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Your CreativeMindClass cost breakdown
We want to be completely transparent about how you would earn money from CreativeMindClass and the way we make a living.
Perhaps you've heard about passive income. A method that is effective when it's not. We, at Creative Mind Class, believe that this is essential for those who want to instruct online. For more information on the advantages from passive income can be learn about in this article: href="https://creativemindclass.com/magazine/passive-income-for-artists /">"Passive income for artists. The first rule of a thriving business in the art industry".
In contrast to other platforms for teaching in which the amount you'll be able to make isn't always clear and we'd like for you to achieve success by understanding everything before going involved with us.
Making a living as an artist or a creator can be tough. This is why we developed an income-based model that pays as you earn. You only pay once you've succeeded. So no setting-up fees, no monthly charges, no hidden fees. In this article we breakdown the cost of a class in depth There are no secrets to the amount you can earn from teaching with video classes.
CreativeMindClass Pricing Fundaments:
- Start with no cost and pay-as-you earn cost.
- No setting-up fees, no monthly charges, no hidden fees.
- Only when you are successful.
- CreativeMindClass costs 8% of revenue share for classes which is 12% for classes that have a community feature or 16% share of the revenue for classes that include a community component with the CreativeMindClass boost sales kit. ( Note: Revenue share is not inclusive of the processing charges charged by Stripe or the student invoicing fee.)
How much will you earn for your 100 USD/EUR online course?
Let's say that John is a watercolor painter who is from 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 teaching space.
The course is going to be by starting small, and has chosen the price of the Basic option. After some hands-on work on the course, and with help by the CreativeMindClass team John's lessons on video have been completed and are in the process of uploading them. he decided to start selling the course at $100 (incl. VAT).
Very soon... Hooray! The one of John's Instagram fans, Nina, signs up to take the course! Nina is based in Germany which means that later Johnhas to have to pay German taxes.
CreativeMindClasses's automated pricing system does the math for everyone.
The final price breakdown will look as follows:
- VAT for Germany = 19%
- Payment processing fees for Stripe is 4percent
- Invoicing for students using digital services = 6percent
- CreativeMindClass Basic Cost of the pack = 8percent
- John earns -> 63% of every course sold, hassle-free.
In the end: John earns $63 on each of his $100 classes that are sold on CreativeMindClass.
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