Business Nerds - Chime In

[bakemeacookie]

Business geeks :

I'm finally getting into the whole online education thang. Startup costs are cheap, profits can be great.

So i'm gonna be selling a SUBSCRIPTION based model of basic everyday technical training videos in different languages on a site. Precursor to selling foreign language training DVDs of them when the time is right and I have good foreign distributors.

I'm gonna use this "Account Expiration Control" webhost : Joomlapolis - The home of Community Builder - Features

So for say, $50, they get 6 months to dl the .mov files or watch FLVs online. All that's great. But here's my q:

What about authors? Do I offer a profit-sharing thing, where 25% of revenue is split among the authors. Based upon titles, hours of training, videos? Credits on individual title? Do I put a time limit on the contract? 2 years, 5 years? What about payment - 3 months, 6 months?

What about administration say you get many authors. Do you hire a 3rd party company to keep accounting and payments? All that's tax deductible? Or just wing it for now with a simple 2-year profit-sharing thing you do manually - and then later on if revenue is great, hire experienced people to handle this?

Of course I would *own* all content - so if I wanted to sell the site later, there wouldn't be any legal problems. (example of similar sites: lynda.com, vtc.com)

I make aliens fight, I have no clue on this bidness stuff.

c

 

[mrplunkey]

The key to online education is providing some type of terminal degree or certificate. A huge portion of the online education customer base is looking for credentialing as well as content.

 

[bakemeacookie]

The key to online education is providing some type of terminal degree or certificate. A huge portion of the online education customer base is looking for credentialing as well as content.

It's downloadable training materials not a course/school. It's akin to training ebooks on EF.

U don't get certs from ef

c

 

[chewyxrage]

It's downloadable training materials not a course/school. It's akin to training ebooks on EF.

U don't get certs from ef

c

You mean my Elite Player's Guide ID isn't actually to get me laid?

 

[BlueBird]

I'm not so sure a subscription based, on-line, video training course would be the way to go. I would think (YOU ALONE)offering individual tutorials on production might be more worthwhile and profitable.

 

[hanselthecaretaker]

Business geeks :

I'm finally getting into the whole online education thang. Startup costs are cheap, profits can be great.

So i'm gonna be selling a SUBSCRIPTION based model of basic everyday technical training videos in different languages on a site. Precursor to selling foreign language training DVDs of them when the time is right and I have good foreign distributors.

I'm gonna use this "Account Expiration Control" webhost : Joomlapolis - The home of Community Builder - Features

So for say, $50, they get 6 months to dl the .mov files or watch FLVs online. All that's great. But here's my q:

What about authors? Do I offer a profit-sharing thing, where 25% of revenue is split among the authors. Based upon titles, hours of training, videos? Credits on individual title? Do I put a time limit on the contract? 2 years, 5 years? What about payment - 3 months, 6 months?

What about administration say you get many authors. Do you hire a 3rd party company to keep accounting and payments? All that's tax deductible? Or just wing it for now with a simple 2-year profit-sharing thing you do manually - and then later on if revenue is great, hire experienced people to handle this?

Of course I would *own* all content - so if I wanted to sell the site later, there wouldn't be any legal problems. (example of similar sites: lynda.com, vtc.com)

I make aliens fight, I have no clue on this bidness stuff.

c

I hope you have a good marketing plan. Unless the product is so good it literally sells itself.

 

[miplank]

thanks for the idea

 

[mrplunkey]

I think he should just compile all his posts on EF and promote them as a "User's Manual for Life".

 

[ortiz34]

thanks for the idea

ololo

 

[Dial_tone]

I think he should just compile all his posts on EF and promote them as a "User's Manual for Life".

lolz

 

[bakemeacookie]

I hope you have a good marketing plan. Unless the product is so good it literally sells itself.

Word of mouth, reviews, etc.

You know there's not a single introduction to computers video course in spanish on this planet?

That and of course creating a porn site. GOTTA have a porn site!

c