The EduTech industry is booming. Valued as a 107 billion dollar industry (according to Forbes). It’s why the best content marketers (Seth Godin, Marie Forleo, Noah Kagan) are selling courses. It’s why there was $2.51 billion invested in educational-technology companies during the first half of 2015 (according to InsideHigherEd).

There are 7 key reasons that make courses an optimal online product. Don't believe me? In this thread, I'll be quoting some of the most successful online teachers talking about why courses are awesome.

1. Monetize Quickly
An online course is extremely easy to monetize, especially when you compare it to blogs, ebooks, YouTube followings and Podcasts. There are two reasons for this. Firstly, courses are gated content. You simply can’t access someone’s course unless you enroll and an instructor can set the price tag. There’s no such thing as a free course unless you want it to be free. Secondly, people are willing to pay for a course more naturally than other online products. Because our society values education and is trained to think of courses, classes and education as valuable, it’s much easier to convince someone to pay for an online “course” than say, a blog, where a writer is expected to give[b][/b] away their content for free.

2. Scale from Part-Time Income to Lifestyle Business
The beautiful thing about a course is that you get about as much out of them as you put into them. If you want to do one course launch, make a few thousand bucks and walk away, you can do that. If you want to create multiple courses around a general topic and run an academy that you advertise through webinars, podcasts blogs and joint-ventures and build a lifestyle business, you can do that too! A course scales to exactly the amount of work you want to put into it, which means you can generate passive, part time or full-time income. If you continually make new courses and expand your school, you can generate more than enough income for this to be your full-time business.

3. Monetize Other Online Products & Audiences
Courses are a high ROI way to help monetize already existing content and audiences.
Simply take your chapters to an ebook and put them into course sections. Take your watercoloring tutorials from YouYube and create a course. Courses allow you to gate and charge for your content, which works extremely well.

4. Courses are a Reusable Asset
Unlike a blog or podcast which require continually fresh content to keep readers engaged, a course can easily be repurposed and resold. If you weren't happy with your first stab at a course, you can update it and relaunch. You can also add powerful bonuses to your course, like consulting, podcast access, event, community or other valuable upgrades to make the course offering feel new, and relaunch. If you feel you've exhausted the content in your course and create a new one, you can also use your first course as a lead magnent, bonus, or part of the offer in selling your second, third, or fourth course.

5. Anyone Can Teach & Everything's Teachable
At Income Tutors, we believe that everyone is an expert and can teach. You don’t have to teach programing, you don’t have to teach business. There are courses on hundreds of topics, some creative, some technical, some entrepreneurial focused.

6. Help A Lot of People At Once
A lover, not a fighter, one of my favorite things about courses is their ability to quickly spread ideas, words and skills rapidly. They are one of the quickest ways to share your knowledge with people who need it. That is a beautiful and powerful thing. A good course idea, is a good business idea, and that’s one that people want and need, no scams involved.

7. Build A Community Around Yourself
A course has the amazing benefit of quickly helping you create a community around yourself. Unlike an ebook that’s completed and shipped into the world, an online store where your customers are one time purchasers probably all over the nation, or a blog where you’re lucky to get a few comments on your posts, courses have a high community factor. It’s common for instructors to ask for students to comment in the course through Disqus, or to ask students to engage with each other through various steps of the course. You can do this within your course, or, as many instructors choose, through a Facebook group.

If you’re at all interested in creating an online course (and hopefully you are!) Check out my FREE lesson on my thread "How To Make Regular Income Online With E-course - Teaching Your Skills & Hobby". https://www.nairaland.com/3336970/how-make-regular-income-online

Head straight to my thread on "How To Make Regular Income Online With E-course - Teaching Your Skills & Hobby". https://www.nairaland.com/3336970/how-make-regular-income-online