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How can you earn more passive Earnings from Online Courses |

Jun 6, 2024

     Reader Disclosure

Do you believe that you can make more than passive income through your online courses that are hosted by self-hosted course?

What's Inside? Switch

The Third Party LMS Platforms

You might agree with this statistic it shows that 5 percent of course creators assess their course's effectiveness by the level of satisfaction students have, whereas 23% consider that student participation is the most important factor. 21% of course creators are focused on income earned by students.

That's for course developers to consider it more beneficial working with third-party LMS platforms such as Udemy, Teachable, and Kajabi because:

  • It is believed that it could cut down the cost of marketing, thus cutting down on the need for massive initial investments in hardware and software.
  • They are of the opinion that it could aid in introducing the brand to markets in a quicker manner.
  • It's assumed that it's easy to use and does not need technical skills, which makes it easier for course creators to create courses, design courses and keep them current.

These benefits have a cost, which include:

  1. An ever-increasing revenue-sharing cost.
  2. The majority of instructors are paid less than $1,000 every year. Just 1 percent of instructors make more than $50,000 per year.
  3. There is a chance that your course will be overlooked by the masses which means that you'll have to invest extra advertising dollars in order to promote your message to a specific audience.
  4. There aren't many opportunities to build connections with students beyond the web site.
  5. It's not possible to tailor your brand or profile using these platforms.
  6. It's difficult to track the students' progress when they move along the funnel.
  7. Lack of engagement opportunities due to the absence of gaming as well as integrated community services.

An introduction to self-hosted courses platforms

If you're a teacher who is frustrated by the price and limitations that come with SaaS LMS platforms, you're not the only one. Numerous educators struggle with the same dilemmas.

There's a better approach to take: self-hosted course platforms.

If you decide to create your own courses You'll have complete charge of the course's content in addition to being able save money on fees and share in ways to earn more money.

Think for a minute about the idea...

Imagine the possibility of tailoring your plan exactly as you'd like and save the money that you make.

Moving to a self-hosted service does not only mean reducing expenses - it's about increasing your capabilities and creating an efficient sustainable, durable and long-lasting enterprise.

Still unsure? Check out this review.

The price is very high to be used for revenue sharing.

When you're the use of popular SaaS LMS platforms to sell and manage online training, it is crucial to understand what revenue sharing strategies they utilize.

The platforms usually make a significant portion of your earnings, and this could quickly grow and drain any profits you could make.

Below is a summary of the most common revenue-sharing plans from a handful of popular SaaS LMS platforms:

     1. Teachable

Teachable has a wide range of pricing plans. Additionally, their revenue sharing structure is different based on the plan you choose. Here's how annual cost of their plans could appear:

  • Free plan: Costs are $1 plus 10% per transaction.
  • The basic package ($39/month): 5 percent transaction cost.
  • Professional Plan ($119/month) as well as Business Plan ($499/month) There is absolutely no cost to conduct transactions, but restricted publication of courses.

     2. Thinkific

Thinkific provides a range of prices that have specific implications for the sharing of revenue:

  • Free Plan: There's a fee for transactions but it does have only a limited capacity.
  • The Basis Plan ($49/month): No fee for transactions but only downloads using digital media.
  • Premier Plan ($99/month) as an addition to Premier Plan ($499/month) Professional Plan There is no fees for transactions however, it is limited to online community services.

     3. Udemy

Udemy is founded upon a distinct system of income sharing, rather than Teachable and Thinkific:

  • The organic sales Udemy receives 50 percent of its profits from purchasesmade through their marketplace.
  • Promotion of Instructors: Instructors get 97% of earnings from sales generated through their own marketing efforts (using coupons for instructors) in addition to Udemy is required to be able to pay an administrative cost of 3 percent.
  • Paid User Acquisition For the sales generated through Udemy's paid advertisements, instructors only receive 25% of the sales.

