Last Updated: 16th October, 2024
Education, once limited to the stiff-backed chairs of classrooms, has now transformed into more flexible, and accessible formats of learning, thanks to technological advancements in the industry. The eLearning platforms are gaining traction among learners because of the flexibility, convenience, and cost-effectiveness they offer.
According to Statista, in the eLearning platforms market, the number of users is expected to reach 1 billion by 2029. Moreover, the eLearning industry is growing at a CAGR of 14% and is anticipated to be worth $1 trillion by 2032. As this sector continues to show positive growth, it opens up many exciting opportunities for education entrepreneurs.
Launching your own eLearning platform can prove to be a lucrative endeavor. If you are looking forward to entering this thriving landscape, in this article, we share all the necessary information you need to build an eLearning platform.
But first, let’s know about different eLearning platforms that are currently prominent in the industry. Here’s the table of contents to guide you.
Tutors can connect with students through different methods on an eLearning platform. Here are the popular types of eLearning Platforms:
In this method of learning, the students attend sessions (one-on-one, or group) with tutors in real time on an e-learning platform. This type of learning provides a more personalized and direct learning experience enabling students to resolve their queries at the same time.
Popular Platforms: Cambly, Preply
Tutors create videos of the topic they want to teach. These series of videos are uploaded on an eLearning platform and purchased by learners as courses. This type of eLearning method provides high flexibility and convenience. Learners can access the video lectures anytime, anywhere as per their availability.
Popular Platforms: Coursera, Udemy
In this type of platform, both asynchronous and synchronous modes of learning preferences are catered. On a single platform, both live as well as pre-recorded sessions are offered. This type of eLearning platform can cater to the diverse preferences of the learners.
Popular Platforms: SkillShare
You can cater to the diverse learning preferences of the learners with the different types of eLearning platforms mentioned above.
In this section, we provide a comprehensive step-by-step guide to help you create an eLearning platform effortlessly.
This is the first step and very important step while building your 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
When it comes to creating an online learning platform, gaining information about the core features of an eLearning platform is 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.
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 functionality is very crucial for knowledge sharing among tutors and students on the platform. Tutors can easily share important documents, PDFs, and other files with learners by utilizing the file and document-sharing capabilities.
With this feature, learners can create a comprehensive record of the information in the form of notes while watching a video lecture for future reference.
This is an important feature that lets you build trust and credibility among users on your platform. Learners can leave ratings and feedback for tutors after completing the sessions which can be used by other learners to make an informed decision.
Progress tracking is an essential feature that helps learners stay on schedule, avoiding any delays, and meeting learning objectives. With progress tracking, learners stay motivated, and make informed decisions in their learning journey.
Providing a streamlined booking and scheduling process is extremely essential for the success of an eLearning platform and contributes in enhancing user retention. Offer the capabilities that enable the learners to easily schedule and book the sessions, courses, and more on the platform.
This functionality is of utmost importance while offering pre-recorded sessions on your platform. With robust course management features, handle the courses effectively. This enables the instructors to add pre-recorded courses on the platform with just a few clicks, effectively adding basic details of the courses, price, and so on.
By offering certifications the skillset of the learners can be authenticated, post-completion of the courses. The certificates can be edited as per the requirements and shared with learners.
With this functionality, tutors can decide the price of the courses they are offering on the platform. Course price management is an important aspect as it allows tutors to determine how much they want to charge for their courses providing them control over their pricing strategy.
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.
This functionality enables the tutors to create a series of group sessions which can be offered as a class package and will be available to learners for enrollment. It eliminates the hassle of booking sessions again and again that need long-term commitment.
Calendar availability functionality enables tutors to specify their availability with ease. Learners can see at a glance whether the tutor is available for booking, eventually saving their time, and providing flexibility. Moreover, synchronization with Google Calendar automatically updates the availability of tutors for that same period of time.
With these functionalities, you can reach out to a broader audience eliminating the language and regional barrier. Multilingual and multi-currency functionality helps expand your target market and enhances user volume on your platform along with revenue.
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 platform. 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 platform. Additionally, an intuitive admin dashboard helps in the easy management of the online learning platform.
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.
Explore other important features of an eLearning platform.
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 platform 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 platform 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.
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 platform. 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
Yo!Coach is an advanced eLearning software that can launch your eLearning platform hassle-free and quickly. Yo!Coach offers numerous e-learning industry-specific features that can cater to the needs of learners and tutors and help admin in managing the platform efficiently.
Additionally, it comes pre-integrated with popular video conferencing and payment APIs for a collaborative and seamless experience on the platform. Yo!Coach team has served global clientele around the world and has more than 15 years of industry experience.
Benefits you can leverage with Yo!Coach
Features offered by Yo!Coach include:
1. Russian Math Tutors – USA
This eLearning platform offers subject-specific tutoring leveraging the capabilities and functionalities of Yo!Coach. Since its launch, this platform has successfully connected thousands of students and tutors.
2. Languagexplorer – Italy
Languagexplorer is a language eLearning platform built with Yo!Coach that is successfully connecting people and helping them in learning the language of their choice. By using the in-built features of Yo!Coach, they could successfully equip students with language learning skills all over the world.
3. Hello Music World – Australia
This unique eLearning platform offers music sessions for music enthusiasts across the world. Built with Yo!Coach, this eLearning platform is efficiently catering to the needs of music artists, performers, teachers, and learners.
4. Bloom Learning – Trinidad and Tobago
Powered by Yo!Coach, this eLearning platform is successfully providing one-on-one live and group sessions for students seeking SEA, CSEC, and school exams coaching. Since the launch of this platform, they have onboarded around 50 tutors and are serving thousands of learners.
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 eLearning platform 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.
Q 1. How much time does it take to build an eLearning Platform?
Ans The time to build an eLearning platform 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 platform within 7 to 10 days.
Q 2. How do I choose the right software for creating an eLearning Platform?
Ans 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.
Q 3. Why choose Yo!Coach to create your eLearning Platform?
Ans Yo!Coach is a ready-made software that can help you create 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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