next step for any creator after making their list is to shrink that list even smaller. Here’s an example of a few mini courses Stefanie might teach based on her list: Editing Video on the iPhone with iMovie.