August 22, 2016 – Udemy Makes Another New Pricing Change!

Hello everyone and welcome to yet another online teaching case study! In this week’s case study, we are going to be discussing Udemy and their new pricing change 2.0! 

As a lot of you know about 5 months ago Udemy changes its pricing structure limiting instructor to $50 Maximum course prices and $20 minimum course prices! They are now going back to their old model with a few slight changes. Here is the article straight from their blog!

This is a huge change yet again and I am very excited to see how the market reacts to these new pricing changes! I have created my view own youtube video to help answer questions and how I will be pricing my courses with the new pricing update coming August 22!

Click here for the FREE Video and don’t forget to subscribe to our channel!

https://www.youtube.com/channel/UC8g_o_0wHJUsp67lJA69yhg

We now have over 20+ hours of free preview video content for all of my best selling online courses!

Resouce: Udemy Blog

https://teach.udemy.com/updates-pricing-and-promotions

In April, we updated the Pricing and Promotions Policy on Udemy. This was one of the biggest changes in the history of Udemy, and we know this change had a big impact on you: our partners in this business. Over the past 4 months, we’ve been listening intently to you and your students. We’ve heard from you that you need more flexibility in setting your prices, and we’ve heard from students that they are motivated by more varied promotions that prompt them to explore a new product like an online course.

We heard you and are taking action. Effective August 22, we’re updating our pricing model:

  • A wider range. We’ll be expanding the range for list prices on Udemy to $20 – $200.
  • Larger discounts. We’ll be increasing the discount cap for Udemy promotions to 75% off and removing the 50% off limit on instructor coupons.
  • Re-introduction of fixed price deals. By popular demand, we’ll bring back the Fixed Price Promotional program. This will allow us to run promotions on your courses at prices like $10 or $15.
  • Maintain the floor. We will continue to limit sale prices to a minimum of $10, for both instructor promotions and Udemy deals.
  • Maintain tiers. We will continue to tier course list prices on the 5s and 0s.

Please note that all of these changes will go live on August 22. The Udemy Deals Program now includes both a Percentage Promotions program and a Fixed Price program.

We have opted instructors into these programs based on your past promotional preferences. You’ll be receiving email updates from our team with more information on your specific opt-in preferences.

An evolving marketplace

To be clear with you, we will continue to evolve our pricing model as the marketplace matures.The most recent pricing model provided key insights into pricing on Udemy. We will continue to dig deeper into these learnings and student feedback to evolve our pricing in the future. We believe this will help you grow your revenues on Udemy and, as we continue to grow and learn, we will continue to refine our pricing.

Our goal in making this change is to increase stability and confidence in your Udemy revenue as we continue to deepen our partnership.

Next steps for you

Please log into your account and visit the Bulk Price Edit screen. There you can change your course prices and confirm your opt-in for the Fixed Price program. Your courses will be included in our upcoming promotions unless you opt out of the program by August 22. Courses that you select new prices for will update on midnight Pacific time, August 22. For guidance on how to think through pricing your courses, please see our blog post.

Our team is on hand to answer any questions you have in the Udemy Studio this week, and we’ll also be hosting a conference call to go over this change in more detail. You can register for the conference call here. Thank you for your flexibility and support as we work together to build a stronger, more sustainable marketplace.

(In April, we updated the Pricing and Promotions Policy on Udemy. This was one of the biggest changes in the history of Udemy, and we know this change had a big impact on you: our partners in this business. Over the past 4 months, we’ve been listening intently to you and your students. We’ve heard from you that you need more flexibility in setting your prices, and we’ve heard from students that they are motivated by more varied promotions that prompt them to explore a new product like an online course.

We heard you and are taking action. Effective August 22, we’re updating our pricing model:

  • A wider range. We’ll be expanding the range for list prices on Udemy to $20 – $200.
  • Larger discounts. We’ll be increasing the discount cap for Udemy promotions to 75% off and removing the 50% off limit on instructor coupons.
  • Re-introduction of fixed price deals. By popular demand, we’ll bring back the Fixed Price Promotional program. This will allow us to run promotions on your courses at prices like $10 or $15.
  • Maintain the floor. We will continue to limit sale prices to a minimum of $10, for both instructor promotions and Udemy deals.
  • Maintain tiers. We will continue to tier course list prices on the 5s and 0s.

