Last Updated: 6th June, 2023
The global eLearning market is expected to reach $840.11 billion by 2030. The eLearning industry is evolving rapidly, and creating tremendous growth opportunities for aspiring entrepreneurs involved in the virtual learning space. The growth of the market is fuelled by various factors such as the increase in internet & mobile penetration, flexible learning options, technological advancements, and cost-effectiveness of eLearning services.
Driven by these factors, eLearning website continue to gain traction amongst learners for fulfilling their learning needs. For instance, the leading eLearning platform Coursera has around 102 million registered users on its website and is continuously getting popular among learners. One of the reasons behind the popularity and success of this e-learning platform is that it offers an intuitive and feature-packed virtual learning website to its users.
We can say that the demand for intuitive online learning platforms is continuously growing and provides a lucrative opportunity for budding entrepreneurs who want to enter the eLearning industry.
Hence, if you are an entrepreneur looking forward to kick-starting your online learning business with an online learning website, in this article, we provide you with all the necessary information you would need to build an eLearning platform.
In this section, we provide a comprehensive step-by-step guide to help you create an eLearning platform effortlessly.
To create an eLearning platform, you need to first decide what you want to achieve through your platform and how will you address the pain points of your target audience. Once you have a fair idea, now you need to nurture it with additional information. For gathering more information, you can take reference from various reports and data available.
For instance, according to a report, 70% of the world’s e-learning market collectively accounts for US and Europe. The statistics indicate that most eLearning activities are heavily focused in these regions. Therefore, creating a platform that can cater to the needs of these areas has a higher chance of bringing success to you.
After you have decided on your idea, this is an essential step to follow before starting with the process to develop your online eLearning platform. In order to provide solutions to the pain points of your target audience, you need to find the niche you want to cater to. You can focus on various popular categories such as language, music, sports, health, fitness, and many more. You must also consider the demographics (age, gender, location, learning preferences) of your learners to get an edge during your platform evolution.
After deciding the niche you want to serve, it is imperative to understand how you will generate revenue and reach your business goals. Some of the possible revenue streams include
Commission: Commission can be earned from tutors upon successful completion of sessions on the platform.
Subscription: The learners will buy a monthly or yearly subscription to get unlimited access to the platform content.
Certifications: Learners can pay a certain amount of fee to get certificates.
Advertisement: Website owner can earn by charging a fee for promoting products or services from other brands on their platform.
Listing fee: Tutors can pay a listing fee to get themselves featured on the platform.
Corporate partnership: Platform owner can collaborate with businesses to fulfill their learning needs. Through your eLearning website, tutors can be connected with businesses for teaching their employees and staff in return for a certain amount.
After following these 3 easy steps, half of your work is done, and now, you are ready to create your eLearning platform. For starting with the development process you must gain information on various development approaches you can follow to create your platform. Henceforth, we share information on various development approaches prevalent in the market.
When it comes to creating an online learning platform, there are certain core features that are essential for its success. These features not only provide an engaging experience to users on your platform but also make it easy to manage and promote your eLearning business. In this section, we will discuss some of the core features required for a successful eLearning platform.
This is a common step for both tutors and learners. Users should securely and easily be able to access the platform by registering with email or Apple, Google & Facebook accounts. Also, tutors should easily be able to enter their details and other information.
This feature makes it easy for learners to search for tutors based on certain keywords, subjects, availability, price range, accents, teacher’s level, and many more. This makes it convenient and less time-consuming for students to get what they are looking for depending on their needs and interests.
A tutor page is an essential page that will convert learners who are browsing your platform into your actual clients and convenience them to book a session with the tutor on your platform. A tutor page should showcase all necessary information related to tutors like their names, profile pictures, qualifications, number of lessons, experience, hourly rates, and availability. And also, the page can have ‘Book now’ and ‘Contact’ buttons for learners’ convenience.
In order to facilitate ease of payments for the learners and maximize conversions, multiple payment options like credit/debit cards, eWallet, net banking, and others should be offered on your online learning website. Additionally, various popular payment gateways like Stripe, PayPal, Authorize.net, and many more can be integrated for seamless transactions.
The dashboard is essential for both learners and tutors for management and keeping track of progress, learning goals, sessions, and more on an e-learning website. Additionally, an intuitive admin dashboard helps in easy management of the online learning website.
This dashboard displays total classes, scheduled, completed, and canceled sessions, along with wallet balance, and options to enter, cancel, and schedule classes.