     4. Kajabi

Kajabi provides subscriptions with the option of combining additional charges in accordance with the plan:

  • Kickstarter ($69/month) in addition to the basic Plan ($149/month) The Basic Plan ($149/month) and Kickstarter ($69/month). There are no transaction fees, but the options aren't as extensive and less features available.
  • The plan is called an option called the Growth Plan ($199/month) and the Pro Plan ($399/month): There is no transaction cost but the plan does have the ability to limit student enrollments.

The revenue sharing models highlight the expense of utilizing of third party LMS platforms. They are easy to use and have well-built, however the ongoing costs and reduction in revenue can significantly reduce the revenue you earn.

Self-hosted hosting options allow you to earn some of your profits as well as allow you to be flexible when it comes to how you organize and deliver the class.

It is a complete review of the two platforms.

HTML0 Comparative Analysis of Earnings potential: LMS SaaS against. Self-hosted course platforms.

Scenario: Imagine you are able to offer a class online costing $100.

SaaS Model for LMS Platform:

  • Teachable (Basic plan): With an average cost for transactions of five, you'd lose $5 on each sale.
  • The profit per sale is 95 dollars.
  • Monthly subscriptions Monthly subscription for $39
  • If you're able to provide the equivalent of 20 classes per month, the following formula will apply to you The formula is: $95 x 20 plus $39 = $1,861.
  • Udemy (Organic sale): If you had a revenue share of 50 percent, your company would have to shell out the equivalent of $50 for each sale.
  • The profit per sale is set at $50.
  • If you sell 20 courses per month: $50 20 x 20 = $1,000

     Self-Hosted Solutions Examples:    

  • The month-long plan (Most popular plan) Price: $33.
  • Every time you make a sale, you earn $100.
  • If you can sell 20 courses each month 100 (x 20) equals $33 = $1,967

Comparison:

  1. Teachable (Basic Plan):
  • SaaS LMS Earnings: $1,861/month
  • Self-Hosted Earnings: $1,967/month
  • Self-hosted is $106 more expensive.
  1. Udemy (Organic selling):
  • SaaS LMS Earnings: $1,000/month
  • Self-Hosted Earnings: $1,967/month
  • The price is more costly at $967 when hosted in self-hosting.

Through the course of one year, the difference can be huge. This is about $11,604 throughout the year!

Self-hosted classes like courses can cut down your expenses by hundreds or even thousands of dollars depending on the amount of sales you make.

When you've calculated the amount you can save and make from self-hosted courses, let's see some benefits you can enjoy by making the switch to this method.

 Advantages of Self-Hosted Learning Platforms

Self-hosted course are effective alternatives for SaaS LMS systems, because they allow you to have complete control of your course content and operations.

In the top ten, it is considered as a great option, particularly in the event of

By leveraging WordPress's strength, WordPress it provides the most flexible options and possibilities of customizing your website, allowing users to create an environment for learning that is consistent with the brand's image and your company's ambitions.

If you opt for self-hosted learning platforms like those provided through e-learning.com There are many benefits. There are lower prices in addition to improved control. the possibility of using different monetization methods to boost your earnings. Learn more >>> Overview of Courses for the program

Let's look into these benefits thoroughly.

Control and ownership of content

Control is among the greatest assets for an artist. Control is an important element of successful advertising and branding.

Self-hosted course like it is customizable in every element of the course to reflect your unique brand's image.

From style and layout to the use of multimedia components Controlling the content that you design allows you to create modern and unifying learning environment that is reflective of the values and style of the business you run.

Being the author of your content, you can apply a variety of strategies to market your product without limitations.

It is possible to create and promote promotions, create packages of classes, offer discounts, and use a wide range of advertising tools and plugins on WordPress.

This allows you to engage with your customers effectively and to alter your strategy with real-time results and data.

Direct Customer Relationships

One of the biggest advantages of hosting your own courses is the potential to create intimate, unmediated relationships to your pupils.

With no restrictions of an intermediary third party You can interact directly with students by sending them individual email messages, assistance and feedback.

As you are in control of your platform you gain access to extensive information about the behaviour of your students along with their interests, progress, and choices.

