How to Start A Profitable E-Learning Business In 2021?
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Posted by Jason Staurt - Filed in Technology - 905 views
The art of virtual learning has a huge scope of monetizing your curated content through sketching your own customized e-learning website. Imagine if your learners from any part of the world could gain insights and learn a new skill from you.
Grab this revenue-building channel to unleash their hidden capabilities by watching your high-rated E learning videos & make a difference by transforming lives with instant benefits.
Over the past decade, E-learning business videos have blossomed into various forms of educating the individual. Like teaching directly to online users, it also successfully created a base for getting an online degree or certification in respective domain and corporate e learning training as well.
There are several E-Learning businesses mushroomed over the years worldwide. Among them, Coursera, a leading MOOC (massive open online courses) provider has 3000+ courses with 36+ million registered users around the world.
Their growth can be evident from the fact that Coursera is one among the “Next Billion-Dollar Startup 2019”, a unicorn list from Forbes, which features top 25 startups company every year that reaches billion dollar value.
Similarly, an Indian E-learning video based platform, Byju’s has a whomping sum of 1430 crore revenue by the end of March 2019. That’s insanely hell lot of money! is surely a “goose that lays the golden egg”!
Kick-Start An E-Learning Business In These 4 Simple Steps
It may be a little overwhelming if it’s not rightly planned with the right strategies. However, here are a few strategies that help to keep the ball rolling in the right direction. If the foundation is strong with clear-cut strategies then think that 80% of the major work is already completed.
- Decide The Domain
Categorize the area on which you are familiar and start building your network based on it. Whether it is kids learning material, information technology or psychological counselling, narrowing down on a particular niche is important. This lays the core idea of your e-learning business platforms.
- Time To Research
Listen to your audience first, then act as per their needs. Identifying your target audience’s pain points & challenges are crucial for any educational video platform. Engage with the potential users through professional forums, social media channels & get as many insights as possible.
- Create Video Content
Start with a pilot program and design a course pattern with high quality, valuable and educational video content. Creating video content gives 10x times more reach than a written course transcript. With subtitles, pausing and downloading option, the users can learn on the go without missing any session.
- YouTube Premium Revenue
Once you have narrowed down the industry & identified the challenges, pick top 10 hot technologies & get on board experienced trainers to roll out your online education business. Investing in creating own elearning platform profits you in the long run. Look for customizable for education that offers various perks to the users.
Know more on how to build an online learning platform