It’s a common misconception that if you build it, they’ll come. Creating online courses isn’t that simple.
While it’s a great concept in theory, there’s more to succeeding and profiting from online courses than just uploading content. Yes, you can earn a living doing this, but only if you put in the right amount of effort.
There Is No Set Average
There isn’t an average amount that everyone earns from creating online courses. For instance, you could create a short course that already has hundreds of competing courses and only earn $1,000 over the course of several years. On the other hand, you might create a high-demand course and easily earn $100,000 in a few years.
For instance, take a look at this Quora question about average earnings on Udemy. The numbers are all over the place.
Of course, those major success stories aren’t something you should ignore. For instance, The Penny Hoarder talks about online course creators earning over a million dollars for a single course. Another story focuses on a man earning $8,500 per month from his Udemy course.
The great news is the sky’s the limit. If you pick the right topic, provide great content and market well, there’s no limit on what you could earn.
Finding Your Niche
A large part of succeeding enough to quit your day job is to find your niche. If you know nothing about business, don’t make your first course about building a successful business in 30 days. Instead, if you’re an expert on growing patio plants, do a course on that. While some areas obviously earn more, such as business and technology courses, you have to provide something unique in an area already filled with competing courses.
Take your time and find the right topic that stands out from the rest and truly showcases your expertise. This is how you start earning.
Bringing In Students
The other key to success is bringing in students. You have to learn how to market your course in order to get more students. Even if you start slow, you’ll gradually get more students who then recommend your course to others. Plus, when you create another course, you already have an audience to market to.
Creating online courses isn’t the easiest thing in the world and it’s not a get rich quick scheme. But, when you work hard, you’re able to share your knowledge, help others and profit at the same time.
Want to learn more about how to be successful creating your own courses? Start with my own free course to help you get started.