How to Develop an e-learning Platform and its cost |
Posted: September 12, 2020 |
To start any new business by launching an app the first and foremost thing to consider is its need and business model. The need for the app in the market and the business it will generate based on the type of business model will decide the overall success of the app. So to develop an e-learning app you need to follow a fixed set of processes till its launch. Please note that the process might vary a little bit for person to person but its motive will remain the same as developing a successful e-learning platform How To Create e-learning Platform1. Idea Validation Idea validation is the stage where you research about the future need of the e-learning platform through surveys conducted, expected growth forecast, business opportunities. In the case of e-learning global market is expected to reach $300 Billion Dollars by 2025, which is almost doubled of the current $163 Billion in 2020. So your idea definitely clears the idea validation stage as there is a huge growth opportunity. 2. Research Competitors Once the Idea is validated it is time to research how the market leaders like Udemy, Coursera, Skillshare, etc are serving the customers, What are the Features they offer, Revenue generation model, Marketing Strategy, etc. Competition research is the most important step as it will help you in finding out the pain points of their Customer, Most liked features of all the platforms, etc. 3. Define Business Model In the above step, you would have got the answer to the business model followed by the present market leaders so based on it and combining it with some new ideas layout a framework on how will you generate revenue from your offerings. 4. Selecting Basic and Advanced Features The most important factor in terms of cost of development and the user experience is the Features you want to implement in your platform. The more number of features will result in better user satisfaction with increased development cost and vice versa. So the optimum solution should be selected which will satisfy your users as well as your pocket. 5. Development To develop such a high level of e-learning platform in my opinion you should hire a professional agency that has extensive experience in How to develop an e-learning Platform. The Development team will help you in selecting the optimum level of features that won’t increase your cost drastically and also will satisfy your user for an initial level of e-learning Platform. The Development agency will guide you on the Technology Stack required for developing an e-learning platform with your selected features. Also, they will be able to design a constant feel kind of design as they are better versed in it. 6. Launch Once you get the go-ahead from the development agency it is time to launch and market your platform aggressively and take advantage of the market demand. Monitor the performance of your platform regularly and implement necessary changes and features as and when required to evolve with time. Cost of e-learning Platform DevelopmentIf we consider the development country as India where the approx per hour development charge is between $15 - $50. The total cost of e-learning website development is $15K - $50K.
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