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The cost breakdown for your CreativeMindClass Cost breakdown
We'd like to be 100% transparent about the way you'd make money through CreativeMindClass and the way we earn our income.
There's a good chance you've heard about an income stream that is passive. It works even when it's not. Creative Mind Class Creative Mind Class is a firm belief that passive income is crucial for people wanting to offer online classes. Discover more benefits of passive income , which you can read in the article "Passive income for artists. It is the first step towards a successful art business ".
As opposed to other online educational platforms, where the money you'll be able to earn is not as straightforward. We want for you to succeed by knowing all aspects prior to establishing a our business.
Earning the money you need to be an artist or creator can be tough. We've designed a pay-as-you-earn pricing model. Pay only when you've achieved your goal. So no setting-up fees, no monthly charges, no hidden fees. In this piece we will break down every class's cost in great detail There are no more secrets to what is taught in online classes.
CreativeMindClass Pricing Fundaments:
- Start with no cost.
- No setting-up fees, no monthly charges, no hidden fees.
- Only for success.
- CreativeMindClass costs an 8% share of revenue for classes which includes 12% for classes with a community component as well as 16% of the revenues for classes featuring a community features that are included in the CreativeMindClass boost the sales kit. ( Note: Revenue share does not include processing charges that are paid by Stripe as well as the student invoice cost.)
What's the sum you will make out of your online USD/EUR 100 course?
Let's say we assume that John is an artist and watercolor artist who hails located in America. United States and wants to make a beginners' course on the topic. He's picked CreativeMindClass because of the flexibility it offers in making his own space to teach.
He's decided to start small which is why he's chosen the price of the basic. After about an hour of learning hands-on about the class, and with assistance from the CreativeMindClass team John's videos have been finished and in the process of uploading them. the decision was made to start selling the course at $100 (incl. VAT).
Soon... hooray! John's Instagram followers, Nina, signs up to take the course! Nina is based in Germany so the course will be completed by Johnhas to be paying German taxes..
CreativeMindClasses's automated pricing system does the math for everyone.
The price breakdown at the end is like:
- The tax rate for VAT in Germany = 19 percent.
- Charges for payment processing for Stripe 4%
- Students who use digital services 6.6 percent
- CreativeMindClass The Basic Fee for the packge equals 8%
- John earns 63% of each course offered.
At the end of the day: John earns $63 for every $100 class that is offered on CreativeMindClass.
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