Do you want financial freedom? Are you looking for some passive income ideas?
Creating and selling online courses is one of the best ways to generate passive income. With online courses, you put in all the hard work upfront, develop the course, and set up the sales funnel. Once you are done, you can benefit from a recurring stream of passive income for years altogether.
In the last few years, especially after the COVID-19 pandemic, many learners have shifted to online learning. Thus, the demand for premium online courses has risen significantly. And contrary to popular belief, creating and selling an online course is relatively easy and cheap. All you need is a topic you can teach, and sign up with a good online hosting platform such as Kohbee.
Thus, selling online courses to generate a passive source of income is one of the most viable options. Here, we will take you through the different steps to make passive income selling online courses. So, let’s get started.
Online courses as passive income
If you have expertise in any subject, you can create an online course and set up a parallel revenue stream. It is, in fact, one of the best passive income ideas that can provide you with good revenue for years.
Thankfully, getting started with your online course isn’t very difficult. Below we will look at the different steps to help you kickstart your passive income source.
- Research and validate a course idea
The first thing you need to build an online course is a good idea about the course topic. And you can start by asking yourself the following questions:
- What are my hobbies?
- What career experience have I gathered over the years?
- Do I have some knowledge that can benefit others?
- Do I have a solution to a common problem?
Look for something that you are passionate about or possess in-depth knowledge about, and start from there. Everyone is good at something. Once you identify your strengths and come up with a topic you can teach, creating an online course will seem relatively simple.
Make sure to outline the ideal clients that you wish to target. You can also validate your course idea by asking your target audience questions and tracking their responses.
- Choose a hosting platform for your course
With the swift growth in the virtual learning industry, many online hosting platforms have emerged. These platforms allow you to host your courses for free and get remunerated whenever somebody purchases your course. While some platforms charge a predefined amount of money on every sale, others charge you based on a monthly subscription plan.
You can browse the internet to identify different hosting platforms and choose the one that best serves your needs. Kohbee is a great platform that lets you create and sell your online courses to generate a steady passive income. Within minutes, you can launch your educator profile and start selling to a global audience.
- Develop your course content
Once you have chosen a hosting platform, it’s time to create your course content. Depending on your subject, you can select a format for your course, such as video content, PDF documents, or web pages.
Make sure to keep all the equipment handy while developing your course. You will require a good desk computer/laptop, a webcam, sound system, high-speed internet connection, and the necessary classroom props to make your course interactive.
- Market your course
Now that your course is ready, you need to deliver your course to your target audience. Marketing your course is an important step to developing a potential customer base and ultimately generating a passive source of income. If you build your website, you can market your course by developing a mailing list. You can also use your social media handles and YouTube channel to raise awareness around your course. Create a waitlist to gather targeted leads and nurture them through persuasive emails.
If you choose a hosting platform such as Kohbee, your course will automatically be marketed to potential students.
Creating and selling your online courses is one of the best passive income ideas. If you have the right knowledge and expertise on a specific subject, you can monetize it by creating a course(s) based on that subject. It is an excellent way to gain financial independence and make some extra money for creating what you are passionate about.
You can use a good online hosting platform such as Kohbee for hosting your courses. Kohbee takes care of everything, from managing your dashboard to collecting payments from students worldwide, thus saving you all the hassles.
So, go ahead and use online courses as a passive income generation stream with Kohbee today.