Author Jessica Brody taught writing courses at libraries and conferences for years. Although she enjoyed teaching, it started to get exhausting. She had to travel to each location, and she often taught the same material over and over again. Brody started looking for an alternative.
“My husband was researching online teaching platforms, and we decided to create a short writing class as a test course for Udemy to see if it’d work,” she said. “We earned $1,000 in the first week after releasing it.”
If you’re like Brody and looking for a source of extra income, you could teach classes through Udemy too. Find out how the platform works and Brody’s tips for getting started.
What is Udemy?
Udemy is an online marketplace for users all over the world. Home to thousands of classes, Udemy allows instructors to record video courses and sell them to interested students of all ages.
For people looking to earn extra income, Udemy can be a great tool. If you’re an expert in your field or have expertise in a specific niche, you can create a course and sell it online. You’ll earn money for every student who enrolls.
Anyone can teach a class on Udemy, even with no prior teaching experience. When you sign up to become an instructor, Udemy will ask about your experience, your comfort level with video, and whether you have an established audience interested in your materials. Udemy offers robust resources to help you get started based on your answers.
How much do Udemy instructors earn?
Brody currently offers five courses on different aspects of writing. Her courses are popular; over 7,000 people have taken her classes on Udemy. Her earnings from teaching online are substantial.
“I make between $1,500 and $3,000 per month with Udemy,” said Brody. “I use that extra money for things like travel or big purchases.”
With Udemy, your earning potential is unlimited. You decide how much to charge for your course. Some courses are free or cost as little as $1, while others cost hundreds. How much you make depends on the price you set and the demand for your course.
One of the best features of selling classes on Udemy is the fact that it can become an excellent source of passive income. Once you create and post a course, it can earn you money for a long time without additional work from you.
According to Udemy, there are over 65,000 classes on the platform. There are courses on almost every subject imaginable, including dog grooming, making gift baskets, computer programming, and editing photos. Although some of the best-selling courses focus on graphic design and programming, you can make lots of money teaching any subject. It just might take more work to market your course to potential students.
5 tips to create and sell online courses
Although Udemy can be a good source of extra income, it takes more than just throwing together a course to be successful. Brody offered the following five tips to help you get started.
1. Use Udemy resources
Udemy publishes many free resources for instructors, both beginners and seasoned teachers. It offers guides on how to create a course, build an audience, and use video. You can even submit a test video and get feedback on your performance from Udemy experts. There’s also a community where instructors can learn about and share best practices.
Brody stressed how useful these resources are and encouraged new instructors to take advantage of them.
“Udemy does a lot to help you,” she said. “If you can sell your course and prove there is demand, they’ll also help you market your course.”
2. Focus on your most in-demand skills
When you’re thinking about what to teach, Brody recommended focusing on your most in-demand skills. Doing so will help you find an audience for your courses.
“I tell people to think about what their friends ask them about,” she said.
For example, Brody said people often asked her about how she managed to write several books a year. Those questions prompted her to create a course on productivity hacks for writers. Now, over 3,700 students have taken that class.
3. Invest in good equipment
Although you don’t need professional-grade equipment, Brody recommended investing your earnings in some upgrades.
“When I started, I just had PowerPoint slides and audio,” she said. “Then, I used that money to invest in more equipment, like a higher-quality camera and teleprompter.”
You might be fine with only slides and audio; some courses follow that format and are quite successful. However, Brody said you should consider investing in a good microphone, which can cost between $50 and $100. She also recommended using an excellent screen-capturing program. She uses Camtasia because it’s easy and even allows her to edit video.
If you’re short on cash, consider taking out a low-interest personal loan to purchase the essentials and create quality courses. Going into debt isn’t ideal, but a small investment now can help you earn more money later.
4. Script your course
Some Udemy instructors use a casual format and teach courses off the top of their head instead of following a script. According to Brody, that’s a mistake.
“It’s important to remember that this isn’t YouTube,” she said. “People are handing over their money and expect a polished and professional course.”
Instead, Brody recommended coming up with a script ahead of time. Writing a script and sticking to it can prevent you from rambling or going off on tangents, making your course more engaging and focused.
5. Give away your knowledge
Brody said one of the biggest mistakes she sees is instructors who are afraid to give away too much information.
“Some instructors hold back,” she said. “They’re afraid if they give away all of their secrets, they’ll create their own competition.”
Brody stressed how important it is to share your secrets for success to make your courses valuable and useful. Otherwise, the courses won’t be effective, and you won’t get as many students.
Earn extra money
If you want to make money without setting aside time every day, Udemy might be a good option for you. By teaching classes online, you can create a course once, and it can continue to earn money for you months or even years after you post it.
If you’re ready to share your expertise and start making money online, sign up to become a Udemy instructor today.
Looking for other ways to make money? Check out our list of the best side hustle opportunities.
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
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1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.50% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of April 17, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 04/17/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at firstname.lastname@example.org, or call 888-601-2801 for more information on our student loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.49% effective March 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.50% – 7.27%1||Undergrad & Graduate|
|2.50% – 7.12%3||Undergrad & Graduate|
|2.53% – 8.79%4||Undergrad & Graduate|
|2.50% – 6.65%2||Undergrad & Graduate|
|2.55% – 7.12%5||Undergrad & Graduate|
|3.00% – 9.74%6||Undergrad & Graduate|