I make a few hundred dollars a month from a course I made in my spare time about Bitcoin arbitrage. If I can do that with a super niche topic, so can you!
The Internet is all about dissemination of information. From the start, that’s been its main purpose and utility. Back in the 1990s, it allowed teachers for the first time to organize their knowledge in a document and publish it to the world as a web page.
We’ve come a long way, and new technologies combined with the Internet make sharing knowledge easier than ever.
1. A Website
The original way of sharing your knowledge is still a solid format. Typically when you make money with a website, it’s in the form of a blog. You run into these all the time – cooking blogs, DIY blogs, and tech blogs.
Most of the time, educational websites make money through advertising. Often, however, you can make money by promoting other ‘premium’ content that costs money.
People love videos because it makes the content seem more human. Students gather extra information from the tone and facial expressions of the teacher.
Screencasts need a small initial investment to get quality equipment for making videos. You need to make sure lighting and sound are spot-on. Don’t hesitate to get help with this!
Once you’ve made your videos, there are lots of tools for hosting and selling it. One tool for selling digital downloads is getdpd.com.
Ebooks are one of the more popular ways of selling knowledge, because people are used to paying for books compared to websites and videos. Ebooks can range from long and thorough to short and concise. Prices can similarly range from $50 to less than $5, depending on the subject and quality.
Webinars are becoming popular to build thought leadership while making money. Webinars are when multiple people watch a live stream of a teacher discussing a specific topic. These are popular because you get many benefits of in-person classes, like asking questions. But instead of meeting in a central location with limited capacity, webinars can be hosted for free and no one needs to travel anywhere.
5. Online Courses
Online courses allow you to create the most interactive and comprehensive learning experiences. The best platforms support dynamic content in a format that’s convenient to consume. Online courses uniquely offer questions, which provide a method for reinforcing the learning material.
Surprisingly, there isn’t a wide variety of amazing tools for creating online courses. Uludum.org is a non-profit platform where teachers can create online courses. Uludum offers the ability to crowdfund your courses, which you can’t do with other platforms.
One-on-One tutoring is also possible with the rise of video chat technology. Google Hangouts is built exactly for this, and you get paid for just as long as you tutor.
7. All of the Above!
I know I said I was going to tell you 6 ways of selling your knowledge online, but the truth is that most people don’t just choose one of these methods. Most people have some sort of website with free content to attract people and build a mailing list. From there, you can build an audience to sell online courses, ebooks, screencasts, webinars and more.
What are you waiting for? If you’re reading this, I bet you’re interesting and knowledgeable enough to make some extra money using these tips.