Please note that all of these changes will go live on August 22. The Udemy Deals Program now includes both a Percentage Promotions program and a Fixed Price program.

We have opted instructors into these programs based on your past promotional preferences. You’ll be receiving email updates from our team with more information on your specific opt-in preferences.

An evolving marketplace

To be clear with you, we will continue to evolve our pricing model as the marketplace matures.The most recent pricing model provided key insights into pricing on Udemy. We will continue to dig deeper into these learnings and student feedback to evolve our pricing in the future. We believe this will help you grow your revenues on Udemy and, as we continue to grow and learn, we will continue to refine our pricing.

Our goal in making this change is to increase stability and confidence in your Udemy revenue as we continue to deepen our partnership.

Next steps for you

Please log into your account and visit the Bulk Price Edit screen. There you can change your course prices and confirm your opt-in for the Fixed Price program. Your courses will be included in our upcoming promotions unless you opt out of the program by August 22. Courses that you select new prices for will update on midnight Pacific time, August 22. For guidance on how to think through pricing your courses, please see our blog post.

Our team is on hand to answer any questions you have in the Udemy Studio this week, and we’ll also be hosting a conference call to go over this change in more detail. You can register for the conference call here. Thank you for your flexibility and support as we work together to build a stronger, more sustainable marketplace.

Case Study 6/8/2016 Working On Other Online Teaching Platforms Part 1

Hello everyone and welcome to yet another online teaching case study! In this week’s case study, we are going to be discussing Skillshare and creating courses other than Udemy!

Recently I have been uploading a lot of my courses onto other platforms, especially Skillshare. Skillshare is a subscription based online learning platform that allows premium users to access our courses. You can also create “free courses” that allow students to enroll anyone to enroll in your course for free!  Here is what my profile looks like after 3 days of starting on Skillshare!

So what are the advantages of working with Skillshare? Once you course has been approved it seems to be completely 100% passive income. There is not a whole lot of “student interaction” or “sending emails/answering questions”. However, Skillshare does have a “project” requirement for every course. Here is what that looks like!

Skillshare also pays its instructors with paypal and with a 50% 50% revenue share split. Its different because it’s a subscription based company, so here is some of the details below!

Overall I think trying and seeing how Skillshare works for you is a great opportunity to grow your online teaching business and earn some passive income as well!

I hope you have enjoyed this week’s case study! There are many ways to begin teaching online, but this should give you some great ideas that have worked for myself and many other online instructors! Stay tuned next week where I discuss more online teaching strategies.

Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!

Also, you can check out all of my online courses by going to: www.joeparys.com 

Sincerely,
Joe Parys

Case Study 5/25/2016 Promoting on Youtube and Beyond!

Hello everyone and welcome to yet another online teaching case study! In this week’s case study, we are going to be discussing how to use Youtube and Your own Website To Boost Online Course Sales!
Since sales have slowed down and our own promotion on Udemy are not half of what they use to be, a lot of online instructors have begun their own marketing campaigns to dive in additional sales. I myself have build my very own Youtube channel and wanted to discuss how things have been going.
My channel (Joe Parys Academy) is a Youtube channel dedicated to helping teach as many people online as possible. My goal is to give away free preview videos to all of my bestselling online courses. This creates a win/win situation. First off, the view gets an awesome free video tutorial. Second, I get a chance to market my videos on an amazing platform and potential upsell my videos. Here is a screen shot of the beginning stages of my Youtube Channel.
As you can see I have just started the channel, but already I can see the enormous value! In one of my videos I had over 6 hours minutes viewed the very first day, and I made a full price sale directly from the link in my Youtube description! Now, I only have 9 subscribers and I am still in the process of building my channel, but I can say it’s a great place to get started making some extra sales and marketing your online courses.
Another place I am now selling my courses and giving away free courses is on my own Website!
This has proven to be a bit more of a challenge and I am still building my website as well, but the potential seems to just as great! If students find my website they will be able to enroll in my courses directly on Udemy using my own coupon codes! This again creates a massive win/win situation where I earn 97% and the students save 50% off my courses! Feel free Enroll in my free courses by going to my website! Enjoy!

 

I hope you have enjoyed this week’s case study! There are many ways to begin teaching online, but this should give you some great ideas that have worked for myself and many other online instructors! Stay tuned next week where I discuss more online teaching strategies.
Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!
Also, you can check out all of my blog posts for FREE by going to:
Sincerely,
Joe Parys

Case Study 5/18/2016 Keywords and Search Terms For Online Instructors!

