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What do you need to know about how you can earn additional passive income from on-line courses?

Jun 20, 2024

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Perhaps you're curious to learn that you may earn additional income passively from the online courses you teach through self-hosted platforms hosting your online course?

What's Inside? Toggle

Third Party LMS Platforms The Myths and Misconceptions of LMS Platforms

You might agree with this statistic the figure is it is 57% percent of the time that creators assess their courses' success by the degree of student satisfaction in their courses. 23 percent view student participation as a factor. 21% are judged by the income of students.

This is why a vast majority of designers think that it is better to use the third-party LMS platforms, such as Udemy, Teachable, and Kajabi because of the following factors:

  • They expect it to cut their marketing costs and reduce the need for huge initial investment on hardware and software.
  • They think it will aid in launching their company into the world market in an easier manner.
  • The assumption is that it's easy to use and requires minimal technical knowledge which makes it simple for course creators to create their courses, launch the course and manage the course.

But, they come at a cost a lot and comprise:

  1. The price of revenue sharing is increasing.
  2. 75 75 Most of course designers earn less than $1000 per year. Just 1 percent of instructors earn more than $50,000 in a calendar year.
  3. There is a chance to get not noticed by the general public It is also necessary to incur additional marketing costs to reach out to the correct target audience.
  4. There aren't many chances to make connections with students who are not using the portal.
  5. Your page cannot be personalized as well as your profile for your business's using these platforms.
  6. It's difficult to monitor the students' progress along the funnel.
  7. The limited engagement possibilities result in the absence of community-oriented and gamification integrations or the usage of gamification.

The Introduction to Courses hosted self-hosted

If you're an online instructor dissatisfied with the expensive prices and limitations that come with SaaS LMS platforms You're not all on your own. A lot of instructors have the same problems.

Also, it is possible to use self-hosted course platforms.

If you choose to design your own online class, you'll be in control of your course content and will be able to cut down on costs associated with revenue sharing as well as generating new ways to generate profits.

Look at the thought...

Imagine the possibility of designing your classes in your own method while also keeping more than you've made in earned profit.

Self-hosted hosting will not just mean that you'll be able to save money. It's about unleashing the full potential of your company in order to create the longest-lasting and most profitable company.

Still doubtful? Check out this overview below.

HTML0 The cost of high-quality Profit Sharing

If you are making use of one of the popular SaaS LMS platforms to sell and manage your online courses you must be aware of the models of revenue sharing they utilize.

Most of them will take a large portion of the profits, and they quickly build up and lower your profit. will make.

Below is a quick listing of the most frequently utilized revenue sharing plans offered by the top famous SaaS LMS platforms:

     1. Teachable

Teachable has a wide range of pricing choices. Revenue sharing differs based on the plans you pick. The following is the average annual cost:

  • Free Plan: Costs $1.10 plus 10% for each transaction.
  • Base Plans ($39/month): 5 percent transaction cost.
  • Professional Plan ($119/month) as well as the Business Plan ($499/month) Business Plan is $499 per month. The Professional Plan does not charge a transaction fee, however there is a restriction on publishing courses is limited.

     2. Thinkific

Thinkific offers a variety of prices that have various revenue sharing consequences.

  • Free Plan: There's zero transaction costs however it has only a few features.
  • Basic Plan ($49/month) A Basic Plan does not charge to conduct transactions, but it is only available as digital downloads.
  • Premier Plan ($99/month) and along with the Premier Plan ($499/month) The Premier Plan is available for purchase. There are no transaction fees However, there are a handful of online community services.

     3. Udemy

Udemy is a unique revenue sharing model that is different from Teachable or Thinkific:

  • Organic Sales: Udemy receives 50 percent of its revenues from purchasemade through on Udemy's marketplace. Udemy marketplace.
  • Promos to Teachers for teachers: Teachers keep 97% of the proceeds of sales that result from promotion they organize for themselves (using coupons offered to instructors) In addition, Udemy costing a three percent administrative fee.
  • Pay-per-click: In relation to sales that are paid through Pay-per Click initiatives, instructors only receive 25 percent of the profit.

