Education is who we are today. Every human accomplishment, triumphs are the manifestation of what we have learned. In fact, education is something we can’t imagine forsaking. It is a necessity for our prolonged existence. The process of learning has been never linear, it has undergone several modifications from time to time. The digital education system is the new norm of the 21st century. It focuses on delivering access to all the possible streams of modern education, moreover, it aims to redefine the learning stereotype by introducing flexibility and convenience to the learning process. However, here we discuss business possibilities of the modern-day digital education system, we also cover the basics as well as core concepts to help you kickstart your own E-learning business.
E-learning- Stats and Figures
Digital learning practices are incredibly beneficial when compared to conventional learning, that there is absolutely no way we could resist its incoming. Studies reveal, with e-learning, candidates learn 5 times more materials within a comparatively less period of time. The efficiency in learning helps participants make the best out of the course. Also, when it comes to corporate, 42% of organizations have witnessed a significant improvement in their revenue by implementing E-learning. In fact, IBM has saved $200 million after switching to digital learning. More than 41% of Fortune 500 companies use some kind of E-learning solution as of now. Above all, E-learning industry has grown 900% since the year of 2000. Check here for more, e-learning industry stats & analysis.
Complete Guide for Building an E-learning App
There is no doubt that E-learning businesses are going to rule over the entire education system. In fact, it is a perfect opportunity to contribute to making the world a better place. Through educating the masses, you are developing a new, independent and conscious generation. Feels great, right? But, is it that simple to prove your worth in a highly competitive market? It can be a tiring process as an entry-level business to compete with those already established businesses. Refer the roadmap to optimize your pursuit of success.
Define Your Audience
Since customers are the backbone of any business, doing business with the right people is crucial. Defining your target audience will help you define a clear goal, plan the strategies more efficiently and execute the same confidently. However, don’t confine yourself. The education industry is huge, it includes many categories, streams, cultural peculiarities and many more. You can find the target audience by dividing people based on their region, age, gender, cultural differences and more.
If you are targeting on young learners, you should engage them in studies. There is no other way around. By introducing gamification, quizzes and more, make the learning much entertaining and valuable as well. Analyzing the outcome or the progress of the process is also important, as it helps you understand your students better. Video sections with experts bring more value as well. On the other hand, if you are dealing with children, particularly when you are dedicated to teaching them, you should have to implement a new strategy which includes Fun video, games, interactive and puzzle games.
