If you're looking for a beginner's way to grow passive income online, then learning how to make money with Udemy or one of the growing bands in the online course markets is a great place to start.

You don't need to purchase a domain name, set up hosting, create a Clickbank account, upload videos to Amazon S3, or do any of the many tasks you normally do when starting an online business.

Of course many internet marketers are repurposing some of their content for sites like Udemy, but in this post Greg Jeffries reveals his "lazy strategy" and how he ultimately made money online.

In addition to Greg …

As I grossed over $30,061 in 12 months using "Content Stretching" and online course marketplaces.

Wouldn't it be great if you only knew that ONE thing you could do for a few hours a day or week, which was pretty simple and produced predictable passive income?

It's kind of a dream, isn't it?Either that or having someone just dump a BIG pile of cash into your bank account overnight that you didn't have to work for at all🙂

But the reality is that you typically have to push and grind and fail LONG before you find those magical unicorn income streams… if they even exist.

Well, I've been online for about 10 years and I have the typical story you've heard multiple times.I struggled a lot … But in the end I found something very simple that worked for me.

And the great thing is that it's one of those rare gems of income streams that don't take a lot of time, a lot of money to get started, you don't already have to be an "expert" in your niche… And you don't have to be a master at copywriting, marketing, or affiliate recruitment.

It's a simple strategy I like to call "content stretching."

Now, I appreciate that for some of you $30,061 isn't a lot of money – but it's real!

Sure, some of these Gurus are making millions, but the point of this article is to share how I ended up earning money online.Hopefully, if you're still struggling to earn your first dollars online, this will help.

The good news is that my results are extremely average or maybe even low compared to other brand new instructors, so I want to point out that this is something you can absolutely do… And I truly believe that if you do, you will succeed.

What the hell is "stretching the content"?

Content extension essentially consists of taking content and exploiting it as much as possible by spreading it to as many different markets and media as possible.

In previous results I chose online marketplaces like Udemy and Skillshare.

It's a simple strategy I like to call "content stretching"

It's a simple strategy I like to call "content stretching"

How to Make Money Using Udemy and Online Course Marketplaces

What do you need to get started?

All you need to get started with are these few elements…

1) Computer / Laptop – I use a Macbook Pro (I know they are not cheap but definitely worth the investment)

2) A decent microphone – you don't have to be a super master sound engineer and go out to sea here.The microphone I use is a Blue Yeti USB microphone that you can pick up on Amazon for around $100. I also recommend choosing a cheap pop filter to block out additional noise.I bought a black Whisperteknik foam windshield that you can also find on Amazon.

3) Screen recording software – I have a Mac and I highly recommend ScreenFlow, but if you are using a PC, I recommend Camtasia. Both of these software are extremely simple and intuitive to use.Don't worry, you don't need a master in video editing and motion graphics to create high-quality videos with these tools.

In any case, Udemy has many cheap online courses
icon

icon if you want to increase your video production.

In addition to the above, I recommend recording in a quiet place so that you do not receive much noise or feedback.Good audio is a priority for many course markets.

TIP #1: As I mentioned, you do NOT already have to be an "expert" or what you think is the absolute highest authority in your niche to be good at this or to succeed.Most of the courses I posted were just my rounds on the content of the courses I had just purchased and consumed.You probably already know a lot more about a given topic than most people, but if you're absolutely drawing a blank space when ideas for teaching content come to mind, just get a subscription to Lynda.com — it's just like $25/month.Take a couple of courses that interest you and teach those things you've just learned.I guarantee that, if you do, you will absolutely pay at least the cost of your subscription within your first 30 days or less IF you take action.

TIP # 2: Also, if you are worried about being in the camera or don't like your voice, you just need to overcome that fear and overcome it.When I started I also sucked, but I improved and improved over time.However, to this day I still cut all my ahhh and umm – I almost never recorded perfectly on the first try.

TIP #3: If you're worried about not being "savvy enough" for people to buy from you, don't let that stop you from taking action.If you have awesome, great credentials, you can use them in places like your profile or bio for these platforms.But if not, it's okay, just be honest.But also be creative with it and try to squeeze out all the strengths and achievements you have achieved in your life, because your profile is really your opportunity to brag about all the things you have done and shine … A bit like the letter cover of a resume.The most important thing is that people want to buy from others who they love, trust and who are real and genuine and know what they are talking about.And although you may not yet consider yourself the most experienced "expert" in your entire niche, for the person who knows absolutely nothing about what you are creating a course, you are a little more experienced than them.So, again, don't let that fear stop you.

create passive income using Udemy

create passive income using Udemy

The step-by-step system for creating online courses that produce passive income

The "content extension" system for online course marketplaces is extremely simple and is basically: Learn.Make.Teach.

– Go learn something

– Do it, so that you know what you are talking about and can speak from experience when teaching

– And then teach what you just learned to others

It's really that simple.

Create a course outline

Now, in order to get things flowing as fast as possible, I like to plan a simple outline for the courses I create.

To do this, think about what you want to teach and then find out how you can break it down into simple steps.Each step will be a separate lesson or video.

I generally try to do most courses about an hour or so.Now, it might seem like a long time.But to make it really easy for myself, I spend each step in short videos.

If you were to teach something that included 12 steps and you needed an hour of content, that would only mean talking for 5 minutes about each step, which anyone can do.

So, when you're done, you just need to assemble all the pieces and now you have a full hour course.