Teachers can keep track of their scheduled lessons, classes, earnings, sale statistics, and more through an intuitive dashboard in one place.
Admin dashboard provides detailed information about total revenue, earnings, completed lessons, canceled lessons, total users, and so on. It also lets the admin manage orders, users, settings, SEO and more on the platform. Additionally, the admin can view reports and analytics in real-time.
To offer an interactive and collaborative learning experience for both tutors and students, an eLearning platform must be equipped with features such as text chat, video conferencing, screen sharing/recording, discussion forums, flashcards, and others. Video conferencing tools like AtomChat, Lessonspace, and more can be integrated into your platform to offer an engaging learning experience.
This is an important feature that lets you build trust and credibility among users on your website. Learners can leave ratings and feedback for tutors after completing the sessions which can be used by other learners to make an informed decision.
Now, after getting to know the essential features, let’s move ahead and discuss the steps to create an eLearning platform.
Developing a leading online learning website requires careful planning, execution, and advanced technology. There are two types of development approaches available in the industry. The first one is to custom-develop your platform and the second one is to choose a ready-made software to launch your platform. Let’s find out about them in detail.
Custom development involves building an eLearning website from scratch. It typically involves hiring a software development team that includes developers, and web designers to design, develop and deploy the eLearning platform. This development approach is a little cumbersome, expensive, and takes more time & effort.
Ready-made software is off-the-shelf software that can be purchased and customized to fit the needs of the business. Ready-made software is designed to be used by a wide range of users and offers a variety of features and functionality. As these software are ready-to-use they take less time, effort, and investment as compared to custom development. Ready-made software helps businesses launch their eLearning platform in minimum time, hence, reducing their time-to-market and providing a competitive edge.
Choosing between custom development and ready-made software will depend on the needs, budget, and requirements of your business idea. However, we recommend ready-made software because of the numerous advantages it offers.
Choosing a robust development approach is an important aspect of creating an eLearning platform. However, developing a secure, scalable, and feature-packed platform that can effortlessly connect tutors with learners is significant too. This is where choosing the right tech stack becomes crucial.
It could be a difficult task to choose a robust tech stack before starting to build your eLearning platform. But, to help you out, in this section, we discuss various factors that you should consider when choosing the right tech stack for your eLearning website.
The cost of developing an eLearning platform depends on various factors such as the complexity, features you want to integrate into your platform, and customizations you want on your website. However, the cost of developing a platform from scratch would cost you around three times more than opting for ready-made software.
The cost of development of an eLearning platform also depends on the geographical location and availability of resources. Below mentioned are location-wise, hourly development rates for an e-learning platform.
Region Wise Hourly Rates
FATbit Technologies is a leading technology company that has helped several entrepreneurs launch their eLearning businesses. FATbit has served global clientele around the world and has more than 15 years of software development experience in the industry.
Their feature-packed software Yo!Coach can launch an e-learning website hassle-free and quickly. Yo!Coach offers numerous e-learning-specific features that can cater to the needs of learners and tutors and help admin in managing the website efficiently. Additionally, it comes pre-integrated with popular video conferencing and payment APIs for a collaborative and seamless experience on the platform.
With a better understanding of how to create an e-learning platform, you can leverage the most this lucrative industry has to offer. Additionally, you must keep in mind that your website should offer exceptional functionalities as well as a great learning experience to achieve optimum success. With careful planning and the right technology, success can be achieved.
How much time does it take to build an eLearning Platform?
The time to build an eLearning website can vary depending on various factors, such as the development approach you choose, complexity of the platform, and the functionality you want to offer users on your platform. Additionally, the factors like size of the development team, your level of technical expertise, and the availability of resources can also impact the timeline.
However, custom development takes several months to complete the development process as compared to ready-made software that can launch your virtual learning website within 7 to 10 days.
How do I choose the right software for creating an eLearning Platform?
Choosing the right software for your eLearning platform will depend on your business goals, budget, and the features & functionality you need. In addition to that, you must consider the ease of use, customization options, scalability, and integration of essential APIs on your platform.
Apart from that, it is also important to go through the client’s testimonials and ratings & reviews of the software you are considering to ensure that you are making the right choice.
Why choose Yo!Coach to create your eLearning Platform?
Yo!Coach is a ready-made software that can help you launch your online learning platform without any hassle. This software is a robust option to launch your eLearning platform in less time. Yo!Coach offers numerous features to cater to the needs of all users on an eLearning platform. Key benefits offered by Yo!Coach includes:
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