Cost to Build A Language Learning Platform Like Preply

Cost to Build A Language Learning Platform Like Preply

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Inspired by the success of platforms like Preply, many entrepreneurs are planning to develop their own similar language-learning platforms. Moreover, the growth of the online language learning industry is forecasted to reach USD 41.63 billion by 2030, making it the right time for entrepreneurs to enter this lucrative business space. However, in the journey to build and launch a successful language-learning platform, the first challenge is to define the cost of building such a platform.

This blog post will be helpful for those who want to know about building a language learning platform like Preply and get an idea of the overall development costs for their online platform. But before proceeding with cost, let’s know a bit more about Preply.

Table of contents

What is Preply?

Preply is a leading online language learning platform that connects language experts with learners worldwide. It was initially co-founded by three Ukrainian entrepreneurs: Kirill Bigai, Dmytro Voloshyn, and Serge Lukyanov. The company now operates in 180 countries teaching more than 50 languages to 800,000+ students that are assisted by over 32,000+ tutors. This platform offers one-on-one online lessons, personalized lesson plans, group lessons, corporate language training, and more.

The platform earned revenue of $50 Million in 2022, its revenue grew approximately 4X from the previous year. The total valuation of Preply stands at $395 Million in 2022.

Key Features Of Preply

One of the reasons behind the success of Preply is its comprehensive suite of features that offer a tremendous user experience on the platform. Following are some of the popular features offered by Preply.

  • User-friendly Interfaces: Preply offers intuitive interfaces to users providing easy navigation and ease of use.
  • One-on-One Sessions: Interactive one-on-one sessions are offered tailored to learners’ needs for a personalized experience.
  • Collaborative Features: Preply allows tutors to use different video conferencing tools to enable uninterrupted communication between students and tutors. Additionally, their Preply Classroom – a communication tool also has everything needed for seamless lesson conduction. Moreover, this platform also provides instant chat options for quick interactions.
  • Preply Calendar: It is an important feature that enables learners and tutors to efficiently manage their schedules. Tutors set their availability, and learners book sessions based on the available time slots.
  • Filtering and Sorting: This functionality allows the learners to find the most suitable tutors as per their preferences and requirements. Learners can filter and sort the tutors based on criteria such as language, price, country of origin, and availability. Additionally, the learners can even search the tutors by name or keywords.
  • Seamless Booking: The platform facilitates seamless booking, allowing students to easily schedule lessons with their selected tutors.
  • Secure Payments: Preply has a secure payment system in place and keeps users’ information highly protected. Multiple payment options such as credit/debit cards, eWallets, PayPal, and more are also available on the platform.
  • Tutor’s Profile: Users can easily create, edit, and update their tutor’s profiles on Preply, showcasing their expertise, qualifications, and other relevant information.

These are some of the popular features that make Preply stand out among its competitors. To achieve the same success and provide user satisfaction as Preply, you must consider incorporating these features on your platform.

Planning To Launch a Feature-Rich Language-Learning Platform?

After having a brief idea about the features, the next important step is to have a good understanding of the parameters that will define the cost of building an online language-learning platform. Let’s know about them in detail.

Factors that Determine the Cost of Building an Online Language Learning Platform Like Preply

The cost of building an online language learning platform like Preply depends on several factors and aspects. In this section, let’s touch upon those parameters in detail so that you can make a smart and informed decision.

Cost Of Development

Implementing User-Friendly UX/UI Design

No wonder UX/UI design is essential when determining the cost of building an online language learning platform. The complexity of your platform’s design is the most obvious factor affecting cost. A simple, minimal graphics and functionality would cost less as compared to a complex, visually appealing design with interactive features. Therefore, the complexity desired in the design directly correlates with the cost, time, and expertise required to build a platform.

Deciding On The Functionality And Features

The number of features you want to incorporate on your platform directly correlates to the cost of building an online language learning platform. The more advanced features you want to integrate on your platform the more time and resources will be needed to develop them, consequently, increasing the overall cost of development.

Evaluating Your Server Requirements

The required server space for hosting significantly impacts the cost of building and launching an online language learning platform. Numerous factors such as maintenance costs, security measures, upgrades, downtime, and more contribute to the overall cost of server management. Beyond this, you also have to bear miscellaneous costs associated with procuring, installing, and ongoing maintenance of the server space.

Choosing The Right Domain Name

Domain registration and web hosting are also some of the most important expenses that you have to bear while launching an online language learning platform. The overall cost of obtaining a domain name is decided based on numerous factors such as the popularity, availability, length, and type, of the domain name. Depending on these factors the cost of the domain name may vary and you have to bear the expenses as per your needs. 

Ensuring Security Of The Platform

Prioritizing the security of user’s data on your platform is very important to build trust and credibility. To protect your data and maintain the platform’s integrity in the long run you can obtain GDPR-compliance and must abide by other data protection laws as per your region. Implementing all these security measures may leads to additional investment. Moreover, additional expenses may be incurred for securing an SSL certificate for data encryption.

