The prevalence of conflicting views and opinions can leave a novice entrepreneur confused and overwhelmed. The problems get even more confounded when one is found lacking in the following areas:

• Self-confidence
• Experience
• Capital
• Loyal clientele
• Clear prospects of business expansion

As a result, it seems tempting to stick to the professionals i.e. teaching on tutoring marketplaces, and not testing the waters by yourself. However, it may not be a wise decision in the long run. There are a number of profit-sharing and lock-in considerations to factor in with other marketplaces which are significantly less with launching your own marketplace.

Since there are pros and cons to both options, it is important to understand the nuances of both tactics. The one that is best for you depends on your specific goals and circumstances as an online teacher. This guide will explain all the hidden gotchas of both the options out there so that you can choose the right medium for your online tutoring business.

The teaching of Existing Tutoring Marketplace

The tutoring marketplace is a platform where tutoring service is provided by a number of different tutors which are managed by the platform owner. Examples include Preply, Cambly, etc. With such a platform, a tutor gets the following features:

• The session’s content, pricing, and marketing are influenced by the marketplace’s policy.
• Tutors can leverage the reach of the marketplace and not work too much on their own for marketing.
• These marketplaces have quizzing tools, mobile apps, worksheets, etc. making it lucrative for tutors and students.

Launching Own Tutoring Marketplace

Launching your own platform gives you the opportunity to sell on your own terms. It puts you on the front foot and offers you to price your live sessions freely, communicate with the students on the platform via email, cross-sell other sessions & webinars, and grow your brand exactly how you want it.

Pros and Cons of Teaching on Tutoring Marketplaces

Pros

• The biggest benefit of the tutoring marketplace is that a huge amount of sales will be directed by the marketing efforts of the marketplace. As their primary source of income depends on the number of students on the platform, they spend thousands of dollars in SEO optimization and paid advertisement.
• Online tutoring platforms have already built a huge student base that has thousands of potential buyers. You have a great chance to be shown to thousands of targeted students who are searching for a tutor in that marketplace.
• Marketplace owners provide a lot of free help and access to online instructor communities where everyone encourages and motivates each other to succeed.
• As these marketplaces have developed a strong brand and credibility, potential students prefer to join a known brand rather than an unknown tutoring platform.
• Many other benefits like no running costs, security compliances, and the presence of an adequate feature set let teachers completely focus on tutoring.

Cons

• The biggest drawback of teaching on a tutoring marketplace is that the teachers don’t have access to student’s personal contact information. Teachers are unable to develop a relationship with the students making it hard to scale their business outside the marketplace.
• Tutors are subject to the marketplace’s rules and policy. The marketplace owner decides how often tutors can communicate with the students, how much can they charge from them, and when tutors’ payments will be released. Tutors don’t have any other option but to abide by the set rules or else can be laid off from the platform.
• Undoubtedly, the marketplace makes use of its brand name and promotes its tutors for more reach. However, that marketing comes at a huge cost. For instance, many marketplaces act as affiliates and keep a fixed percentage of the sales generated by them.
• Tutors will not be able to grow and promote their own brand when teaching at a tutoring marketplace. They may be allowed to watermark their videos/courses, but that’s the maximum they will get to promote their brand. At all times, the students are exposed to the marketplace’s design and logo which eventually dilutes the tutor’s brand.

Pros and Cons of Launching Own Marketplace

Pros

• When tutors have their own marketplace, they have full control and ownership of their students with all their contact information. This helps to build a strong bond with them and get repeat and referral sales.
• With one’s own marketplace, tutors can customize the look and feel of their marketplace. In addition to this, tutors can promote their brand, integrate with other services, track conversion analytics, manage affiliates, and much more. All in all, the tutor is the boss of the marketplace.
• Having your own marketplace gives you the freedom of setting your own prices for the sessions and get paid immediately. Moreover, except for a tiny transaction fee, you get to keep all the revenue generated from the platform

Cons

• The complete marketing plan is to be managed by the tutor himself. Starting from building marketing and sales funnel, attracting potential students, and converting them, all is to be done by the tutor which is indubitably the most difficult and time-consuming part of launching own business.
• Maintenance costs increase as the business grows. Expenses like hosting fees, video conferencing functionality, email marketing automation tools, payment gateways, and many more start cumulating once the business gains speed and has thousands of users.
• New marketplaces lack credibility and the audience is not able to figure out whether they should trust newbies in the market or not. Even the review and testimonials do not help in this scenario as the audience is well aware these days and knows that fake reviews can be easily generated.

