How to price your online course

After you have decided the course topic, content, & method of course delivery, the next step you might be pondering about is the pricing of your course. Some of the factors that you must consider while deciding your course fee are:

1. Prices of similar courses offered by the competitors: Do a quick competitor analysis to determine the average price of the courses on a topic similar to yours. The prices of courses may fluctuate depending on course proficiency, the expertise of the teacher, platform on which the course is sold, etc. Keep these things in mind, calculate the average cost of the course on your topic.

2. Time spent in creating the course: Do not underestimate or overestimate the effort you have put into the course creation. While deciding the cost of the course, ensure that you are well paid for your hard work.

3. Benefits the audience will gain after completing your course: While deciding the cost of the course, consider thinking about various profits the audience will reap in terms of growth in skills, knowledge, & market value after completing your course. If your course is guaranteed to benefit the audience in any of these areas, they might probably be willing to spend more on your course.

4. You can change your course pricing after selling the first one at a minimal cost for trial: This can also be a method for you to market your course & skills. Moreover, this will help you gauge the actual price that you should charge from the audience from your course.