13 Oct · 4 min read
The sudden dilemma of the Covid-19 crisis has forced millions of people all over the world to move their professional and educational lives online. Online learning is one of the few successful businesses that have experienced enormous growth. It has helped people in leveling up their skills while staying indoors. Thus, making an e-learning market a profitable business model for those planning to build platforms like Udemy or Skillshare.
E-learning platforms are online learning platforms consisting of interactive online services enabling users to take lessons, training, courses, and various types of consultations online without their physical presence.
Let's dive into knowing the key advantages of E-learning platforms which are as follows:
1) E-learning offers unique preferences and learning goals. It helps learners to choose their relevant paths while navigating at their own pace.
2) Ensuring access to education from any location regardless of age group.
3) They offer courses that are budget-friendly and give you the freedom to access content from anywhere at any time.
4) They allow users to continuously improve their skills along with sharing knowledge on any topic.
5) They offer consistent and standardized training following various e-learning approaches.
Before building an e-learning platform, it's important to think about the factors that determine the success of your product. One should look from a broad perspective and adjust all the activities before thinking about the development. By examining your target audience and their requirements, one can easily predict the type of platform and functionalities that will be the most suitable.
Strategizing business model and product development: Before starting the development process, it's essential to consider the overall strategy for your platform, including monetization, promotion, and future development.
Competitive analysis: A market research is a great way to familiarize yourself with the available e-learning solutions and treat them as a benchmark for your platform. Implementing the competitive analysis will help you gather new ideas. Thus, helping in the successful launch of your product.
Solution-Building: You can create an e-learning platform from scratch using open-source solutions, such as Moodle or Cocorico.Each has its own set of benefits and drawbacks.
Overcoming challenges: One of the biggest challenges you’ll face when creating a successful e-learning platform is maintaining user engagement. You can implement various interactive functionalities and gamification to make a difference.
Most professional e-learning platforms are equipped with several functionalities that allow users easy and efficient access to learning which are as follows:
Beginning with the basic functionality comes the good audio-video system. It helps to establish two-way communication between the teacher and the student when building an e-learning platform.
Two-way communication using an interactive whiteboard is an important functionality from both the teacher's and students' point of view. It enables them to communicate key definitions, take notes, and complete tasks in class.
Notification serves as one of the key functionalities. Students should be regularly informed about any changes happening in their courses. For example, Sending reminders to students before every class.
This functionality allows users to collect basic materials about the recently studied topic. It is also useful when one wants to review the material and be up to date with all educational resources.
An e-learning platform should have a chat functionality for ongoing communication between the users. For e.g., asking questions, talking, etc.
A dashboard with a clear view and intuitive UX design helps users to use the product effectively. Users should be provided with the option of choosing the relevant course and all the information regarding it. This results in user retention and enhanced growth.
The above mentioned are the few functionalities to consider when building an e-learning platform. Undoubtedly, the best way to choose the right ones is to carefully analyze your needs and target audience.
Once you are aware of the initial idea for an e-learning platform, the next step is finding the right IT partner to build a dedicated solution for you. To ensure that the final product meets your demands, this decision involves comprehensive expertise and experience in the development of e-learning systems. As a result, you will be able to earn a significant amount of money.
To conclude, eLearning is undoubtedly becoming a significant part of the education industry allowing a unique and renewed distance learning.
If you are looking to build a successful e-learning platform, please feel free to contact us at Studio Software, and we would be more than happy to talk about product vision.