Your course could literally earn anywhere from nothing to upwards of $50K a month. Potential revenue from your online course depends on a number of factors: How much are you selling your course for?
There is no set length that online course needs to be. Some short courses may be just 20-30 minutes, whereas some in depth courses may be many hours of lessons. No one wants to watch hours of filler content, so make your course as short as possible whilst delivering all the relevant information.
Online courses fall into different levels depending on their interactivity and complexity. The higher the level of interactivity (in the learners’ use) and complexity (in content creation) is, the more expensive a course tends to be.
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 navigate the course.
You should plan to devote a minimum of three hours per week per credit, plus an additional hour per class each week to review materials. For instance, for a three-credit online course, you will need nine hours of study time and one hour of review time each week.
Just like in traditional classes, the workload varies – but don't expect your course to be easier just because it's online. Many online learners say they spend 15 to 20 hours a week on coursework. That workload, of course, may vary between full-time and part-time students. A lighter course load likely means less study.
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.
Depending on the length and detail of the course, it can take anywhere between 25 – 500 hours to create an online course. For a mini course with just 4 or 5 videos you could create it in a couple of days. An in-depth flagship course with multiple modules and lessons could take 8 weeks or more to complete.
The respondents were queried about the problems and benefits of online classes. In the study, 54-58% students reported issues like experiencing severe physical strain, eyesight troubles, backache and headache due to postural problems, lethargy, fatigue, irritability and obesity.
Web-based learning allows instructors to deliver the same content using different media, like videos or simulations, personalizing learning. Online classes providing round-the-clock access to materials and lectures also let students study when they feel most focused and engaged.
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.
At an estimated 80 to 280 hours required to develop a 1-hour course, you can expect to pay roughly $5,850 USD to over $15,000 USD to get a fully polished course, in addition to the cost of your Instructional Designer (ID) and SME.
10 Steps To Creating A Wildly Successful Online CoursePick the perfect course topic.Ensure your course idea has high market demand.Create Magnetic and Compelling Learning Outcomes.Select and Gather your Course Content.Structure Your Modules and Course Plan.More items...•
How to create an online courseChoose the right subject matter.Test your idea.Research the topic extensively.Write a course outline.Create the course content.Bring your course online.Sell your online course.Market your content.More items...•
The length of an e-learning course depends on what is being taught and how in-depth the training is. There is no set length that online course need...
It can take between 2 – 100 hours to create each hour of online course content. It depends on how familiar you are with the content being taught, t...
The length of time it takes to create a curriculum will depend on the individual, and it can differ from person to person. It can take anywhere fro...
On a small budget, you can develop a professional-looking online course for $350 to $1,000. Equipment, the software, hosting, and promotion can all...
Depending on the length and detail of the course, it can take anywhere between 25 – 500 hours to create an online course. For a mini course with just 4 or 5 videos you could create it in a couple of days. An in-depth flagship course with multiple modules and lessons could take 8 weeks or more to complete. These numbers just provide ...
There is no set length that online course needs to be. Some short courses may be just 20-30 minutes, whereas some in depth courses may be many hours of lessons.
A typical price to sell a starter course might be $50 – $200.
It can take anywhere from 5 – 150 hours to create each hour of online content.
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.
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.
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:
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.
Video intros will give your video training a more polished look. You can get an inexpensive video intro from Fiverr. If you already have a logo then you just give that to a designer and they'll make a cool intro out of it. You can also add music to your intro or special sound effects and it'll add to the professionalism of your course videos.
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.
It’s hard to gauge how much content you have per video. If you’ve got 10 minutes for the video, you need between 1,000 and 2,000 words. You can use that as a gauge for how much content you need.
Online course development is a complex process, and the price of course creation can vary depending on learning platform, course content, eLearning industry, and other factors. If you want to get a detailed cost analysis research for your eLearning project, pleasefeel free to schedule a demo. Tweet#N# .
Sergiy has 18 years of experience in eLearning and management. Creating educational programs, career paths, online and offline courses he is making the educational world better as a co-founder of RG.
The eLearning market changes, new eLearning 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.
According to recent data, global eLearning is on pace to hit $325 billion by 2025. If you want to get a piece of those billions (or are skeptical that it can be done), keep reading.
If you want to justify increasing the price of your online course, you can do that by upgrading the course content. This means creating higher quality videos, visuals, text, and effects that better match your brand and are representative of the value you want to provide.
Creating and selling online courses can be a powerful driver for passive income if you put in the time to build a high-quality course and market it properly. While it does take time to create all the pieces for your online course, once you have it completed, it can generate revenue for years.
People across demographics are interested in education and lifelong learning more than ever before and online courses are a flexible and cost-effective way to expand knowledge without even leaving your home! If you’re not already selling an online course, you’re missing out on a tremendous opportunity to build a passive revenue stream, boost your brand’s reputation, and generate more leads.
Narrow Your Focus. It may seem counter intuitive, but you can actually set a higher price for your course when you’re teaching on a highly specialized topic. For example, you might have a course that’s an introduction to influencer marketing that covers the most basic steps you need to take to become an influencer.
You can also create online courses that are evergreen. This means that you create the course, record and edit your videos, and package it as a product instead of a live course. So, you’re basically putting the effort in to create the course once, but you can sell it over and over for years.
Creating an online course can run between $200 at the very minimum to $5500 or more a year depending on the method you choose to create and market it. These cost account for the hosting platform, screen capture software, email service provider, domain names, to advertising cost. However, the cost all depends on the hosting you use, ...
Your first option is to host your course on WordPress. A lot of people like this option because it gives you the most control over your content to the hosting you decide to use. With other platforms, you are stuck with the options they provide. On top of that with WordPress, it allows you to customize your design.
As a student, there are a few steps you need to take before you can get started with an online course.
If you’re thinking more about creating an online course yourself, there’s a lot more work to do besides just signing up!
The best way to launch your course is to build an audience of people who are interested in what the course teaches and offer them a discount and collect feedback from the first batch of students.
Domain Name. Costs on registering a domain name for your business range from $10 per year up to $100, a thousand or a million depending on the type of domain name you choose. An old domain name is fine like good old wine, but it’s usually expensive, and there is always the option of registering a new one.
It makes use of serious games, avatars, simulated job performance exercises, customized audio and video, stories, scenarios. It includes high-end interactive elements that are complex, more expensive and need more time to develop.
The learning management system (LMS) that you are choosing has a huge role to play in your course development, so make sure you pick one that meets your most essential needs in terms of features.
But since these are often easier to create compared to a video, there can be a slight reduction in the development time and costs.
For example, you can come up with good content and develop a course scenario while saving tons of money. Then, you can ask an instructional designer to review and edit your work. You can do the same with more complex online learning material – videos, quizzes, puzzles, and assignments:
The short answer is “YES it can be quite profitable!”. The long answer requires a more in-depth analysis. Creating and selling online courses is a highly profitable business with the potential to open up a passive stream of income.
Business costs are easy to overlook but that doesn’t mean they should. Quite the opposite; you should be on the lookout for less-obvious or hidden costs – for example, those found in your website hosting and customer/student support services.