JUNE 24, 2022

Welcome to The Tilt, a twice-weekly newsletter for content entrepreneurs.

In This Issue: Pick a pricing strategy for your online course. It’s no get-rich-quick scheme for Filthy Rich Writers. And Twitter’s closer to letting you add a long-form content tab to your profile. Got time to learn this weekend? Catch our latest course on book publishing for creators.


full tilt

Find the Best Pricing Strategy for Your Course

Creators tell us online courses and workshops are their top moneymaker. And demand from consumers across the globe for virtual learning is skyrocketing, according to Closing the Gap: 2022 Online Learning Trends from Thinkific.

How can you make money from it? The beauty of online teaching, says Henk Campher, Thinkific’s chief marketing officer, is the flexibility of what to charge. “It all depends on the kind of knowledge and audience that you build and then how your business is growing,” Henk says.

1. Look to the market: Online course creators catering to established business leaders might be able to charge thousands of dollars for a single course. But creators with a tilt in knitting for newbies probably need to start at a much lower price point.

The average price for an online business and marketing course was $234, according to Thinkific’s report. Meanwhile, it was $129 for arts and entertainment classes, $169 for personal development, and $175 for health and fitness.

“You don’t want to outprice yourself, and you don’t want to be below other competitors,” says Jimmy Huynh, marketing training programs manager for Kajabi.

2. Presell your courses: Some 34% of top creators use pre-order waitlists to sell their courses, according to Thinkific’s survey. With this strategy, your fans pay now to access the course when it’s live. They get the opportunity to lock in their virtual seats early, and you’ll have the money – and incentive – to get it done. (Just make sure, of course, you make good on your promise.)

3. Tier and upsell your offerings: You might, for example, charge $50 for a 30-minute, asynchronous course, $150 for a 90-minute live course, and $300 for small group sessions where students get one-on-one guidance from you.

Or, as Jimmy describes, as you launch new courses, you can charge a premium price for the latest class and discount the older ones.

Once you’ve established those tiers, upselling your courses – convincing customers that they should pay for that next tier – can bring in the dough, too. In fact, top creators are 1.4 times more likely to upsell their courses, Thinkific’s report details.

4. Look for sponsors: Not every creator has an audience that can easily plunk down a couple of hundred bucks. In that case, it might make sense to find a sponsor who pays for the promotion and make the class free to students.

5. Offer a monthly subscription: A subscription model is increasingly popular with creators. According to Thinkific’s report, successful creators are two times more likely to offer monthly pricing models. The allure is understandable: They ensure a regular revenue stream and a group of eager students.

– Sarah Lindenfeld Hall

Get one more pricing strategy, hear what content entrepreneurs say about their pricing, and discover why a low price tag may actually deter enrollees.


New Free Course From The Tilt

Looking for another revenue stream to add to your content business?

Look no further. Lulu.com presents Book Publishing for the Content Entrepreneur.

In this mini-course, discover the process for publishing your own content, whether it is blog posts, pictures, comics, or even a notebook for your audience to use. Join Chelsea Bennett, Brand Engagement Manager at Lulu, as she generates ideas for you as a content entrepreneur and guides you through the easy process of on-demand publishing.

Whatever content you have, you CAN publish it in just a few simple steps and begin to generate another stream of revenue.

Register today!


we’re a stan for Nicki Krawczyk

https://www.thetilt.com/content-entrepreneur/kat-kamalani-changes-tilt

Entrepreneur: Nicki Krawczyk

Biz: Filthy Rich Writer

Tilt: Copywriter who teaches her craft

Scene: Website, Instagram (19.8K), Facebook (17.3K), YouTube (2.46K), Twitter (654)

Snack Bites:

  • After enjoying her career as a copywriter for over two decades, Nicki Krawczyk formed Filthy Rich Writer.
  • In 10 years, she has helped over 7K people elevate their writing careers.
  • The brand encompasses a blog, podcast, active social media accounts, and a robust training course, Comprehensive Copywriter Academy.
  • The Filthy Rich Writer brand staunchly opposes get-rich-quick schemes and deceitful copywriting courses.

Why We Stan: Though her business is Filthy Rich Writer, Nicki Krawczyk stands out from other copywriting content tilts by taking an honest approach that doesn’t promise easy, work-in-your-pajamas work. She also maintains her own copywriting clients, sharing what she learns from current experiences with her students.

– Shameyka McCalman

Learn the why behind the Filthy Rich Writer name.


quick talk

Caught on … Entrepreneur

“You don’t have to dance on reels to grow your audience.” – Zach Benson


things to know

Money
  • Meta money: Facebook Groups will let creators create subscriber-only groups for their paid subscribers on other platforms. Brands and creators can find each other in Instagram Creator Marketplace. All monetization tools are free until 2024. (Fast Company)
    Tilt Take: Mark Zuckerberg really wants creators to like Facebook. We’re intrigued about the cross-platforms opportunity. Integration outside the Meta world is a must.
  • Upped rewards: Twitch Partners and Affiliates who run ads on their streams will get a raise. Instead of the old-school fixed flat rate for every 1K views, creators will now earn 55% of the revenue of ads that run on their streams. (Lindsey Gamble)
    Tilt Take: It’s good to see a model that more closely ties the creator to the earned revenue.
Audiences
  • Bring the wine: When irrelevant brands show up in your content, it’s like a dinner party guest who shows up without a bottle of wine, says Whalar’s CMO. They don’t contribute value so your audience won’t embrace them. (Adweek)
    Tilt Take: Think about how you can help brands win over your audience.
  • Ask them: A sales technique to ask for reviews and referrals can work to grow your audience. (Forbes)
    Tilt Take: Look closely at this feedback to understand the reason your audience connects with your content. It may lead to a revelation that brings more focus to your content tilt.
Tech and Tools
  • F stop: Get sharply focused images by using an f/4 or f/8 if you’re going to edit thumbnails in Adobe Photoshop. You can blur or remove the background and still easily edit the images. (Roberto Blake)
    Tilt Take: Plan on the front end so the back-end work is easier.
  • Take Notes: Twitter’s gone long. The launch of Notes to a test group gives users a “Write” tab to craft long-form content. The work appears in a new Notes tab on their profile. (Tech Crunch)
    Tilt Take: If you have a Twitter audience, this could be a great addition. However, you’ll need time and frequent reminders to get them to adjust their Twitter viewing habits.
And Finally
  • Smarten up: Smart contracts define and automatically enforce rules decided by the creator and affect sales by speeding up the process. (Supercraft)
    Tilt Take: Take the time to get up to speed on the potential of smart contracts in your content business.
  • Deal reduction: A check-in with 26 creators and 14 talent managers found some brands are cutting back their influencer deals and/or paying later than expected. (Insider)
    Tilt Take: Be open to new ideas to make your partnerships work with brands that may be facing cutbacks. And if you’re not asking for a deposit upfront, maybe you should.


the business of content


the tilt team

Your team for this issue: Joe Pulizzi, Ann Gynn, Laura Kozak, Marc Maxhimer, and Dave Anthony, with an assist from Angelina Kaminski, Sarah Lindenfeld Hall, Shameyka McCalman, Leo Bonacci, and Don Borger.