Earn more on video classes - The CreativeMindClass Blog
Your CreativeMindClass cost breakdown
We want to be 100% transparent about how you would earn money from CreativeMindClass as well as how we earn a living.
You've probably heard of an income stream that is passive. It's a method of earning money when well, you don't. Creative Mind Class Creative Mind Class, believe that it's fundamental for artists to teach online. For more information on the advantages from passive income can be find in our article href="https://creativemindclass.com/magazine/passive-income-for-artists /">"Passive income for artists. The first principle of an effective art business".
In contrast to other platforms for teaching where how much you're going to earn is less straightforward and we'd like you to be successful and make sure you understand all elements before you get to work with us.
Making a living as an artist or a creator can be a challenge. This is why we developed a pay-as-you-earn pricing model. We charge only once you've succeeded. So no setting-up fees, no monthly charges, no hidden fees. In this piece we will break down the class price in detail There are no secrets to how much you earn on giving video-based 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 only charge when you achieve.
- CreativeMindClass costs 8% of revenue share on all classes, or 12% revenue share for classes that have a community feature and 16% share of the revenue for classes that have a community feature when you purchase the CreativeMindClass increase sales kit. ( Note: Revenue share doesn't include the processing charges charged by Stripe or the student invoicing fee.)
How much will you make for your $100 USD/EUR training course?
Let's say that John is a watercolor artist in America. United States and wants to develop a basic course on the topic. He's picked CreativeMindClass because of the flexibility it gives him to create his own classroom.
He's decided to begin with a small amount, so he's chosen the Basic pricing option. After a few hours of hands-on learning about the course, with support from the CreativeMindClass team, John's video lessons are done and he's ready to upload them and he decided to start selling the course at the price of $100 (incl. VAT).
Very soon... hooray! The one of John's Instagram fans, Nina, signs up to take the course! Nina lives in Germany which means that later Johnhas to have to pay German tax.
CreativeMindClasses's automated pricing system does the math for everyone.
The final price breakdown appears as follows:
- The VAT rate for Germany 19% for Germany 19%
- Stripe payment processing fee is 4%
- Student invoicing fee for digital services = 6percent
- CreativeMindClass Basic Packge fee -greater than 8%
- John earns 63% of every course that is sold.
To sum up: John earns $63 for each $100 class that is sold on CreativeMindClass.