Have you ever had a good idea and wanted to monetize it? Today I'll share some tips and best practices on taking that knowledge and turn it into a digital course that can provide some extra income in 2023!
I am a HUGE advocate of Digital Courses and they have changed my life both as a consumer and a creator.
In my first 'real' online business back in 2005 selling automotive racing products, I learned the ropes of selling online, but eventually the business crashed because I was selling merchandise that anyone can sell, thus it became a race to the bottom on margins.
The cool thing about monetizing your knowledge is it can be scaled infinitely and your personal brand is something that can't be taken away.
Yes there will be others teaching what you know, but not in your unique way, also you can cultivate a following and provide solutions (or expose problems) that your audience might not know they had.
Here is a really cool AI tool that can help you take a topic...
I want to share my passion for building digital courses with you and give you some tips on how to get started or even just get curious.
Digital courses are great because you can use your knowledge (even if you know 20% more than the average person on a topic) and there will be people who will pay you to help them get to the next few steps.
The cool thing is that once you create the content, you can sell them over and over again and create passive income. Plus they can be scaled into the millions!
I actually know a 2nd grade teacher that created a course that helped other 2nd grade teachers (yes you read that correctly, other 2nd grade teachers....not teachers of any grade) with student material) who has scaled her course into the high 6 figures.
Additionally digital courses can be created while you have a full time job, they don't require much overhead or storing products, it isn't a race to the bottom like competing with Amazon or Ebay (been there) and all the tools you need are...
You already know 20% more about something than the average person.
People will pay you to help them close the gap from where they are to where you are.
You don’t need to be the absolute expert or guru in a field to teach others.
You just need to be a little bit ahead of others to do so, and it’s much easier than you think.
I’ve see it done over and over again by others and have done it myself.
But people don’t try because they overcomplicate the process.
You don’t need to ditch your job or invest money or time into an idea to see if it works.
In October of last year, I noticed that I had been getting a lot of people asking me various questions about LinkedIn.
At that same time I was going through a course to learn how to build digital courses because I was planning on building one about mindset.
I had only been active on LinkedIn for about 4 months at the time, but I had a lot of success and I knew I could teach others some good stuff.