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Your CreativeMindClass Course Price Breakdown
We'd like to be completely transparent on how you could earn money using CreativeMindClass as well as how we earn a income.
Perhaps you've heard about passive income. It's a method of earning money when well, you don't. At Creative Mind Class, believe it's essential for those who want to instruct online. More about the benefits from passive income can be read in the article "Passive income for artists. Delegate -the primary rule of a thriving art business".
Contrary to other educational platforms, that tell you how much you're likely make isn't as clear We want you to be successful by understanding all elements before you get into business with us.
Being a creative and an artist can be a challenge. We've designed an income-based model that pays as you earn. You only pay for the time you are successful. So no setting-up fees, no monthly charges, no hidden fees. In this article we will break down the cost of a class in depth, no more secrets of the amount you can earn from instructing with video classes.
CreativeMindClass Pricing Fundaments:
- Start with no cost and pay-as-you earn cost.
- No setting-up fees, no monthly charges, no hidden fees.
- We charge only when you succeed.
- CreativeMindClass costs 8% of revenue share on classes, or 12% of revenue share on classes with community feature and 16% of revenue share for classes that have a community feature when you purchase the CreativeMindClass booster sales kit. ( Note: Revenue share does not include the processing charges that are charged by Stripe as well as the student invoice fee.)
How much will you earn for your 100 USD/EUR video course?
Say, John is a watercolor artist who is from America. United States and wants to develop a basic class on the subject. He's chosen CreativeMindClass to enjoy the flexibility that the company gives him in creating his own teaching space.
He's decided to start small so he's opted for the Basic pricing option. After a few hours of hands-on learning about the course, and with help from the CreativeMindClass team John's videos are complete and ready to upload them and he decided to start selling the course at $100 (incl. VAT).
The course will be available very soon... Hooray! The one of John's Instagram fans, Nina, signs up to take the course! Nina is based in Germany and, as such, Johnhas to be paying German tax.
CreativeMindClasses's automated pricing system does the math for everyone.
The final price breakdown will look like:
- The VAT rate for Germany = 19 percent
- Processing fee for Stripe payments is 4%
- Fee for student invoicing on digital services -> 6%
- CreativeMindClass Basic Fee for the Packge is 8.8%
- John earns -> 63% of every course sold, hassle-free.
For a summary: John earns $63 for each $100 class sold on CreativeMindClass.