E – Learning Courses Business
If you’re an expert at something, there’s likely an audience of people online who would be willing to pay to become an expert in your field just like you. If you want to take your skills and turn them into an online course that teaches others
If you passionate about impacting knowledge, all you need to do is to secure the required license, permits and accreditation from the government of your country and you can successfully start your own degree / diploma awarding online school.
Tips for the e- Learning Course
- When analyzing your audience, find out what they already know and set your stage for that.
- Make material relevant to the students by working in a context that’s specific to their lives and goals.
- Stories or unusual analogies help illustrate points, engage the learner, and plant rootsin stages that can help memory retention.
- Try to inject a human element to the most digital or virtual parts of your classesby using photographs, illustrations, or recorded human voices.
- Use multimedia sources selectively to texture your message and breathe freshness into your delivery.
- Research college texts and send away for a few that support your material, then read them yourself.
- Use short burst of learning and give learners a chance to test their knowledge,
Steps for the e-Learning Business
- Create a strong community. The more you dedicate yourself to your goal, the more benefits you reap. MosteLearning startups rely only on networking with professionals in the eLearning industry. However, blogging about the subject matter, attending professional development eLearning events, or even sponsoring eLearning conferences can generate a new pool of customers.
- Know which of your ideas pass the litmus test.Your product a must-have eLearning solution? Or is it an enhancing one to an existing product? How can you hire people who share the same passion as you? These questions need to be answered before your even start creating your business model; once you answer them, you can contact an eLearning consultant.
- A good eLearning idea fetches a good investor.Networking is the primary source of your investment partners. Once you start showcasing your product within business circles, the high quality investors will find a way to reach you.
- Outsource eLearning services to save on hiring costs.Don’t hire until you have a healthy cash flow. MosteLearning startups are made up from scratch by sole freelancers. Calculate your expenses carefully and hire some freelancers based overseas; this will offer you a wide range of options and specialties.
- Negotiate the priceDon’t be afraid to negotiate the pricing of your service or product; always have some flexibility in your contract. Be the equal partner of the project, making sure you keep time, cost, quality, and in house productivity interrelated.
- Wait until hire full-time staff.Full-time staff adds a lot of value to your startup, however hiring does not give you any competitive edge unless you are actually making money. Hiring comes with many legal constraints and, with more staff operations in house, you will feel the profit drain easily
Lili Balfour – eLearning Entrepreneur
She’s created six courses on Udemy, including How to Crowd Fund a Million Dollars and Finance Boot Camp for Entrepreneurs. Some of her courses are as short as 30 minutes, but most run between 2-3 hours; she sells them for between $47-$197.
Udemy generates about 50% of her sales through its own built-in audience and promotions. Udemy now has more than three million students.
Creating an online course can be a substantial time investment. “In my opinion, it takes about the same amount of time as writing a book,” says Balfour