Earn more on video classes The CreativeMindClass Blog
Your CreativeMindClass cost breakdown
We want to be completely open about how you would earn money using CreativeMindClass and the way we earn our living.
You've probably heard of the concept of passive income. It's a method of earning money when it's not. Creative Mind Class Creative Mind Class, believe that it's fundamental for those who want to offer online classes. For more information on the advantages of passive income , you can read in the article "Passive income for artists. Delegate -the primary principle of an effective art-related business".
Contrary to other educational platforms, that tell you how much you're likely make isn't as clear and we'd like you to succeed by understanding the entire process before getting to work with us.
Earning a living as a creative and an artist isn't easy. That's why we created an income-based model that pays as you earn. We charge only when you succeed. So no setting-up fees, no monthly charges, no hidden fees. In this post we will break down the cost of a class in depth, no more secrets of how much you earn on teaching with video classes.
CreativeMindClass Pricing Fundaments:
- Free to start with pay-as-you-earn cost.
- No setting-up fees, no monthly charges, no hidden fees.
- We charge only when you achieve.
- CreativeMindClass costs 8% of revenue share for classes which is 12% for classes that have a community feature and 16% share of the revenue for classes with community feature with the CreativeMindClass boost sales kit. ( Note: Revenue share is not inclusive of processing fees which are charged by Stripe as well as the student invoice cost.)
How much will you earn from your 100 EUR/USD online course?
Say, John is a watercolor artist who is from America. United States and wants to develop a basic course on the topic. John has chosen CreativeMindClass because of the flexibility it gives him to create his own space for teaching.
He's decided to begin with a small amount, so he's chosen the Basic pricing option. After some intensive work on the course, with support by the CreativeMindClass team John's lessons on video have been completed and are ready to upload them and the decision was made to begin selling the course for $100 (incl. VAT).
Soon... Hooray! A John's Instagram followers, Nina, signs up for the class! Nina lives in Germany so later on Johnhas to pay German tax.
CreativeMindClasses's automated pricing system does the math for everyone.
The price breakdown at the end of the day looks as follows:
- VAT for Germany -> 19%
- Processing fee for Stripe payments = 4percent
- Student invoicing fee for digital services 6percent
- CreativeMindClass Basic Cost of the pack -> 8%
- John earns 63% of each course sold, hassle-free.
For a summary: John earns $63 for each $100 classes that are sold on CreativeMindClass.