The demand for online courses is growing at an unprecedented pace in recent years. The coronavirus pandemic’s outbreak has had a significant impact on eLearning as more people continue to shift from the traditional education system to virtual courses.
You would be silly if you don’t take advantage of any online opportunity now to create a profitable online course.
A recent study has suggested that online learning, which was valued at around $165 billion in 2015, could surpass $240 billion in 2023. This makes it an incredible industry worth venturing into. But when it comes to tutoring, there is a misconception that a person will have to be an expert to teach. A good understanding of a subject and your ability to relate to another person of less or no knowledge makes you a good enough candidate to coach. With that being said, consider these four ways to create a profitable online course.
Choose the right course
This is the first step towards creating a profitable online course; therefore, it is essential to consider a few things. Your choice of topic or course should relate to your interests, skill set, and experience. When you are passionate about a subject and have requisite skills and knowledge about it, you get to create very engaging content, which is a good step towards creating a profitable course.
The choice of topic should be in demand
What is the use of producing an item when no one is interested? Since your interests and skills must be considered when choosing a topic, it is imperative to ensure high demand for it. The business reasoning behind creating an online course is to make a profit, so that should be the primary focus. Therefore, in order to become and remain profitable, it is essential to produce content with high market demand. So, analyze the market and its interest, check for existing competitions, and fill the overlooked gaps to attract more audience.
How to produce your course
After determining which topics are of interest to you and establishing an available market, the next step will be learning how to deliver the main product. It could be in the form of slides, audio, or videos. Currently, the latter is in demand, which makes it an obvious choice in producing the content. It could be a video animation or a self-presentation kind of video where you deliver yourself. Whatever your choice may be, the video must be engaging enough to whip interests from a targeted audience. If you are going for a self-presentation video, then It will be necessary to get a camera and a few editing skills to tune up the optics.
Set up an online school
It is important to note that there are three main mediums to sell your classes online. You can provide the course via plugins or software on a website, online marketplaces, or a Learning Management System (LMS). These mediums have been noted to deliver online courses to individuals and corporate institutions for a fee. LearnUpon LMS Pricing varies, depending on the features accompanying the service you select. It is also one of the many competitive online facilities to assist your employees, partners, and customer’s learning needs.
My favourite profitable online courses
I like online courses that are well thought out, easy to follow, and ones that make you feel happy that you spent all that money.
Are you ready to create such a course? Share your ideas about how to create a profitable online course with us in the comment section below.