30 essential facts about buying and selling online courses:
Platform fees for selling courses online can vary depending on the platform you choose. Here's a breakdown of typical platform fees for some popular online course marketplaces and platforms:
1. **Udemy**:
- Udemy charges instructors a revenue share for courses sold on its platform.
- For organic sales through Udemy's marketplace, instructors typically receive 50% of the course sale price if the student purchases through Udemy's organic channels.
- For sales generated through instructor promotions or coupons, instructors typically receive 97% of the sale price.
- Udemy may also charge additional fees for marketing services or course promotions.
2. **Teachable**:
- Teachable offers different pricing plans for course creators, with varying levels of features and fees.
- The basic Teachable plan has a transaction fee of 5% on sales made through the Teachable payment gateway, in addition to payment processing fees.
- Higher-tier plans (such as the Professional and Business plans) have lower transaction fees and additional features, but they come with higher monthly subscription costs.
3. **Thinkific**:
- Thinkific also offers tiered pricing plans for course creators, with different levels of features and fees.
- The basic Thinkific plan has a transaction fee of 10% on sales made through the platform, in addition to payment processing fees.
- Higher-tier plans (such as the Pro and Premier plans) have lower transaction fees and additional features, but they come with higher monthly subscription costs.
4. **Skillshare**:
- Skillshare operates on a royalty system, where instructors earn royalties based on the number of premium minutes watched by students in their classes each month.
- The exact royalty rate can vary and is influenced by factors such as the number of premium minutes watched across the entire platform and the instructor's premium referral bonuses.
- Skillshare also offers incentives and bonuses for instructors who refer new premium members to the platform.
5. **Coursera**:
- Coursera typically partners with universities and educational institutions to offer courses, and the revenue share arrangement can vary depending on the partnership agreement.
- For individual instructors or organizations that want to create courses on Coursera, the platform may negotiate revenue sharing terms based on factors such as course quality, demand, and market positioning.
- Coursera may also charge fees for additional services such as course development support, marketing, and learner support.
6. **Kajabi**:
- Kajabi offers subscription-based pricing plans for course creators, with varying levels of features and fees.
- The basic Kajabi plan has a transaction fee of 0% but comes with higher monthly subscription costs.
- Higher-tier plans (such as the Growth and Pro plans) have lower transaction fees and additional features.
These are just some examples of platform fees for selling courses online, and there are many other platforms and marketplaces available with different pricing structures. It's essential to carefully review the terms and conditions of each platform and consider factors such as transaction fees, subscription costs, revenue sharing arrangements, and additional services offered when choosing the right platform for your online course business.
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