how to pay for online course

1. Free. Offering a free course can work for your benefit as it can generate leads for expensive courses or be a way to showcase your expertise.
2. Basic One-Off Payments. Having a set pricing strategy with full access to the course upon payment is the simplest and most straightforward way to offer an online course.
3. Subscriptions. With subscriptions, you offer your students more payment options (e.g., PayPal, credit card) and you ensure that you get a monthly/weekly recurring income that you can rely on.
4. Premium. For the premium course. you can charge your customers more and consider using payment plans (installments) where you can either pay once or pay for up to six ...

Full Answer

How much should I pay for an online course?

Payment plans are offered for roughly every one out of five online courses. We recommend them for courses greater than or equal to $99. Aim to grow your course portfolio over time. The median value of courses for creators is 6. The truth probably lies just north and south of that, so don’t compare yourself into joylessness.

Can you really make money by selling online courses?

Creating and selling online courses can offer you a passive income stream. You only have to create a course once, and then you can sell it over and over. Additionally, because your course is online, you can have students from all over the world, in any time zone, without any additional effort.

How do I get Started with online courses?

Invest in your expertise: if there is a subject that you think you ‘own’ and have expert knowledge on, that could be an excellent place to start. Sharing your expertise, especially if it is for a highly valued niche subject, is the best way to start with online courses.

How to increase the price of your online courses?

Offer a payment plan: introducing a higher price isn’t the best scenario for students, but offering a payment plan gives them an extra option. In this perspective, it offers the chance to your customers to spread the cost of a course over an extended period of time rather pay it up-front.

How do I pay for online courses?

How to create an online courseChoose the right subject matter.Test your idea.Research the topic extensively.Write a course outline.Create the course content.Bring your course online.Sell your online course.Market your content.More items...•

Is it worth paying for an online course?

Online courses offer unparalleled flexibility, particularly for undergraduate students trying to learn a new skill outside of their major or working professionals already juggling a full-time job. You can complete coursework when it's convenient for you, whether that's after work or during your lunch break.

How much do online courses usually cost?

Each university online course cost around $300 or $400 per credit hour. On top of that, several classes had application fees in the $30-$50 range. Others had "online course" fees or "technology fees, presumably to pay for the learning management systems and other kinds of computer-related infrastructure.

How do people afford online college?

Then, you might consider applying for financial aid, including private scholarships and federal grants and loans.Attend a nonprofit school. ... Cross-check the price of your online degree with the cost of a traditional degree program. ... Drop any extraneous courses before the drop date. ... Apply for federal financial aid.More items...

Can I put online courses on my CV?

We recommend listing online courses in the Certifications or Professional Development sections on your CV. Some people list online courses in the Education section. We don't recommend doing so because it can detract attention from your degree programs, which you should highlight more prominently.

What are the disadvantages of online classes?

Disadvantages of Online LearningOnline Learning May Create a Sense of Isolation. Everyone learns in their own manner. ... Online Learning Requires Self-Discipline. ... Online Learning Requires Additional Training for Instructors. ... Online Classes Are Prone to Technical Issues. ... Online Learning means more screen-time.

Why are online classes expensive?

The three main reasons for higher online tuition were, in order, “Added costs of online instruction and support services,” the “Added cost of online course and program development,” and “Added costs of online program marketing.”

Why are online classes cheaper?

Online schools They do not have thousands of support staff and personnel to pay each month. This allows online colleges and universities to offer cheaper tuition rates compared to traditional brick-and-mortar colleges and universities.

How much cheaper is online learning?

Report Highlights. For public 4 year colleges, when tuition and the cost of attendance are compared between an online degree and an in-person degree, the online degree is $10,776 cheaper. Private institutions on average charge $58,560 for an online degree vs $148,800 for an in-person degree.

How can I pay for college with no money?

How to pay for college with no moneyIdentify schools that are or almost tuition-free.Apply for federal and state grants.Seek out merit-based scholarships.Ask for help.Trim your academic expenses.Consider federal and private loans.

What is the best way to pay for college?

