is udemy still a good way to earn passive income in 2022?
Short answer? Yes.
Back in 2021 I created a new Udemy account and recorded a course for a new subject that I'd never taught before. I wasn't on video in that course. The result?
The course began to generate passive income from the very first month it was live on Udemy without any marketing (by me) at all. Here's what the numbers show across the last year.
I took the screen shot on my phone, so the numbers look kind of wonky, but if you look at the top of the second image, you'll see my latest earnings.
In May and June (the 1-year mark), I'm now earning close to $300 per month. That's without any marketing on my part and I almost never receive questions from students, so I don't have to deal with that either.
In total, I've earned an extra $2,000ish over the last year. My students all came from Udemy's promotions. I just sit back and enjoy an extra couple hundred bucks each month.
How Can You Get Similar Results?
For those who are thinking about creating a Udemy course, I have a few suggestions.
- Spend a lot of time researching topics
- Choose topics with big underserved markets
- Create beginner-level courses
- Keep your videos simple to save time on edits
- Create more than 1 course for more income
- Market any future courses to past students
As long as you stick with the above, you can build Udemy into a full-time passive-income if you want to.
For those who follow me on the Insider's section of the Fastlane Forum, I've already done this in one of my GOLD threads with my first Udemy account.
At its peak, my earnings held steady between $2,500 and $3,500 per month and reached as high as around $5,000 before I stopped actively putting effort into the older account.
Yes. There are a few downsides to creating courses on Udemy.
First, you'll need to be enrolled in Udemy's marketing program if you want them to help you attract students. That means your course that you put so much effort and hard work into will sell for around $14 on average and you will only receive a small percentage of each sale unless you do your own marketing.
Second, depending on your topic and market (especially for topics where you help people make money), Udemy students can be harsh with reviews and ratings. There are a lot of low-value losers out there who think the videos in a $14 course should look like a Marvel Studios movie. These idiots will leave 1-star ratings as soon as they realize your course didn't magically make them rich overnight. The problem is that ratings are EVERYTHING on Udemy. If your ratings fall (and it doesn't take many 1-star ratings for that to happen) then sales for a good course can die off completely.
This leads into the third downside which is that you have NO control over your course. Udemy can do as they please. It's their platform. They can censor you, kick you out, refuse to pay you or any number of other issues, and don't ever expect them to help you with poor reviews or scammers because they won't.
That said, Udemy has been a positive experience for me overall. I've maintained courses on Udemy since 2015, and currently I generate around $1,000 per month passively from the courses I've kept live on the platform.
So if you need a way to hustle up cash, Udemy is one of the easiest paths to do that as long as you're willing to put some effort in upfront to research and create your course. The more marketing you do, the higher your income will be.
If you want to learn more about HOW to research Udemy course topics to find underserved markets, I'll share more about that in our new members' area soon.