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How to Make Money with Online Courses: A Beginner’s Guide

Article by Sona Hoveyan / Updated at .24 Oct 2024
18 min read
How to Make Money with Online Courses: A Beginner’s Guide
 

As a course creator, you probably have tons of ideas that could turn into profitable courses. But having great ideas and lots of knowledge isn’t enough to actually make money from online courses.


Even if your course content is as good as it gets, you still need to figure out how to make money from it. What if I already launched your course? Great! There are still plenty of ways you can keep earning from it.

In this article, we will cover simple strategies to help you get the most out of your course.  We’ll also look at how you can reuse your course content to bring in more revenue.


Factors to consider to make your course profitable

Course creation business is lucrative. The reason for that is starting a course business does not require too much upfront costs. Plus, it is a business with “evergreen potential.” It means that once you have put in the initial work, your course can continue to sell on autopilot with minimal updates.


And the course business is as unexpected as it is profitable. If we were to speak in general, you can make from a few hundred dollars to 7 figures. The range is quite wide, isn’t it? 


That is because several factors play a key role in how much profit you can possibly generate. So, if your goal is to increase your sales, here is what to look for first.    
 

  • The topic and the niche of your course 

It is quite obvious that the more in-demand your topic is, the more likely you are to generate income. Some of the popular niches recently include digital marketing, entrepreneurship, cooking, parenting, IT, personal development,  fitness, and healthy lifestyle. 


Does that mean you cannot make as much as you expected if you are not on the list of these popular niches? 


Not quite so. The more important thing is how you bring urgency and importance to the topic you make the course about. Let’s say you are thinking about creating a course on essential oils. That will not generate as much revenue as another course about using AI to generate social media posts effectively. The reason for that is the second course solves a more urgent problem. So, if you can address any topic from a problem-urgency point of view, you are guaranteed to make the amount you expected.  

TIP: The more urgent problem your course solves, the more chances your sales will surpass the expectations. 


Related: 140+ Successful Online Course Ideas Creators Recommend

  • The amount you charge

You will find most regular courses on the market that cost $50–$200 per course. Yet, there are other premium courses for $500 and more. So, the price for each product you sell decides how many students you would need to sell to make the revenue you expect. 


Let’s say you sell your course for $25. If you can have 50 students enrolled in two weeks, you can make $1250 for those two weeks and a single course. 


TIP: Do not just focus on a one-time launch. Make your courses a part of other marketing strategies like bundles and memberships. If you want to turn it into a recurring income, you can find strategies further in this article.  

“Putting yourself in a position where you're charging people a certain amount, that their expectations are much bigger than what you feel you may actually live up to. So you want to make sure that this is comfortable for you and for the client”.

Helen Hicks

Course creator, parenting coach

  • Your following lists and audience

The larger your audience, the more people are exposed to your course. Even with an average conversion rate of 1-3% (the percentage of students who will actually buy after seeing your course), a bigger audience leads to more potential sales. 


For example,   
 

  • With an audience of 500, a 2% conversion rate could mean 10 sales.
  • With an audience of 10,000, that same 2% conversion rate would result in 200 sales.    
     

Having said that, engagement is much more important than the size of the audience. If your audience interacts with your content, opens your emails, and follows your recommendations, your chances of making sales increase. 

Related: 31 Ways To Get First Course First Customers In First Month

  • Your main sales channel

The sales channel you choose to sell your online course can significantly affect the amount you can make selling online courses.


If you sell through established marketplaces, your course gets exposure to a large, ready-made audience. However, marketplaces also cut off your earnings. Plus, you have less control over pricing, promotions, and branding. 


On the other hand, if you sell through your own website or platform, you have full control over your course's pricing, marketing, and customer experience. For example, with a platform like Uteach, you keep 100% of the profits and can set up your systems for upselling, memberships, or subscription models. 

Related: Online Course Platforms: Marketplaces vs. Self-Hosted LMS

Strategies for maximizing profit from your online course 

Whether you already have a course you want to maximize the profits for or looking to create a new one, here are some strategies you can use to generate more revenue today. 