Hello everyone and welcome to yet another online teaching case study! In this week’s case study, we are going to be discussing Keywords and Search Terms For Online Instructors!

Last night I just received an email from a student who visited my website. He said that it was a little difficult navigating around my course and he needed a “search” bar to find the courses he was looking for. This made me think of an excellent topic to discuss in this weeks case study!

How many sales are you losing out on because your course is not being found by the right students?! This is why keywords and search terms are very important to your online teaching success. So what are some great keywords and search terms to use when thinking about your title and subtitles in your next courses?

Here is a list of some of th most searched for terms on Google:

Weather, Translate, Maps, Calculator, News, Youtube, Restaurants, Movies, Calendar, Speed Test

Now, these are pretty random and may not be applicable to our online courses, but lets look a level deeper and explore why these terms are being searched.

Most people are looking for instant results and answers. This is why people will search for weather on their computers. Also, weather is something that is important to a lot of people! So when it comes to creating headlines, titles, and descriptions for your online courses, think about what your student is going to NEED and also is IMPORTANT to them!

Here are some examples from my best selling courses:

The Complete PHP Course With Bootstrap3 CMS System & Admin Panel

The Complete Online Teaching Masterclass: Teach Online Today!

The Complete Android Developer Course: Beginner To Advanced!

Using these three examples I have the keywords “The Complete” in every example. Why? This tells students that the course is very comprehensive! When students search for courses they want something complete and comprehensive. Also, I use words like Android, Teach, Masterclass PHP Course, Ect. So that students who use these keywords will be more likely to find my courses as well.

It is important to understand and using as many “keywords” that people are commonly searching for in order to get the best results possible! I suggest using google trends to help you with the most common keywords and think hard about which keywords your courses will use to stand out from!

I hope you have enjoyed this week’s case study! There are many ways to begin teaching online, but this should give you some great ideas that have worked for myself and many other online instructors! Stay tuned next week where I discuss more online teaching strategies.

Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!

Also, you can check out all of my blog posts for FREE by going to:

http://joeparys.com/

Sincerely,

 

Joe Parys

Case Study 5/10/2016 How To Create A Udemy Bestseller!

Hello everyone and welcome to yet another online teaching case study! In this week’s case study, we are going to be discussing Udemy Hot Topics and how to create your next bestselling course

Mentioned in last week’s blog, Last month (APRIL 2016) Has been my slowest month on Udemy (revenue wise) In the past 6 months!

This means its time to step up our course creation! In this blog post you will discover the secrets to creating an awesome online course here on Udemy. I will discuss 3 main tips to help you get a bestseller up and running here on Udemy!

Let’s dive in!

Here are the essentials to almost every excellent course here on Udemy

1)    The Course is A “Hot Topic

This means that there are a lot of people looking to enroll in the course and the subject is in demand. An example would by me PHP or Android courses which have over 20,000+ students enrolled in them!

2)    100+ Good reviews

We have discussed how the review system has changed and now more than ever it is very important to have more than 100+ positive reviews. This is because the volume of reviews being written are increasing! So we need to increase our positive reviews. How do we do this? Check out my previous blog article!

3)    Course discussions & Minutes viewed are being generated every weeks

Udemy is moving torward looking at the data in your courses! Specifically those course who have a lot of discussions being generated and minutes being watched! Youtube does the exact same thing and I thing Udemy is moving toward using this as a benchmark as well!

I hope you have enjoyed this week’s case study! There are many ways to begin teaching online, but this should give you some great ideas that have worked for myself and many other online instructors! Stay tuned next week where I discuss more online teaching strategies.

Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!

Also, you can check out all of my blog posts for FREE by going to:

http://joeparys.com/

Sincerely,

Joe Parys

Case Study 5/2/2016 APRIL SALES ON UDEMY

Hello everyone and welcome to yet another online teaching case study! In this week’s case study, we are going to be discussing APRIL SALES and why Udemy has been slow. In this case study I will be discussing 3 main areas: Opportunity, Creating new courses, and where to start marketing!

 

 

Last month (APRIL 2016) Has been my slowest month on Udemy (revenue wise) In the past 6 months! Now, there are many factors that have gone into this slow month, but should this be a cause for concern? Well, it depends on how you look at it.

