Make more money from video lessons CreativeMindClass Blog - The CreativeMindClass Blog
Your CreativeMindClass Course Price Breakdown
We would like to be completely open about how you would earn money using CreativeMindClass and how we earn our income.
Surely you have heard about passive income. A method that is effective when actually, you don't. At Creative Mind Class, believe that it's fundamental for artists to offer online classes. For more information on the advantages of passive income you can find in our article href="https://creativemindclass.com/magazine/passive-income-for-artists /">"Passive income for artists. Delegate -the primary rule of a thriving art-related business".
In contrast to other platforms for teaching where how much you're going make isn't as clear and we'd like you to be successful by understanding everything before going to work with us.
Earning a living as a creative and an artist can be tough. That's why we created a pay-as-you-earn pricing model. You only pay when you succeed. So no setting-up fees, no monthly charges, no hidden fees. In this article we breakdown the cost of a class in depth, no more secrets of the amount you can earn from instructing with video classes.
CreativeMindClass Pricing Fundaments:
- Start with no cost and pay-as-you earn price.
- No setting-up fees, no monthly charges, no hidden fees.
- We charge only when you are successful.
- CreativeMindClass charges 8% revenue share for classes which is 12% for classes that have a community feature or 16% of revenue share for classes that include a community component with the CreativeMindClass increase sales kit. ( Note: Revenue share does not include the processing fee which are charged by Stripe or the student invoicing cost.)
How much will you earn for your 100 USD/EUR video course?
Say, John is an artist and watercolor artist in the United States and wants to design a beginners' tutorial on the topic. He's chosen CreativeMindClass for the freedom the company gives him in creating his own space for teaching.
The course is going to be by starting small, and has chosen the Basic pricing option. After some intensive work on the course, and with help from the CreativeMindClass team, John's video lessons are done and he's prepared to publish them. he decided to start selling the course for $100 (incl. VAT).
Soon... Hooray! One of John's Instagram fans, Nina, signs up for the class! Nina is based in Germany so later on Johnhas to have to pay German tax.
CreativeMindClasses's automated pricing system does the math for everyone.
The final price breakdown will look like this:
- VAT in Germany = 19%
- Processing fee for Stripe payments = 4.4%
- Fee for student invoicing on digital services 6%
- CreativeMindClass Basic Packge fee = 8%
- John earns 63% of every course that is sold.
For a summary: John earns $63 for each $100 classes sold through CreativeMindClass.
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