Thinkific is a brilliant tool for businesses.
This platform can be used to create courses. These courses are great for training.
Thinkific places emphasis on the customization of their content, which allows businesses to ensure that their content is relevant. However, can you make money with Thinkific?
Yes! You can even use Thinkific to make money.
Like many online platforms, Thinkific can be profitable, especially if you know how to use it.
So with these top tips, you can make money through Thinkific!
How Can You Make Money With Thinkific?
Create Courses
The most obvious way that you can earn income through Thinkific is by publishing courses.
Thinkific allows its members to publish unlimited courses so that they can be watched by other people.
If users believe that their content will be useful to other users, they can sell online courses through Thinkific.
Of course, making money through selling courses is a bit harder than it sounds, even on this great course marketplace.
After all, you will have to create a course that people will be interested in.
Not only must the content be desirable, but your online course should be of high quality. It should also contain information about a few different things that cannot be found elsewhere to set it apart from the competition.
As a result, it’s best to choose a subject that you are passionate about.
Ideally, you should be an expert in this field when making your first course.
The good news is that Thinkific covers a wide range of topics, so you should be able to find a relevant subject that you can tackle.
Course creation is super simple once you have picked a niche to focus on.
There are plenty of guides online that will lead you through the process.
Market Your Course
Once you have devised your course, it’s time to start marketing it.
Marketing efforts are essential, as they will make people aware of the course.
As a consequence, people are more likely to pay to view your course.
Luckily, social media has made it easier than ever before to market content.
Social media platforms such as Facebook, Instagram, Snapchat, Linkedin, Twitter, and TikTok are ideal places to advertise your course.
The larger your following, the better.
Simply creating a story or post on one of these social media accounts can increase awareness of your Thinkific course.
If you have a blog, website, or Youtube account, we also recommend using this to market your Thinkific Course.
This will be especially useful if your own Website or Youtube account is dedicated to the content that your course covers.
For instance, if your blog is focused on business skills, your audience will likely be interested in a course that goes into more detail on this subject.
Use Thinkific Memberships
Thinkific allows you to make a membership site.
This raises the question “what is a membership site?”.
Well, a membership site will feature content that is only available to users who have paid to view it.
This option can be a great way for course creators to earn extra revenue.
Unlike a course, it is not a one-off payment.
Though these one-off payments enable you to earn money online, they will not provide a consistent stream of revenue. (Check out ‘What Percentage Of Sales Does Thinkific Take?‘)
Not to mention, these one-off transaction fees can be inconsistent.
This is because your revenue for some months will likely be noticeably higher than in other months.
When you set up a membership site through Thinkific, customers subscribe to the site. In return for this, you can receive a continual payment.
As a result, you will not have to suffer from the rises and decreases in revenue that can sometimes occur just when you sell courses.
The main benefit of forging a Thinkific membership site is that you will retain customers.
Essentially, this leads to a more consistent revenue stream and a community of dedicated customers.
It’s important to remember that you will routinely have to add content to your membership site.
It should be added that you must plan ahead and know how many courses you can make. If you fail to add new content, your number of customers will dwindle.
It should go without saying that this content must be of exceptional quality to attract paying customers.
The content on your site must also be unique and original.
Plus, it should fill a niche that members are interested in learning more about.
If not, you will find it difficult to encourage people to pay for a membership to your site.
Ideally, you should not only retain your current membership but encourage new ones to sign up when you create a membership site.
Utilize A Collaborative Experience
Another of Thinkific’s fantastic features is the ability to create communities.
These communities are excellent spaces that demonstrate the power of the collaborative experience.
They enable students to forge meaningful connections with course creators.
Designed by the course creators, you have immense control over these Thinkific communities.
Many students love using these communities, as they enhance engagement.
For instance, this community feature contains discussions that enable students to receive helpful answers and exchange ideas.
Of course, these communities can also benefit a course creator.
One of the main benefits of this community feature is that there are different pricing options.
So you can choose whether you want to make this community free to access or if students need to pay to reach it.
So if your goal is to make money, it’s best to charge for this community experience.
You can even choose whether you want more students to make a one-off payment or if they should subscribe through a membership program.
There are also additional payment options available.
As you can imagine, communities can be a potential gold mine. Yet, we advise that you carefully consider the various options so that you select the one that works best for you.
Focus On Quantity And Quality
Our final tip is to focus both on quality and quantity.
This is the best technique for ensuring that you make money through Thinkific.
It’s essential that you uphold both virtues.
For example, if you upload lots of content to your membership site but the content is of poor quality, people are unlikely to continue paying for it. But on the flip side, if your membership site is high-quality but is rarely updated, you may discourage students.
Therefore, the key to success is to ensure that your content is high-quality and that you are constantly adding to it. This is a tough balancing act, but you can develop a loyal following of students who are willing to pay for your services.
Frequently Asked Questions
How Much Does Thinkific Cost?
There are different membership plans on Thinkific, which cost different amounts of money and allow you to access a different number of online courses. Namely, these plans are:
- Free
- Basic
- Pro
- Premier
With all of these membership plans (excluding the free plan), you can choose whether you pay monthly or annually. Essentially, you can use Thinkific for free, though your membership will be limited. (Check out ‘How Long Is Thinkific Free Trial Period?‘)
Should I Use Thinkific?
This is a question that only you can answer. Thinkific can be a valuable tool for students and course creators alike. It’s widely used for both online teaching and learning and offers content on a broad range of topics.
Final Thoughts
Thinkific is a great learning resource. Another benefit of this e-learning platform is that it can be used to make money. By using the aforementioned strategies, you could make tons of extra cash through this site. So what’s stopping you?!
