As a Muslim professional or entrepreneur, it’s always a good idea to utilize your skills and expertise to benefit yourself and your community. One way to do this is by turning your knowledge into a profitable online business.
But how exactly can you do this? It’s actually not as difficult as you might think. With the power of the internet, you can easily share your knowledge with others and get paid for it.
If you have a job and are being paid a salary or hourly wage, likely, you are already being compensated for the knowledge and skills you possess. For example, if you have a degree in accounting and work as an accountant, you are being paid for the knowledge and expertise you gained through your studies. You can use this knowledge to help businesses grow and thrive in your capacity as an accountant.
Instead of relying on a traditional job or boss to pay you for your knowledge and skills, why not turn that knowledge into a profitable business? This way, you can leverage your expertise to earn an income online and be your boss. We’ll discuss how this can be done in this blog.
Leveraging Digital Products
The simplest way to do this is by leveraging digital products and, more specifically, online courses and programs.
The e-learning market is rapidly growing, with estimates predicting it will reach over 325 billion dollars by 2025. This growth is driven by factors such as the increasing popularity of online and mobile learning and a shift away from traditional educational institutions.
People increasingly turn to online courses to learn new skills and achieve their goals. Online course platforms like Udemy, Skillshare, and Masterclass.com are becoming more popular as people invest more time and money into online learning than traditional educational institutions like universities and colleges.
What’s The Reason Causing This Shift
The reason is that simple people want convenience and speed and traditional educational institutions are the opposite.
Number one, you have to sit in a class and listen to a teacher for hours, and you have to physically be present in that class to benefit from the information being taught.
You may have to wait to attend one class or two every week. It takes you a number of years before you’re able to know what is necessary to achieve your goals, whether that’s moving on to work a nine-to-five or even learning about marketing to grow your business better or learning about editing or social media marketing and a lot of times the information is not really relevant and pretty outdated.
You can create an online course and generate income over time if you have specialized knowledge in a particular field or industry. This is true regardless of your industry or profession, whether you are an accountant, engineer, doctor, or work in IT.
Step 1: Clarity On The Topic
The key is getting Clarity on the course topic that people will be willing to buy.
The course topic should be something you’re passionate about and very interested in, and there should be demand for that type of course.
There is always demand in the market for specialized knowledge and skills. For example, many business owners need to learn accounting to track their finances accurately. Similarly, there is high demand for health and wellness courses, including weight loss, muscle building, and nutrition. You can create courses to meet this demand and generate income if you have expertise in these areas.
If you’re a software developer, there’s so much demand out there for courses on how to learn how to code in Java or how to code in PHP or Ruby on Rails.
To determine the best course topic for your knowledge and industry, ask yourself why people come to you for advice. There are a variety of topics you can explore, and this question can help you pinpoint the ones that would be most suitable for you.
Sharing our knowledge and expertise can help others solve problems and achieve their goals. The key is identifying what we know and how we can use it to assist others.
Don’t let your doubts hold you back from sharing your specialized knowledge with others. If you’re considering creating a course, research to see if other courses in your industry are selling well. This is a strong sign that there is demand for a course on your topic and that you can be successful in this venture. Remember to appreciate the value of what you have to offer and the impact it can have on others.
Step 2: Create The Content For Your Course
Once you get Clarity on the topic of your course, the next step is to create the content for your course. This can include video lectures, PDFs, PowerPoint presentations, and other materials to help your students learn and retain what they know and use it in their own lives.
After you have your course content ready, record it using any camera or screen recording software with a microphone. Then, the next step is to…
Step 3: Find a platform to host your online course
Once you have recorded your course, there are many platforms available for hosting and selling it, such as Mighty Networks, Podia, Kajabi, Circle, Udemy, and Skillshare. Choose the one that best fits your needs and goals.
To market your course, utilize social media platforms such as Instagram, Facebook, and TikTok to create content related to your course and attract an interested audience. Offer discounts or free trials to attract initial students and gather feedback to improve your course. Leveraging social media is a great way to start marketing your course for free.
After launching your course, it’s important to continuously improve and add value based on student feedback. This ensures that the system remains relevant and valuable for those who continue to sign up and pay for it.
An online course business can be a valuable asset that generates passive income. After investing the initial time and effort to clarify the topic, create the content, and market the course, it can continue to generate revenue for you over time.
This is a halal way to earn income, as you provide your clients with a valuable service or product in exchange for payment. And the beauty of digital products is that they can be sold unlimited times without running out of stock. Your course can continue to generate income for you even after it has been created.
At Ummahpreneur, courses are one of our main sources of income, as we teach our student students how to build and grow profitable online businesses. We support them through that journey, and it’s also been a gratifying Endeavor for us as a business. It’s been amazing to see our students’ progress and the companies we’ve helped launch over the last three years, alhamdulillah.
If you want to launch a profitable online course business and make a positive impact by sharing your knowledge and expertise, check out the free master class here. The class will provide the exact steps you need to follow to create and market a successful course. Additionally, you’ll receive a free PDF guide with over 100 business ideas in 25+ industries to help spark inspiration for your course topic. Take advantage of this opportunity to build a profitable course business.