How I Earned $43,086 In Passive Income With Skillshare
And how you can too
I’ve been a teacher on Skillshare for about 5 years now and during that time, I’ve created 30 classes on topics ranging from business, painting, sketching and lifestyle.
During this time I’ve earned a total of $43,086 from Skillshare. The cool part is this is 100% passive income. This means the work I’ve done in the past continues to generate revenue month after month without me doing anything.
Since I’m pretty lazy, this is my favorite type of income.
I’ll explain how that works in more detail shortly.
In today’s world, many of us are looking to make some extra money time on the side, so creating short online classes using the skills and knowledge you already have makes sense.
I wish more people knew about the opportunities that are out there and believed it is possible for them as well to generate an extra income online.
That’s why I’m sharing this story with you.
You might be intimidated by the amount of classes I’ve created and think that you couldn’t possibly come up with ideas for 30 classes let alone 5.
Don’t worry.
I’m going to show you exactly how I did it by recording and sharing what I was already doing in my spare time. Then I’m going to show you how I turned those clips into short, quick classes on Skillshare.
I’m also going to show you the simple steps to create a class, how you’re getting paid and what to think of when creating your first class.
If you use my referral link at the bottom of this article, Skillshare will give you a 2 week free trial to Skillshare premium where you will be able to check out 1000s of classes including some of my own for free.
It’s a great opportunity to get an idea of just how simply these classes are structured.
Once you see my classes and how simple and straight to the point they are you’ll get some ideas on how you can take that format and apply it to whatever topic you’re passionate about and want to teach and share.
That’s what makes Skillshare different. The simpler and snappier the classes, the better.
I think that’s really going to help you out and hopefully motivate you to create a class if you’re even remotely interested in trying this out yourself. If you do, make sure you let me know! I’d love to check it out.
So you want to create a class but don’t know where to start. This is the fun part.
Think of it like this. Whatever you enjoy doing in your day-to-day life, whatever knowledge and skills you have, this is what you want to turn into an online class.
Think about what you’re good at and what you enjoy. If you don’t know what you’re good at, ask your friends and family.
Let me give you some examples.
You might be amazing with cats. Maybe you’re fostering kittens for a shelter and love everything about it. It has its challenges but it gives you a sense of fulfillment.
This is a perfect topic to make a short class on. Divide the class into 10 videos, each videos only has to be about 2–3 minutes long.
Walk people through how to foster kittens. One video can cover how to approach shelters and rescues to let them know you’re interested. Another can cover what products are needed to foster — kennels, heated blankets, bottles for feeding.
If you’re covering a topic you’re passionate about, coming up with 10 videos is easy. The reason it’s easy is because you’re doing it yourself. All you have to do is document all the details that goes into that activity and turn them into video clips.
Me personally, I love to sketch cars. I’ve done many classes on the subject and I never seem to run out of things to talk about. That’s the beauty of sharing what you love versus what you’re told to share.
You might be in the 20% of the working population that loves your job. Share it! Turn your knowledge into a class.
You only have to be one step ahead of the majority of the population in a subject in order to teach it.
Let’s talk about how Skillshare pays you.
On Skillshare you get paid between $0.05 and $.10 per minute watched. This means that if your students watched 10K minutes combined across all of your classes in a month, you’d earn between $500 and $1,000 that month
Teacher payments are awarded in direct proportion to the number of minutes watched by Premium students in their classes each month.
For example, if 5% of all video watch time on Skillshare happened in your classes, you would receive 5% of the royalty pool that month.
Teachers can also earn revenue by referring new users to the platform and you earn $10 for every Premium Member you refer.
I would say Skillshare is probably the easiest way to get started creating classes online. However this also comes with its setbacks.
The lower the barrier of entry, the lower the quality. That’s usually how it works. Skillshare has a pretty low barrier to entry and accepts most videos uploaded to the platform as classes.
This also gives you an opportunity to stand out by putting in extra effort in what you produce online. Make it your own, don’t try to copy anyone else. Share your knowledge with enthusiasm.
I hope this opened up your eyes to what Skillshare is and how you can use it yourself to generate an extra income.
Watch my video where I cover this in more detail below.
If you like to try out Skillshare premium for free for 2 weeks, use my referral link: https://www.skillshare.com/r/user/bembli
