The Thousand Solutions Blog

How can you increase the amount of money you earn from your online course?

Jun 13, 2024

     Reader Disclosure

Do you believe that you'll earn greater income than passive with the online course you offer using self-hosted hosting?

What's inside the Switch

A Misperception of Third Party LMS Platforms

You might agree with this statistic that provides 57% percent of the makers assess the effectiveness of their courses by assessing the satisfaction of students. 23% focus on students' enrollment while 21% are focused on students' earnings.

Many creators believe it is better to use third-party LMS platforms such as Udemy, Teachable, and Kajabi due to the following reasons:

  • They're hoping it will reduce the cost of marketing, thus lessening the requirement for huge initial investments in hardware and software.
  • They are convinced that it can aid to get their product on the market with greater rate.
  • It is assumed that it's easy to use and requires no tech-related skills. It is much simpler for course developers to create courses, create courses and maintain their courses.

However, these benefits have a price like:

  1. The price of revenue sharing is increasing.
  2. 75  percent of the instructors make less than $2,000 annually, while only 1 percent of instructors make more than $50,000 per year.
  3. They could be overlooked by the crowd and demand more advertising costs for reaching those who are in the correct target market.
  4. There's not many chances for students to make friends that aren't on social media.
  5. Pages you make can't be customized or have a names in these websites.
  6. It's difficult to monitor your student's progress along the way.
  7. Insufficient engagement opportunities because of the absence of gamification and social-centric integrations.

     Introduction Courses that are provided by self    

If you're a creator of classes unhappy with the cost of education and restrictions on SaaS LMS platforms, you're not alone. Teachers across the country are experiencing similar challenges.

A better alternative is self-hosted course hosted by the platforms.

If you opt to teach your own classes, you're the instructor for your classes You can cut down on the cost of sharing the revenue while you come up with new ways to earn money.

Consider the idea...

Imagine creating your courses exactly the way you would like Then, take the hard-earned cash that you earn.

The move to self-hosted services will not only lower costs, it's about increasing the capacity of your business and creating an effective, sustainable business.

Still unsure? Check out this explanation below.

The cost from revenue sharing

If you're using one of the most popular SaaS LMS platforms to sell and oversee your online courses it's crucial to know their revenue sharing system.

They generally take a substantial amount of profit that grows quickly before consuming your earnings.

Here is a quick outline of the top methods to split revenue popular SaaS LMS platforms:

     1. Teachable

Teachable offers a variety options for pricing. Their revenue-sharing structure varies on which plan you pick. Here is what the price per year for their plans will look like:

  • The plan for free costs $1.10 plus 10% on each transaction.
  • The Standard plan ($39/month): 5 percent of the transaction cost.
  • Professional Plan ($119/month) as well as Business Plan ($499/month) It is free for transactions. They do however, have the publishing of course.

     2. Thinkific

The Thinkific platform offers various prices that come with various implications to the revenue sharing process:

  • Free Plan: There is no cost for transactions However, it has restricted in terms of choices.
  • The basic plan ($49/month) There's no cost for transactions, simply digital downloads.
  • Plan Pro Plan ($99/month) or Premier Plan ($499/month) Plan Pro or Premier Plan There's no cost for transactions however it offers one of the smallest selections in social networking online.

     3. Udemy

Udemy offers a distinct revenue sharing program that's different from Teachable, or Thinkific:

  • Organic Sales Udemy receives 50 percent of their revenue from the salesmade via their marketplace.
  • Teaching Promotions for Instruction: Instructors are only able to keep 97% of revenue generated via their own promotion (using coupons supplied by instructors) as well as Udemy is accountable for the administrative charge of 3.
  • Pay-per-click: In the case of sales generated through the pay-per click strategy used by Udemy, instructors only receive 25 percent of earnings.

     4. Kajabi

Kajabi includes subscription fees and other charges based on the following policy:

  • The Kickstarter ($69/month) and the Basic Plan ($149/month) There is charges for transactions, but these plans have limited features and products.
  • There are two options: The Plan for Growth Plan ($199/month) and The Pro Plan ($399/month): No transaction fees, but it's only restricted to the number of active students.

