what to charge to create an e-course for someone else

According the 2017 time estimates, an hour of e-learning featuring limited interactivity requires roughly 70 hours to develop. If you were to assume an average hourly labor cost of $65,* you wind up with a cost of around $4,500. My own experience - and at least some of the comments - suggests this number is low.

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Can I charge more for my eLearning course?

 · Thinkific is our top all-around choice for creating and selling ecourses. Try it for free for 30 days. The return potential for ecourses is high because an ecourse is an infinite product. Beyond the initial setup, there are few costs associated with maintaining an ecourse, making them a great source of passive income.

How much does it cost to create an eCourse?

 · An eLearning course that is priced at $25 might attract 100 learners ($2,500), but pricing it at $20 might result in 150 sales ($3,000), which nets you a greater profit. Test the waters by offering promo codes. Using promo codes and discounts can be a great way to figure out the perfect price for your eLearning courses.

How to create an eCourse that you can sell on website?

 · STEP 03. RECORDING + EDITING YOUR E-COURSE. Microphone: You don’t need an expensive microphone to create your e-course.Use the built-in microphone on your computer for free which most computers have. Recording Tool #1: Quicktime: Screen capture software available on most computers (pc and mac) to record your e-course audio and video tutorials. …

How much should I charge for my course offerings?

 · Put simply, this is how to create an outline for your online course: Identify the primary learning outcome. List the skills necessary for achieving the primary learning outcome. Use the skill checklist to create course modules. Set learning goals for your course modules.

How much should I charge to create an online course?

At an estimated 80 to 280 hours required to develop a 1-hour course, you can expect to pay roughly $5,850 USD to over $15,000 USD to get a fully polished course, in addition to the cost of your Instructional Designer (ID) and SME.

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

Can someone create an online course for me?

Some online courses come from universities and colleges, but anyone can create an online learning tool and profit from it. Platforms like Kajabi give professionals and teachers a way to generate revenue from their knowledge and to engage potential customers.

How much do online course creators make?

You can make anywhere from $500 to $50,000 and more by teaching online courses. To determine how much money you can make from online courses, all you need to know are the size of your audience, how well you can convert those people into buyers, and the price of your program.

How long does it take to create 1 hour of eLearning?

The research gives a mid-point for medium interactivity courses of approximately 180 hours development for every 1 hour of eLearning. Therefore, by their estimates, a 20 minute course would take 60 hours of development. If you work a 40 hour week, that's about a solid week and a half of your hard labor.

How long does it take to design 1 hour of eLearning?

How long does it take to develop 1 hour of eLearning? A average 1-hour interactive elearning course will take 197 hours to develop. But development of a 1-hour elearning course can range between 49 hours for the low end of the range of a “basic” course to 716 hours for the high end of the range of an “advanced” course.

How can I create and sell a course online?

Share this articlePick the perfect course topic.Ensure your course idea has high market demand.Create Magnetic and Compelling Learning Outcomes.Select and Gather your Course Content.Structure Your Modules and Course Plan.Determine the most engaging and effective delivery methods for each lesson.More items...•

How can I make money selling online courses?

7 Ways to Make Money Selling Online CoursesCharge up front. ... Offer the course for free, then charge for certification. ... Charge a subscription. ... Use a tiered payment system. ... Pre-sell your course. ... Sell your online course for free—then funnel it into a product or service. ... Sell course licenses.

How do I give an online course?

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...•

How much do teachers make on udemy?

So, how much do Udemy instructors make? An Udemy instructor can make anywhere between $1000 and $3,000,000 in lifetime earnings, depending on the amount of courses they produce, the size of their audience, the quality of their courses and how long they've been on the platform.

How much can you make on Coursera?

At $49 per verified certificate for the course, that amounts to nearly half a million dollars in revenue. At present Coursera is receiving more than $1 million per month in revenues from verified certificates.

Can you make money on Domestika?

You can earn money by sharing any content Domestika publishes: courses, special promos, Domestika Plus subscriptions, or news that might be of interest to your followers.

How much does it cost to develop an LMS?

Agencies may charge $80 to $300 per hour for the build, depending on the complexity of work. That will add up to anywhere between $30,000 to $120,000 for the first two months, server costs not included. You will need ongoing maintenance that is between $50-$220 per hour after your system is fully built.

