Distance learning has become necessary following the COVID-19 pandemic, which has disrupted the education of 150 countries and 1.6 billion students worldwide. By 2025, the global online education market is expected to reach $350 million. Opportunity and investment in online education has grown rapidly, and school systems are beginning to realize that EdTech is just as much a part of our present as it is our future.
It is understandable that more and more people are starting to see building e-learning software as a lucrative business opportunity and an efficient way to meet the growing educational demands of the world. Its delivery flexibility boils down to being available on almost any wifi-connected device, be it a computer, smartphone, or iPad. These types of products also offer learners a range of learning options and modes, from one-on-one tutoring to learning at their own pace, without being in a classroom.
For IT professionals and creators, entering this market can be daunting. Fortunately, there are several ways and practices you can adopt when create a unique eLearning website.
1. Evaluate your idea
It’s no secret that the need for effective and affordable training and education systems is growing, but you need to look at the data to properly verify your concept. Statistics indicate that the size of the global e-learning market will exceed 300 billion dollars by 2025.
With advancements in artificial intelligence, augmented reality, virtual reality, machine learning, big data, and other technologies, you will be able to grow your business in the e-learning industry.
2. Analyze your niche thoroughly
Finding a problem worth solving is one of the most important tasks in product development. Your platform will not function as a crucial market solution if there is no problem. Therefore, before proceeding, think about the potential value and benefits that your product could provide to its users in the future.
Focus on the most popular categories, such as business and entrepreneurship, fitness, health and personal development, as well as arts and crafts, IT, etc. Consider the age, gender, and educational background of your learners, as well as their main goals and preferred ways of learning.
3. Select a business model
The first thing you need to decide before starting development is the business model. This will define how you use your platform to earn money.
Three options are available: paid certificates, where users pay for a certificate verified by the platform; by subscription, where users purchase a monthly or annual subscription which gives them unlimited access to the site; and paid courses, where students pay for the courses and the proceeds go to the teacher and website owner.
4. Implementation of essential functionalities
The success of your e-learning website will be determined by its essential features. The appropriate functionality for your website should be carefully selected and implemented.
You will find that the key features can be broken down into three categories when you learn how to create an e-learning platform. The first category includes common characteristics, followed by student profile characteristics and instructor profile characteristics.
5. Hire qualified educators
Without great content, however, even top-notch UI/UX design services and top-notch website features would be useless. Exceptional instructors must provide excellent content.
Therefore, in the future, you will have to work with academic institutions such as universities or seek qualified teachers. Partner with well-known and knowledgeable tutors and let your students meet them.
Featured image: Gorodenkoff, iStock.