Online Course Pricing Secrets (I wish someone had told me this years ago)

  Рет қаралды 8,724

Thrive Themes

Thrive Themes

Күн бұрын

In this video, Shane explains how much you should charge for your online course by breaking down the Online Course Pricing Sweet Spot.
Start building your own online course with Thrive Apprentice → thrivethemes.com/apprentice?u...
Timestamps:
00:00 - Intro
00:16 - Pricing Can Make or Break the Success of Your Online Course Business
00:45 - Point #1: Ask a Better Pricing Question
03:15 - Point #2: Think About Reach
09:14 - Point #3: Production Costs
12:00 - The Online Course Pricing Sweet Spot
14:29 - This Is How You Bootstrap an Online Business
15:52 - One Last Bonus Insight
16:45 - So What's Your Online Course Topic Going To Be?
So now that you know how to create an online course, how to launch it and how much to charge for it, what's your first online course topic going to be?
What is it that you could teach and turn into an online course?
Let me know by leaving a comment below as well as any questions you have about building an online course business.

Пікірлер: 63
@RedcubeX24
@RedcubeX24 3 жыл бұрын
I missed those videos from Shane. Glad we're seeing him again
@Thrivethemes
@Thrivethemes 3 жыл бұрын
Thank you!
@coach.b
@coach.b 2 жыл бұрын
Agree. Sadly it's the way things go with these types of companies. You get used to the owner and their style ... then all of a sudden they become unreachable. They "scale" their business and then you're left communicating with zendesks, team members etc.
@StephenWalkerAhoy-Boats
@StephenWalkerAhoy-Boats Жыл бұрын
Huge respect for everything that you do Shane.
@panthiosportphysio
@panthiosportphysio Жыл бұрын
Thank you ! I watched probably thousands of Videos about online courses and this is by far the best
@MondesThreads
@MondesThreads 2 жыл бұрын
These videos are so good so informative. I especially love the part where you don't need to go viral or have millions of followers to be successful in creating a course. I am in the process of creating a course teaching women to sew clothes that fit them and their style I have already validated and presold that one and I wish it was using your rapid launch method. But I want to release another one on clothing alterations... I will probably use this method for this one.
@Ernestasis
@Ernestasis 2 жыл бұрын
This is too good. Thanks for sharing.
@kidsguitaracademy
@kidsguitaracademy 3 жыл бұрын
Great content as always Shane! I can attest to the effectiveness of the $200 price point--I've been selling an online beginner guitar course successfully for five years at $189. Having a sharp looking website using Thrive's tools has also been instrumental to my success 😊 . Next month I am launching a "higher ticket" course + coaching program and am beyond excited!! Thanks guys! --David O.
@helloapple556
@helloapple556 3 жыл бұрын
Great video, thank you
@mammitnaamalle4603
@mammitnaamalle4603 4 ай бұрын
Thanks for the video! I appreciate your analytical approach. Will help me to make my own products prices.
@Thrivethemes
@Thrivethemes 4 ай бұрын
Glad it was helpful!
@DrUlrichSelz
@DrUlrichSelz 3 жыл бұрын
Shane, thanks so much. What a great piece of content! I have launched an online course just 4 hours ago - exactly at the sweet spot :) I love our content and working with thrive themes!
@Thrivethemes
@Thrivethemes 3 жыл бұрын
Congratulations on your launch!
@fredthecoder1289
@fredthecoder1289 2 жыл бұрын
Very good video, thanks
@PocketEnglish
@PocketEnglish Жыл бұрын
Awesome. Thanks a lot
@tobiasreineke9043
@tobiasreineke9043 3 жыл бұрын
Worldclass Content from Shane!
@Thrivethemes
@Thrivethemes 3 жыл бұрын
Thank you, Tobias!
@Paul-yk7ds
@Paul-yk7ds Жыл бұрын
Such a helpful video
@franzellyphotography
@franzellyphotography Жыл бұрын
Amazing insight!
