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Get rich quick: become an online teacher

Will Oremusv (via Slate/ SMH) | June 25, 2013
How a freelance web developer made $490,000 in just 18 months posting lectures online.

Victor Bastos has made close to half a million US dollars teaching classes on Udemy, an online learning start-up.
Victor Bastos has made close to half a million US dollars teaching classes on Udemy, an online learning start-up. Photo: Courtesy of Victor Bastos

Victor Bastos was making $US20,000 ($21,600) a year as a freelance web developer in Lisbon, Portugal, when he started posting videos to YouTube. Already fluent in several programming languages and looking to branch into new ones, he thought making instructional videos would help him keep track of what he'd learned. "It was like an online notebook for myself," Bastos, 33, said. "But then I started getting a lot of subscriptions. People told me, 'Your tutorials are great - why don't you make a full course?'"

Within a few months, Bastos got an email inviting him to do just that. The proposal came from an online-learning start-up he had never heard of called Udemy. The offer: host his course on Udemy's web-based platform, and he could charge students to take it and keep 70 per cent of the revenues. Udemy would keep the other 30 per cent.

Bastos accepted and got to work fleshing out a full curriculum. His goal: a one-stop course that would turn total rookies into professional web developers. In a series of more than 220 video lectures, he lays out the basics of languages like JavaScript and MySQL via screenshare, narrating each step in a slow and soothing voice like a slightly sleepy Salman Khan. Bastos started out charging $US49 but soon found that demand for his class was overwhelming and hiked the price tag to $US199, while offering big discounts on Groupon to attract new customers. The formula has worked - so well that Bastos quit his job to devote himself to teaching on Udemy full-time. Since he began teaching "Become a Web Developer From Scratch!" in late 2011, it has drawn some 7000 students.

In that time - a year and a half - Bastos has earned $US452,985.70 ($489,134.29).

He is not an outlier. Udemy, launched in 2010, reports that its top 10 instructors have generated more than $US5 million in revenue so far. Many others are taking in sums that would be unheard of for a high school teacher and impressive for a university professor. A class on IT certifications and training has earned its teacher $US260,000 in a little less than two years. One on video, animation, and multimedia has brought in nearly $US150,000 in the same period.

The focus is on technical skills, and computer classes are the biggest draw. But Udemy's 8000 offerings also include a smattering of courses in the humanities, social sciences, and other subject areas. A yoga instructor named Dashama has earned some $US45,000 in her first 11 months.

 

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