Techno-News Blog

June 30, 2013

Get Rich Quick: Become a Teacher

Filed under: Uncategorized — admin @ 12:25 am

By Will Oremus, Slate
Victor Bastos has made close to half a million dollars teaching classes on Udemy, an online learning startup.  Victor Bastos was making $20,000 a year as a freelance Web developer in Lisbon, Portugal, when he started posting videos to YouTube. Already fluent in several programming languages and looking to branch into new ones, he thought making instructional videos would help him keep track of what he’d learned. “It was like an online notebook for myself,” Bastos, 33, told me. “But then I started getting a lot of subscriptions. People told me, ‘Your tutorials are great—why don’t you make a full course?’ ” Within a few months, Bastos got an email inviting him to do just that. The proposal came from an online-learning startup he had never heard of called Udemy. The offer: Host his course on Udemy’s Web-based platform, and he could charge students to take it and keep 70 percent of the revenues. Udemy would keep the other 30 percent.

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