how much does the average traditional course cost to develop

by Felicity Walter 6 min read

What are the costs involved in creating an online course?

There are a few different types of costs involved in creating online courses. The first set of costs are your one-time costs for software or equipment. You can re-use equipment or sometimes rent equipment to save money. We’ll get into the one-time costs later. Costs that are more difficult to measure are time-related costs.

How much does it cost to build a golf course?

Rounding off the build of the golf course is planting the grass seed and sods and the rough when a specific look and feel is required. Furthermore, the grass will provide the finished look of the course and determine the number of golfers the course attracts. This can range from $100,000 to well over $500,000.

Can I know the price of the online course in advance?

Note: Online course development is a multi-stage and complex process, and it is impossible to know the price in advance thoroughly. There are too many variables in the final price tag equation that affect pricing.

How much does it cost to create a video course?

The mid-range one-time costs estimates go from $1,050 for presentation videos to $1,750 for live-action videos. Fortunately, with one-time costs, you can pay for the equipment and software once and then create 10 hours of online course video or even years’ worth of different courses.

How much should I charge to create an online course?

It can cost anywhere from $200 to $10,000 to create an online course. The main source of expenses is the labor involved, followed by the equipment and software. If you are creating the online course yourself and not paying someone else to do it, this means that other than your time there are very few expenses involved.

How long does it take to develop 1 hour of eLearning?

How long does it take to develop 1 hour of eLearning? A average 1-hour interactive elearning course will take 197 hours to develop. But development of a 1-hour elearning course can range between 49 hours for the low end of the range of a “basic” course to 716 hours for the high end of the range of an “advanced” course.

How much does it cost to build eLearning?

The cost of an eLearning program typically costs between $200 and $900 for every minute of completed eLearning, but depends on several factors, including: Which eLearning level you choose (Level 1, 2, or 3) Whether your eLearning has professional voiceover.

How much does it cost to develop a MOOC?

$38,980 to $325,330Overall, we found that costs of developing and delivering MOOCs at the four institutions varied widely, ranging from $38,980 to $325,330 per MOOC.

How long does it take to create a training course?

Depending on the duration and detail of the program, it can take anywhere between 25 – 500 hours to formulate an online course. A mini-course with just 4 or 5 videos you could develop it in a couple of days. An in-depth flagship course with numerous modules and assignments could take eight weeks or more to accomplish.

How long does it take to develop a college course?

Think Months Versus Weeks In the study, 29% of respondents said it took them over 100 hours, while 87% take up to 16 weeks to develop their course. A good rule of thumb is to allow 2-3 months to account for research, designing the course, testing with students and finalizing.

How do you price training courses?

How to choose a price for your online course:Do not price your course based on its length. ... Take a look at your competition. ... Quantify the value of the outcome your students can achieve. ... Test different price points. ... Consider your credibility/authority in your market. ... Consider the cost of your customer's alternatives.More items...•

What is the average cost of an online course?

Among 170 public ranked colleges, the average cost credit hour for online college is $316 for the 2019-20 academic year. Among 168 private ranked colleges, the average price per online credit hour is $488.

How much does it cost to implement a training program?

In 2020, across all industries, organizations with 100-999 employees spent about $1,678 per employee, organizations with 1,000-9,999 employees spent about $581 per employee, and companies with 10,000 employees or more spent $924 per employee on training.

How much does it cost to create a Coursera course?

Fees will range from $30 to $100, with an initial group of 5 courses getting the deluxe treatment.

How much did it cost to build coursera?

In case you are looking to go with the features we mentioned above and are planning to keep the technology stack the same as well, the Coursera-like mobile app development cost will come between $76,500 to $103,000.

How much does it cost to create a course on edX?

edX courses are technically free, but to get the verified certificate, you'll have to pay. The verified learning pathway can cost anywhere from $50 – $300 per course.

How long is an online course?

Most complete online courses are at least an hour long. If you’re planning for your course to be 3 hours then you can take the 1 hour time estimate and multiple it out by 3 to give you your approximate costs. So I’ll stick with one hour of video course content for this case study.

What is online course development?

Online course development specifically includes the cost to create the course content. That's why in this article, I won't cover the costs to host and manage an online course or the costs for best online course platforms. Instead, I'll just cover the costs for developing the course itself.