     4. Kajabi

Kajabi has subscription plans that include additional fees, which are determined by the plan

  • Kickstarter ($69/month) and the Basic Plan ($149/month) Basis Plan No transaction fees but there are few possibilities and features.
  • Plan for Growth Plan ($199/month) and Plan for Growth ($199/month) and Pro Plan ($399/month) It is important to note that there aren't any fees for transactions. The only difference is that this plan has a limit to students in the plan.

models based on revenue share reveal the cost of using third party LMS platforms. While these platforms are helpful and can provide a wide range of functions however their regular costs and cuts in income will significantly reduce your profits.

Self-hosted options will help you to make more money from your earnings and offer greater flexibility when it comes to managing and deliver your classes.

This review focuses on the two platforms.

Examining Earnings Potentially Comparatively LMS SaaS vs. Self-hosted courses platforms.

A good example is: imagine that you could offer an online course for the price of $100.

 HTML1 LMS SaaS Platform Example

  • Teachable (Basic plan): If you charge a fee for every transaction that are five times the normal, the vendor is losing $5 on each sale.
  • The profits are $195
  • Monthly subscriptions for $39
  • If you sell 20 courses a month, the figure is: $20 divided by 20 equals $39, which amounts to $1.861.
  • Udemy (Organic sale): If you were to earn a fifty percent profit over the course of time then you'd lose 50 cents on each sale.
  • The amount of profit for each sale is 50 dollars.
  • If you're offering the same classes each month, the formula will be applied as: 20x50 = $1,000

Self-Hosted Service Example

  • The monthly fee is $33 to (Most Popular Plan) The Cost is $33.
  • Per sale, earnings of $100.
  • If you are able to provide minimum 20 classes each month, this formula applies 100 x 20$$ equals $1,967

Comparison:

  1. Teachable (Basic Plan):
  • SaaS LMS Earnings: $1,861/month
  • Self-Hosted Earnings: $1,967/month
  • There is a difference of $106 when you host your own server.
  1. Udemy (Organic Sale):
  • SaaS LMS Earnings: $1,000/month
  • Self-Hosted Earnings: $1,967/month
  • There is a difference of $967 than self-hosted

Over the course of a year, this variance could add up to an impressive sum. This is roughly $11,604 for the entire course during the entire year!

Self-hosted courses similar to Courses can assist you in securing hundreds, or thousands of dollars, contingent upon the number of profits you earn.

Now you know how you can do from an online course hosted by a self-hosted service. look at a handful of advantages from switching to this type of service.

Advantages that self-hosted Course Platforms

Self-hosted classes can be fantastic alternative in place of SaaS LMS services as they provide you with total control over the content of your course and its operation.

It is a good choice, and is particularly when

Making use of the power to the fullest extent of WordPress This platform provides unbeatable versatility and possibilities to customize your experience. You can create a learning experience that's perfectly accordance with your brand's image as well as business objectives.

If you decide to use self-hosted courses like those provided by e-learning.com You'll enjoy many benefits. One of the most significant is cost reduction, more efficient management system, as well as the capability to use a variety of methods for monetization that can maximize the amount of money you earn. Learn>> View an overview of the feature

We'll look into these benefits deeply.

Control and the Control of the Ownership Rights of Content

Control is among the strongest qualities of an artist and is a crucial element in successful branding and marketing.

If you're running your own course similar to the ones are available and you'll be able to tailor every aspect of the course according to the unique design of your company and.

Layout and design as well as the inclusion of multimedia elements, directing your content allows you to create a consistent professional education experience that reflects your values and the aesthetics of your organization.

Being the owner of your content means you can utilize a range of strategies for marketing your business, with no limitations.

It's possible to make and distribute promotional offers, bundle classes give discounts and use various tools to promote and plug-ins to WordPress.

It allows you to connect with your intended audience better and adjust your plan with real-time data along with feedback.

Direct Customer Relationships

One of the main advantages self-hosted learning platforms offer is the possibility of creating direct, unmediated interactions with your pupils.

If there are no limitations from the intermediary, you will be capable of speaking directly to your students, and even send them personal messages, in addition to providing advice and also feedback.

