Lex DeVille
Sweeping Shadows From Dreams
FASTLANE INSIDER
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Udemy sucks for the most part.
It generates passive income if you have a topic people are thirsty for AND if your course is one of the best.
The top monthly revenue for weight lifting is $31 and Udemy takes a big cut of that. Does that seem like a "nice passive income" to you?
It gets a little better if your courses are about "body building" at $117. But again, that's the TOP monthly revenue -- which goes to the BEST courses with the BIGGEST audiences who spend time doing NOT passive things to get people to their course.
If you go this route (and this is based on experience) you can expect:
1) To make a little bit of passive income
2) To spend a lot of time producing course after course if you want to grow
3) To spend a lot of time building an audience and promoting courses if you want to make money
4) Giving most of your money to Udemy if you want it to be passive
5) Not making much money for the first 1-2 years, and then making a lower middle-class income after that assuming you built an audience during that time.
I have 3 courses generating passive income with over 300 students. But I have 1400+ YT followers, 500+ people on my mailing list, and a bunch of people around here recommending those courses. I make $300 - $350 a month passively from all of that and my courses regularly rank higher than Seth Godin's on the same subjects. Also I published over 200 videos on YT and spent the last 3-4 years getting better at talking on camera. The courses take a minimum of half a month to create.
So if you're going to create courses, I would seriously ask yourself if Udemy is the best use of your time. Because it can just as easily trap you into a lot of work for very little return.
But if you just want to make a couple hundred bucks extra each month, it might be worth it for you. Especially if you can tap into that audience of 31,000. But if you do that, you should expect to give up an additional portion of your profits to the promoter, even if he is your instructor. That's how you create value.
Still, if you really believe you can create an awesome training on this subject, I personally wouldn't recommend Udemy as the way to go. Put it on teachable, set the price higher, tap into the power of social influencers, and share some of the profits while making both yourself and others a much higher return than you'll make on Udemy.
It generates passive income if you have a topic people are thirsty for AND if your course is one of the best.
The top monthly revenue for weight lifting is $31 and Udemy takes a big cut of that. Does that seem like a "nice passive income" to you?
It gets a little better if your courses are about "body building" at $117. But again, that's the TOP monthly revenue -- which goes to the BEST courses with the BIGGEST audiences who spend time doing NOT passive things to get people to their course.
If you go this route (and this is based on experience) you can expect:
1) To make a little bit of passive income
2) To spend a lot of time producing course after course if you want to grow
3) To spend a lot of time building an audience and promoting courses if you want to make money
4) Giving most of your money to Udemy if you want it to be passive
5) Not making much money for the first 1-2 years, and then making a lower middle-class income after that assuming you built an audience during that time.
I have 3 courses generating passive income with over 300 students. But I have 1400+ YT followers, 500+ people on my mailing list, and a bunch of people around here recommending those courses. I make $300 - $350 a month passively from all of that and my courses regularly rank higher than Seth Godin's on the same subjects. Also I published over 200 videos on YT and spent the last 3-4 years getting better at talking on camera. The courses take a minimum of half a month to create.
So if you're going to create courses, I would seriously ask yourself if Udemy is the best use of your time. Because it can just as easily trap you into a lot of work for very little return.
But if you just want to make a couple hundred bucks extra each month, it might be worth it for you. Especially if you can tap into that audience of 31,000. But if you do that, you should expect to give up an additional portion of your profits to the promoter, even if he is your instructor. That's how you create value.
Still, if you really believe you can create an awesome training on this subject, I personally wouldn't recommend Udemy as the way to go. Put it on teachable, set the price higher, tap into the power of social influencers, and share some of the profits while making both yourself and others a much higher return than you'll make on Udemy.