Managing Content Of The Platform

Content management is a necessary expense if you want to reach out to your target audience effectively. Curating, developing, and managing content involves costs related to content creation. For creating content including website content, webpage content, blogs, articles, and social media content, you need to invest in professional writing and pay the content curation team.

Choosing The Right And Advanced Technology Stack

The choice of technologies, programming languages, and frameworks directly affects the development cost. Additionally, the success of an online tutoring platform depends on the tech stack used. To maintain the system’s performance, scalability, and security, advanced tech stack implementation is recommended. However, implementing advanced technologies would require a skilled development team eventually contributing to more investment.

Want To Know More About The Right Tech-Stack For Your Online Learning Platform?

Deciding Your Team Size

To ensure that your platform is successfully built and launched, you need to hire a team of experts who will take the hassle for you. Experienced web developers and designers would implement your ideas and assist in launching your platform. The cost of platform development directly depends on the number of resources you need to hire to implement your business idea.

Considering The Location Of The Development Team

The geographical location of the development team also affects the overall cost of the platform. In general, platform development cost will be higher in the regions with higher labor costs, such as North America, as compared to regions with lower labor costs, such as Asia. Countries like India, China, the Philippines, and more generally have the lowest hourly rates for web developers and designers.

Integrating Essential Third-Party APIs

To enhance the functionality of your online platform and offer a seamless user experience you may need to integrate third-party APIs. Essential APIs for an eLearning platform include payment gateways, video conferencing systems, analytical tools, and more. These integrations come at an additional cost and require developmental efforts. You also have to incur costs related to licensing, customization, and more.

Setting Timeline Of The Development Project

Another important aspect on which the cost of development of an online language learning platform depends is the duration of building such a platform. When there is a need for rapid development within a constrained timeframe, the cost of hiring and aligning the manpower and resources would increase accordingly.

The total cost of developing an online learning platform depends on many things, as mentioned earlier. However, this is just an approximate estimate and while starting your entrepreneurial journey, you need to understand that these expenses may increase or decrease depending on your business idea and goals.

Unleashing the Potential of Ready-Made Software Solutions

If you want to optimize your expenses and want to go for a cost-effective option, ready-made software seems like an ideal choice. Ready-made software is the best alternative to custom development that allows you to launch your online language learning platform without any hassle. Let’s know more about ready-made software.

What are Ready-Made Software Solutions, And Why Choose Them?

Ready-made software solutions are pre-built with industry-specific features and can cater to the needs of online learning businesses effectively. These are built on proven technology, hence, eliminating the chances of any error or issues after the launch. Ready-made software solutions offer a plethora of benefits as compared to custom development.

These software solutions also stands out on all the parameters mentioned above and are proven to be an ideal choice for entrepreneurs looking to enter the industry in less time and cost-effectively. One such popular ready-made software available in the industry is Yo!Coach.

It is a cutting-edge software that has already helped several entrepreneurs establish their online language learning platforms across the world. This software comes pre-integrated with several essential APIs that are required for seamlessly running an online language-learning business. Yo!Coach’s comprehensive suite of features enables an intuitive experience for users on your platform. Other benefits offered by this software include:

  • White-Label software
  • No coding required
  • Source-code ownership
  • No recurring charges
  • Advanced and industry-specific features
  • Collaborative and interactive video conferencing tools
  • Multi-lingual and multicurrency
  • GDPR- compliant
  • Customizable and scalable
  • Commendable post-sales customer support

Launch Your Language Learning Platform Like Preply With Yo!Coach

When considering the suitability of the ready-made software solution for your business goals, the next important step is to understand how to choose the right software company and the team aligned with your needs. Let’s read about that in the next section.

How To Choose The Right Company/Team To Build Your Online Platform Like Preply?

Embarking on a new entrepreneurial journey can be exciting but intimidating at the same time. Choosing the right software company is no easy task. It may get overwhelming to choose one among many software development companies out there and feel uncertain about who to trust to get the job done.

Therefore, to help you out, we have compiled a list of things that you should consider while finalizing the software development company.

  • Company Size: Look for details about the company size and organization structure. This provides you insights about the company’s scale and how it operates.
  • Client Portfolio: Check the portfolio to have a look at their clients and the kind of projects the company has delivered successfully.
  • Technology: Assess the company’s profile, especially its proficiency in relevant technologies from your industry. Gain an in-depth understanding of the technology that the company uses and know if it aligns with your requirements. Also, get an idea of the system performance of the software you are considering.
  • Experience and Market Presence: This involves having a fair idea about the company’s presence in the industry. Have a look at their certifications, experience, and more to gain an idea about their reputation and authenticity in the market. It is always recommended to go for a company with good years of experience to avoid any hassle.
  • Client Testimonials and Reviews: Carefully assess the client testimonials and reviews on the company’s website and third-party review platforms like Clutch, G2, and more. Gain valuable insights about their reputation and performance by going through feedback from previous clients. Also, look for the following aspects to have a better understanding of the services you will be provided:
    Video Testimonials
    Client Reviews
    Success Stories
    Case Studies 
    Portfolio
  • Communication and Post-Sales Support: Clear communication channels are important for client satisfaction. Gain insights about the level of support they provide before and after-sales.