How many people watch online courses every day?

A lot of online courses are set up like the image below: According to research, 78% of people watch online videos every week and 55% view online videos every day. Watching videos online is a popular way to consume course content.

What is the most popular format for online courses?

Video with audio is the most popular format for an online course. Most courses consist of videos with a menu to navigate the course. Sometimes there’s supplemental text or links to supplemental materials beneath the online video. A lot of online courses are set up like the image below:

How long does it take to create supplemental material?

For instance, if it takes you 5 hours to create your supplemental material the first time it may take close to that the next time. If you’re creating the supplemental material then realize that your time is valuable so it’s smart to have an estimate of how long it’ll take.

How long does it take to make a video script?

No matter which type of video you’re creating, you’ll start with the outline and script creation first. I estimate it will take 3 to 10 hours to script out 1 hour of video depending on the level of detail you’re including and your expertise of the subject matter.

Do quizzes take long to create?

Then I’ll usually have a quiz at the end of it. A quiz doesn’t take long to create. If a quiz doesn’t make sense for your course then you can create an action plan to help your students work through whatever you’re teaching (recipes for weight loss, etc …).

What is the cost of online course development?

An essential part of developing and launching a successful online education program is having relevant content that resonates with and stimulates the minds of your users. Building a world class online course doesn’t only involves filling in hours of paper work, convoluted models, and bloated processes.

Factors involved in cost of online course development

Before you invest your time into what is the cost of online course development, take a look at some of the critical parts of course creation you should consider:

ADDIE Model and its relation with Online Course Development

Depending on your target market, marketing costs can have an immense impact on your online course’s profitability. The best way to explain the cost of online course development can be the ADDIE model.

Why Paradiso is one-stop solution ?

Building a world class online course doesn’t have to involve filling in hours of paper work, convoluted models, and bloated processes. Paradiso makes creating and launching an effective online course refreshingly simple and straight forward.

Understanding Your Objective

Before you can develop your course, you need to have a clear objective and an understanding of your audience.

4 Levels of eLearning Courses

The different eLearning levels are based on the amount of interactivity your learners will have with the course. The more interactivity in the material, the more engaging it is to your learners. You can also expect an enhanced learning outcome from a more in-depth curriculum.

Cost of Creating Your Online Course

Now that you’ve determined your course objective and the level of interactivity. You can start looking at what it’s going to cost to make your eLearning dream a reality. If you don’t have an in-house team, you’ll need to look at hiring professionals outside of your business.

Start Your Project: Determine Your Course or Training Program Cost

If this all seems a little overwhelming, it’s because it often can be. You have the best intentions by wanting to create an eLearning experience for your team, but there are a lot of moving parts required to get it done. The cost of your Learning Management Software, your Designer, SME, and freelancers, can really add up.

eLearning costs estimates: it all depends on the model

The online course design and development costs depend heavily on the instructional design model chosen. In this article we depict one of the most widespread and efficient instructional design and development approaches — the ADDIE model:

Conclusions

The eLearning market changes, new trends, and technologies rise and the course should remain relevant. As we all know, even the most popular distance learning courses might need to be adjusted over time, if new breakthroughs occur in the subject matter, new data should be added or some statistics should be updated.

Why is online learning better than traditional learning?

Even better, the benefits offered by online courses include increased student engagement, the opportunity for peer review and collaboration, and the promise of individualized attention , even in large classrooms. There are many reasons to embrace e-learning, ...

How much will the e-learning market be in 2025?

eLearning is going to play an ever-larger role in the future of higher education. In fact, by 2025, the e-learning market will reach $325 billion. That’s more than four times the traditional higher-education market. Even better, the benefits offered by online courses include increased student engagement, ...

What is learning management system?

Before pricing out any other aspect of course creation, you’ll need to select a learning management system (LMS). This software manages the delivery of course materials and monitors student completion. Because it is the main framework that students and teachers will interact with, it’s important to thoughtfully select a system that meets your needs. Each system has different features and functions that will dictate the kind of content you can offer and the supplemental tools you may need to purchase.#N#While it might be tempting to build your own LMS in-house to perfectly suit your specifications, doing so would be very expensive and time-intensive. Considering the lower price points of many LMS systems, it’s much more cost-effective to shop around for a ready-made solution.#N#There are several different types of learning management systems geared to higher education.

