Teaching skill

Monetizing Your Teaching Skill

The world needs mentors or teachers who can teach things effectively. Teaching skill is rare to find because it needs an immense level of knowledge, student management, ability to deliver classes, etc. Otherways you need to have expertise in a certain field to teach others about it.  If you have such skills or expertise that others may need and wish to acquire, then you can start monetizing your teaching skill by offering to teach those skills on a retainer or hourly basis.

In recent years and especially since Covid-19 in 2020, online learning has had explosive growth. There are plenty of online platforms that are facilitating eLearning both for the learners and the instructors.

According to statistics, the global eLearning market will reach $325 billion in the year 2025.

Corporate training increases the efficiency of employees by 210%.  About 34.1% of students at public institutions the same year took online courses, and 30.4% of students at private non-profit schools enrolled in distance education. This clearly indicates that the need for a great trainer with good teaching skills is inevitable. There is a huge scope in monetizing your teaching skills by start creating courses or starting a training institute offline or online.

This blog will cover some insights on how to make your teaching skill earn money for you.

 

Monetizing your Teaching skill in online

There are many ways you can start teaching online, but the two most common methods are either to set up your own teaching business or to join other online teaching platforms or companies.

  • Your own online teaching business

For this, you may need to do more work. First, you will need to prepare your teaching materials, course curriculum, and design and develop your course. Once your course is ready, you will need to pick a learning management system to deliver your course to the public online. Thirdly you will need to promote your teaching business just like any other business.

  • Join other teaching platforms

You can join other online teaching businesses as an instructor. The benefit of this option is that you will not need to worry about operating a learning management system, e-learning platform, and promoting the business. All those will be taken care of by the business entity. You can focus on developing and improving your course.

You can even consider making a hybrid approach, joining an existing business as an instructor, and setting up your solo entrepreneurship. Regardless of your decision to go solo or joining another education business, you can consider using eduJournal. Our online teaching platform offers free-of-cost listing for your courses. You can use our built-in school management system to create and manage your online courses, student registration, payments, and student and course management. We are constantly adding new features to make eduJournal the best online learning platform.

Once you have evaluated and decided which path or business model you want to adopt. You can move on to creating your online teaching course.

How to create online courses

 

Obviously, you need to create your own online courses,

Your courses are your valuable content. You need to give proper focus in creating that. This carries a major role in monetizing your teaching skill.

Analyze, Design, Develop, Implement and Evaluate (ADDIE)

During the year 2020, there has been a significant increase in online learning. Users of online education have higher expectations from such platforms. Gone are the days when you could use simple presentation slides and video with your phone to create a course that can sell a lot.

Online learning is not new. If not required, there is no need to reinvent the wheel. As you can imagine, there are already very established and widely used approaches to designing an online course. One of the most preferred approaches is ADDIE, an abbreviation for Analysis, Design, Development, Implementation, and Evaluation.

Analysis:

  1. Figure out a problem people face, find out the target audience, the people facing the problem.
  2. Determine and highlight the main benefits that the learners will achieve after going through the course.
  3. Highlight why the suggested outcome of the course is vital for the learners.

Design:

Determine the type of activities the learners may need to go through. The knowledge, skills, and behaviors the learners may need to acquire or develop. Please find out the most effective way to teach those people about solving their problems in the best possible way.

Develop:

Develop your course; this means executing the design part. Putting your materials into audio, video, slides, etc

Implement:

Make your course available to the people, and the best is to run it through beta testers first before offering it to the intended end-users.

Evaluate:

Find out how well your course addresses the problem. Collect beta testers’ feedback.

Then go back to step one and start improving the course.

Let us further discuss some practical steps you need to take to prepare your teaching materials for the course.

 

Course Design and Curriculum Development

In order to streamline your courses, you need to have a proper course structure or curriculum. You need to attract or inspire your audience by providing outstanding content.

If you already have a course, you can review it to make it better. At eduJournal.com, we can help you with that process. If you do not have a course, prepare and design your teaching and exam materials. Most of the time, e-learning platforms such as eduJournal have dedicated teams to help the instructor to get them onboard and start monetizing their teacing skill.

Content Development, Visual Design, Video Editing

You need to take the overarching concepts and curriculum for the course and develop course lessons that guide the learner step-by-step through learning (and doing) the concepts in your course.

Presentation and delivery of the course materials are crucial to the success of your online teaching business. You can design your course materials by yourself or can hire freelancers from online platforms such as Fiverr

  • Tools for creating course materials

For graphics and visual slides, you may use Microsoft PowerPoint or the online free tool canva.com. There are plenty of royalty-free pictures available at pixabay.com or pexels.com. For video productions, you can use Snagit for screen capture and Camtasia for video editing and presentations.

Video is an essential element in today’s online teaching courses. Whether it be live streaming of the lectures or recording the teaching sessions, video plays the most crucial part in delivering the course materials effectively.

  • Video live streaming or recording.

For the video part of your teaching course, you have three options. The first option is to live stream each session, which means that you will have to set up video recording and live stream every time. As advised before, you should do video recording or stream from a quiet place, and it has adequate lighting. It can be pretty troublesome to do it if you do not have such a facility available.

The second option is to record your videos once and stream recorded videos every time the teaching sessions occur. This works best if the teaching materials and content do not change often. It saves time and effort, and resources of repeating the same teaching in person again and again.

The third option is to adopt the hybrid approach, record your sessions once, and live stream for each scheduled class while being present during the course so you can respond to any live interactions from the attendees. This is the best option. You do not have to stream the live class; play the recorded video. If the attendees ask any questions in the chat, you can respond to their questions.

 

Course Website (LMS) Development

Now that you have your great new course, where do you put it? For this, you need a Learning Management System (LMS). If doing it on your own can be a tedious process. Below are the necessary steps to complete to have your course delivered online.

  1. Buy a domain name
  2. Signup hosting for your website
  3. Setup your website hosting
  4. Install a content management system such as WordPress
  5. Design your website
  6. Install learning management system (LMS)
  7. Create and link social media profiles for your teaching business
  8. Promote your courses
  9. Join the course listing directories, forums, etc.

Monetizing tour teaching skill is a journey which needs domain knowledge, audience analysis, marketing efforts.  You can try out eduJournal.com for free for one year. EduJournal offers one of the best platforms to create, manage and sell your courses online. It can take away much of the hard work required to sell your classes online. Feel free to contact our friendly sales and onboarding team here.

Course Marketing Funnel Creation

This step Includes a marketing course project, building your course sale page, marketing funnel pages, develop webinar and content marketing campaigns to help your online teaching business grow. You need to also concentrate on giving good marketing to get brand value. This is another important step in monetizing your teaching skill. The competition will be higher, so stay away from the crowd by having an excellent content and marketing funnel that automatically works for you.

At eduJournal, we have taken care of all the above steps required to sell your courses online and monetize your teaching skills. And the best part is that it free for the entire first year. Even after that, our fees are very competitive in the market. We also take pride in our customer service. Try us here

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