If you are an administrator for your own platform, you're given access to an abundance of information regarding the actions of your students, the ways they behave as well as the result they attain.

It's important to recognize the aspects that are working well and the things that aren't working in your studies.

After analyzing the information and analyze the outcomes, you will be capable of adjusting your program and method of instruction to accommodate the particular needs of your students. This can lead to higher satisfaction from your clients and more retention.

The platforms of intermediaries can limit your ability to deliver rapid and effective customer support.

If you have self-hosted website, you can set up a comprehensive service of support that comprises live chat, forums and direct messages.

The instant access to help and support can significantly improve students' experience and help students address issues before they escalate into a more significant issue.

     Members can earn money through participation    

One of the simplest methods to make money from your own self-hosted courses would be to combine them into a membership model.

The members encourage participation that leads to higher retention because students will always the benefits of their membership.

The ability to access an extensive library of resources, for a low monthly fee, will provide substantial value and make students more likely to become members.

Community features, forums and live Q&A sessions help in establishing a sense of belonging to the community you serve. It also increases their devotion towards your website.

This method improves the value you can offer to your students, and offers the possibility of generating a constant and consistent income.

Base Body Homepage
The base body-loving females

Additionally, they offer online training as well as private fitness classes in their personal studio in Sydney, Australia.

Through the use of , Base Body Babes manages their content that is paywalled as well with their exclusive services on their website. The members have access to gym or home-based fitness classes, as well as recipe libraries.

They can earn regular income in addition to providing significant benefits for the community in which they live.

     Fixed costs and endless growth    

Here is a breakdown of expenses:

  •       Web Hosting      
  • Domain Registration: Domain Registration
  • LMS Software, or Plugins
  • The company provides four pricing levels :
  • Basic: $179.50/year, suitable for beginners.
  • Additional charges: $299.50/year This includes other services and connectivity.
  • Pro: $399.50/year, ideal for businesses that require the latest technologies.
  • Price Cost: High-end $499.50/year Excellent for companies and creative creators.
  • Extra charges:
  • SSL certificates that guarantee the security of transactions ($0 between $100 and $1000 per year) typically included in the hosting package).
  • Payment gateway fees (typically about 2.9 percent ) plus $0.30 (per each transaction).

What are the reasons to select Us? We'll be able to provide you with our prices along with what you might get from...

Pricing:

  • Basis Plan $179.50/year
  • Plus Plan: $299.50/year
  • Pro Plan: $399.50/year
  • Elite: $499.50/year

 ROI (ROI):

For a better understanding of the ROI, let's assume you select the Plus plan, which has an annual cost of $299.50/year. If you offer an entire course or membership that is priced at $100 and offer 3 memberships per month, the monthly income will be $300.

If you take the entire calendar year into consideration that's 3600 dollars. By subtracting hosting costs ($299.50) as well as the price for hosting ($240 per month for 20 dollars) this gives you an annual income totaling $3,061 net.

This calculation shows that even if you only make 2 or 3 sales, the ROI on investment is impressive and is an intelligent decision!

Evaluation of the Possibilities for Scalability at no cost for Content or users

One of the major benefits to hosting your own classes is the capacity.

Contrary the SaaS platforms, which cost per user, or pay a amount of profit it allows you to grow your business without any additional cost.

Here's how:

  • unlimitable users After your site is up and running, you are able to be able to host as many customers you wish to host, without paying any extra charges. It is possible to predict that the price will be based on how your user base grows.
  • Flexible Content You can create and host unlimited classes which include the lessons along with membership levels. It allows you to expand your service's scope and generate more income without worrying about rising costs.

At the end of the day, the fixed-cost structure of self-hosted platforms like this one gives a cost structure that is affordable as well as the possibility of expanding.

With an infrastructure that's adaptable and without any extra expense per user, you are able grow the number of users you are able to have and your content, thereby increasing the amount of money that you can earn, while maintaining steady expansion.

There's more.

     Integration with Other Business Tools    

Self-hosted services like this also have the ability to incorporate various commercial tools, enhancing the efficiency of operations and offering insights on student behaviour and effectiveness.