Create bundle offers 

Your course bundle is simply a package of multiple courses you sell together at a discounted price. So, instead of selling a course at a time, you offer several related resources as a combo deal. 


And how do bundles exactly help you generate more revenue from a course?


First, you increase the value of your course. Your students feel like they are getting a deal by buying several courses together at a lower price.


Besides, you are able to make more sales. For example, instead of selling one course for $100, you could sell a bundle of three of your products. This can include your main online course, a digital download, and a personal review session with you, etc. And because you now price the whole bundle and not just a single course, you make more revenue per sale. 


This way, bundles help you introduce students to other of your offerings. For example, it can include an additional mini-course for a skill they did not plan on learning before getting the bundle. 


When it comes to setting bundles offers, we suggest a few things to keep in mind. 

  • Be strategic about what you include in a single bundle. You can set up the bundle based on the knowledge level of students, or just similar topics. For example, let’s say you have a photography course. You can add additional resources that help with the editing part.    
     
  • Start by offering a small discount. Perhaps 15% off the total price of buying each course separately. It is essentially on of the main reasons why students prefer the bundle.    
     
  • Make it super clear what students gain from the bundle. Instead of saying, "Save $50," you can say, "Get three skills in one bundle….”   
     
  • If someone buys one of your courses, suggest the bundle as an upgrade during the checkout process. For example, “Want to get better at not just Facebook ads but also Google Ads? Get it in the Ads Mastery Bundle!”   
     
  • You can make your bundles as a limited-time deal. Especially during the promotional seasons, you can use the bundle rather than a single course. 

For example, Jan Keck, who is a course creator and learning experience designer, has one of his bundles offered at a discounted price. It includes detailed tutorials on placing video files on top of videos and video animations with sound effects. 

What makes this offer unique is that the buyers have the opportunity to actually try some of the animations before making a purchase. 


Include it in a membership program 

As you build memberships, you give students access to your content on a recurring basis. Meaning, that you also make money on a recurring bases as well.  


Instead of offering a single course, your membership can include your other services and products. This way, your students will pay regularly to access a collection of your courses, plus other perks like live sessions, exclusive materials, community support, etc.


The best thing about memberships is that each month, you know you will have recurring payments from your members. This completely changes your marketing efforts. For example, for a single course launch you continue promotions up to the enrollment close date. Yet, with membership model the students can join all year-round. 


If you want to start a membership program, make sure you pay attention to the following details. 


You do not have inconsistent huge cash flows from launch to launch. Instead, at the initial stages, you will have smaller monthly revenue that builds over time.

  • Consider what your membership includes. Does it include the same resources as your courses? If so, you will need to think about how to keep them unique for the existing students who have already enrolled in your courses. 
  • You should be ready to keep your marketing efforts running all year round. The membership will not have a close date after all. 
  • Think about how you onboard, engage, and retain members as they join you. That is why you will need to set up all the processes beforehand. 


Let’s discuss an example of how membership can be executed for you to generate more revenue from selling online courses. 


Amy Porterfield, who is an author, marketing expert and course creator, offers the “Momentum Membership Experience”. The membership is only for those who completed one of her course programs. It includes templates, Q&As, and training that come handy after completing the course.    
 

Here is another example using bundle offers by Helen Hicks, a professional parenting coach. 

“Besides my online course with 7 hours of material, I include the handouts that they can download, the exercises that they can utilize, and journaling tips. Plus, my students have the community where they can ask questions. This way they can connect with other parents, wherever they may be located. And I'm offering all of this for just like $47 a month”. 

Helen Hicks

Parenting coach


Monetize through a community platform 

If you do not want to commit to a bundle or membership model, you can monetize your course through your community. 

Most of the time, loyal students are willing to pay extra for access to a space that helps them continue learning in a more personal way. That is because communities create a sense of belonging. And when people feel they are part of something bigger, they are willing to pay for that connection. 

You can have your communities on different social channels, like Facebook groups, LinkedIn, X, etc. Yet, if you are looking to actually monetize your community, you can start on a community platform. With a dedicated community, you have more control over customization options. 