Consider the above-mentioned aspects carefully and choose the best software company as per your business goals and requirements. Get a clear and indepth understanding of the software companies before making a decision and then determine if they are the right fit for your business.

Looking For A Reputable Software Company To Implement Your Business Idea?

Final Thoughts

Considering the tremendous growth potential of the online language learning industry, investing in a well-designed and feature-rich online language learning platform can prove to be highly lucrative and can lead to significant returns in the long run. By considering the information mentioned in this blog you must have got a fair idea about the cost of developing such a platform. Remember, not to feel overwhelmed by the costs and expenses mentioned in this blog as these are just the estimated costs and may vary depending on your business needs, and goals.

FAQs

Q1: Which is a better option ready-made software or custom development from scratch?

Ans: Although both the options have their pros and cons but when all the factors are considered, ready-made software solutions usually are more cost-effective and less time consuming as compared to custom development. Ready-made software comes pre-built with latest features and requires less effort to launch your platform.

Q2: How long would it take to build an online language-learning platform?

Ans: Well, the time to build an online language learning platform depends on several factors such as development approach, design complexities, feature integration, customizations, and more. However, custom development takes more time(months or years) to complete, whereas, ready-made software allows you to launch your platform within a few days.

Q3: Which software can I choose to create an online language learning platform like Preply?

Ans: Yo!Coach is a popular ready-made software that can help you create your online language learning platform like Preply hassle-free. This software is pre-designed to cater to all the language learning business requirements and offers industry-specific features for a collaborative and interactive learning experience. Explore our demo to gain an in-depth understanding of the features and functionalities offered by Yo!Coach.

Q4: What kind of online learning platforms Yo!Coach can build?

Ans: Yo!Coach has been in the industry for a long time and has helped numerous entrepreneurs launch their online learning platforms in 15+niches. Yo!Coach with its capabilities can cater to diverse business models and can turn any elearning business idea into a successful business venture.

To name a few this software can launch platforms offering individual/group learning, course-based learning, live courses, enterprise eLearning and more. Also, this software can support diverse business models in different niches such as language learning, consultation, mentoring, tutoring, and more.

Q5: Why choose Yo!Coach to build your online language-learning platform?

Ans: Yo!Coach offers numerous industry-specific features and functionalities that can cater to all requirements of the online language learning business. Other capabilities of Yo!Coach include:

  • Ready-made white label software
  • No coding required
  • Years of experience in the industry
  • Global clientele
  • Experienced technical team
  • 1 year of free customer support

Q6: Any platforms build by Yo!Coach similar to Preply?

Ans: Yo!Coach has served global clientele around the world and helped numerous entrepreneurs successfully kick-start their online language learning businesses. Some of the popular online language learning platforms build by Yo!Coach include Language Explorer, Convrld, Weyakyak, That English Accent, Amalingua, Language Center of Congo, Langoli, Valingo, and many others.

Q7: What are the best alternatives to Preply? Can you build similar platforms?

Ans: Some of the best alternatives to Preply are Cambly, Verbling, italki, and more. Certainly, Yo!Coach can build all these platforms with its cutting-edge capabilities.

Q8: How Yo!Coach can help you in moving one step ahead of your competitors like Preply?

Ans: There are numerous features and specifications in Yo!Coach that can help you in staying ahead of the competition in the industry. Let’s have a look at them.

  • Yo!Coach is a ready-made software that lets you launch your online platform in very less time. Hence, reducing your time to market and enabling you to enter the competitive space quickly.
  • It’s a high performing software with a 100% success rate. The system is so robust that it can accommodate large number of users on the platform without compromising the performance, providing an edge among other competitors.
  • To enable user data security and privacy, the system is GDPR compliant.
  • Progressive Web Apps (PWAs) offered by Yo!Coach helps in providing a responsive and satisfactory user experience.
  • With mobile app, provide an intuitive and personalized learning experience to learners and let them conveniently attend sessions on the go.

Q9: Can I customize the platform as per my business needs?

Ans: Surely, Yo!Coach offers customizations and helps you transform your business idea into reality. Our team understands your requirements and further implements those customizations without causing you any hassle.

Q10: Does Yo!Coach offer any ready-made mobile applications?

Ans: Yes, Yo!Coach offers a very intuitive and user-friendly mobile application for learners. This feature-rich app provides a personalized learning environment to learners and provides convenience. The mobile application is engaging, user-friendly, and very intuitive making it easy for learners to book, schedule, and attend their sessions via this app.

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