by Karon Thackston © 2002 http://www.ktamarketing.com Every good marketer is always looking for new and profitable ways to create residual streams of income. Viki Nygaard of Mount Evans Designs (http://www.mountevansdesigns.com) has discovered one such way. Let’s eavesdrop on our conversation to find out how you can share your knowledge in a new, innovative way and earn a profit from two sources at once!
KARON: Hi Viki! Thanks for taking a few minutes to tell us about your endeavors.
VIKI: Sure, Karon! Always a pleasure!
KARON: Tell us what you’re doing in
“knowledge” arena that’s bringing you success.
VIKI: I’m teaching online courses at a virtual school called LVS Online. (http://www.lvsonline.com)
KARON: “Virtual” courses? How so?
VIKI: I create lesson plans, and send them to students (one per week) to complete. They then post their lesson assignments online for me to review, correct and critique. Everything I need to hold
classes is provided by LVS Online.
KARON: Sounds interesting! Tell us a little more… like… does it cost anything to teach virtual classes?
VIKI: In my case, it doesn’t cost me any money up front. However,
school does keep a percentage of
profits. Of course, time is money and it does take a lot of time to actually write
lessons and also to communicate with
students, in both answering questions and critiquing homework.
KARON: So all your “expense” is in time?
VIKI: Right.
KARON: You mentioned there are two streams of income that you get from teaching. One is obviously what you’re paid for each student who signs up. What’s
other?
VIKI: Backend sales of products or services I introduce to my students.
KARON: Ahhh! So LVS allows you to sell to your students?
VIKI: ONLY if it’s applicable to
class.
KARON: How much money can be made from
classes, Viki?
VIKI: Well, it depends on
number of students and a couple of other factors, but you could easily get between $500 to $1,000 per 6-week class session.
KARON: Really! Just from
classes? Great! And what are
qualifications for teaching virtual classes?
VIKI: I never had any prior experience before I started teaching. However, I have a high level of expertise as a Web site designer who specializes in search engine optimization designs. I am also highly computer/Internet literate, which is very important in teaching online classes. What I did was I wrote a few lessons and sent them to
owner of LVS to review. She felt that they were very well done and spoke to
students at a level they could learn at. I was invited to teach!