@level16gmbh83
@level16gmbh83 3 жыл бұрын
As far as I can agree with the content of the video, the figures mentioned, and the calculations, there is one factor in the area of high ticket prices which should be taken into account: Value of outcome. What is the outcome that buyers achieve at the end of the course really worth? And there is certainly one exception: High-ticket courses linked to coaching. If the outcome solves a real problem, a problem that burdens the customer's life and causes disadvantages and consequences as long as the customer does nothing, then a much higher price is justified to solve this problem for/with the customer. And these customers usually don't have the time to shimmy through a sales funnel with a few cheaper products, all of which touch on their problem, but don't solve it. These customers need a solution and help, and they need it now. Therefore, in my opinion, the exception to the examples given in the video is a coach, which can deliver these results. In this case, the production costs are also quite manageable by the coach. And the last important point: If a coach sells 5 courses at $2000 dollars, not only can much more direct support be achieved for the customers, he can create a true VIP experience for his customers. The effort for support is much more manageable than for example with 1000 customers.
@Thrivethemes
@Thrivethemes 3 жыл бұрын
I think this is true, but only if you discount the value of the coache's time. If you are in a situation where time is abundant and money is scarce, then this kind of coaching offer is indeed very attractive. But if you reach then limit of people you can coach yourself, you'll see that the production cost is actually not low at all. Systematizing the process and hiring people who can do the coaching for you tends to be very costly. It's a great way to bootstrap to a more hands-off business, though.
@fernchan1602
@fernchan1602 3 жыл бұрын
Thank you Shane for sharing your insights! I'm writing a book right now on How to NOT Suck at Presentations, it's a guidebook to help people be better presenters and avoid death by PowerPoint! Once the book is published, the goal is to launch an online course based on the book. Thinking out loud, I could start with a low-ticket item of the book, then build up interest for the course at the sweet spot range.
@Thrivethemes
@Thrivethemes 3 жыл бұрын
Love it! This is a topic I'm passionate about as well. :) Yeah, this is very well suited for a course. I'd say a course is a better medium for this than a book (although a book is great, too - definitely do both).
@Rompelarueda
@Rompelarueda 3 жыл бұрын
Didn't this video exist already? I swear I saw this content a couple days ago. Going to check it out, thanks, looking forward to the rest of the content, Shane 👍
@Thrivethemes
@Thrivethemes 3 жыл бұрын
This is an updated version of a video I originally made a few years ago. So yes, I have taught this concept before. I think this video is shorter and clearer than my first one. :)
@onlinesellingsuccess
@onlinesellingsuccess 9 ай бұрын
Amazing content. Thank you!
@Thrivethemes
@Thrivethemes 9 ай бұрын
Glad you enjoyed the video!
@oluwafemimichaeldare9113
@oluwafemimichaeldare9113 Жыл бұрын
*This is just top notch...* 🙇🏻‍♂️ 🙇🏻‍♂️
@MeditateLevitate-fv9mj
@MeditateLevitate-fv9mj Жыл бұрын
Amazing video, thank you.
@Thrivethemes
@Thrivethemes 9 ай бұрын
Glad you liked it!
@hamzahalhikam2158
@hamzahalhikam2158 11 ай бұрын
Great Content Shane, May Allah Bless you. Very Insighfull!
@milanomills
@milanomills Жыл бұрын
Very good video, thanks!
@Thrivethemes
@Thrivethemes 9 ай бұрын
Thank you for commenting!
@user-lz1tc9rj6d
@user-lz1tc9rj6d 2 жыл бұрын
What can I say here is Thanks.
@stevanterzic
@stevanterzic 9 ай бұрын
Excellent video! One question; how to get those conversation rate from your leads? How to get thosr quality leads that convert at 2%?
@amywatts6997
@amywatts6997 3 жыл бұрын
Great tutorial! I have considered producing online art courses, but there are already tons on KZfaq. Have you found that certain subjects don't sell as well due to availability of free versions?
