Should You Offer Payment Plans For Your Online Course?

►► 4 Steps to Earn $1000/mo of Passive Income In Just 30 Minutes A Day. Free Workshop → GrahamCochrane.com/workshop
So you have an online course (or two) and you're wondering whether you'd sell more copies and make more money if you offered a payment plan option.
But you have questions, like: How many payments should you offer? What are the downsides to offering a payment plan? When is the best time in the sales process to mention a payment plan?
Have no fear! Today I'm going to break down the pros and cons of offering payment plans for your online courses and then give you my personal stance on them so you can decide if payment plans are for you.

Пікірлер: 23

  • @GrahamCochrane
    @GrahamCochrane3 жыл бұрын

    ►► 4 Steps to Earn $1000/mo of Passive Income In Just 30 Minutes A Day. Free Workshop → GrahamCochrane.com/workshop

  • @drwallysax
    @drwallysax3 жыл бұрын

    "Cruising is one of my Love Languages.."!! I'm in tears. Loving the Automatic Income Academy, Graham. I'm learning much more than I expected (and I expected much given your free offerings). Thanks for the great episode!

  • @RobertCBrown
    @RobertCBrown3 жыл бұрын

    Align yourself with who you are. Accept it, embrace it and just go with it. Things just start working from there.

  • @MrVadims14
    @MrVadims149 ай бұрын

    Just wanted to mention with your course specifically Graham. I found it, I wanted to buy it and could have upfront. But when I got the is this why you didn't buy email...I was amazed at how genius it was, and I immediately bought on the payment plan as my launch is costing more than I planned. So I think it's a viable way to allow extra sales. Love you man!

  • @roxnroll8050
    @roxnroll8050 Жыл бұрын

    This was a GREAT video. But what's the weirdest thing is I found what you said at the beginning more life changing than anything else! I remember a time when I simply couldn't get credit cards. Anything I purchased - I had to save. It tested my patience, but the act of purchasing was my own lil' Xmas feeling. Nowadays, I buy whatever I want on CC's, and am paying over $1K/mo JUST on interest. I'm so sick of it and not really sure how to get out of it. You reminded me of a time before CC's - and I'm convinced that'll be the better way. I'm going to pay these stupid CC's off, and then simply have some self control and save for what I want. Even save for unseen helpful courses ;)

  • @bcloudengineers
    @bcloudengineers Жыл бұрын

    Loved this breakdown man. My concern is attracting low performers due to the payment plan but I love the solution of offering it privately to those who express the desire for a payment plan. Subscribed bro 💪🏿☁️💻

  • @powerpath659
    @powerpath6593 жыл бұрын

    I intuitively knew that payment plans would attract lower quality customers. 3 payments if necessary

  • @sakshinash
    @sakshinash3 жыл бұрын

    I'm sooo excited for your book! Goooo Graham! ×

  • @mikealden704
    @mikealden7043 жыл бұрын

    Graham, great video as always! You mentioned 'stream only' as a preferred way to deliver course content. Can you talk more about that?

  • @Erniepotts
    @Erniepotts Жыл бұрын

    This is was very insightful

  • @CrivasOficial
    @CrivasOficial3 жыл бұрын

    I'm curious, what price would be the lowest that you will be ok with divide on payments? I mean, if a course is 600, you could divide on 3, but... Will you divide a 147 dollars course for example? What price would be your lowest?

  • @colinrowland1113
    @colinrowland11133 жыл бұрын

    You should do a video on how to make 10 minute topic last for 30 minutes - you've mastered that one!

  • @GrahamCochrane

    @GrahamCochrane

    3 жыл бұрын

    😂

  • @aleshal7200

    @aleshal7200

    3 жыл бұрын

    Yes, and I actually watch the whole video! The whole entire 30 minutes! 😆😆

  • @dafingaz
    @dafingaz3 жыл бұрын

    Nice. Just what I needed. Thanks! Would you do payments at all for a sub-$100 course? If I do it, I would go with the non public offer.

  • @Angel00Fish
    @Angel00Fish3 жыл бұрын

    Getting ready to launch our online learning in Kajabi, not sure we're going to do a payment option with that. However we will have a live zoom option and a live in person option. Those will be at a higher price point, thinking about a payment plan for those.

  • @HangNguyen-uh6ls
    @HangNguyen-uh6ls2 жыл бұрын

    Some segments in the video are stamped not adjacent to each other

  • @jeffdorris5321
    @jeffdorris53213 жыл бұрын

    Hit the like 👍

  • @Ana-ye9rx
    @Ana-ye9rx11 ай бұрын

    Waffle

  • @americantroy77
    @americantroy773 жыл бұрын

    I have a video idea: Should you support KZreadrs that have decided they don’t need to engage with viewers that support them?

  • @GrahamCochrane

    @GrahamCochrane

    3 жыл бұрын

    What do you personally mean by support. Financially?

  • @americantroy77

    @americantroy77

    3 жыл бұрын

    @@GrahamCochrane subscribe, purchase their products, use their affiliate links, etc. I just think if a viewer takes time to engage and write a comment it’s kinda rude to see no reply but at the same time it’s a constant... use my links for this and that.