This is essential for understanding which aspects are running in your course.

Through analyzing the data by analysing the information, you are able to alter your teaching material as well as your methods of teaching to meet the requirements of your pupils. It could lead to greater satisfaction with your customers and also a better retention percentage.

The intermediaries' platforms often limit your ability to offer prompt and effective customer service.

If you're using a self-hosted service you can implement a comprehensive support system that includes live chat, forums as well directly messaging.

Access to quick assistance and assistance can greatly improve students' experience as well as address any issues before they escalate.

 Members can make money from the membership

One of the best ways to monetize your online course using a self-hosted system is to bundle them in the form of a membership model.

Memberships foster ongoing engagement which leads to higher retention as customers continue to find the benefits of memberships.

If you're able to provide access to a vast array of resources for an affordable monthly cost, you'll greatly assist in making it easier for students to join.

Forums, as well as other functions that are based on community such as forums and live Q&A on TV help build a sense of community among the members of your platform, improving loyalty among members of your site.

This approach improves the value of the education you provide to your students, and also creates an opportunity to generate steady revenues.

Base Body Homepage
Base body

They offer online training in addition to individual training at their private training center for strength located within Sydney, Australia.

By using a platform Base Body Babes manages their paid-for content, as well as promotions on their site. Members are able to access their workout classes and home sessions for weight training, along with tutorials and recipes.

The model allows them to generate regular revenue while offering significant advantages to their communities.

 Fixed expenses and endless expansion

This is the specifics of how much it will cost:

  • Web Hosting
  •  Domain Registration
  •  LMS Software/Plugins
  • There are four pricing levels available. :
  • Basic: $179.50/year, suitable for beginners.
  • Additional expense: $299.50/year, includes additional functions and connectivity.
  • Pro: $399.50/year, ideal for businesses that need to use the latest technology.
  • The Elite plan: $499.50/year, great for creatives, entrepreneurs and those with goals.
  • Additional Charges:
  • SSL certificates to ensure secure transactions ($0 up to $100/year) typically are part of the hosting plan).
  • Fees for payment gateways (typically approximately 2.9 percent, with an additional $0.30 for each transaction).

What are the benefits of picking our services ? We'll explain our costs and what benefits you can expect by...

Pricing:

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

Return on Investment (ROI):

To calculate the rate of return on investment, let's assume you decide to enroll in the Plus plan at $299.50/year. If you offer the package of courses or membership at $100, and you only sell three memberships per month, the monthly income is $300.

For a full year, it's $3600. After deducting the cost of ($299.50) as well as hosting ($240 per month for 20 dollars) The result is a net of $3,061.

There is no doubt that even with the minimal earnings, the ROI of investment is very impressive and it is an economical option!

     Assessment of the Scalability Potential with no additional charges for Content or users    

One of the major benefits for self-hosting is the possibility to scale it.

Contrary the SaaS platforms that are charged per user or take an amount of profit This platform allows you to scale your company without incurred additional expenditures.

Here's how:

  • unlimited users Once your site runs smoothly and is functioning you can add any number of members at no additional costs. Prices will be reasonably priced regardless of how the number of users you've got.
  • flexibility of content: You can create and create unlimited courses, lessons and membership levels. It allows you to broaden your options and diversify your sources of income without worrying about fees that will increase.

Fixed cost structure for self-hosted websites like this gives predictable prices and substantial growth potential.

With an scalable platform and no cost per user that allows you to expand your membership have and your contents products and also maximize profits as you ensure sustainable increase.

There's more.

Integration with Tools in Businesses Tools

Self-hosted services like these also provide the ability to connect various enterprise tools to improve the overall operation, while giving insight into student behavior and efficiency.

Here's how:

     2. CRM Systems:

     3. Analytics Tools

     4. Calendar/Scheduling Tools:

     5. Form/Survey Builders:

     6. Payment Gateways:

Additional details are given about how to connect your account into business instruments.                discover how to enhance learn how to improve your Memberpess site by integrating extensions and integrations

 Transitioning to self-hosted hosting Change towards self-hosted

If you've been convinced of the benefits of switching platforms using SaaS to self-hosted platforms, here's what you need to do to move forward:

HTML0 Transition to HTML0!