@Thrivethemes
@Thrivethemes 3 жыл бұрын
The availability of free content isn't an indicator that a paid course won't sell. Take the fitness industry as an example: there are millions of free videos and articles available on this topic. But there are also countless fitness course businesses that are doing extremely well. It's better to look at the market for paid courses. Are there people buying courses in your niche? Are there successful course creators and course businsesses? If yes, then there's an opportunity in the niche. As a side note: I have bought a few art and design related courses myself. So at least from a customer perspective I can tell you that there is money being spent in this niche. :)
@helloapple556
@helloapple556 3 жыл бұрын
I love your video production quality .. I m also a beginner and plan to make a course. Do you have any video where you teach how to green screen and edit video as your video ?. How the half blue circle fade in and fade out.. how to say that and where to make or buy such rhing
@MilenaHirkala
@MilenaHirkala Жыл бұрын
Shane, please advise. How does it work when it comes to taxes?
@GA0001
@GA0001 3 жыл бұрын
Can you make a Video with Conversion Rates for Ebooks ? and is in Thrivethemes the Option for downloadableProducts ?
@eleannaism
@eleannaism 3 жыл бұрын
Thanks Shane! In attaining the sweet spot number, how long should this course be?
@Thrivethemes
@Thrivethemes 3 жыл бұрын
It's not really about the length of the course. If you can help people attain a highly desired outcome, the course is valuable. Whether this happens in the span of 10 lessons or 100 lessons is besides the point. The way I approach it is with the question: what is the most effective way I can get my customer from where they are to where they want to be? And I make as few lessons as possible and as many as necessary.
@ryanwilliams1872
@ryanwilliams1872 Жыл бұрын
This was so helpful!! Thank you :) I have a quick question that I hope you can help with. Would you suggest using $ USD as the currency for pricing your online course, even if you're based outside the US? And does the "sweet spot" of $200 translate to the same number in another currency or the same value? e.g. £200 or ~£160 for the UK
@flextime6349
@flextime6349 Жыл бұрын
What would the conversion rate be on a $200-500 course be?
@OxentiaTourism
@OxentiaTourism 2 жыл бұрын
I would like to add it into Excel, but I am not getting it. How do you get the CR\5% then CR/2,5, then CR/2.48%...Can you help with a formula ?
@bestlifemartialarts5558
@bestlifemartialarts5558 2 жыл бұрын
How do you feel about a first offer of 47 then an upsell of 197 Or is 37 to 197 better?
@edwinweevers3184
@edwinweevers3184 3 жыл бұрын
hi Shane, thanks for the video! I am working on a 30 day challenge / experience for people in "how to be more as you really are " and it is about taking little comfortzone steps. But about pricing, is a challenge the same as courses? And if I do it as a Pilot for the first time? (Later price would be 197,--) first time with extra QenA some like 49? Hope you have a suggestion?! Have a great day! Edwin
@Thrivethemes
@Thrivethemes 3 жыл бұрын
Offering the pilot for cheaper is a good approach to validate and develop a course. In principle whether it's a challenge or a course doesn't make a big difference. What matters is this: can you bring people to a highly desirable outcome? People want outcomes. And if the outcome is highly desirable, then they're happy to pay for it. So if you can convince me that you can get me to the outcome, then whether it's a "course" or a "class" or a "challenge" or something else is secondary.
@edwinweevers3184
@edwinweevers3184 3 жыл бұрын
@@Thrivethemes great answer Shane,l thank you! And euh, Thrives templates help me :-)
@vv2262
@vv2262 2 жыл бұрын
Weight loss is my niche sir.. Is it a good niche sir.. Does people buy weight loss courses when it is Truely delivering some quality messages to the people. Please kindly clarify my doubt sir..
@zulkefli2907
@zulkefli2907 3 жыл бұрын
I have a proven knowledge on how to eliminate anxiety disorder naturally, effectively and quickly and I am going to create a course in this topic using your teachings. Thank you Shane!
@rolo2726
@rolo2726 3 жыл бұрын
Amazing video. What about Udemy selling great courses at 10 dollars? Will they "kill" course business for the rest of us? (we can not compensate with massive traffic!)
