This article contains affiliate links, which means I may receive a small commission, at no extra cost to you, when you make a purchase!
Do you know one of the most important things I’ve learned working online? The importance of diversification. Don’t put all your eggs in one basket. DON’T.
People usually ask me how much I earn working online as a transcriber. Well, you can earn around $500 per month and even more if you outsource. But the key is to diversify. Don’t be comfortable having one income stream. You can earn from different avenues and one such avenue is having an ecourse.
Around November 2013, I discovered that there was a lot of interest in online transcription work. When I Googled to find out about transcription training, I found a few resources but they charged $99 dollars and some even more. I figured I could compile my own training on transcription, and sell it to others but at a cheaper price. And so I set up my training using Aweber – an email marketing service and I’ve earned up to $800 dollars in a month. That is very conservative considering big time bloggers can make much more than that.
What I love about my Transcribe Like A Pro E-course is this: I wrote the content over a year and a half ago, and I haven’t made significant changes to it. It’s passive income. Of course I always make sure that when there are changes in what my ecourse is about, I edit it, for example Odesk recently changed its name to Upwork, so I had to change that. However, I did the bulk of the work over a year and a half ago.
So, over to you. Is there something you are really knowledgeable about? A certain skill that you have? What are you so passionate about that you can teach others on and make money? I can assure you that if you have that special knowledge, people will want to pay to get that information. It might not even be very special knowledge, but you have a unique way of sharing that knowledge.
Are you a great web designer? Teach people how to code a website. Are you an article writer? Teach people to become great article writers, and all about grammar, syntax, spelling, etc. Maybe you are a blogger – teach others how they too, can become awesome bloggers. Teach them the tricks, tips and techniques you’ve gathered in your career.
So, how do you go about this? What must you consider before you also set up your own ecourse?
1. For you to sell your ecourse successfully, you will need to do research to find out what already exists in the market. You need to have a profitable idea. What you create should be something people want to learn about. Find out what people are asking about in your niche. One of the best ways to find out this is to join Facebook groups. From here, you will discover what your ideal audience is grappling with. What are some of the problems that people have which you can offer a solution to?
2. There also needs to be a demand for what you are teaching in the market. If there is no demand for what you are teaching, how will you make money from it?
How To Market Your E-course
1. You can sell it to your email list. An email list is simply a list of addresses to which you send information regularly. Again, I use Aweber for this purpose.
2. Social media. Market your ecourse on Facebook, Twitter, LinkedIn and other social media.
However, you must realize that this is not a get rich quick scheme. You will not set this up and start earning $1,000 within a week.
Once you create your ecourse, you can make it a series of follow ups like this:
What’s awesome about this is that the lessons are sent automatically. In my case, lessons are sent after every 24 hours. So instead of having to send email after email, Aweber sends out an email automatically. Easy peasy!
How About Competition?
There will always be competition but that should not stop you from creating your ecourse. Ask yourself, what is unique about your online training. It could be your ecourse is much more practical or it’s easy to implement.
Once you start selling the ecourse, ask your trainees to share with you their thoughts. Don’t be afraid of constructive criticism. Ask them if you can use their comments as testimonials. This will go a long way in helping you market your ecourse.
More Tips About Your Ecourse
- Try to make each lesson easy to follow by covering only one or two major ideas at a time. Make use of lists, headings, images and videos.
- Ask questions at the end of each lesson and include assignments.
Setting up your online training will allow you to reach so many more people than teaching in a physical location. You don’t have to worry about time zones or location.
Take home point: Diversification is key in your online business, and if you’ve got the experience and the skill, then one way to do that is to start your online training today. Feel free to sign up with Aweber and set up your online training.
You know the drill awesome people! Share this post. Sharing is caring. 🙂