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 much does it cost to host a course on Coursera?

$30 to $100Fees will range from $30 to $100, with an initial group of 5 courses getting the deluxe treatment. However, company officials said most Coursera offerings would include the fee-based variety by the end of the year.

How much does it cost to implement a training program?

According to the Association for Talent Development's 2014 State of the Industry Report, organizations spend an average of $1,208 per employee on training and development. For companies with fewer than 500 workers, that number is even higher, coming in at $1,888 per employee.

Do you have to have written content for an ecourse?

Obviously, for an entirely written course, you’ll have to have written content. Plus, you’ll need to write the additional materials you’re going to provide your students anyway. It’s going to seem like a monumental task, and it can be, depending on the scope of your ecourse.

How long is an ecourse?

When you’re comfortable that you’ve made that ecourse the best it can be, then you can create a slightly more complicated ecourse, say 4 to 6 hours long, costing $500 or less.

What are the components of an ecourse?

The components of the perfect ecourse topic is the intersection of your knowledge, your passion, and your audience’s problem. Not to state the obvious, but you need to be well-versed in the topic you’re going to teach your audience.

What are the different delivery media for ecourses?

There are three main delivery media for your ecourse lessons, namely video, audio, and written/textual content. Let’s take a closer look at each one so you can decide which one (s) are right for you and your ecourse.

What are some examples of online courses?

Examples of online course marketplaces include Udemy, Lynda, and SkillShare. Third-party hosted platforms are platforms that allow you to create, manage, and market your ecourses in a single place on a site that’s hosted outside of your website.

How does price affect ecourses?

The price of your ecourse impacts how well you’re going to sell the ecourse, the type of audience it will attract, the amount of instruction and quality of support you can give your students, and the amount of profit you can earn from it.

What is a mistake instructors make?

A mistake that instructors sometimes make is pricing their ecourses based on their competitors. What they do is check out the competition, take stock of the prices, and then either undercut their prices, average out the prices and charge that amount, or charge more than the most expensive ecourse.

How to promote an ecourse?

Promoting their ecourse is where many edupreneurs fail to capitalize, but it’s a necessary step to a successful ecourse. Start by speaking to people you know. Post on your social media or blog, tell contacts in your field, and make sure all your online profiles and bios point toward your ecourse.

Do you have to be taught in the same way on an ecourse?

Once you’ve decided on an ecourse subject, you need to choose a learning model. Although all ecourses are hosted online, they don’t have to be taught in the same way. You can record videos or screencasts, film presentations and live classes, deliver audio or written lessons, tech by drip email, and more.

What is an ecourse?

An ecourse is any online learning course designed to teach a skill outside of a traditional classroom environment. Ecourses can be affiliated with colleges and universities as part of a broader learning curriculum, or offered and administered by corporations, e-learning organizations, or individuals. The subject matter of ecourses can vary wildly, ...

Is ecourse self-paced?

There are no barriers between the learner and the classroom, for a start. Many ecourses are self-paced, meaning the students can complete the classes at a time that suits their schedule, and they don’t have to travel miles to do so.

Where are ecourses hosted?

Many ecourses are hosted on educational platforms such as Thinkific and LearnWorlds. These platforms take the technicality out of hosting ecourses, collecting payments, and managing memberships. Some also have a large base of registered learners who are already looking for ecourses and are in a position to buy.

Why is it important to find the right subject for your course?

Finding the right subject for your course. Your subject matter is the most important factor, because you have to know something well enough to teach it. The good news is ecourses can be on any subject you can imagine. If you know enough about it to teach, someone else will want to learn.

Can you host a course on your own website?

Finally, you can choose to host your course on your own website. This is obviously the most labor-intensive option, as you’ll have to build and maintain the site, configure it to host your course, include payment processors and a paywall, and more.

Can you charge higher for an eLearning course?

If your eLearning course is one-of-a-kind and covers a topic that has never been dealt with before, then you may be able to charge a higher price. However, this is only true if there is actually a demand for the eLearning course.

What is the key factor in determining the cost of an eLearning course?