Verdict

So, to decide the better option between the two for your business completely depends on what are your future business plans. Teaching on a tutoring marketplace may sound like an easier option to get your first sales done and validate your idea of becoming an online tutor.

However, if you intend to build a steady and viable source of income, launching your own marketplace is the way to go.

Launching an Online Tutoring Marketplace

Launching your own marketplace requires ready-made online tutoring software in the first place. A ready-made customizable tutoring software will help you launch your tutoring platform with basic to advanced features in no time. Being highly scalable, this software can easily accommodate the growing requirements of the platform and business.

One such readymade online tutoring software is Yo!Coach that can be used to build platforms around online tutoring and consultation. This fully customizable software comes with a lifetime license without any recurring fees. Tutors can host unlimited group and one-to-one live sessions on the platforms powered by Yo!Coach.

This GDPR compliant software also takes into consideration the security and privacy of its users. The software has a wide range of features that make it compatible to cater to varied use cases in the online learning landscape. The interactive features and state-of-the-art integrations in the software deliver a whole new online learning experience.

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The post Launch Your Own Tutoring Website VS Teaching On An Existing One appeared first on Tricky Enough.

How to Sell Web Design Templates on TemplateMonster?

Have you been around the web design industry for quite a long time? In this case, probably, your acquaintance with the TemplateMonster Marketplace has already happened. After 18 years of its work, it managed to gather more than 80,000 digital items. Anyway, not everyone knows that this resource also salutes talented authors from all around the world. Now, that you know this fact, we need to learn all the points that distinguish the marketplace from others.

1. Without a doubt, we need to start with a commission rate. There is a difference in the cut when it comes to exclusive and non-exclusive products. If you sell web design templates only on the TemplateMonster Marketplace, your starting point will be 50-65%. Selling your items on different platforms at once means that your commission will start at 40%. We have pleasant news for graphic designers. You have the freedom to sell non-exclusive products with a 65% cut. There is no division in terms of exclusivity.
2. Those people who sell Shopify and OpenCart themes can set their prices up. It is possible, thanks to an author-driven pricing policy.
3. To increase your revenue, you can consider adding your products to ONE Subscription. Speaking about this web design toolkit, we cannot forget about its brand-new plan. It is suitable for every budget because it enables the downloading of many items for free. Among them, you are going to find various graphics, presentation templates, and others.
4. Another way to boost your earnings is to join the TemplateMonster Affiliate Program. You will get a referral link to include in your posts. As a result, you can get a 90% cut from every sale.
5. You can get help from a personal manager or guides available on the site. There is also a big Facebook community where authors share their experiences and ideas.
6. It is also crucial to mention that a skilled team will review your items as quickly as possible. If something is wrong, it will share all the notices connected with improvement.

Sell Web Design Templates on TemplateMonster: What Products Does It Accept?

First of all, these website templates for such popular CMS and eCommerce platforms as:

• WordPress;
• Joomla;
• WooCommerce;
• Drupal;
• Shopify;
• OpenCart;
• Magento;
• PrestaShop.

You can also share HTML, Bootstrap, and admin templates. Another category is plugins that include:

• WordPress plugins;
• PrestaShop modules;
• Magento extensions;
• JavaScript elements.

Graphic designers will be ready to show them:

• logos;
• fonts;
• CV templates;
• certificate designs;
• illustrations;
• patterns;
• vectors;
• backgrounds;
• planners;
• corporate identity;
• and many others.

The marketplace also accepts stock media and presentation templates for:

• PowerPoint;
• Keynote;
• Google Slides.

Envato Market

Another marketplace that deserves your attention is Envato Market. It has a bunch of subdivisions where you can share themes, fonts, plugins, stock photos, audio and video, and other assets. As you are looking for ways to sell web design templates, we need to speak more about ThemeForest.

