How to make 5K a month with online courses
Updated: Oct 24, 2022
Introduction
If you want to earn a passive income by creating an online course and selling it, you're in the right place. In this article, we'll go over several different ways in which you can make 5K per month or more with online courses. These ideas will help you get started on your path toward making money through this channel and hopefully inspire some new ideas that will help you reach your goals faster!
Teach what you know.
If you're an expert in a topic, teach it! It doesn't have to be an "in-depth" course that takes months or years to create - just a few hours of your time can turn into thousands of dollars!
You can also create your own online course or even sell digital products (eBooks, PDFs) on sites like Udemy and Skillshare. Just make sure that the content is high quality so people will buy it!
Teach the things people want to know.
The first step to making good money with online courses is to make sure your courses are based on what people want to know.
Don't teach something that is already well-known. If you're going to teach a course, make sure it's one that people are willing and able to pay for! The last thing you want is for your course to be completely redundant by the time it goes live.
The next thing you want to do is make sure your course is easy to use. This means making sure your courses are well-organized, with clear instructions and relevant resources for each topic. It also means that you should provide a student support system that allows students to ask questions or get help when they need it.
Don't expect to put just one course out there and have it work like magic.
You should expect to put in a significant amount of work to make this happen. You will need to spend time creating and marketing your content, building a community around your course, and improving it over time.
You shouldn't expect one course to do all of the work for you either. If you want to create five or six courses that each earn $3K per month, then you'll need multiple products altogether—and that's before considering any other ways to monetize your audience (like selling products or subscriptions).
Make your courses as valuable as possible.
As you get ready to market your courses, it’s important that you make sure they are of value. If people don’t find the course valuable and useful, they won’t buy it. Even if someone is interested in learning about a topic, if that person doesn't see how their life could be improved by what you teach them (and why), then there's no reason for them to invest in your course. This is especially true for online courses because people can get access to information for free on so many different platforms these days - not just yours! So be sure you can prove why investing time and money into your program is worth it by outlining exactly how they will benefit from taking it:
What will they learn?
How will this knowledge help them?
Don't wait until your site is perfect before you launch.
The key to launching quickly is not to wait until your site is perfect. You can always make changes after you launch. If you don't launch, then no one will buy from you.
When you launch, you're showing that your business is real. You're gaining momentum, and people can see that other people are buying from you. Don't wait until everything is perfect before launching.
Be clear about what you're offering and don't try to please everyone.
Be clear about what you're offering. This is very important. You want to be clear about the course content and who it's for so that people can decide if it's something they want to take or not. If you offer a course on how to make money from home, but also include sections about how to find happiness and fulfillment in life, then your audience will likely be confused—and probably won't buy anything from you.
Don't try too hard: Similar advice applies here as well: don't try too hard! If someone asks why they should buy your product instead of another similar one that costs less money or provides more value per dollar spent, don't say things like "because I know my stuff better than anyone else!" It might sound good at first glance but upon further reflection, most people will realize this isn't true; there are plenty of experts out there who could explain things just as well for less money (and sometimes even better).
You don't need to be an expert in everything. Just be an expert enough to put together a course that teaches people something useful.
You don't need to be an expert in everything. Just be an expert enough to put together a course that teaches people something useful.
If you want to create a course but you're afraid of putting yourself out there, build a test version of the course and show it to people. If they like it, then go for it! Even if they don't like or understand your work, ask them why and use their feedback as inspiration for making improvements until everyone likes what you've created.
You can make 5K a month with online courses, but you have to make them right and market them properly
The key to making a lot of money with online courses is to know your audience. The trick is to find out who they are and what they want, then give it to them in the way that's easiest for them to receive it.
If you're going to be successful as an online course creator, you need some specific skills:
You must know your subject matter inside and out (or have someone who does).
You must be able not only to explain things clearly but also teach people how they can do it themselves -- even if that means showing them how or asking them questions about where they struggle with an aspect of the topic at hand.
Be clear about what you're offering, don't try to please everyone
Conclusion
So there you have it! Now that you know the best ways to make 5K a month with online courses, it’s time to get started. Remember that it takes time and consistency, but if you stay focused on your end goal then anything is possible!