Studies show that online learning can be significantly faster and more effective than traditional classroom training. Learners typically finish online courses 40-60% faster. Plus, retention rates for online learning are 25-60%, compared to only 8-10% for in-person training. This explains why companies worldwide are adopting online corporate training, and many report an 18% increase in employee engagement.

Let’s Create And Make Money With A Successful Course

Undoubtedly, the corporate world is gradually shifting its way to complete online learning. However, the stats for personal e-learning are also not less impressive. According to Statista, the e-learning market globally will best $243 billion by 2022. This is because learners in all spheres find online learning sources more accessible and effective than physical classroom training.

Scope in e-learning as a tutor

When teaching through the internet is making its move beyond schools and colleges’ walls, the scope for e-learning as a business option is also increasing gradually. Entrepreneurs are coming up with fresh ideas to offer unique learning potentials to students and earning preferences to the tutors. Nowadays, as a tutor, you can have unlimited know-hows to sell courses online and make some sound money from them.

• Explore your expertise: Some websites are even paying teachers to put up online courses on their websites. They are allowing tutors to put live as well as offline videos of their lectures. As a tutor, you can enjoy a sizeable market to explore your expertise and earn from it. As people are gradually grasping the value of online teaching methods, being an online trainer has become a significant deal.
• Reach beyond physical boundaries: There are many countries and places where there is a huge shortage of teachers in physical classrooms. In this situation, e-learning comes as a boon to such people, where they don’t have to rest in physical classrooms to learn. For example, with e-learning platforms, a US teacher can take online classes for students in Africa.
• Ease and convenience: Some people possess excellent teaching skills but cannot take classes due to their hectic schedules or traveling hassles.
• Such people can prefer online classes from their homes’ comfort and still earn good earning without essentially being to the classrooms.
• Do more than just teaching: The e-learning is a multi-billion dollar industry. There are millions of people involved in it. It is not just about teaching students on third-party websites. You can do more than just putting your courses on Coursera or Udemy. You can create your e-learning website and entrepreneur a business of your own.

Two ways to earn by online courses

If you possess expertise that you think people would be interested in learning, you can create and sell courses online in two primary ways:

1. Find a suitable platform according to your expertise

There are many established online learning marketplaces where you can sell your courses. These platforms offer ready-made e-learning courses that students can buy. Since they are already famous, you won’t have to work as hard to find people interested in your course materials.

How do e-learning marketplaces work?

• You need to create a tutor profile on the platform.
• After updating your profile, you need to upload your courses.
• People will come seeking courses on the website and purchase them accordingly.
• You will be paid for each purchase happened for your course.
• The marketplace will collect a commission from the combined sale made by you.

E-learning platforms to look out for

Here are a few of the most popular e-learning platforms where you can upload your online courses:

👉 Open Sesame

Open Sesame is one of the most reliable on-demand e-learning marketplaces, with more than 20,000 courses already on the platform. Learners from around the planet make purchases of the courses uploaded here. With its highly accessible user interface, buying and selling online learning courses is as easy as watching a Netflix video.

• You can upload SCORM, AICC or video files as course material.
• It works on a revenue-sharing model. There is no cost to you to sell courses online.
• Learners can preview courses, read reviews, and buy courses.
• No subscriptions or sustained commitments. Learners purchase only what they need.

👉 Coggno

Coggno is an e-learning marketplace with courses tutored by industry experts in different niches. There is a variety of topics offered here ranging from compliance and CEUs to safety and software development. Enterprises also purchase courses uploaded on Coggno to train their employees.

• Using the syndication model Coggno allows PEOs and HR consulting firms to offer courses from their own website.
• The platform provides an instant distribution channel to monetize and distribute courses directly with its affiliate partner network.
• Enterprises also purchase courses uploaded on Coggno to train their employees.

👉 Coursera

Coursera remains an online learning platform that additionally provides verified certificates to the learners. It has collaborated with prestigious universities and organizations worldwide to offer free online courses. Till date, it has been on-boarded by more than 10 million learners from across the world and raised more than $85 million in its venture capital.

• Companies purchase its courses for employee training and development.
• The main source of its revenues is from verified certificates.
• There are other sources of revenue as well: Fee-based courses and Sequence of courses.

2. Create your own online teaching website

The second way to make money from selling online courses is to develop your own e-learning platform like the above ones. As the already established platforms charge commissions for listing your courses on their marketplaces, you can take a step forward and launch your own e-learning website. E-learning authoring tools will allow you to create your own personalized courses and sell them on your terms, claiming the whole income for yourself alone.

What is an e-learning authoring tool?

An e-learning software or authoring tool is a program that offers the necessary tools to design online courses and allow specified users to retrieve them from anywhere through the internet. With varying levels of access and features, any such online teaching software provides all set of abilities to accommodate a learner and instructor on the same platform. In simplistic terms, they come with an extra set of abilities to facilitate teaching, learning and earnings for the tutors.

Things to lookout in an e-learning authoring tool

Any e-learning authoring tool should at least offer the following functionalities to start your own e-learning website:

• Editing tools to create and edit online courses.
• Ability to access the uploaded courses via internet.
• Show syllabus and course summary before purchasing the courses.
• Allow tutors to create lectures in different formats like text, video and audio.
• Ability for learners to provide online feedback.
• Allow monetization of courses: pay-per-course or subscription plans.

E-learning authoring tools to look out for

👉 Adobe Captivate

Adobe Captivate 9 lets you create and share interactive online courses. It’s built for collaboration so that multiple team members can work on projects in real-time. Captivate offers tools for HD screen recording, screencasting, and audio sync — everything you need to build engaging courses. One of its coolest features is Branch-Aware Quizzing, which lets you assess learning after each module. There’s even a free iPad app to reach even more learners!

👉 PinLearn

PinLearn is a versatile e-learning tool. Not only can you easily create your online courses, but it also has a built-in marketplace where you can start selling them immediately. The platform is scalable, too, so you can even let other instructors upload and sell their courses on your site.

As an e-learning authoring tool, it offers a simplified UI to online author courses without any prior knowledge of coding. It accommodates three categories of users: Platform admin or owner, Tutors, and Learners. Tutors are allowed to create courses and earn from them. The marketplace owner can earn by charging commissions from the tutors for selling their courses on the platform.

👉 Articulate Storyline:

This software is great for Windows users who want to create interactive online courses. If you already know Microsoft PowerPoint, you’ll pick it up quickly since it uses a similar slide-based approach. A standout feature is its robust video encoding — upload HD videos without losing quality. You’ll also love the modular panes — they make multitasking super easy.

Takeaways

Online teaching has revolutionized tutoring. Instructors can now connect with students on their schedule and from anywhere with an internet connection. Learners can study at their own pace from the comfort of their homes. This eliminates the hassle of commuting for teachers and students — you only need a computer and a reliable internet connection! It’s a win-win for everyone, creating a more enjoyable and successful learning experience. Online teaching also expands a tutor’s reach, allowing them to teach more students simultaneously. With the right skills and technology, online tutoring can be a great way to make money!