However, there are a lot of online schools like www.universalclass.com that offer good pay. A good course on univesalclass can make $100 - $300 a month (based on actual numbers).
It takes a while to write a good course. And, you should never write one until you took a few online courses and learned what the students 'really' want.
There are different types of online courses.
Free tutorials for students to explore a subject and see if they are really interested.
Workshops that focus on one topic in depth and usually take 3 hours to complete
Short courses that are written so student can 'skim' them, or do a few lessons.
Full courses that involve a lot of teacher interaction.
Now, the best thing about online courses, workshops, tutorials, and other learning venues like teleconferencing, is that students are looking for every type of teacher from those with a university degree to a person with a causual English style and a lot of Real World experience.
Places to teach or learn:
Writer's Village University

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