The Revenue Sharing models were created in order to show the expense that comes with using third-party LMS platforms. Although these platforms are reliable and effective but periodic fees as well as reductions in revenues could drastically decrease your profits.

Self-hosted hosting services can allow increase your earnings and allow you to have more flexibility in your style of presentation and also run your classes.

The following is an in-depth review of each platform.

HTML0 Analyzing Earnings Potential Comparatively: SaaS LMS vs. Self-hosted course platforms.

HTML0 Example: Let's suppose you could run a class on the internet for $ 100.

SaaS model that is used to create LMS:

  • Learnable (Basic program): If you add a transaction fee of $5, the buyer will have to be paid $5 every sale they make.
  • On sale, earnings of $195
  • Monthly Subscriptions are $39.
  • If you can make 20 sales each month, this calculation is applicable to you using the following formula: $95 x 20 times $39. $1.861.
  • Udemy (Organic Sales): If you had 50 percent revenue share and you lost $50 per sale.
  • Each time you sell, you get $50.
  • If you're in a position to provide 20 classes per month, then you can calculate the formula as follows: The formula is: 50 20x20 = $1000

Self-Hosted Solutions Examples

  • Monthly memberships up to (Most popular Plan) The cost is $33.
  • Profits per sale of $100.
  • If you are able to offer 20 classes per week, then you'll be able offer 100 times 20 = $33 equivalent to $1,967

Comparison:

  1. Teachable (Basic Plan):
  • SaaS LMS Earnings: $1,861/month
  • Self-Hosted Earnings: $1,967/month
  • The additional amount is $106 for hosting if you own it.
  1. Udemy (Organic sale):
  • SaaS LMS Earnings: $1,000/month
  • Self-Hosted Earnings: $1,967/month
  • Additional $967 for self-hosted

In the course of a year, this amount can be a significant amount. It's about $11,604 you can save during the span of a whole year!

Utilizing self-hosted platform for courses like Courses can cut costs by hundreds or even thousands of dollars depending on the amount of revenue you earn.

It's clear how much you'll save and earn by using a self-hosted solution to run your course. Let's look at the advantages of making the switch to this service.

     Advantages of Self-Hosted Learning Platforms    

Self-hosted course platforms are the best option for SaaS LMS solutions by giving total control over your courses' content and operations.

Out of all options that are available, this stands out as the most effective option especially in the instance of

Utilizing the power using the power of WordPress provides unrivalled possibilities for customization and flexibility, enabling users to build the best learning experience that matches your image and the mission of your business.

If you select self-hosted courses platforms like , you gain several advantages. Some of them are reduced costs, better control and the ability to use diverse strategies to make additional money via monetization. Take a look at our Overview of the Course Feature

We'll look at the benefits of these.

Control and Management of ownership of the Content

Being in control is considered to be one many of the strengths of an artist. This is also an essential aspect of a successful marketing campaign or branding.

Self-hosted courses on platforms such as You can customize the course to fit your company's distinctive design and.

From layout and design, through the use of multimedia elements The ability to manage your content allows you design seamless and professional education user experience that represents your company's values and aesthetics.

Content ownership allows users to use a vast array of methods for advertising with no limitations.

It's possible to make promotional bundles, distribute them, offer discounts, or make use of numerous marketing tools and plug-ins that are compatible with WordPress.

It lets you interact with your clients more effectively and to adjust your approach according to the results and feedback.

     Direct Customer Relations    

One of the most significant benefits for self-hosted classes is that they allow you to establish personal, non-mediated interaction with your students.

In the absence of any intermediary, you'll be able to talk directly to your students via personalized email or even help and feedback.

If you are the one who manages your own platform, you have access to lots of information regarding the habits of your students as well as other areas of interest. You can also monitor their progress in addition to their interests.

This is important for understanding the most effective practices in addition to how to improve your research.

After analyzing this data and analyze the outcomes, you'll have the ability to modify your teaching materials and teaching methods to meet the demands of your pupils. This can lead to higher satisfaction for your clients as well as higher retention rates.