11) There is more opportunity now on Udemy to earn even MORE money if you have an extremely popular high end course! Why? Because the average for our courses will be reaching a higher price point. All of my courses (on average) sold well below $20.00. So now that my courses are at a higher pricepoint, this means that in time that will become the new baseline! It will take time for Udemy’s student base to adjust to this (as anything new takes time) however, in a month or two more in the future when they do adjust we will be reaping the benefits.

22) Creating new courses is the best thing you can do right now! The more courses you create today will only help you in your revenues and sales in the future! This is my main goal right now and I will continue to grow and create new courses!

33)  Marketing: Youtube Marketing is something I am going to be perusing heavily this month and next! Stay tuned for more updates and strategies in future case studies.

I hope you have enjoyed this week’s case study! There are many ways to begin teaching online, but this should give you some great ideas that have worked for myself and many other online instructors! Stay tuned next week where I discuss more online teaching strategies.

Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!

Also, you can check out all of my blog posts for FREE by going to:

http://joeparys.com/

Sincerely,

 

Joe Parys

Case Study 4/11/2016 How To Get Your Course Approved On Udemy

Hello everyone and welcome to yet another online teaching case study! In this week’s case study, we are going to be discussing:
How To Get Your Course Approved By The Udemy Review Team!
Recently I have been creating many new courses and had difficulty getting a course approved by the review team. In fact, it took the team more than 2 weeks for them to approve our course. Let me share with you my experience and how persistence can help you launch your very next online video course!
1) First, it is important to know that the Udemy review team does a very good job in screening our courses. However, they do sometimes get overloaded and need us as instructors to do our best to stay patient, but also persistent.
On average the review team takes about 2-3 business days to respond to your course once you submit it for review. In my last courses case, it took about 10+ business days. So, on day 5 I decided to send Udemy support and email. They got back to me saying they were looking into it. It was then another 3-4 business days where nothing happened and there was no response. So I decided to persistently send them another email. Again it took them a few days to respond, but once they did the course went live within a matter of hours!
Now, when working with the review team members and Udemy support it is important to be as helpful as possible when it comes to getting your course approved! Here is an example from my course!
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Since I was able to execute and be helpful the review team was able to put my course in the new and noteworthy section and the course is doing very well now because of it!
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This is the power of working with the review team and producing a high quality course! We hope to see your next course live on the Udemy marketplace in no time!
Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!
Also, you can check out all of my blog posts for FREE by going to: http://joeparys.com/
Sincerely,
Joe Parys​

Case Study 4/4/2016 Green Screen Essentials!

Hello everyone and welcome to yet another online teaching case study! In this week’s case study, we are going to be discussing: How To Use A Green Screen To Create Amazing Videos!
Recently I have been learning how to create better videos for my online students. Using a green screen is an awesome tool and it can be very engaging! We will be discussing 3 specific tops in this post:
1)   How to buy a green screen and lighting kit
2)   Setting up your green screen and lighting equipment
3)   How to shoot and edit your green screen videos!
Let’s get started!
1)   How to buy a green screen and lighting kit
So where do I suggest you go to buy your green screen? The internet of course! In fact my green screen only cost me about $20.00 from Amazon (after shipping and handling!)
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Now, it is also very important that you are able to light your entire green screen! This way you do not get shadows or “spots” when you record your video. This is why I have purchased two “Cow-Boy Studio” lighting kits! For only $50.00 each, these were a great investment!
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2) Setting up your green screen and lighting equipment:
So when it all of your equipment arrives at your doorstep just go ahead and start unwrapping it!
**IMPORTANT**
Before you hang up or put your green screen against a wall, make sure you STEAM it and to get all of the creases out! You do not want your green screen to have any creases because it they will show up in your video and it will not look very professional!
Pro Tip: I actually went to my local dry cleaners and had them professional press my green screen. It looked amazing and only cost me $7.00!
Now, once you have everything out of the boxes and are ready to put things together, I wanted to make the suggestion you keep your lights “semi” close and also at all different angles shooting at the green screen. This will allow enough light to hit the green screen and also reduce shadows! I have lights on all sides, above me, and even a little behind me! However, you will have to see what works best for you! But just my suggestion J
4)   Once you have everything set up its now time to start filming your videos!
I personally use a Cannon HD camcorder because I think the quality looks better, but you can use a webcam or iMac camera. The results will differ depending on which camera you use. Now, once you film yourself against the green screen you will need to edit your videos!
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Using iMove/ Camtasia, After Effects, or Final Cut Pro will easily allow you to use the green screen effect you are looking for. All you have to do is overlay a your original green screen video with a background of your choice and poof! Your video will instantly be transformed!  See Below!
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I hope you were able to learn a lot about green screens today! It’s now time for your to go out there and start filming your new videos today!
There are many ways to begin teaching online, but this should give you some great ideas that have worked for myself and many other online instructors! Stay tuned next week were I discuss more online teaching strategies.
Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!
Also, you can check out all of my blog posts for FREE by going to: http://joeparys.com/
Sincerely,
Joe Parys​

