how much money can you make creating an online course

Full Answer

How much can I earn from my online course?

Your course could literally earn anywhere from nothing to upwards of $50K a month. Potential revenue from your online course depends on a number of factors: How much are you selling your course for?

Can you really make money selling online courses?

This makes selling online courses an excellent choice for any business owner wanting to share their knowledge and expertise with others. And, just about any topic or niche can be a money-maker for online course creators. You can also create online courses that are evergreen.

How to increase the value of your online course?

A very quick way to increase the value of your online course so you can make more money is by inviting guest instructors or experts to present. The goal of your online course is to educate the students and there’s no better person to offer guidance on a topic than an expert (other than yourself).

What is the online course earnings calculator and how does it work?

The Online Course Earnings Calculator lets you calculate your estimated earnings from your online courses based on the size of your audience, your conversion rate, and the price of your course. Are Online Courses Actually Profitable? The business of creating and selling online courses is booming worldwide.

Is creating an online course profitable?

Are Online Courses Profitable? Yes, they are. Online courses offer one of the best business models to digital entrepreneurs. The demand is rising and people are more than willing to pay for them, and they are one of the top ways to make money online.

How much should I charge to create an online course?

It can cost anywhere from $200 to $10,000 to create an online course. The main source of expenses is the labor involved, followed by the equipment and software. If you are creating the online course yourself and not paying someone else to do it, this means that other than your time there are very few expenses involved.

How much does it cost to create an eLearning course?

In 2021, 1 hour of learning content can take around 100 – 160 hours to create. In 2021, 1 hour of learning content can cost about $8,542 – $36,320 ($22,431 on average)....Wrapping Up.Year1 hour of eLearning content costs, $20208,150 – 36,205 (22,178 on average)20197,830 – 37,365 (22,598 on average)2 more rows•Jun 20, 2020

How many hours does it take to create an online course?

Depending on the duration and detail of the program, it can take anywhere between 25 – 500 hours to formulate an online course. A mini-course with just 4 or 5 videos you could develop it in a couple of days. An in-depth flagship course with numerous modules and assignments could take eight weeks or more to accomplish.

How to create a course?

An online course can do the following: 1 Enhance your online brand and presence as a whole. 2 Establish you as a thought leader and a credible source for new knowledge. 3 Create a loyal following of your current clients as the thirst for easy and more consumable information continues to grow. 4 Bring more opportunities for new, profitable ventures, providing free online courses to attract potential clients and online business leads.

Why are online courses important?

Online courses have come to fill in the gaps of knowledge. A lot of people seem to prefer the comfort and flexibility of their own homes, avoiding the complexities of commuting to physical classes. And this is perfect for the growing elearning industry. If you are not already selling an online course, you are missing out on a big opportunity.

Is online learning a good way to make money?

Yes, they are. Online courses offer one of the best business models to digital entrepreneurs. The demand is rising and people are more than willing to pay for them, and they are one of the top ways to make money online. This is a great piece of information to start with.

Is online learning profitable?

The market for online courses is big and profitable and it’s growing fast with the ever increasing demands of the knowledge driven economy. The global interest in lifelong learning and the development of professional skills has pushed the knowledge economy one step further. According to a 2020 research report on….

What goals should you set for yourself?

Before we begin, it's important that you first set some realistic expectations.

How much can you make by selling online courses?

Before we calculate how much you can make on online courses, you should understand the difference between revenue and profit. Revenue is how much money a business makes from its goods or services. Profit is how much the company keeps after all expenses are paid off.

How do you calculate the revenue of your online course?

The formula to figure out how much revenue an online course looks like this:

Is selling online courses profitable?

Let’s look at profit. Remember, this is what remains after business expenses have been paid:

How can I determine how much money my online course can make?

Earlier, I asked you to write down your monetary goal. What was that number?

How much do online course creators make?

Now that you know how to calculate how much you can make from creating and selling online courses, let me give you some data from real-life course creators who have turned their expertise into their full-time business.

What do you need to consider when making your online course?

Whenever you think about how much you can make from online courses, there are multiple variables you'll want to consider:

How Much Money Do Course Creators Make?

There are many inspiring stories of solopreneurs building life-changing income streams with online courses, and you can find such stories in almost all the niches.

The Key Factors Influencing Online Course Revenue

Several different factors influence your online course earnings, and we’ll discuss the most important ones in this section.

Online Course Earnings Calculator

We’ve built an earnings calculator that will help you estimate your revenue from your online course based on your course price, audience size, and conversion rate.

How to Maximize Your Online Course Revenue

Once your course is live and gaining traction, there are various steps you can take to maximize your revenue and earnings potential.

Frequently Asked Questions

Yes, it is. Selling online courses is one of the best business models that exist. Online learning is a booming market internationally, and more and more people are buying online courses to learn new things, making it a great opportunity for knowledgepreneurs.

Conclusion

As we saw in this article, many course creators make a full-time income with online courses. You can find many examples of creators making $10k or even $50k+ every month even though the average creator earning is much lower.

Cashing in on Expertise: Two Great Examples

John Azzi and Eliot Arntz earned more than $1 million in 2014 for their course on iOS 8 app development and its new Swift programming language.

What Could You Teach?

While the examples above focus on very technical topics, there are online courses on a wide variety of subjects.

Where to Host Your Course

After you decide on a topic for your course, the next question is where to host it. How will customers find out about it?