Content is key to determining cost. The interactive exercises, multimedia elements, eLearning assessments, written content, and visuals are all key factors when determining your price point. If you create eLearning courses that are highly interactive, complete with scenarios and simulations, it only goes to reason that they should be priced higher ...

Why should eLearning courses be priced higher than online courses?

If you create eLearning courses that are highly interactive, complete with scenarios and simulations, it only goes to reason that they should be priced higher than online courses that are text-based. The length of your eLearning courses also plays an important role.

Is eLearning free to create?

Factor in your up-front costs. Chances are that your eLearning courses wasn’t free to create. Even if you used free authoring and multimedia tools, you still invested a great deal of time and work into the endeavor. Time is money.

STEP 01: CREATING CONTENT FOR YOUR E-COURSE

Mind Map It: When it comes time to start building out my e-courses I always open up a new mind map. This is where I can dump general ideas, organize steps and group related topics into modules all on one blank sheet. MindMiester has a Basic plan where you get up to 3 mind maps for FREE!

STEP 04. DELIVERING YOUR E-COURSE

Housing Your e-Course with Teachable: If you want to build a site where your peeps need to login to get access to our e-course, Teachable is a membership software that requires very little set-up, is easy to use, and has a modern, intuitive interface.

STEP 05. SETTING UP PAYMENT GATEWAYS

PayPal: Collect payments with the most popular Payment gateway online. Simply create a shopping cart button, add it to your product sales page and when someone buys you can redirect your new student to a hidden blog page, protected thank you page or download page with instructions on how to get access to their course!

How to make an online course more engaging?

An easy way to make online courses more engaging is to stimulate the student visually. This means pictures and videos. The simplest method of using picture and videos in an online course would be constructing your online class more like a PowerPoint presentation:

Do online courses require money?

Contrary to popular belief, the process of creating online courses doesn’t require a large chunk of money. If you know what you are doing, you can develop profitable online courses at no cost whatsoever. Creating successful online courses is like building powerful magnets.

Can you make online courses profitable?

If you know what you are doing, you can develop profitable online courses at no cost whatsoever. Creating successful online courses is like building powerful magnets. While money can be used to speed up certain steps of online course creation, it’s not even close to a major determining factor for success.

What is the target audience of an online course?

The target audience is the group of people to whom you are writing your course.

Do you have to create all the content for an online course?

That being said, you don’t need to create all of the content for your online course before you start selling it. It’s always better to start off with a smaller batch of content, as this will allow you to take in feedback from your students and make improvements accordingly.

What is the most important part of creating an online course?

One of the most important components of creating an online course is setting a learning goal for the course . However, there’s more to it. Every online course consists of various sections, and each individual section also needs to have a clear learning goal.

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 are some marketing tactics that can help you bring potential students closer to making the purchase decision?

Psychological tricks like scarcity, FOMO, countdowns/pre-launches, loss aversion amongst others can do the trick when these are used alongside an effective sales strategy.

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 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.

Is e-courses a good way to get rich?

E-courses are NOT a get rich quick scheme. They take a lot of work to put together, and there are no revenue guarantees. HOWEVER, if you enjoy teaching and sharing your gifts with others on a one-to-many scale, e-courses could be an excellent way for you to create real revenue doing something you love.

Can you do written only courses?

If you’re not comfortable in front of a camera or recording your voice, you can always try a written-only course. You could put your course content in daily emails, slide presentations or a series of PDFs. While you may lose a little of that personal connection with your students, the time and money investment are certainly much lower than going the audio/video route, so if you’re on a tight budget, written-only is a good place to start.

What should the topic of an online course be?

The topic for your online course should be either a subject that you’re already knowledgeable about or are willing to invest in learning thoroughly. Either way, you need to be passionate about the subject.

Do you need to run a test before starting an online course?

Creating an online course requires a lot of hard work and effort on your part, so running a test before you begin will allow you to validate this online business idea as one that will pay itself off down the line.

Why is online education important?

Therefore, fostering a community of learners around your course will greatly improve their experience, contributing to the overall success of your course. An active online community can help users share their learning process with a group of peers.

What does competition mean in a course?

Having competition means that people find the topic relevant and helpful for them. It’s also a good idea to create content that can comfortably fit into an existing, tried-and-tested space. Once you have a clear target audience in mind, you are best equipped for later creating and marketing the course.