Earn more on video classes The CreativeMindClass Blog
Your CreativeMindClass course price breakdown
We would like to be fully open regarding how you can earn money from CreativeMindClass and how we earn a living.
Surely you have heard about the concept of passive income. Something that works when, well, you don't. At Creative Mind Class, believe that this is essential for those who want to instruct online. More about the benefits from passive income can be read in the article "Passive income for artists. Delegate -the primary principle of an effective business in the art industry".
Contrary to other educational platforms, that tell you how much you'll make isn't as clear, we want you to succeed and ensure that you are aware of the entire process before getting involved with us.
Being an artist or a creator can be a challenge. This is why we developed a pay-as-you-earn pricing model. We charge only when you succeed. So no setting-up fees, no monthly charges, no hidden fees. In this post we will break down each class's cost in great detail There are no secrets to the amount you can earn from teaching with video classes.
CreativeMindClass Pricing Fundaments:
- Start with no cost and pay-as-you earn pricing.
- No setting-up fees, no monthly charges, no hidden fees.
- We only charge when you achieve.
- CreativeMindClass charges 8% revenue share for classes or 12% revenue share on classes featuring a community component as well as 16% revenue share on classes that have a community feature when you purchase the CreativeMindClass increase sales kit. ( Note: Revenue share does not include the processing charges that are charged by Stripe or the student invoicing fee.)
How much can you earn for your 100 USD/EUR video course?
Let's say that John is a watercolor artist who is from America. United States and wants to create a beginner's class on the subject. He's chosen CreativeMindClass to enjoy the flexibility that it gives him to create his own teaching space.
He's decided to begin by starting small, and has chosen the basic pricing. After some hands-on work on the course, and with help by the CreativeMindClass team John's lessons on video have been completed and are ready to upload them and he decided to start selling the course at $100 (incl. VAT).
Very soon... hooray! A John's Instagram followers, Nina, signs up to take the course! Nina lives in Germany which means that later Johnhas to be paying German taxes.
CreativeMindClasses's automated pricing system does the math for everyone.
Final price break-down looks as follows:
- The VAT rate for Germany 19% for Germany 19 percent
- Processing fee for Stripe payments -> 4%
- Invoicing for students using digital services 6percent
- CreativeMindClass Basic Packge fee -greater than 8percent
- John earns 63 percent of every course that is sold.
To sum up: John earns $63 per $100 class sold on CreativeMindClass.