Case Study 3/28/2016 Writing Your Course Summary!

Hello everyone and welcome to yet another online teaching case study! In this weeks case study, we are going to be discussing: Your Udemy Course Summary & Course Goals! 
In this weeks case study I am going to show you some of the best examples I have seen on Udemy and also why they are very effective! I am also going to show you my own course summaries and how you can model your course summary after mine!
Let’s get started!
Recently I was watching a youtube video by one of the top paid individual instructors here on Udemy, Alun Hill. In his video, Alun breaks down what has been working for his own course summaries on Udemy! Here is what Alun discusses:
#1) Udemy suggest that we have a minimum, yes minimum, of 300 words for our course summary. Now, I personally believe that sometimes “less is more” meaning is someone really going to read a 5,000 word course summary? Well, the answer is YES they actually probably are if they are really interested in enrolling in the course! This means it is critical to add in as much as we can to our course summary page (without overdoing it folks). Here is an example from my Bestselling Confidence and Self-Esteem Course! As you will notice I have added multiple positive reviews and have been very detailed about what my students are going to receive by enrolling in this course!
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#2) Don’t just write anything! Make it actionable
Now, it is important to drive home the point that you need to make your course summary very actionable and inspiring! Don’t just write things and mark things down to get your “word count” up. It’s important for your works to have meaning and to help your students make the decision to enroll in your fabulous course!
#3) Make sure to include Udemy’s 30 Day Money Back Guarantee in Your Course Summary!
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Udemy offers each one of its students a 30 day money back guarantee when they enroll in your courses. This is a major advantage that you should make your students very aware of! — “But Joe, if people know they can get their money back, wont this lead to more refunds?” The answer is “not really!” in fact, every month my refunds have been less than 3% of my total sales! However, knowing that students can get their money back, no questions asked, provides them a safety net and encourages them to take the risk and enroll in your course!
Here is the link to Udemy’s 30 day money back guarantee policy:
#4) Make sure to include your total student count and reviews!
This is a great social proof marketing tool and at the very top of each of my personal courses I include total students enrolling in my courses and how many positive reviews I have received! Here is an example of what this looks like in my course summary for my Android course which now has more than 18,000+ Students!
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I hope you have enjoyed this weeks case study! There are many ways to begin teaching online, but this should give you some great ideas that have worked for myself and many other online instructors! Stay tuned next week were I discuss more online teaching strategies.
Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!
Also, you can check out all of my blog posts for FREE by going to:
Sincerely,
Joe Parys​

Case Study 3/21/16 Why Traveling Helps Your Online Teaching!

Hello everyone and welcome to yet another online teaching case study! In this weeks case study, we are going to be discussing: Why Traveling Helps Your Online Teaching! 
I will be discussing and showing you specific examples from my own traveling experience! Here I am in beautiful Orange Country California!
Let’s Get Started! 
So why am I sharing my own ​personal traveling story here with you today? Because traveling has enhanced my online teaching 100 fold!
In fact, some of my best selling online video courses have been from videos shot all around the world!
Recently I have discovered how easy it is to create high quality videos simply using my iPhone 6S plus! I simply plugged in my microphone, fired up my FiLMMIC PRO App (available for only $10.00 on the app store) and grabbed my “selfie stick” and I was instantly able to create awesome videos!
 Here is a screenshot from a video I filmed on the beach this weekend!
In addition to creating high quality videos while traveling, showing your students around new environments stimulates their learning and inspires them to learn more! I know from personal experience that when I saw an instructor teaching from a “cool” location, it inspired me to create that lifestyle for myself!
And Well, it looks like I am on the right track :)
What is also so great about traveling is that it enhances your worldly view. With over 100,000+ students now from over 185 countries world wide, its important for me as an instructor to get out their and see the world (as best as I can) through my students eyes! The best way to do this is to get out their and start traveling!
This weekend I was able to visit Orange County, Los Angels, Palm Springs, Tempe, and Phoenix all in the same week! Its amazing how different things are even from just one state to another! I have also been able to travel to Greece, Hawaii, Canada, Mexico, The Bahamas, St. Thomas, St. Martin, and many other places!
Traveling and Teaching has never been so easy, and with technology the way it is today you can work from pretty much anywhere at anytime! I hope this post inspires you and if you have any questions please feel free to message me anytime!
I hope you have enjoyed this weeks case study! There are many ways to begin teaching online, but this should give you some great ideas that have worked for myself and many other online instructors! Stay tuned next week were I discuss more online teaching strategies.
Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!
Also, you can check out all of my blog posts for FREE by going to:
Sincerely,
Joe Parys​