Here's how:

     2. CRM Systems:

     3. Analytics Tools

     4. Calendar/Scheduling Tools:

     5. Form/Survey Builders:

     6. Payment Gateways:

Further details are given for connecting your business account with several applications. Go to >> Supercharge your memberpess site by including the latest add-ons and integrations

Transferring from Self-Hosted Hosting to self-hosted

If you're convinced about the advantages of moving to SaaS LMS platforms to self-hosted platforms, here are the necessary steps:

Move into HTML0!

Moving from a SaaS LMS platform into self-hosted course platforms might seem overwhelming, but you'll manage this by having a plan.

The following step-by-step instructions are given to guide users through the procedure:

     Initial step: Start by defining a plan    

  • Examine Your currently installed platform Check your present SaaS LMS platform's features, limitations, and additional information.
  • Set goals Make a list of goals you'd like to accomplish by the time you transition (e.g. less costs or more control).
  • Make a migration Plan Within the plan, note dates, deadlines as well as the duties you're required to fulfill. Make sure you've got an up-to-date backup.

2. Install your Self-Hosted platform which you've built.

  • Install Purchase and install the plug-in on your WordPress site.                    Check out the video below for instructions on installing the Plugin.

3. Export Data from SaaS Platform

  • Backup information You should have copies of every course's content including user information along with course content along with any other data that's relevant to your needs.
  • Export Content Utilize the tools for export provided by your LMS that are based on SaaS for downloading the necessary documents, such as the information you provide about the user as well as media files.

     4. Please send the details

  • load data from users Utilize either manual or software methods to download information from users in order for students to can access data with ease.

HTML1Step 5: Step 5: Settingup

  • Member Levels Set up the levels of membership to work in conjunction with your company's model.
  • Payment Gateways Install payment gateways like Stripe or PayPal for safe transactions.
  • Modification Style and design of your website in line to the brand you have established.

     6. Test Everything

  • Testing of the function Verify that the functions you use, like the access to classes as well as levels of membership and the process of payment work in the correct way.
  • users Test the user journey beginning at registration and concluding the entire course to ensure a smooth journey.

It's time to act!

     Step 7 - Step 7 Start and Promote    

  • Information users inform your current users to know about the new platform by providing specific directions and guidelines on how to use the brand new platform.

Five ways to help ease the process of adjusting

  • The plan should be carefully with specific timetables, schedules, and backups.
  • Create HTML0 modifications easily accessible for users to use and provide them with aid.
  • Check every function thoroughly so that there aren't any interruptions.
  • Utilize accessible resources and migration guidelines. Start by providing smaller portions of information that help you understand the issues which eventually become.
  • Offer regular support by providing FAQs and Helpdesks to ensure the tracking of its effectiveness. Make modifications according to feedback.

If you follow these steps and take these guidelines, you'll be able to seamlessly transition from a SaaS CMS to self-hosted system like having total control of your content and maximising profits.

A Brief Overview

We're amazed at how far we've taken us.

One of the concerns we discussed was the drawbacks when using third-party LMS platforms that facilitate the online marketing of courses.

The discussion also addressed the major benefits that self-hosted classes offer, including total ownership of your course content, lower costs as well as greater control over the branding strategy and marketing.

Additionally, we made certain analysis and were able to convince customers that investing in self-hosted educational platforms such as Courses can be a major change for your firm.

In the end, it's important to keep in mind that if you eliminate high revenue-sharing fees and make use of tools like Courses, you are able to establish a highly successful and scalable online education company.

Make sure you examine how much the cost of the platform is against the advantages. If you're already using WordPress you should consider it as a viable option for expanding your business as well as earning more.

Let us know via the comment section if you plan to switch to a self-hosted service for your classes, like courses. We're more than happy to help with any queries you inquire about.

Sarah O Sarah is adamant to reduce the technical complexities of websites and plug-ins and digital marketing. as a Content Writer with Member Press, she has the ability to write engaging and fascinating content. Sarah is a key contributor to helping people understand the potential in Member Press plugins. A mix of wit as well as technical know-how Her goal is to ensure that every article does more than simply inform and be a source of inspiration. When she's not working she is always interested in the latest developments in marketing and technological advancements. Her quest is never ending for new ways to enhance customer experience.

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