What is an eLearning business?
An eLearning business could be a variety of things. It might be teaching students how to use software or design websites, improving the effectiveness of salespeople with a home study program, or even creating an online course for people in a profession. Whatever your idea for the business, it will likely require you to start at square one and build from there. With this in mind, we have put together this guide on some ways to quickly get started on your way toward becoming an entrepreneur in the world of online education.
As with anything else you do, eLearning businesses can be a lot of work. Even if you have the skills to start an eLearning business, you’ll still need a business plan and marketing material to help your create online courses or program attract new customers. However, there are numerous ways a course or program can grow into something that already has thousands of customers.
Why start an eLearning business?
When it comes to starting an eLearning business, you have options. You could start your website and offer courses directly to customers or attempt to sell your courses through a marketplace where other businesses sell their products. You also have the option of offering your course through a third party site such as Udemy, Skillshare, Lynda, or even YouTube. Regardless of where you decide to sell your course, there are many benefits you’ll gain in the long run by implementing an eLearning business into your career.
The idea behind selling courses online is to offer something that people need. There are millions of people in the world looking for the skills necessary to advance their careers and take the next step in life. However, finding a similar product or course can be difficult and time consuming when you don’t know what you’re looking for. This often leads to people not buying a product or course solely because they don’t know it exists.
What kind of courses can I offer?
While this may seem like a daunting question, it’s pretty easy to develop ideas for an online training program. Learning a career skill can be as simple as improving your PowerPoint skills or understanding how to market your business. Whatever your eLearning idea is, there is something valuable that someone wants to learn. Often, it’s as simple as knowing you want to learn something in the first place. The key here is to keep your eLearning business simple. Your customers should be able to learn through a video, a text passage, a PDF file or even a podcast with minimal effort on their part before they start the selling online courses.
If you can teach them through one of these mediums, they’ll find it much more appealing than learning through another medium such as an online course. When it comes to creating a skill, we would recommend that you start small and gradually move your way toward creating a more extensive course. Here, the idea is to show your potential customers that you can create a product worth buying through the first few courses you sell.
What is my competition?
Depending on who you talk to, there are multiple ways eLearning marketplaces work. For example, some marketplaces will collect fees from both the seller and the buyer, while other marketplaces charge the seller their fees but leave the buyer’s side free for them to collect their profits. There are also some marketplaces where courses are free to watch, but the students have to pay for the certification at the end of the course. When you’re looking for a marketplace to sell your eLearning courses, you must find one that will work well with your sales strategies.
For example, if you plan on selling through a marketplace that charges fees from both parties, it’s best if you manage your website and link directly to your customers. This way, you can set any prices you want and potentially offload some of the cost onto your customers in return for a lower price.
Starting an eLearning business can be as easy as creating a SlideShare presentation to learn some new PowerPoint tips. It doesn’t matter what your eLearning idea is; there’s no doubt that you’ll find at least one customer who wants to use the service you offer. While it’s easy to think that you have to create an online course with hours upon hours of content to make any money, it’s best to start simple and slowly build upon your ideas. The goal is to build something that works smoothly and attracts customers before making a second version of your eLearning program.