Case Study 3/14/2016 An Understanding of “Why” To Teach Online Today!

​Hello everyone and welcome to yet another online teaching case study! In this weeks case study, we are going to be discussing something a little different. We are going to be talking about “Why” To Teach Online. 
This post will be a little different than our last ones, but I think it is very important to discuss where education is headed and where it is now!
Let’s dive in! 
For the past 3 and a half years I have been teaching in the high school classroom. I have a licensed teaching degree in history and psychology from Coe College in Cedar Rapids, Iowa.
Technology has really taken over in the classroom and every student seems to have a smartphone, ipad, or something that connects to the internet.
In the past year our school (any many others) have invested in “Chromebooks” for each student to have available in every classroom. A Chromebook does not have a hard drive, but it allows our students to access google classroom and work on their homework/projects/daily assignments anytime, anywhere!
So why is this so important? I believe there is a massive shift in education happening right now, especially in the classroom! Students are learning and have access to more information than ever before. The simple go to class and listen to a lecture just isn’t cutting it and students are logging on and watching videos now more than every before!
This leads me to believe that if you are in the field of education (or you want to be) being able to have the skill of creating high quality videos is an extremely important skill to have!
I believe that online education is the future for our education and you will begin to see more and more “teaching online” from our formal universities and high schools.
So if you have not started teaching online yet there is no better time to do so! The best way to get started is to just begin taking action! One step at a time, day by day, and eventually you will have built something for the world to enjoy. I hope this post inspires you to create your first or next online video course and I look forward to writing more blog posts for you in the future!
I hope you have enjoyed this weeks case study! There are many ways to begin teaching online, but this should give you some great ideas that have worked for myself and many other online instructors! Stay tuned next week were I discuss more online teaching strategies.
Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!
Also, you can check out all of my blog posts for FREE by going to:
Sincerely,
Joe Parys​

Case Study 3/7/2016 Udemy’s New Pricing System!