Is cloud learning more popular?

For all of these reasons, cloud-based options are becoming more and more popular. Cloud-based learning management systems usually operate on a software-as-a-service (SaaS) model, where users pay a monthly or yearly subscription.

Do you need to create a course material for an online course?

Just as you would need to create a curriculum and hire an instructor to teach an in-person course, you will need to create course materials and a lesson plan for an online one. You’ll either need to create the content yourself, have your staff do it, or hire someone else to do so.

How Much Land Does It Take To Build A Golf Course?

How much to build a golf course depends significantly on the cost of the land. An average 18-hole golf course requires approximately 140 and 180 acres, while a 9-hole course requires 70 and 100 acres. A 9-hole par-3 course can be built on as little as 65 acres, while an 18-hole pitch and putt require around 25 to 30 acres.

How Much Does It Cost To Build A Golf Course?

In 2001, Michigan State University found that the median cost to build a golf course was $14 million. But it varied between $7 and $25 million. It is difficult to provide an exact cost to the question, how much is it to build a golf course since there are many options and expenses.

FAQs

Owning a golf course can be quite profitable and rewarding if the construction costs can be kept low without sacrificing quality.

image

Decisions Related to Online Course Development

Image
The first decision you need to make to begin figuring out the costs is the type of content you’re creating. Will your online course consist of multimedia like video with audio, one or the other, or text-based? Video with audio is the most popular format for an online course. Most courses consist of videos with a menu to navig…
See more on coursemethod.com

One-Time Costs vs Time Related Costs

  • There are a few different types of costs involved in creating online courses. The first set of costs are your one-time costs for software or equipment. You can re-use equipment or sometimes rent equipment to save money. We’ll get into the one-time costs later. Costs that are more difficult to measure are time-related costs. Obviously, if you’re paying an instructional designer to create yo…
See more on coursemethod.com

How Long to Create An Hour of video?

  • Let’s start by going through an estimate of how long it takes to create that one hour of video. But before we can get to our video time estimate, we need to consider what kind of video we’re going to create. Will it be a live-action, screen recording, or animation-style video?
See more on coursemethod.com

Visual Video Decisions

  • There are decisions you need to make depending on what type of video you’re creating; live-action, screen recording, or animations. I’ve got a few pathways here depending on the type of video you’re creating. What you’re doing here is deciding on the visuals for your videos.
See more on coursemethod.com

Voice Over vs Live Action Audio

  • Depending on what type of video you’re doing, once your visuals are ready you need to record your audio …
See more on coursemethod.com

Estimate Considerations

  • As you can see, live-action takes less time to do. The time can vary based on the amount of practice you do and how many breaks you need between takes. Of course, if you’re recording yourself giving a slideshow presentation, you need to create that presentation and record it live. So that will take even longer! The thing is, these estimates are just for one hour. But if your cours…
See more on coursemethod.com

Supplemental Material

  • As explained above, I suggest creating an add-on to go along with the video. This takes extra time, but it will greatly enhance the value of your course. You can include a quiz (even 12 questions covering 1 hour of video will work). Quizzes or assessments make the most sense when you’re covering a difficult educational concept. For each module in my course, I created a short quiz. If …
See more on coursemethod.com

Time Estimates For 1 Hour of Video and Supplemental Material

  • Here’s the total time estimate for both the video training and the supplemental material production: Use this to help you figure out the time it will take you and estimate the costs involved.
See more on coursemethod.com

Costs For One-Time Physical Equipment

  • Now here’s where everyone will start incurring costs unless you already have all this equipment. First of all, you need a computer, but it doesn’t need to be anything super fancy. Hopefully, you already have access to a computer (a desktop or laptop will work). There’s so much variety in computer costs that it’s hard to estimate. Most people already have a computer (or access to on…
See more on coursemethod.com

One-Time Costs For Software

  • In addition to the physical equipment, you’ll need software. Once again, it’s different whether you’re doing presentation-style videos or live action videos which I’ll cover below.
See more on coursemethod.com