HOW TO CREATE AN ONLINE COURSE 📚 (That Pays You $1,000 A Month Or More!)

TL;DR

Create an online course by choosing a subject tied to your expertise, building it on a platform such as Teachable, and adding it to your existing income sources. The creator spent two or three months making a stock market investing course and now earns about $1,000 to $2,000 per month from it without actively marketing it. Read on for concrete lessons about course revenue, income diversification, memberships, and launch expectations.

Transcript

how's it going today guys hope you're having a fantastic day I am very excited about this video I've been getting a lot of people asking me particularly because of the videos I posted about my business model people have been asking me how do you create an online course how do you create a membership site how do you have a successful online course a... Read More

Key Insights

• 🎏 Creating an online course provides opportunities for income diversification and stabilizing fluctuating income streams.
• 💦 Online courses offer benefits such as the ability to work from anywhere, zero inventory costs, and 100% profit margins on organic sales.
• 👤 Teachable is a user-friendly platform that facilitates course creation, organization, and monetization.
• 🥶 Effective marketing strategies, such as offering free courses to collect emails, can help build an audience and create recurring revenue.

Questions & Answers

Q: How do you create an online course that earns $1,000 a month or more?

The creator built a stock market investing course on Teachable over two or three months, then promoted it through Facebook ads and mentions in YouTube videos. Even after stopping active marketing, the course generated about $1,000 to $2,000 per month from people finding it on their own.

Q: Why should you create an online course?

The creator’s main reason was income diversification because YouTube earnings fluctuated significantly. A course added another income source that could offset declines elsewhere in the online business.

Q: How much money did the creator make from the online course?

The course produced roughly $1,000 to $12,000 in monthly sales, depending on the month and the amount of promotion. December was described as the best month, with about $12,000 in sales.

Q: How long did it take to create the stock market investing course?

The creator spent about two or three months developing the course. It was launched in August.

Q: What platform did the creator use to build the online course?

The course was built using Teachable. The creator planned to show the Teachable back end and explain how the course was constructed there.

Q: How was the online course marketed after launch?

The creator initially used Facebook ads and mentioned the course in YouTube videos. Those marketing activities later stopped, but the course continued producing about $1,000 to $2,000 per month through people discovering it.

Q: Why was income diversification important for the creator’s online business?

YouTube advertising revenue fluctuated by plus or minus 40% based on views, publishing volume, and advertiser payments. Total monthly income could vary from about $10,000 in one month to $3,000 in the next, so additional sources helped offset those swings.

Q: How does an online membership site differ from a one-time course?

The creator valued the Stock Radar membership site because its revenue was recurring. Its monthly income could be estimated using the membership price, number of members, and churn rate from cancellations or unsubscribes.

Summary & Key Takeaways

• The video discusses how to create and monetize online courses using the platform Teachable.

• The content covers the reasons for creating an online course, such as income diversification and the potential to reach a wider audience.

• The creator shares their personal experience with income fluctuation and how creating a course helped stabilize their income streams.