Have you been wondering that all the instructors on Udemy are making a fortune? How much can you earn on Udemy? Are the earnings shown on Udemy true? Are all the instructors on Udemy earning in millions? Well when you look at the figures for any successful course of Udemy, this is what you will try to get an impression. Even if you try to search Udemy support site, there is no clarity of what people are earning other than the few people who are extremely successful and making millions of dollars.
Here are a few people how have made fortunes through Udemy. These three of Udemy’s top instructor achievements include (data last updated by Udemy 2015):
- Rob Percival’s courses have reached nearly 120,000 students and exceeded $2.8 million in total earnings.
- Victor Bastos has reached more than 52,000 Udemy students with his courses, which have earned nearly $900,000.
- Alun Hill’s courses have been accessed by nearly 47,000 Udemy students and have earned about $650,000.
Do all the instructors earn millions of dollars?
So, I thought let me explain you about these earnings shown on Udemy. How true and reliable these figures are and can you really make a sense out of it. It should not happen that you start with a false hope and then when the time passes by, you will know the hard reality. You need to market your Udemy course to reach to the larger audiences.
So, How much can you earn on Udemy – Are the earnings shown on Udemy true?
Well to give you a straight answer, you can not make out the actual income / earning of an instructor looking at the course. You can only do some guesswork which might not be true.
If you have been marketing your Udemy course well, then you can see a huge increase in your income, but that’s not the case with all the courses out there.
Let me walk you through my example. Lets first look at my course:
Now let us look at the total registration that I have on this course. So its indicating that I have 2688 Registrations.
Now let us look at the cost of the course. It’s indicating that I can get this course at Rs. 770 ($11.99)
So if I rely on these figures then till date I should have earned 2688 X Rs. 770 = Rs. 2,069,760 ($32,229) in just 20 days.
So, do you think you can earn so much on Udemy? Well, the answer is NO.
Now let me share the income that I have made in the last 21 days. It’s $193.17.
Now you can see a huge contrast in the figures that you project and the actual that you get.
There are several reasons for that.
People offer free courses to the leaners
Since people offer free courses to the learners so it becomes extremely difficult to ascertains how many free and how many paid registrations are there for any particular course. You will never be able to get an idea of this number
You get 20% – 50% of the amount at which the course is sold
In case the discounted price is Rs 770, then I will get anything between 25% to 50% of this amount depending on the source through which the registration to my course has happened.
There are 4 ways through which the registration can happen:
- Organic Search
- Affiliate Program
- Ad Programs
- Your own network
If you look at the revenue that I get ranges between 20% to 50%. In case if the registration is through the Udemy Organic source then I get 50% of the price paid by the learner else I get less.
In case you are getting a registration through your own link, you will get 97% of the amount at which the learner has registered.
So there is a lot of variation that happens.
Udemy has the policy of promotional pricing, so a price that you see today will be different than you might have seen it yesterday or it might be different tomorrow. So as a third person, you will not come to know at what price, people have registered.
So I believe now you must have got an answer to how much can you earn on Udemy and are the earnings shown on Udemy true?
In case you want to earn more from your demy course, you should look at the tips before launching your Udemy course.
But other than Udemy there are other platforms also where you can publish your courses and earn money. Also, you can have your own blog and you can earn money from your blog as well.