I will be discussing three major topics in this blog post. The three main areas we will be discussing in this post are:
1) My reaction to the new pricing system and how it will affect my own courses moving forward
2) March 2016 Promotion Strategies and when to change the prices of your Udemy courses
3) Pricing strategies for the future and beyond here on Udemy!
Let’s Get Started!
1) My reaction to the new Udemy Pricing System
My first reaction to the new pricing system was complete “shock and disbelief”. “Only $50 as a maximum? $20 minimum? Seems like such a small range and wont everyone choose the same prices now?”
But once I did my research and read more as to “why” Udemy was doing this, I began to understand and think that it will benefit everyone moving forward! Incase you have not heard about the new pricing system, here is the email sent out by CEO Dennis Yang March 2nd, 2016:
“Hello Instructors,
Over the past few months, we have spoken with many of you on the phone and in person. Thank you for sharing with us. One topic has come up again and again throughout these conversations: our pricing. In this email I’ll share with you an update to pricing and promotions on Udemy as well as next steps for you.Current
Pricing
Students are Confused by Inconsistent Pricing
Today, prices are inconsistent and complicated for students. List prices range from $9 to $300, but the reality is that 90% of sales occur with a coupon code, and at a price less than $50. Students have been telling us how much they’re willing to spend for an online course, but we haven’t been listening as well as we should. We want pricing to be accessible and intuitive for students – to serve as an easy entry into learning, not a barrier.
Instructors are Frustrated by Constant Discounts
I’ve heard directly from you, our instructor community, that our promotions train students to wait for the lowest price and lead to an erosion of your average selling price. This has also encouraged inflated list prices, which makes it difficult for you to generate organic sales, and we’ve heard from many of you that deep discounts hurt your brands.
New Pricing
Reducing Discounts and Increasing Trust: Updating our Pricing
To address student and instructor concerns, today we’re announcing changes to pricing and promotions on Udemy. First, discounts, for both Udemy and instructor coupons, will be capped at 50% off.
Additionally, we’re announcing a change to list prices on Udemy: list prices will be capped at $50. This, combined with the reduction in discounts, will help keep courses accessible for students going forward. Effective April 4, 2016:
  • Courses on Udemy will be priced between $20 and $50; we will also continue to support free courses. Please see our Global Price Matrix for localized ranges.
  • Each course price will be individually set by the instructor between $20-$50, within $5 increments.
  • Course discounts, for both Udemy coupons and instructor coupons, will be capped at 50% off; we will also continue to support free coupons.
Learn More
We need a pricing model that combines both instructors’ desire to minimize discounts with students’ desire for fair and consistent pricing. We believe that combining lower list prices with smaller discounts will help ensure that Udemy remains a sustainable and accessible marketplace for both instructors and students for years to come.
We all believe that people everywhere should have access to the skills and courses necessary to build the lives they imagine for themselves. This belief is why I joined Udemy, and why so many of you teach. I’m honored to work alongside you, and our entire team is standing by to answer any questions you might have. If you’d like to set up some time to speak, please fill out this form.
At this time we ask that you view this post for the next steps you need to take, as well as a more detailed explanation of this change.We’re thrilled to partner with all of you on this journey, and we couldn’t be more optimistic about our future together.
Dennis Yang
CEO, Udemy”
What does this mean for all of us online instructors? It means we need to work with this new system, instead of against it. I will prove my own personal strategies in step 3 of this blog post!
After looking at my own sales data a majority of people were willing to buy my online courses at $10 to $25 dollars. I think this is why Udemy is going to this new pricing strategy and I believe it will work moving forward!
2) March 2016 Promotion Strategies and when to change the prices of your Udemy courses
Since today is March 7th and the new pricing system will not be in place until April 4th, this offers us instructors a unique opportunity to promote our courses. Why? Because $1 to $9 coupons and coupons with massive discounts (Anything beyond 50%) will cease to exist past April 4th.
My suggestion is to leave your courses the same price as they are today and not adapt the new system until April 4th. Why?
a) Udemy is still running its discount promotions in the month of March (I have received a ton of March affiliate sales so far!)
b) This will be the last chance (possible ever) to receive full price purchases of your Udemy courses! I received one as an affiliate sale already this month!
c) Run a massive $9.00 course super sale all the way until April 3rd or 4th. This new pricing system creates wonderful leverage to discount our courses below the future prices. As described above 50% will be the biggest discount moving forward and if your courses are the minimum $20 then $10 is the absolute lowest price for a course ever again on Udemy. So if we create and use our coupons below this mark ($9.00) as a super special I would image a lot of students would like this and want to buy our courses at this price!
3) Pricing strategies for the future and beyond here on Udemy! 
So what are our options moving forward here on Udemy? What should I charge for my courses moving forward? This will be a difficult question to answer because the conversion data for your Udemy courses is certainly going to be different than the conversion data for mine! According to Udemy my courses are selling at around the average of $20 (with some of my bestsellers at around $25 on average). This means that I will most likely choose to list all of my courses at $20 to start and some of my bestsellers at perhaps $25. This will hopefully lead to more sales and will help me against my competition who will be selling similar courses but perhaps at a higher price? Only time will tell but I think this is going to bring in more students (especially organically) and put more money in our pockets as instructors! A Win Win for Everyone!
These are just a few ways you can take advantage of the new Udemy Pricing System and cash in on this unique opportunity!
I hope you have enjoyed this weeks case study! There are many ways to begin teaching online, but this should give you some great ideas that have worked for myself and many other online instructors! Stay tuned next week were I discuss more online teaching strategies.
Thank you for reading our blog post today! If you have any questions please feel free to post your comments below!
Also, you can check out all of my blog posts for FREE by going to:
Sincerely,
Joe Parys