To start with, it is crucial to understand what products ThemeForest accepts. There is no doubt you can start selling different CMS templates like:

• Drupal;
• Joomla;
• Concrete5;
• MODX;
• Moodle;
• Mura;
• Webflow;
• Weebly;
• and others.

These also include eCommerce templates for such widely popular platforms like:

• WooCommerce;
• BigCommerce;
• Drupal;
• Magento;
• Shopify;
• Ubercart;
• VirtueMart;
• and many others.

You can also share UI elements for the most popular software that includes:

• Figma;
• Adobe XD;
• Photoshop;
• Sketch.

Envato has many qualities that make people choose this marketplace over others. Millions of visitors from impressive traffic make sure the biggest number will view your work. In addition to this, ThemeForest promises to provide you with a 50% cut from every sale. If you decide to support your time, it will bring you more earnings. We cannot keep silent about a chance to become an elite or powerful author. This status can bring you extra benefits. As an example, the team can interview you and post it on your blog. You can also get special badges and find a place on the wall of fame.

Creative Market

The next resource is a perfect match not only for those who want to sell web design templates. It is also a wonderful place for photographers and illustrators who require promoting their work. As you can understand, we are speaking about the Creative Market. We will not waste your time and explain what types of products you can sell here.

What is the catch offered by this marketplace? To start with, it is an opportunity to keep a 60% commission from every sale. It is also a chance to sell both non-exclusive and exclusive items and set your prices for the assortment. When it comes to a review process, you will not need the team to upload your new products. Furthermore, you have the freedom to manage your shop. Thanks to the useful options, it is possible to know everything about your sales statistics. You can also socialize with buyers.

DesignHill

DesignHill is ready to open its doors to different creatives from all corners of the world. These days, an impressive number of graphic, logo, web, packaging, illustration, and other designers sell their work here. What does this marketplace offer to its potential authors?

1. The network of over 100,000 buyers.
2. Up to 90% from each sale.
3. No-exclusivity lock-in that allows you to sell web design templates on multiple platforms.
4. An opportunity to set your prices.
5. No per-service approval.

There are also custom services available to pre-approved designers and artists who sell high-quality designs. You can demand the prices you deserve for your professional work. In general, the site has over 35 categories of products to choose from. These include brand and identity, website and app, illustration and art, and many others.

Zazzle

Finally, we are ready to speak about Zazzle. As it is mentioned on the site, this marketplace considers itself a people-powered design platform. Many popular brands trust them in terms of their licensed products. These include Disney, Marvel, DC Comics, and many others. As you can understand, many creatives have a chance to monetize their content or services.

To start with, you need to create your store on Zazzle which will turn out to be a virtual gallery. Then, you can start working with different tools that allow uploading your assortment to the site. Add tags and descriptions so that other people can find the necessary items in a flash. After this, promote your products and be ready for a flow of people to view them. Keep in mind that Zazzle’s default royalty rate is 5%. The maximum royalty rate is 99%. Except for ready-made templates, you can sell more items. These include business cards, calendars, phone cases, posters, and many others.

A Few Words in Conclusion

If you are into creating unique and eye-catching templates, it will be perfect to start selling them on the Internet. After getting familiar with these marketplaces, you should not wonder where to share them. Now, you have five widely-known choices with an amazing audience. Just make sure to consider all the details, and types of products that it accepts, and everything will be perfect. There is no need to invest time and money into your online project to sell web design templates. You can always turn to a professional resource that will do everything instead of you. We hope that you will manage to reach the desired number of people. Thanks for reading!

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The post 5 Digital Marketplace Where You Can Sell Web Design Templates and Become Popular appeared first on Tricky Enough.

Pros of Buying and Selling on Flippa

Easy to navigate and use

The platform is easy to understand. It’s simple to search for websites, buy, and make payments. If selling, it would take you about 15 minutes to complete a listing.  As long as you have the correct documentation, registering your site is quite easy. 

The website takes a short time to load and is user-friendly, giving numerous business opportunities for users. Any sale you make is straightforward, and you’ll be alerted every time a process is complete. The system prompts you to take any necessary actions regarding the sale. 

Safe payment methods

The worst thing that can happen to anyone doing business is getting scammed and losing all that for nothing. To avoid such cases, Flippa uses Escro services to moderate their payments. 

