Whenever you’re thinking of stepping into a new career, be it a full-time job or a side hustle, there’s a ton of aspects you need to consider – and payment is certainly not the last one on the list. You’re dedicating your time and effort, sharing your valuable expertise, and that’s especially true for creating and selling online courses. Not only do you need to plan, create, and edit your material, but you also have to do your research on presentation, pricing, and even marketing strategies. Naturally, all of that work should be compensated accordingly!
How much do online teachers make? It depends on a few factors. The pricing decisions you make and the policy of the platform you choose for selling online courses probably matter the most – let’s review your options and discover some tips on how to make money teaching online.
You can choose to offer your courses for free or monetize them. However, when you create an online course for profit for the first time, pricing can be a huge challenge. How do you choose a price that’s just right? Clearly, if it’s too low, you’ll barely make money teaching online. On the other hand, how much do online teachers make when their prices are through the roof? You guessed it: not a lot either because the majority of potential students simply cannot afford to pay that much.
There are multiple factors to consider when trying to choose the right price tag for your course. What format are the lectures presented in, and how comprehensive is the course? Is the topic complex, or will the user just get their first taste of the basics? Let’s review some general guidelines on pricing your classes so you could comfortably teach online and get paid adequately:
As you can see, there can be no definite answer to the question ‘how much do online teachers make?’: it depends on each individual instructor and the effort they put into making and selling online courses. The earnings of someone who’s selling one short text course can be somewhat insignificant, and someone who has created multiple video bootcamps for aspiring coders will make small fortunes. However, the important part is that both of these people will earn money by sharing their knowledge with students everywhere and help make the world a smarter place.
By now, you should have a much clearer idea of how to price your online course. However, that’s not the only number your future income depends on! When you create an online course for profit and sell it on an educational platform, some of the income inevitably has to go to the administrative costs. How much do online teachers make, then? This depends on a particular platform you choose to teach online and get paid at.
On BitDegree, there are multiple licensing fee models. The exact amount of money you’ll earn when selling online courses on our platform will depend on the conditions of the purchase:
As you can see, the more you work on promoting your classes, the more you earn: not only will more students enroll in your course, but BitDegree will further reward you by offering a better licensing fee! Similarly, if you leave advertising to others, you need to share your earnings with them. So how much do great online teachers make? You tell us!
One of the things that make BitDegree stand out among other educational platforms is the fact that we accept payments in cryptocurrencies. We have actually developed our own token called BTC to make the instructors’ life more comfortable – get to know the benefits it brings!
Paying in crypto ensures the students don’t overindulge in using the refund option: while the 30-day chargeback (refund) option is the default in the industry when paying in traditional currencies, that is not the case with crypto. Because of that, the instructor can also get paid much quicker! There is no minimum amount required for a payout. The instructor can request the withdrawal of all receivable BDG. How much do online teachers make? It depends on them – what’s important is that they can quickly and easily get their earnings.
Moreover, when paying for a course in BDG, the user gets an additional 20% discount. That is a great way to attract more students and expand your user base!