For example, with Uteach you can create a separate community for each of your courses or student groups. There is even an opportunity to manage the interactions and engagement from your own mobile app. 

Here are a few ways how you can maximize your income with online courses using communities. 

  • One of the ways is to charge a membership fee for access to your community. You can set it as a one-time fee, or a monthly subscription. 
  • Your community can also serve as a platform to upsell your existing courses. When the students engage and see the value in your community interactions, they are more likely to purchase additional courses or premium content.
  • Another way is to use the community to host paid workshops or sessions. 
  • If you are aligned with tools, resources, or courses that benefit your community members, consider incorporating affiliate marketing. You can recommend products or services that you trust, earning a commission for each sale made through your referral. 

Communities serve as the place where students who are most interested in your courses gather. And as long as you have these dedicated members, you can monetize it any way you prefer. 


Implement flexible subscription models 

Not all students seek the same level of experience when considering getting a certain course. Some of them just want to dip their toes in. Others want the full, ongoing experience. 

This is why subscription models serve as a way to provide options for your students. 

Here’s how it works. You can create a basic subscription for students who just want access to your course materials. Then, for a higher fee, you offer a premium subscription that includes live sessions, personal feedback, or even exclusive content like bonus lessons. This way, students can pick the level that fits their needs and budget. 

And for you, that means more students coming in at different price points.

According to Wordstream, the average conversion rates for different industries stand between 2-5%. This means that people who will end up buying your single-priced course will be below 5%. So, if you have an audience of 2000 people, you can expect 100 enrollments on average. 

Yes, you can make a great income for the first month. Yet, who knows what happens next month, and the following one?

That is why using a subscription model for your course business makes your income level more predictable. 

You can try different subscription models. 

  • Monthly plans. Students pay a set fee each month to access your course or community. It keeps them engaged and keeps money coming in regularly.
  • Tiered subscriptions. Offer different levels, such as basic, advanced, VIP. Each will have more benefits than the previous one. The more the students pay, the more value they get.
  • Access to all content. This works if you have multiple courses or regularly add new ones.

An example of an “access-to-all” subscription model is Pat Flyn’s Smart Passive Income course. So the students who subscribe to this will not only have access to one of his courses on affiliate marketing but also other workshops and content that is added monthly. 

Sell digital products alongside courses 

Selling digital downloads is another great way to make money with online courses. Eventually, the more options you provide for your students, the more chances there are for sales.


After online courses, digital downloads are the second most sold products by creators. The reason for that is that digital products open up passive income opportunities. Once you create them, they can keep selling without you exerting much extra effort. And when it comes to the formats of digital downloads you can sell, 7.3% make eBooks


Once you create additional offerings, you can add them to your subscription model, bundles, community, and memberships and position your course for a higher value. 

Related: How to Create Digital Downloads to Sell: 5 Steps +Template

Essential tips to sell your online course 

Subscription plans, membership, bundles, community, and digital download offers are the common ways you can make money selling your courses. And if you want these models to actually work, there are still a few factors to take into consideration. 

Consider your target audience 

Before deciding on any sales and business strategy, the first thing you need to do is identify your target audience. By this, we do not mean only their demographics and psychographic information. 


What you want to understand here is where your potential students are in their journey. Every person interested in your course has a unique path they are on, which can be broken down into three key phases: 

  • Awareness, 
  • Consideration, 
  • Decision

In the Awareness phase, potential students realize they have a problem but may not know the solutions available to them. This is your opportunity to engage them with insightful content that resonates with their challenges. For example, you can post useful articles or videos on social media platforms or your personal blog. The goal is to attract students who identify with the issues you discuss.


Once they move to the Consideration phase, they will actively look for solutions. At this point, you can share testimonials and real-life success stories. Show them how others have benefited from your expertise. 

Finally, in the Decision phase, potential students are ready to commit. Yet, they still have questions or concerns. This is your chance to engage directly and show you genuinely care about their success. 


Make evergreen courses 

An evergreen course implies that you create your content on a topic that remains relevant over time. 


