As any successful entrepreneur will tell you, it takes a lot of hard work and perseverance to build a profitable and sustainable business. Building a business selling online courses is no exception.
And while many online course creators hope to eventually earn a full-time income selling their courses, most of them build their business part-time until they can confidently commit to it full-time without putting their income at risk.
What constitutes a full-time income?
We asked around, and it turns out that for most online course creators, the amount of annual revenue needed to justify working full-time on their business is $100,000.
To an early stage course creator, $100,000 can seem like an ambitious revenue goal. Keep in mind that the resulting net income (ie. profit), after deducting taxes and expenses from this amount, is comparable with the median household income of most families in the United States.
Tags: online course business • online course launch • online course marketing • sales & marketing • selling online courses • Thinkific