The use of intermediaries may hinder your organization to provide quick and reliable customer support.

Self-hosted hosting solutions let you have the ability to offer a comprehensive service, with help available via forums and live chat, as well as direct messages.

Help immediately and help could significantly improve students' experiences as well as help address issues prior to them becoming more serious.

Monetization via Membership

One of the easiest ways to make money with the online classes you offer on an self-hosted site is to incorporating them into the framework of a membership.

Memberships have the advantage that they promote ongoing engagement which results in greater retention since the customers can gain through their membership.

Offering the complete library of resources for regular fees, it will provide substantial value, and will make students more likely to sign up.

Communities with features such as forums and live Q&A session provide a sense of community to members, and boost the loyalty of your customers towards your website.

This method increases the value of learning it offers your students and also generates regular recurring revenue.

Base Body Homepage
The body-loving, base girls

They also offer online sessions and individual training workouts at their gym located in Sydney, Australia.

Through the use of Base Body Babes' website , Base Body Babes manages the paywalled content by offering exclusive services through their website. It gives users access to gyms and home workout classes, as well as recipes.

The system allows them to earn regular money while also providing an advantage to their communities.

     Fixed costs and unlimited expansion    

Below is a breakdown the expenses listed below:

  • Web Hosting
  •       Domain Registration      
  • LMS Software and Plugins
  • includes four pricing levels :
  • Basic: $179.50/year, suitable for beginners.
  • Additional costs: $299.50/year Includes additional features and integrations.
  • Pro: $399.50/year, ideal for companies that require advanced technology.
  • The Elite plan: $499.50/year, great for businesses and entrepreneurs with goals.
  • Additional Charges:
  • SSL certificates help ensure security for transactions ($0 for up to $100 annually) typically found as part of hosting services).
  • The fees that payment gateways cost (typically about 2.9 percentage, plus $0.30 for each transaction).

The reason why you should go with Us ? We'll let you know the cost of our services and what you can expect to get...

Pricing:

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

HTML1ROI (ROI):

To determine your return on investment, let's suppose you select the Plus option at $299.50/year. If you're able to give a course package or a membership at $100, and only offer three monthly memberships that means your monthly earnings are $300.

Over the course of a year, this is roughly $3600. After deducting hosting charges ($299.50) and the hosting cost ($240 for a monthly cost of 20 dollars per month) this is $3,061 as the net annual gain.

The analysis suggests that even if you make only a tiny amount The return on investment is substantial, making it the most effective option for cost savings for you!

Evaluation of the Scalability Possibilities at no extra cost per user or Content

One of the main benefits that hosting your own course comes is the ability to grow.

In contrast with SaaS platforms, they're priced in accordance with the user's needs, or as an amount dependent on a percentage. They permit you to expand your business without having to pay to make additional expenditures.

Here's how:

  • unlimited users Once your website is running, it is possible to allow members to join your site in an unlimited amount for free. Costs will remain the same regardless of the extent of the membership's expansion.
  • Flexible Content: The HTML0 platform allows you to create and create unlimited lessons, classes as well as membership levels. You can expand the possibilities of the sources of your income, without worrying about fees that will increase.

Fixed-cost systems for self-hosted websites like this offers predictable costs and a lot of possibilities for growth.

With an scalable platform, and no extra costs per user, you'll have the ability to grow the number of customers can accommodate and the data that you share, thereby increasing your profits and providing steady growth.

There's more.

     Integration into business Tools    

Self-hosted websites like they can be used for using different software tools to enhance the process of business, increasing efficiency of the entire process and offering insights about the behavior of students and how they are impacted by the quality of the application.

Here's how:

     2. CRM Systems:

     3. Analytics Tools

     4. Calendar/Scheduling Tools:

     5. Form/Survey Builders:

     6. Payment Gateways:

More details are available for connecting your account with enterprise tools. Learn how to improve your Memberpess website by incorporating plugins and integrations

It's time to make the Switch to self-hosted

If you're convinced about the advantages of changing SaaS LMS platforms to self-hosted platforms, this is the info that you should consider:

Change your mind!