The transition from an SaaS LMS system to self-hosted courses like these may be daunting, but it's doable with the help of a program.

It's a step-by guide to assist you understand the steps.

Step 1: Start by definining a plan

  • Examine Your Current Platform: Review your currently installed SaaS LMS platform's features, limitations and data.
  • The goal should be defined. Set out what you'd like to accomplish with the transition (e.g. cost reduction, reduced costs or more effective control).
  • Develop the Migration Plan Define the goals, timeframes, as well as the responsibilities. It is important to ensure you have an archive of every data you have.

     Step 2. Set-Up your Self-hosted Platform

  • Install Install and purchase the plug-in on your WordPress website.
Watch the video below for some instructions on how to Install The Plugin

 Step 3: Export Data From SaaS Platform

  • Backup Information Make sure you've got backups of all contents of your class and users details and any other pertinent information.
  • Export Content: Make use of the tools for export content that is available within the SaaS LMS, to download all the data you need which includes courses, data about the users and media files.

step 4: import data

  • Data Import from User Utilize plugins or manual methods to import user data to allow students with seamless access to their data.

5. Configuration

  • Membership levels It is possible to create various levels of membership that fit your company structure.
  • Payment Gateways Create payment gateways such as Stripe or PayPal to safe transactions.
  • Customization You can alter the style and design of your site to represent the image of your business.

     6. Check Everything

  • Testing of functionality Verify that every function which includes admission to courses, membership levels of membership and payment methods, work in a manner that is in accordance with.
  • user experience test the experience that a person has beginning with registration and ending of the course to guarantee the best experience possible.

It's time!

Step 7 Begin and advertise

  • inform users: Notify your current users of the latest technology by providing clear directions and help to access the latest technology.

     5Tips for an easy transition    

  • Make a plan meticulously, including specific timeframes and backups of information.
  • Create modifications that are clear to the users, and provide assistance.
  • Check out the function carefully to ensure that there isn't any interruption.
  • Make use of the entire library of resources available and guidebooks, beginning with introducing a small portion of the content that addresses issues in the beginning.
  • Offer continuous support through the use of FAQs, Help desks and Help desks. It is also possible to monitor the efficiency of your system, and then adjust according to your input.

If you follow these guidelines following these steps, you will be able to easily move from a SaaS LMS to a self-hosted solution and have complete control over the content you share and how much profits.

A Quick Review

We're overwhelmed by the extent to which we've taken us.

First, you must consider the downsides of relying on third-party LMS platforms to control your online course revenue generation.

Then we shared the significant benefits that self-hosted courses platforms such as have to offer, like complete ownership of the content, lower expenses in addition to greater control of the branding and marketing strategies you employ.

We also carried out some comparisons and were able persuade the idea that using self-hosted education platforms such as Courses could be an important factor in the creative aspect of your business.

Also, it is important to keep in mind that when you get rid of high fees for revenue sharing and employ programs like Courses, you will be able to create a profitable and scalable online education company.

Be sure to examine the cost of your website in relation to advantages. If you're currently using WordPress then you need to think about an effective platform that can increase the profits of your company and boosts its potential for growth.

Comment below in the comments section if you're thinking of switching to self-hosted courses platforms like Courses. We're looking forward to responding all questions you might have.

Sarah O Sarah is passionate of removing the technical details of websites, plugins, and marketing via the internet. As a Content Writer in the company of Member Press, she has an eye for writing engaging and informative writing. Sarah plays a major role in helping users become knowledgeable and empowered to fully utilize the possibilities which are available through Member Press plugins. With a mix of creativity and technical know-how Sarah ensures that each article is not just instructive but also inspires. When she's not writing, she is exploring the latest advancements in marketing and technology. She's always searching for innovative ways to improve customer experience.

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