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Your CreativeMindClass Course Price Breakdown
We would like to be 100% open regarding how you can earn money from CreativeMindClass as well as how we make a living.
You've probably heard of an income stream that is passive. It's a method of earning money when it's not. At Creative Mind Class, believe that it's fundamental for artists who wish to instruct online. More about the benefits from passive income can be read in the article "Passive income for artists. Delegate -- the first step to a successful business in the art industry".
Contrary to other educational platforms, that tell you how much you'll make isn't as clear and we'd like you to succeed by understanding all elements before you get into business with us.
Earning a living as a creative and an artist can be a challenge. We've designed an income-based model that pays as you earn. Only once you've succeeded. So no setting-up fees, no monthly charges, no hidden fees. In this article we breakdown the cost of a class in depth, no more secrets of what you make teaching with video classes.
CreativeMindClass Pricing Fundaments:
- Free to start with pay-as-you-earn pricing.
- No setting-up fees, no monthly charges, no hidden fees.
- We only charge when you achieve.
- CreativeMindClass offers 8% revenue share for classes which is 12% on classes with community feature and 16% share of the revenue for classes that have a community feature when you purchase the CreativeMindClass increase sales kit. ( Note: Revenue share doesn't include the processing charges charged by Stripe and the student invoicing cost.)
What is the amount you will make for your $100 USD/EUR online course?
"Say, John is an artist and watercolor artist who is from the United States and wants to design a beginners' class on the subject. He's chosen CreativeMindClass for the freedom it gives him to create his own space for teaching.
The course is going to be small so he's opted for the Basic pricing option. After some hands-on work on the course and support from the CreativeMindClass team John's lessons on video are done and he's prepared to publish them. it was decided to launch the course at the price of $100 (incl. VAT).
Soon... Hooray! A John's Instagram followers, Nina, signs up for the course! Nina is based in Germany so later on Johnhas to be paying German VAT.
CreativeMindClasses's automated pricing system does the math for everyone.
The final price breakdown appears as follows:
- The VAT rate for Germany -> 19%
- Stripe payment processing fee -> 4.4%
- Student invoicing fee for digital services 6percent
- CreativeMindClass Basic Packge fee -greater than 8.8%
- John earns -> 63 percent of every course sold. It's easy and hassle-free.
For a summary: John earns $63 on each of his $100 class that is sold on CreativeMindClass.