Simple Ways to Make Money as an Online Educator
Simple Ways to Make Money as an Online Educator – As it is convenient, teaching has become a common way for educators to monetize their expertise. The internet has opened the door for everyone to continue their education from anywhere in the world. Educators are adopting a combination of offline and online tutoring along with other approaches to monetize their knowledge and skills.
Effective ways for online Educator to generate revenue
Online tutoring is a popular alternative to normal classroom-based learning that has been around for a long time now. But since the COVID-19 pandemic, more and more educators are coming forward to take up their careers as online tutors due to the lucrative opportunities it offers. Being able to schedule classes based on their availability, convenience to teach students regardless of location, good revenue source, etc., are some of the factors that online tutors find interesting.
Here are some of the proven ways for online tutors to make money using their expertise in a given subject area.
Sell lesson plans
Have you ever thought of creating custom lesson plans that you can outsource to tutors who are in need? Not every tutor is good at creating custom lesson plans that are rich in content and interactive. If that is one of your skills, why not sell lesson plans for other educators to use.
There are platforms that allow you to sell your lesson plans for a price. For example, Teachers Pay Teachers is a popular online marketplace where you can sell original education resources and get paid for them.
Create online courses
Selling online courses is one of the best approaches for educators to make money. To create and sell online courses to your learners, you need some type of course platform to offer the course.
There are many options out there in the market like Udemy, which you can consider as it has a built-in audience for you. However, online course marketplaces don’t allow course creators to have full control over the money they make. On top of that, platforms like Udemy don’t allow tutors to have a personal connection with students.
The best approach is to sell online courses on your own course platform so that you can build and nurture your own eLearning brand. You can leverage any tutor management software like Pinlearn to create your online tutoring marketplace that can host both live classes and online courses. The software solution is equipped with all important features required to smoothly run an online tutoring platform including monetization.
Start a blog
You might already know this- Blogs are powerful marketing tools that you have at your disposal as an online educator. Blogs are excellent as they serve as a gateway to other resources. For example, you can offer your blogs free for your audience, which exposes them to many insights.
Through the blogs, you can promote your courses and do more. With a blog, you can build your audience, and once you build a loyal community, it becomes easy to promote your eLearning products to them.
Publish an eBook
Being an online educator, selling books can be a great way to make money. You can create eBooks on any topic and publish them on Amazon. There are authors who even make 6 figures from their $5 eBooks on Amazon.
Revenue models to adopt for your eLearning business
Now that you know what to do to make money as an online educator let’s look at effective revenue generation models you can adopt.
Monetizing via membership
A membership-based revenue model is one of the popular monetization models followed by most online tutors. Learners who are interested in your eLearning products and services can access your online tutoring platform in return for a monthly or yearly subscription fee.
Learners can access your content library to learn whatever they want at their convenience. As you can count the number of subscribers, you can predict your monthly income to a great degree.
This revenue model allows users to access specific video content by paying a one-time fee. Pay-per-view is also known as the transactional model and works well for creators who have an audience who prefer using the eLearning platform sparingly. Educators can charge their users individually for live classes, online courses, webinars, etc.
Affiliate marketing is a revenue model that you can implement once your eLearning platform starts receiving regular traffic. You can partner with brands to place the links of partnered websites on your eLearning platform. Once your user makes a purchase using the link, you will get a share. While you cannot directly make money from users, you can generate revenue from sponsorships with the brands you have partnered with.
Premium membership gives users special privileges like unlimited access to exclusive content along with major discounts and other unique perks. This Premium membership can be availed by paying a specific amount as a one-time fee for a certain amount of time. The idea is to get your users hooked with unique content that motivates them to renew their subscriptions and spread the word to others.
Working as an online tutor is a rewarding job; it gives you immense opportunities to make a difference in another person’s life. Yes, it takes a lot of effort and hard work, but on the brighter side, online tutoring is also an excellent way to make money.
I hope this blog will guide you on different monetization techniques and equip you to implement the best monetization model for your eLearning business.
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