How to resize your system

So, each course platform is slightly different but also has many things in common.

That's how I like to structure and plan my content so that, when I'm done with my course, I can scale it as easily and lazy as possible.

I create a full course, usually about an hour in total length, consisting of several smaller lessons usually 3-10 minutes each.

I also create an image to represent the course and what I am teaching.Make the image 1280 x 720 (it can be smaller, but keep the same aspect ratio).

This structure will make it easier to resize once finished.

Some platforms want you to have full courses, some are only fine with mini lessons, others like grouping your courses, etc.

So, by setting up your courses this way, the most you'll ever need to do when adding to different markets is perhaps adding/removing some lessons, creating a different intro video, or adding a text description to individual lessons.

What are some of the most popular course platforms?

Udemy – this is basically the Google of online course marketplaces.It is the largest and most popular.

Skillshare – my recommended place to start because they allow you to upload individual lessons.Each lesson must be at least 10 minutes.This platform will be the easiest and fastest to scale since there is no course approval process and it will put some money in your pocket.

StackSkills: This is another great platform that has a wide reach and can promote your courses to the general public for exposure.They like to promote courses as packages, so you'll need to have a few complete courses put together before you reach them.

ULearning – this is a newer platform.It's very similar to Udemy and makes it easy to upload and publish content, but I'm not 100% on how this will fit, as at the time of my writing this one just launched.

Amazing: This is also a more recent platform launched by Matt Clark, one of the people behind the extraordinary success of the sales machine.This is a unique platform and hybrid type between Skillshare and Udemy.It's worth a look because I believe there will be a greater chance of earning more revenue on this platform than other marketplaces, but it might be worthwhile to get your feet wet in a place like Skillshare or Udemy.

SkillShare Online Video Training That Produces Passive IncomeSkillShare Online Video Training That Produces Passive Income

Common Questions About Online Course Marketplaces

Do you do any offsite sales?

Actually, no. The whole reason I leverage these online marketplaces is because they already have traffic and an audience and are doing their paid marketing and SEO to build their members.That's why I love this system and think it's great for beginners.You will literally make sales just from being in these markets.I don't care if you have a course of underwater baskets, in the end you will make sales just by introducing yourself. It's that simple. Of course, if you wish, you could promote yourself, for example on your Facebook profile, via your blog and Twitter.

How can I get good reviews for my courses?

On many of these platforms you have the opportunity for students to leave reviews.We all know the power of reviews because of sites like Amazon.Reviews are extremely powerful and provide social evidence that helps boost sales and profits.But to get good reviews don't think too much about things.Number one, focus on creating the highest quality and valuable content you can on your topic.You can then ask students at various points in the course to take action and leave a positive review or rating if they liked the content inside, to encourage others to sign up.You can also incentivize them in some way in exchange for a review, such as sending them a content update or a free report, video, or interview.That's really all I've ever done. Keep it simple.

When do I get paid?

Each of the platforms differs in how you get paid, when you get paid, and what they pay you in.But you typically pay a full month after the current month.For example, if you earn $1000 in August, you'll typically get paid during the first week of October.But some pay on the 1st and 15th or later in the month.The most important thing for beginners is just getting started.Once you start getting results, you can start planning your months to achieve your financial goals.As if you want to reach a certain earning goal by March, you really have to be very busy in January because March will be the month of payment of January efforts and activities.

How much of a cut (%) does the online course marketplace take?

This varies, depending on the company.But let's look at Udemy as an example.There is a good number of options available depending on how the client found the course.(through an affiliate, via Udemy, or directly through instructor promotion)

For example, if a student purchases your course using an instructor coupon code, either from promotions for your audience (for example, your email list or YouTube subscribers) you can make a 97% revenue share.Alternatively, if the course is sold through an affiliate, the division is 50% affiliate, 25% instructor, and 25% Udemy.If the sale comes directly through the Udemy website (not an affiliate or instructor promotion), the split is 50% Udemy, 50% instructor.

You can earn a lot of money with Udemy but you enjoy everything in life – the more effort, the more rewards!

97% are very generous, but you have to find the customer.I've been happy for Udemy to do sales, marketing, and driving traffic – which in most cases means a 50% share of revenue.

A simple, scalable and sustainable passive income system

So that's it.

A simple, scalable and sustainable passive income system that is completely beginner-friendly, that doesn't require many resources to get started, and that you can still have huge success with… Even if you suck at selling or driving traffic.

I encourage you to act and implement this system.It's so hard to fail with this system that I pretty much guarantee that if you take action you'll see results.And once that's done, I think you'll be amazed and you'll be hooked. Look, if a slightly lazy Introvert like me manages to make money with Udemy and the online course markets, it should work for most people!

If you are interested in a more in-depth explanation of the video lesson of this system or are curious about other simple, scalable and sustainable passive income streams that I use and recommend, I invite you to take a look at IMSource Academy where I share all my best tools, resources and systems along with my personal support and help.

Earn money with Udemy resources

=> Wistia Course Creation Compilation – A collection of videos about video lessons for the content creator – 1 hour of training.(Free)

=> A SlideShare presentation – 16 tips on how to make money with Udemy.It's worth checking out some additional ideas and tips on how to get Udemy up and running.

=> As 10 instructors earned $1.6 million on Udemy in one year. For those of you who aspire to make much more than $30000 PA, plus a little more Udemy and opportunity.

By ibdi.it