Some types of financial aid are better than others, so use the following advice in this order:Fill out the FAFSA. ... Search for scholarships. ... Choose an affordable school. ... Use grants if you qualify. ... Get a work-study job. ... Tap your savings. ... Take out federal loans if you have to. ... Borrow private loans as a last resort.

How can I lower my tuition costs?

10 Ways to Reduce College CostsConsider dual enrollment. ... Start off at a community college. ... Compare your housing options. ... Choose the right meal plan. ... Don't buy new textbooks. ... Earn money while in school. ... Explore all of your aid options. ... Be responsible with your student loans.More items...

Do My Online Course For Me!

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How it all adds up

A bad pun notwithstanding, these are the most important insights into our data analysis, outside of the data itself:

About the author

Lauren Cochran is the Director of Content for Podia, an all-in-one platform where online courses, digital downloads, and communities scale with their creators. Ironically, she gets tongue-tied talking about herself, and can usually be found with a to-do list in hand.

What is quality online courses?

Quality online courses usually offer students a variety of content delivery methods such as text and video, which can take time to create. Users expect to be able to have the course in a format to access on their phone or laptop, with video and audio files so they can watch or listen on their daily commute, for example.

How much will online learning be in 2021?

Online learning is expected to reach more than $240 billion by 2021, according to Global Industry Analysts .

What is the nature of a course?

By the nature of a course, the content you provide should go deep into the topic and cover all important aspects. A course isn’t like a blog post, which often just skims the surface. To help organize your course, think in terms of modules and lessons.

Do you have to stick with one course?

There’s no rule that you have to stick with one course. If there are other courses you can teach related to your initial course, create those. You can then refer your students to these other courses . For example, if you offer a course on how to write a mystery, you can add a course on how to publish a book and/or how to market a book. You can also create new courses in completely different areas.

Can you have students from all over the world?

Additionally, because your course is online, you can have students from all over the world, in any time zone, without any additional effort. One of the creative ways to use an online course for marketing purposes is to use it as part of a funnel system to lead students to your coaching program or other services.

Can you create an online course on your own website?

Online courses can be time-consuming to create. Depending on the platform you choose, products may not be hosted on your own website. Courses are typically only successful if you target what's already selling. Finding the pricing sweet spot can be challenging.

Is it profitable to create an online course?

Creating and selling online courses can be quite lucrative if you’re able to provide a great course and reach your target marketing. Plus, with easier to use and more affordable resources to host your course, there’s no reason to avoid becoming an online instructor.

Why do people invest in online courses?

Investing in education and lifelong learning is an emerging trend among both old and young, and online courses come to fill the gaps of knowledge. People tend to prefer the comfort and flexibility of their own homes, avoiding the complexities of commuting to physical classes.

Why is offering a free course important?

Offering a free course can work for your benefit as it can generate leads for expensive courses or a way to showcase your expertise. Don’t forget, it is the first point of contact to create rapport. We all love good communication, creating relationships and this sense of familiarity is what will help you sell more courses.

Why is pricing important?

Pricing an online course is incredibly important and for a good reason. It communicates your value, it affects the profitability of your course, your customers and the quality of your work. Pricing it too high may result in people not buying from you. Pricing it too low and you won’t be making a profit.

How to get your audience's opinion?

You can also: Get your audience’s opinion through email: if you have an email list, come up with an email advertising your course. Alternatively, send your list of ideas for online courses to your audience and encourage them to pick on a course subject through a survey.

What does a good title mean for a course?

Ultimately, the title of your course reflects the name of your brand, your work or training, and can potentially describe you as the best-selling trainer in your field.

How much will the elearning market be in 2025?

The elearning market is expected to exceed $325Billion by 2025 (see above), with a yearly growth of 5% (Global Market Insights)! Becoming an online instructor means you could be earning from a few hundred dollars per year to a six-figure income.

What is the difference between learning goals and learning outcomes?

Whereas, ‘learning objectives’ or ‘learning outcomes’ tend to be more specific and more measurable in terms of what you expect your students to learn and be able to do once they complete the course.