An online education venture, offering evergreen business and technology courses, relies on platforms like Udemy and Skillshare to generate passive income. In 2024, the business earned $58,211.73, with December's earnings totaling $5,676.92. Running costs are minimal, involving just domain registrations and shared hosting, without daily management commitments. On Udemy, the courses include notable ones like "Blogging Masterclass" and "Cyber Security for Normal People," amassing over $421,000 in lifetime payouts, 185,000+ enrollments from 171,000+ students, and over 50,000 reviews. These courses are available on other platforms like CyberU and SkillSuccess, focusing on subscription royalties. The business model is nonexclusive, allowing sales through additional channels, including a supporting site for affiliate marketing.
The sale package covers rights to courses, video files, websites, student access, accounts on various platforms, and a noncompete agreement. Udemy integrates a sales model combining marketplace transactions and subscription royalties, with some courses in its business catalog for corporate training. Platforms like CyberU and Skillshare offer similar subscription-based models.
There's substantial growth potential, as the business hasn't been the primary focus and lacks external marketing efforts. Opportunities exist in developing sales channels, creating new courses, and company licensing. The business is being sold to fund another venture in an unrelated industry, seeking a buyer interested in its passive income and significant growth opportunities.