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Udemy is an online school with millions of customers, where you create your own class in anything from computer coding to art

Expected pay: Speculative

Husl $core: $$$

Commissions & fees: 3% to 63% (see review)

Where: Nationwide

Requirements: A computer; a quality iphone (to video tape your class) or other video equipment; a decent computer, internet connection and editing skills.

Want to offer a class on Udemy?

Sign up here! 

Udemy Review:

Do you have a special skill that you think you could teach people? Then you may want to take a close look at Udemy, an online school that has millions of customers. Classes at this site range from heavy topics like computer coding and finance to life coaching and organization.

You, the prospective instructor, create a sample video for the site to evaluate for quality and production essentials. If accepted, you create your class, upload and price it for sale. Both you and Udemy (at least in theory) then market the video and share in the profits.

High fees/low pay

Problems arise in two areas. First, Udemy has a sliding commission schedule that’s based on who brought the buyer to the site. If you brought your own buyer, you get to keep 97% of the revenue from the sale. When Udemy brings the buyer, you get as little as 37% of the sale. 

Still, if each class was selling for, say, $100, you’d get $37 per sale in a worst-case scenario. But most classes sell for $10 because of Udemy is constantly running promotions that discount its courses.  

Positives

So the only way to make a lot of money on this site is if your video course sells to hundreds of people that you referred to the site — or thousands of people who came to the site in another way. But, given that the site has millions of customers and brings in more than 100 million visitors each month, that may be a reasonable expectation.

The site also does a fair amount of hand-holding for new course instructors. That can help you get started in this highly lucrative arena. Once you’re launched, you can determine whether to offer higher value courses on other platforms.

Recommendations

If you want to use Udemy to develop a following and, possibly, to sell higher-margin classes elsewhere, this can be a good place to build a client base. You can sign up for Udemy here.

However, this is not a place to sell high-value classes. It’s better used for short “loss-leader” courses that may help you sell high-value courses on Teachable or Thinkific. 

What their teachers say: (from Reddit)

Running frequent sales is the Udemy model. The vast majority of course purchases on Udemy are for coupons like these, it’s a part of their setup and their plan. Creators are lured into creating for Udemy with what appears to be attractive rates and fair fees. Instead, what they get is courses selling for a fraction of what they expected, and almost no referrals unless they pay real money to advertise their course with their referral link, or they do marketing on their own

And: Why I stopped selling courses on Udemy

*Updated 3/29/2022