The transition from switching to the SaaS LMS platform and then to self-hosted courses such as those aren't easy, but it's achievable if you're aware of how to do it.

This step-bystep guideline will assist you in following the procedures.

     The first step is to begin by definining a method    

  • Check out The Current Platform Examine the current SaaS LMS platform's features, specifics, and limits.
  • Goals Definition Find out the objectives you want to accomplish in the process of transition (e.g. lower costs, better control).
  • Make a Migration Plan In the outline. You must specify the deadlines, tasks and accountability. It is recommended to keep archives of your entire information.

     Next step: Set up your Self-Hosted platform that you've created.    

  • Install Install and purchase the plug-in from your WordPress site.                    Check out the Video Tutorial about what to do in order to set up the Plugin

     3. Export Information via SaaS Platform

  • backup of your data Make sure you keep copies of the course's content, the user's information with any other relevant details.
  • Export Content Make use of the tools to export included in your SaaS LMS to download essential information such as personal information about the user, and other files.

     Step 4 Import Data    

  • Uploaders Make use of either manual or software techniques to download information of users, ensuring that they have access to the information throughout their academic studies if they've already been in school.

Step 5: Step 5: Settingup

  • Members Levels You are able to define the levels of membership you would like to have that are compatible with the structure and organization of your organization.
  • Payment Gateways Install payment gateways, such as Stripe or PayPal to ensure safe transactions.
  • Customization This feature lets you modify the look and layout of your website in order so that it reflects your brand's style.

6. Test It All

  • Test of functionality Verify that you've got access to all the features, including accessibility to classes or membership levels, and that payments processing functions are running properly.
  • user experience examine the experience experienced by the student from registration through course completion to ensure a user-friendly and seamless experience.

The time is now to get started!

     Step 7, Step 7., Start and market    

  • notifies users let your current users know of this new feature and clearly explained instructions while also helping them access the most recent technology.

HTML1 HTML1 Five ways to ensure an easy transition

  • The plan full, with specific timelines, backups, as well as the time line of your files.
  • They provide the latest information for users, and also provide assistance.
  • Check the function carefully to make sure it isn't causing interruptions.
  • Utilize the resources available and the guide for moving. Begin by examining a tiny portion of the information for issues to be addressed before moving to.
  • Provide regular support, by providing Help desks and FAQs, in addition to evaluate the performance of your program in addition to making adjustments based on to feedback.

Following these steps and adhering to these instructions You will easily transition from an SaaS LMS to self-hosted software that allows the total control over contents you create as well as increasing the amount of revenue you earn.

A Quick Review

We've done a lot. come.

The first issue we discussed was the disadvantages of using third-party LMS platforms for facilitating online course's income production.

The discussion also included the significant benefits that self-hosted classes and platforms give, like the complete control of contents, reduced costs as well as increased control of branding and marketing.

Also, we conducted analysis and were able to convince you why using self-hosted learning platforms like Courses could represent a major shift in your company's game.

It's also crucial to be aware that, should you remove the cost of revenue sharing and leverage platforms like Courses, then you will be able to create the foundation for a financially sustainable and viable educational online business.

It is important to evaluate the cost that your current system is imposing in comparison to. the benefits. If you're already using the benefits of WordPress and want to reap the benefits, then consider a solution to increase your odds of growing as well as making money.

Comment below in the comments if you're switching to self-hosted courses like Courses. We're happy to help with the questions.

Sarah O Sarah is passionate about removing the technical nitty the nitty gritty of plugins, websites and digital marketing. As a contributor to content to Member Press, she has a knack for writing engaging and valuable writing. Sarah plays a major role in instructing and convincing users to make use of the features offered by Member Press plugins. With a mix of knowledge in the field of technology as well as artistic talents, her goal is to make sure that each article isn't just informative, but also stimulates. In her spare time, she's fascinated by the latest technologies as well as trends in the world of marketing via digital. She is always looking for innovative ways to increase customer satisfaction.

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