@Thrivethemes
@Thrivethemes 3 жыл бұрын
Don't worry about that. Udemy has been around forever with loads of cheap courses. Most courses on Udemy match the price. I.e. they're not very high quality. And it's all about marketing. Just like the existence of cheap wine doesn't destroy the market for expensive wine, the existence of cheap courses doesn't destroy the market for expensive courses.
@ipelengfloydbela5221
@ipelengfloydbela5221 3 ай бұрын
Do you mean $2000 per month or once off?
@generic-channel
@generic-channel 5 ай бұрын
Where do you host your courses?
@Thrivethemes
@Thrivethemes 5 ай бұрын
You can use anything from Bunny, to Vimeo, to Wistia…
@azamsharp
@azamsharp 6 ай бұрын
But how are you getting those people to pay $200. I have hard time getting people to pay $39 for my programming courses. What am I missing?
@Thrivethemes
@Thrivethemes 5 ай бұрын
Could be many things. Can we see your sales page? Are you using video at all on it? - Tony
@haarinlipari
@haarinlipari 3 жыл бұрын
Shane, I have 3 questions: The first one is about FB ads costs, how you suggest to spend per day in ads for (just en example) an expensive market as USA? The second question is about bonus. A lot of "guru" says that more free bonuses you give, more chances you'll have to sale your course. What you think about it? Finally, I validated for free (by the way, I did it with Apprentice) a 14 day intensive mentoring with up to 3 week Zoom live sessions, and I think it will works for a sale. In your opinion, the course craft could be valuable in my case? Do you give some online support or you answer students questions? I never worked with Udemy, but I did with Hotmart because I have a spanish spoken market and they pay all taxes and those boring things (yeap, they take the 12% of my income...). My biggest "fear" is about all related with taxes, VAT, receipt stuffs and all those thing, because I'm still a solopreneur and i really don't want to deal with hundred of programs like, zapier, stripe, quaderno or similars. Do you teach or help to resolve those troubles in your course craft? Thank you very much
@piecesofme8531
@piecesofme8531 Жыл бұрын
Ok but psychologically what price number works best? $200? $197? $189? $205?
@lesleya
@lesleya Жыл бұрын
187 or 197
@NadiaDubininaValues
@NadiaDubininaValues 3 жыл бұрын
I am selling my course at 97$ 🤗 I suppose it's a perfect price 🙂
@coach.b
@coach.b 2 жыл бұрын
Shane was a boss. Pity we don't hear from him anymore though 😒 It's abit like what happened to Clay from Lead Pages. It's the cost of growth in this type of business.
Little girl's dream of a giant teddy bear is about to come true #shorts
00:32
Sigma girl and soap bubbles by Secret Vlog
00:37
Secret Vlog
Рет қаралды 13 МЛН
How Many Balloons Does It Take To Fly?
00:18
MrBeast
Рет қаралды 186 МЛН
What price should your online course be in 2023?
18:38
Sunny Lenarduzzi
Рет қаралды 16 М.
Turn what you KNOW into profitable ONLINE COURSES (that don't suck)
13:34
How to Price Your Online Coaching Program (Exact Dollar Amounts)
14:45
CourtneyLSanders
Рет қаралды 66 М.
Always do this in SEO (Never skip it)
1:58:01
Ahrefs Podcast
Рет қаралды 1,9 М.
3 Pricing Strategies - How To Price Your Service 2024
17:44
The Futur
Рет қаралды 146 М.
Robert Greene: A Process for Finding & Achieving Your Unique Purpose
3:11:18
Andrew Huberman
Рет қаралды 10 МЛН
How (Not) to Turn Your Knowledge Into an Online Course
11:44
Thrive Themes
Рет қаралды 22 М.
And who would you choose?👇
0:20
Kitty Power
Рет қаралды 15 МЛН
БАБУШКИН КОМПОТ В СОЛО
0:19
PAVLOV
Рет қаралды 18 МЛН
There's a Starman #starman #starmanmeme #superman #fyp
0:17
SigMew
Рет қаралды 71 МЛН