How much can Teachers Earn with Paid Classes on WiZiQ?

So what can teachers earn by selling classes to learners on WiZiQ? We have already discussed this before. This post is in continuation of that. We would charge very little--only to cover the transaction fee and administrative overheads--if teachers help sell their own class, and charge a 'sales fee' or commission (we hope to make money this way) if WiZiQ helps sell a teacher's class. So based on this idea, here is a commission structure we decided; we will charge:

• 5% + $0.20 per sale if the teacher facilitates the sale
• 25% per sale if WiZiQ helps sell the class

Here is how we determine whether the teacher facilitated the sale or WiZiQ:

For paid private classes
Since we don't post such classes on our public class listings, we understand that they are sold by the teachers and so we will charge only 5% + $0.20 per sale.

For paid public classes
We have identified that there are 4 different ways public classes are sold:

1. Teachers invite students from their WiZiQ contact list. This way we know that the teacher who held the class and the paying student who attended were contacts; so we would charge only 5% + $0.20 per sale.
2. Teachers invite students by entering their e-mail addresses in the WiZiQ class invite box or import from their webmail accounts. This way too we know that the teacher and student were contacts; so we would charge only 5% + $0.20 per sale.
3. Teachers invite students by sharing the class URL: 1. Via their e-mail program, say Gmail or Outlook 2. By posting it on blogs, Facebook or other social networks, Moodle or their own website. This way too we know (from the URL) that the student joined the class due to the influence of the teacher and so we would charge only 5% + $0.20 per sale.
4. Through WiZiQ Public Class Marketplace where all the public classes are listed. This is where we know that the student bought the class because it was listed on the WiZiQ Marketplace, we will charge a 25% commission.

Now, in our brainstorming session, there was only one case where there was no way for us to find out if the student knew the teacher outside WiZiQ during the sale of the class. This teacher asked his students to visit WiZiQ.com, look for his class in the list of public classes and buy (register for) it. Since there is no way for us to be sure in such cases, we have decided to charge a 25% commission.

Regards,
Harman
CEO@WiZiQ

Comments

[naturelover]

This is a wonderful opportunity for teachers who can teach and also, learn and earn.

[Acai Optimum]

Just heard about WiZiQ from a colleague today... I will definitely like to see its earning potential!

[WiZiQ]

You would need to explore WiZiQ closely to see who all are using the platform. Teachers, tutors, education service providers, schools and universities--all are using WiZiQ. Currently, we do not have an accreditation service integrated in the platform but we will be working to bring it on in the near future. The platform has been working well with thousands of learners for continuing education too.

Best,
Jagdeep Singh Pannu
@WiZiQ

[University Distance Learning]

What type of teachers are using this service? I assume this is not for teachers of accredited degree programs... or am I wrong?

Or is this more for continuing education?