You may have wondered how much money you can make through online courses and whether Udemy is a good option as a course marketplace. Let’s look at whether Udemy is a good fit for your online course building.
Some interesting facts about Udemy:
Most instructors offer free coupons for their courses to get initial traffic
90%+ of all course sales are through Udemy site-wide sales where courses are discounted down to an average of $10 – $20
Udemy offers you 97% of revenue for students you refer yourself, offers you 50% revenue if someone finds your course through their website and offers you 25% revenue for someone who comes to your course from one of their ad programs or through an affiliate. See some of my revenue splits below for courses with a retail value of $US25.
You can offer your courses for free unless your ratings drop below 4.1/5 . An interesting side note is that when I’ve offered my courses for free, ratings drop with reviews citing that the course wasn’t as useful as expected. Changing the price to paid and the reviews go back up. Takeaway: People value what they pay for and people sign up for free courses even if they don’t need the info.
You’re very limited in how you can communicate with students. Close to no mention of your own business is allowed.
Completion rate for online courses is in the single figures(<10%).
Reviews are collected in the first few lectures so ensure you pack in as much value upfront as possible.
Happy to answer any questions you have around online courses.
It does sound like using a marketplace would work the best for what you’re looking to do. If you’d said that you just wanted somewhere for beekeepers to exchange information then you could have looked at using the free Mighty Networks group or setting up a Facebook group. As you’re looking to create a place …
This is the default text shown when someone completes a standard, partially-configured website form. To change it means you have to click through a few tabs and find what text to update. Does it ever matter that someone sees this? Consider the customer journey from when they read some of your social media posts then …
Further details of question I’d like to setup a website on WordPress but am unsure how to do it myself. The website will have multiple quizzes and members will have to pay to access these, there will be a new one added 3/4 times a year. Members will be able to sign up for a …
On average, completion rates for standard forms, across all use cases, is around 14%, according to this research. ​Our average completion rates are 55%. Looking to survey your clients, link to a custom contact form in your email signature, have an event registration form on your website or streamline your employment process? Ensure your forms remain …
Truths & Myths About Udemy
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As a beekeeper…would you use an online marketplace “for beekeepers” to buy/sell products, exchange information with other beekeepers?
It does sound like using a marketplace would work the best for what you’re looking to do. If you’d said that you just wanted somewhere for beekeepers to exchange information then you could have looked at using the free Mighty Networks group or setting up a Facebook group. As you’re looking to create a place …
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This is the default text shown when someone completes a standard, partially-configured website form. To change it means you have to click through a few tabs and find what text to update. Does it ever matter that someone sees this? Consider the customer journey from when they read some of your social media posts then …
How do I create a membership-based website with online quiz content?
Further details of question I’d like to setup a website on WordPress but am unsure how to do it myself. The website will have multiple quizzes and members will have to pay to access these, there will be a new one added 3/4 times a year. Members will be able to sign up for a …
Online Form FAQ
On average, completion rates for standard forms, across all use cases, is around 14%, according to this research. ​Our average completion rates are 55%. Looking to survey your clients, link to a custom contact form in your email signature, have an event registration form on your website or streamline your employment process? Ensure your forms remain …