With their new pricing scheme that caps the maximum price of a course at $50, plus the standard 50% revenue share they take, Udemy is crippling their best teachers. No good instructors should continue teaching on the Udemy platform with this new policy change.
Here’s what I think:
I Left Udemy, and My Revenue Increased 300%
My first course, the ClickMinded SEO Training Course, was originally on Udemy. When Udemy was just getting started, it made a lot of sense to use them. They had a reasonable revenue share, they took care of all the hosting and technical details around hosting, and there were not a ton of good alternative learning management system options. Over the last few years, however, Udemy has continued to roll out new policies that are extremely teacher-unfriendly. It has become less and less attractive to host with them, and this most recent price cap change will likely be the final nail in the coffin for most good teachers.
The moment I left Udemy was the moment my course became a legitimately business. In the first year of self-hosting, my revenue increased 300%.
While Udemy continues to make it harder and harder for teachers to succeed, the best ones are going to start migrating off the platform (most of them already have). Self-hosting your course is increasingly becoming a more attractive option. A $50 price cap, along with a 50% minimum revenue share, makes it almost impossible for teachers to be compensated fairly for their work.
In addition to that, all of the standard crappy things about Udemy apply:
- You don’t get your students email addresses
- You can’t take them out of the Udemy ecosystem
- Udemy will send your students promo codes to your competitors right after they sign up
- Udemy users have been conditioned to absurd and constant discounts (90%+ off) as the new normal
If you want to leave Udemy, the time is now, and if you want to self-host, the answer is CourseMinded, a step-by-step guide on how to create, host and launch your own online course from scratch.
If you’ve been thinking about leaving, we’ve created a new promotion for Udemy teachers, valid only for the next 7 days, aimed at people that want to leave Udemy but are uncertain on how to do so on their own, successfully.
If that describes you, here’s why I think this would be beneficial to you:
Reason #1. CourseMinded gives you the exact blueprint we used to self-host the course (technical implementation) and attract customers (marketing and sales).
The complete curriculum covers:
- Validating Your Idea
- Creating Content and Content Mediums
- Static Slides and Audio Overlay
- Stock Photography & Video
- High Quality Video Courses
- Quizzes, Tests & Downloads
- Marketplace and LMS Reviews
- Udemy, Skillshare, Lynda
- Teachable, Sensei, Digital Access Pass, Gumroad
- Pricing, Hosting and Selling Courses
- Discounting & Subscriptions
- Multiple Products & Bundling
- WordPress and Website Hosting
- Start a New Course From Scratch Walkthrough
- ScreenFlow Walkthrough
- Internet Marketing and Course Promotion Tactics
Reason #2. It includes 6 months of Teachable for FREE ($594 value!)
The course includes reviews of a number of different learning management systems. Over the last 3 years, my own course has been hosted on 6 different LMS platforms, and Teachable is by far the best. We’ve worked out a deal with these guys, so that all CourseMinded users will get 6 months of their Professional plan ($594 value) for FREE (new accounts only).
The course also includes a comprehensive, step-by-step walkthrough on exactly how to setup Teachable from scratch. From registering your domain name and getting your website hosted, all the way to the finer technical details around installing and optimizing Teachable. Even if you’ve never setup your own website before, with this blueprint you’ll be able to get your site and your course up in just a few hours.
Reason #3. Math
CourseMinded ($497 value) will teach you how to launch your self-hosted course and attract customers in no time, and the 6 months of the Teachable Professional Plan ($594 value) will allow you to host and launch right away. At $297 for the bundle, you’ll save $794.