The revenue-sharing model on LearnFormula is designed to reward instructors for creating high-quality content and driving traffic to their courses. Here’s a detailed breakdown of how it works:
Instructor Revenue Policy
No Fees for Hosting: Instructors do not pay any fees to create and host courses on LearnFormula. You can publish as many courses as you like.
Revenue Share Agreement: For paid courses, instructors receive up to 50% of the actual revenue for each course sale.
Revenue Share Scenarios
Individual, Stand-alone Course Sale:
Description: When a student finds and purchases your course organically on LearnFormula’s marketplace.
Instructor Payout: Up to 50% of the revenue at the base price set by the instructor in collaboration with LearnFormula.
Platform Fee: A markup fee set by the platform based on market demand.
Course Purchased as Part of a Package Sale or Marketing Program:
Description: When a student purchases a custom package or a pre-designed compliance package that includes your course.
Revenue Split: The total revenue is split proportionally based on the number of hours each course contributes to the package. The instructor payment is up to 50% of the revenue generated by their course in the package.
Example: If your 1-hour course is part of a 10-course package priced at $100, the revenue for your course is $10, and your payout is up to $5.
Marketing Programs
Default Enrollment: By default, instructors are enrolled in all promotional and marketing programs designed by LearnFormula, which helps maximize sales through various marketing efforts.
Opt-out Option: Instructors have the right to opt out of these programs by contacting their Instructor Manager or LearnFormula support team.
Benefits of the Revenue Model
Aggressive Marketing: LearnFormula invests heavily in marketing to expand your potential audience and drive traffic to your courses.
Supportive Community: Instructors benefit from a supportive community where knowledge and successful strategies are shared.
By focusing on creating high-quality courses and leveraging LearnFormula’s marketing programs, instructors can maximize their revenue and impact. To learn more about the revenue-sharing model, please visit LearnFormula Instructor Revenue.