Creating a course on a hot topic does not necessarily suggest making more revenue. In fact, you can find thousands of courses on popular topics that do not drive any more enrollments. 


That is why you want to make your course about a pain point or common problem in your niche that is always relevant. Think about the challenges your audience faces daily. You may think there are industries that are being updated daily, and Evergreen will not work in that case. 


Yet, every niche has foundational problems and principles that are always timeless. Let’s say you are creating a course about social media or AI. There are still approaches you can take so that people can benefit from your course for years to come. 

 

Come up with word-of-mouth mechanisms 

Word-of-mouth marketing is one of the best ways for organic promotion of your course. 


When satisfied students share their positive experiences, it creates more authenticity that potential buyers trust over advertising.


One best way to do this is through an affiliate program or a referral program. In this case you give your current students incentives to spread about your course. On a platform like Uteach, you can easily genearet affiliate links, manage your affiliate partners and commissions.    
 

Frequently Asked Questions about making money with online courses

  • How do I make my first sale with an online course? 

If you want to make money with online courses, start by reaching out to your warm audience. There are the people who already know you. It includes people in your email list, social media followers, or even friends and colleagues. 


For example, if you’ve been sharing valuable tips on Instagram, mention that you have a course on that topic. Offering a special discount or bonus to these early supporters can also give them a little extra reason to buy.


Next, create urgency. People are more likely to purchase when they feel they might miss out. You can offer limited-time pricing, early-bird bonuses, or exclusive content for the first batch of students. Most importantly, show them how your course solves a real problem they face. Your goal is to create a smooth, exciting experience from the first interaction to the final checkout.    
 

  • How do I price my online course?

To price your course, start by considering the value your course offers and the audience you are targeting. If your course solves a big problem or provides specialized skills, you can charge higher. 


Next, think about the length and depth of your course. A short, focused course might be priced lower, like $50. If you have a mini course, price it at least $57. For DIY courses, we recommend keeping it at $97-500. And for a comprehensive course, you can go over $1000. 


You can also offer tiered pricing, where the basic course costs less, and an advanced version with extra resources or coaching is priced higher. Keep your pricing flexible to attract more learners!   
 

  • How much money can I make selling online courses? 

The amount you can make selling online courses depends on a few key factors: your course price, audience size, and marketing efforts. For example, if you sell a course for $100 and reach 100 people, that is $10,000. Your potential earnings increase if you have multiple courses or offer higher-priced ones. 

  • How do I scale my online course business? 

If you want to maximize your earnings selling online courses, think about diversifying your offerings. For example, you can create more courses at different levels, bundle them together, or offer membership programs with ongoing content, as we discussed in this article.


After you have your content and necessary materials ready, automate your sales and marketing processes․ What does this imply? You can set up funnels, email campaigns, and affiliate marketing to foster the growth of your course business.

Begin transforming your expertise into income! 


Besides making your course content, do not forget to actively promote it. Use email marketing, social media, and paid ads to promote your course, and consider collaborations or affiliate marketing to reach new audiences. 


Plus, if you offer tiered pricing, bonuses, or discounts, they will help you boost sales and grow your revenue. 


If you are looking for a course platform that helps you successfully create and sell your courses, get started with Uteach. With Uteach you can create bundles, memberships, offer discounts and even create affiliate partnerships with your students. Learn more about Uteach features and start free today. 

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TL;DR
  ? Too Long; Didn't Read

To make money from an online course, start by pricing your course strategically. Offer different tiers—like a basic course, a premium version with extra content, or one-on-one coaching. You can also bundle courses together or offer discounts to attract more students. If your content is valuable and solves a real problem, people will pay for it.


To price your online course, first consider its value and the problem it solves for your audience. If your course offers specialized knowledge or advanced skills, you can price it higher—around $200 to $500 or more.


To sell your course, start by creating a strong online presence. Build a website or use a course platform where students can easily enroll. Optimize your course landing page with compelling descriptions, clear benefits, and testimonials. Offer a preview or free content like a mini-course or webinar to attract potential buyers.