What is Udemy?
Udemy is an online learning portal with more than 40 million people registered and 204,000 classes. You can learn a number of things ranging from Business related topics such as Finance and Marketing to Personal development topics such as Parenting and Nutrition. Teachers earn income from this platform and students learn a variety of topics on single portal.
How much can you earn online from Udemy?
The statistics demonstrate the financial success of the online learning sector. On Udemy, top selling instructors earn revenues ranging from $650,000 to $2.8 million over their lifetime.
What are the requirements to become a teacher on Udemy?
Students can master practical skills through the use of video-based Udemy courses. Udemy will assist you in organizing your knowledge into an online course that enhances the lives of students, whether you have prior teaching expertise or this is your first time.
And finally, the most important question for us:
Can you earn money online from Udemy when you are based in Ethiopia?
The answer, absolutely! Below is a step by step guide on how you can earn money online in Ethiopia:
1. Pick a Topic of Interest
The first step is to pick a topic that you will teach on Udemy. You should make sure that your topic of interest is something that you know very well.
2. Register on Udemy
Register on Udemy and click on Become an Instructor tab on top of the homepage. This will lead to a series of questions that are designed to give you a better experience as an instructor on Udemy.
3. Setup your Payment Option
If you are based in Ethiopia, set your option to Payoneer payout. You will receive your payment on your Payoneer account and Payoneer will allow you to directly transfer to your Ethiopian bank account once your balance reaches fifty dollars (50 USD).
4. Research your Topic on Udemy’s Marketplace
Udemy’s Marketplace will help you create courses that your prospective students will adore by better understanding the students. You will be able to see statistics on student searches, currently offered courses, and potential revenue on your subject.
5. Prepare your Course
Now that you know your topic of interest and what your prospective students are looking for, it is time to create a video based course. The only length requirement for a course is that it must be at least 30 minutes. Your course also needs to have at least 5 separate lectures.
6. Upload your course on Udemy
Once you have finished creating your course, upload your course on the site and starting earning income based on Udemy’s income sharing scheme.
7. Get paid
Udemy takes two months to pay you what you have earned as it has a two months’ return policy for students that are not satisfied with your course. Udemy transfers the money you have earned to the account you have set up on step 3 of this guide once the two months elapses.
You can request promo codes for the below Udemy courses through our contact form:
Udemy Courses authored by our Finance Advisory Team Lead:
Financial Statement Analysis: Case Study – FS Facebook 2021
Food Cost Control – Restaurant Business
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