How to Make Online Courses Profitable [Updated August 2022].

How to Make Online Courses Profitable [Updated August 2022].

by CreativeMindClass • 4 min read

While other online course platforms made online teaching possible, CreativeMindClass took it a step further: we made online courses profitable. Read below how the CreativeMindClass platform helps earn a creator a solid income...

How does it work? A quick explanation.

To create a paid course on CreativeMindClass, you first have to register and become a teacher. Once registered, you'll see a series of easy-to-follow steps to help you create your first class. As you plan your class, keep in mind that in all classes you are welcome to include exercises and attachments. If you choose to build a creative community you can also add discussion prompts as the content of your class, and your students can react to it on the creative community feed.

Why launch your first course on CreativeMindClass?

Because the platform offers loads of support for creating and marketing a class. For example, if you are not sure if your video lessons are up to snuff, you can submit them for review to get a feedback call with suggestions or with a good cheer-up.

Do you need more details on how to create an online course? Here is a guide on how to get started on CreativeMindClass.

Promoting

Finally, if you're struggling to make your first few sales, CreativeMindClass's tailor-made features will offer support. Get your new class prominently displayed on the homepage and automatically posted on the creative feed. And all classes and posts have a separate landing page for you to add to your social media bio. All these features are optional, and depending on the product you choose, CreativeMindClass takes a share of your class sales.

CreativeMindClass Price: Free to start with pay-as-you-earn pricing. We charge only when you succeed. CreativeMindClass charges 8% revenue share on classes, 12% revenue share on classes with a community feature, or 16% revenue share on classes with a community feature with the CreativeMindClass boost sales kit. (Note: Revenue share does not include processing fees charged by Stripe and the student invoicing fee.)

Your CreativeMindClass course price breakdown

We want to be fully transparent about how you would make money with CreativeMindClass and how we earn a living.

Surely you have heard about passive income. Something that works when, well, you don't. We, at Creative Mind Class, believe that it's fundamental for artists who wish to teach online. More about the benefits of passive income you can read in the article "Passive income for artists. Delegate — the first rule of a thriving art business".

Unlike other teaching platforms where how much you're going to earn is less straightforward, we want you to succeed and make sure you understand all elements before you get into business with us.

Making a living as a creative and an artist can be tough. That’s why we created a pay-as-you-earn pricing model. We charge only when you succeed. So no setting-up fees, no monthly charges, no hidden fees. In this article, we break down the class price in detail, no more secrets of how much you earn on teaching with video classes.

CreativeMindClass Pricing Fundaments:

  • Free to start with pay-as-you-earn pricing.
  • No setting-up fees, no monthly charges, no hidden fees.
  • We charge only when you succeed.
  • CreativeMindClass charges 8% revenue share on classes, or 12% revenue share on classes with the community feature, or 16% revenue share on classes with the community feature with the CreativeMindClass boost sales kit. (Note: Revenue share does not include processing fees charged by Stripe and the student invoicing fee.)
Features - CreativeMindClass Teaching Platform
What is CreativeMindClass? Read about features, how to use it, and sign up for an account. CreativeMindClass has business features for your creative teaching practice.

How much will you earn for your 100 USD/EUR video course?

Say, John is a watercolor painter from the United States and wants to create a beginner's course on the topic. He's chosen CreativeMindClass for the freedom he gets in building his own teaching space.

He's decided to start small so he's opted for the Basic pricing option. After some hands-on work on the course, with support from the CreativeMindClass team, John's video lessons are done and he's ready to upload them and he decided to start selling the course at $100 (incl. VAT).

Very soon... hooray! One of John's Instagram followers, Nina, signs up for the course! Nina is based in Germany so later on John has to pay German VAT.

CreativeMindClasses's automated pricing system does the math for everyone.

The final price breakdown looks like this:

  • VAT for Germany -> 19%
  • Stripe payment processing fee -> 4%
  • Student invoicing fee for digital services -> 6%
  • CreativeMindClass Basic Packge fee -> 8%
  • John earns -> 63% of each course sold, hassle-free.

To sum up: John earns $63 on each of a $100 class sold on CreativeMindClass.

Related article:

How Much to Charge for an Online Course. What You Should Know
Online course prices generally go from $10 for a mini course to a premium price of $350. But how to know what price is best for you? We lay it all out.

Get Started with the CreativeMindClass Course Builder— It's Free!

🤓

TEACHING SPACE

Run your own creative business, teach, and get paid.
▶️

VIDEO COURSES

Create your own video classes, without limits.
📚

LESSONS

Upload lessons and provide learning materials in one place.
📢

FEEDBACK

Give feedback effortlessly and post it to your feed.
🤝

COMMUNITY

Bring together like-minded people and geek out about creative topics.
💳

PAYMENTS

Collect your payments globally with just a few clicks. Also in EU.

Building a Teaching Platform was never that easy. Want to turn followers into students with your own video course platform? Everything you need to launch engaging video courses and to build an online community. Start for free!

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