It means that you place the money in Escrow, and only release it after receiving and confirming the site. The payments and responses are fast and secure. You get to enjoy discounts on the commission while using this service.

Top Customer Support

The site has 24/7 customer support, meaning in case of a problem or if you any kind of help you want to take, someone will be available to sort you out. Expect an excellent staff that will guide you through the trade process. 

Allows Negotiations between buyer and seller

Just because a site is listed as costing, let’s say $5000, it doesn’t mean that’s the final price. Both buyers and sellers can review the price. This aspect gives a chance to buyers who may be having a low budget. 

Great Websites

Flippa the most trustworthy marketplace for websites. It’s a great online shop for apps and websites. There are some greats sites at a low multiple. You can’t compare it to other trading sites that only give a chance to 5-figure websites.

Wide Price Range

This online marketplace is open to anyone to do business regardless of asset size and value of your site. Don’t worry about your budget. You can’t miss finding a valuable site.  Here, you can get websites that give high revenue at a pretty low price. Since it has a large audience, your listing will get enough traffic.  

Buyer Profile

All buyers have a profile that details how many bids or completed sales they have made in the past. 

Cons

Flippa is a cool site, but like any other online service, it faces the risk of scamming. Though there are some fantastic sites, not all of them are good. Some sites are not business-related. You may come across new websites with less functionality. If the deal is too good, think twice. 

Some of the problems can be avoided if Flippa did an in-depth analysis of the websites. In some situations, the buyer may have to depend on the word of the seller.

How To Sell 

The process of selling web property on Flippa is the same, regardless of its type. Most common sites include startups, domains, apps, and established websites. 

If you would like to sell your website, visit the Flippa homepage, and select ‘start selling.’ From the choices provided, choose your site’s category. Provide answers to all the questions related to your site.  Include the name of your business, where it’s based, and the industry.

You’ll then get more advanced questions that target your income source and how the site makes money. You also are required to provide weaknesses if the site, if any. What should the new owner expect? Are there any opportunities for future growth? 

Provide documentation to verify your income. You can do this by filling up their form or connect Quickbooks to Flippa. Upload your profit and loss statement to verify your income. Provide any other details, including assets, email accounts, hosting, social media accounts, and anything relevant. 

You will get two options for setting the price. The fixed-price option is only for higher-valued websites. 

The site has two ways of selling: Broker management and Assisted sale. It is not unusual, as all online sites charge broker fees.

On the other hand, an Assisted Sale requires getting an account manager. Only accounts that are valued $250,000 and above can use the broker service. Besides, you will have to pay monthly subscription fees for site listing.

It has a boost feature, just like on Facebook, where you can boost the site to reach a wider audience. 

Pricing

The site has a success fee (10%), which reduces as you sell larger websites. It makes it an affordable site for selling websites. Their prices are quite low.  

How To Buy 

Other than going through the stress of building a website from scratch, buying an established one sounds like a good idea. Chances of site failure are low. You are picking up something that has tasted the waters. Also, the site has an audience that you can sell your product or service. 

For better results, take time to search through the available sites, comparing them side by side to settle for the best. It is because it’s possible to come across a low-quality site whose figures are inflated. The market hosts countless sites. 

If interested in buying, visit the home page and check out the header or use the search bar to identify the specific type of business. Flippa the most trustworthy marketplace makes it easy for you to find what you are looking for through it’s filtering options. You can specify the nature, and the average profit the site makes.

Always calculate the total cost compared to the earnings per month. How long will it take before you can recover through profits? Is the site legit? Don’t let the number of bids blind you. You still need to be more diligent, especially if looking for a Buy It Now site. If possible, request the seller for access to Google Analytics (read-only) to verify the statistics. Check the site’s content, images, and overall look. Remember to check its backlink profile. 

Overall, Flippa the most trustworthy marketplace is a great site that doesn’t lock out any website owner. It gives equal chances despite different site values. Anyone willing to grow their business online should check out this online marketplace for some great websites.

The site loads fast and instantly and makes the trading process easy. Since it’s an online business, it is not free of scammers, so traders must be extra careful.

It hosts different types of websites in plenty, meaning there is something for everyone. Whatever domains, featured apps, games, software, or websites you are interested in, you can’t miss it here. It is a trustworthy company that serves thousands of users.

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