How to Make Money Through Knoitall
Free Resource (Video, Article, Pod Cast or Other)
Pre-teen, Teen, Adult, Senior
Learn the two ways to monetize your classroom
There are two ways to make money through your Knoitall Classroom:
- Advertising in your Knoitall classroom - When you join Knoitall we create a space for you to build a classroom where all of your learning posts and other offerings are maintained. Knoitall is working with a number of major brands who want to reach your followers. Any ad revenues that we receive through your classroom we split with you 50/50! And there are no minimum number of followers required to get started receiving revenues. The more content you create on the Knoitall platform, the more opportunities you have to gain followers and increase your ad revenues.
- Selling your time - Knoitall provides many ways for you to sell your time to teach others what you know. You can sell your time through online or face-to-face advising, tutoring, or by delivering a class to a group. Knoitall manages all of the registrations and payments on your behalf, and delivers the funds directly into your bank account through our partner, Stripe. Knoitall charges a 5% registration fee for registrations managed through the platform. The rest of the money goes directly to you.
For either option, your first step is to set up your Stripe Account. This is how we get you your money. To set up your Stripe account, go to your classroom link in the nav bar above and click on "Payment Settings" link. We use Stripe to securely connect your bank account with our payment platform.
To receive advertising revenues, you don't need to do anything other than build your audience. We will automatically deposit funds into your bank account for ad revenues received through your classroom.
To receive revenues for selling your time, click on the "Teach" link above and select "Sell My Time". Then, determine the type of learning format you want to list (one-to-one or one-to-many), and create your listing. You determine the pricing of your offer, and we will manage the enrollments and payments to you. We take a 5% sales fee for any learning sold through Knoitall, and Stripe takes a 2.75% processing fee for collecting the payment.
The simplest way to sell your time is through one-to-one tutoring delivered online. This type of learning can be sold and delivered to anyone. You determine how you will deliver the tutoring (web meeting, phone, etc.), the dates and times you are available, the number of sessions you are selling, and the length of each session. We give you the option to sell learning on a specific schedule, or to schedule the actual sessions with the user after the purchase has been made.
Give it a try. Or let one of our advisors help you set up your sales offer. We're happy to assist.
This classroom will provide you with resources that will help you set up your own Knoitall classroom, either for yourself or your organization. Anyone can share or sell what they know through Knoitall and learn from others. Topics covered include:
- Setting up your Knoitall classroom
- Creating your first learning post
- How to sell your time
- Getting paid
- Building your brand through Knoitall