One of the most important sectors has always been education. Every two years, according to Moore’s theorem, every new technological breakthrough expands exponentially. As a result, the education sector now has more resources to strengthen the interaction between tutors and pupils. The teaching process has been more cost-effective thanks to the opportunity to provide easy access to knowledge through an eLearning app.
The cost of creating an eLearning app is a hot topic among mobile app development companies and their clients these days. Thanks to the rise in opportunities, people are competing for more than ever before, and students are looking for new ways to learn more effectively around the world. This has grown the need for eLearning app solutions manifolds.
Statista estimates that the education industry has spent about USD 90 billion to grow the global eLearning sector. By 2024, it is estimated that spending will have risen to more than USD 120 billion. As a result, the education sector is seizing resources around the world to use the eLearning app to deliver education to all without prejudice.
Major Categories Of eLearning App
There are three major forms of e-learning industry groups, and we’ll go through each one in-depth.
- E2C (Education To Customers) Model
Consumers in this category are usually students trying to expand their educational awareness. Students from all types of institutions, including schools, colleges, and universities, have demonstrated a strong interest in using e-learning smartphone applications to further their education. This passion for e-learning applications has now developed into a commercial boost for software developers. However, it is not an easy road to take, and if you’re stumped, take a peek at some of the most interesting revenue-generating opportunities available in this category.
Today’s internet is brimming with different types of online classes, which help their developers raise millions. They partner with well-known universities and colleges to attract as many students as possible with their online classes. They have miraculously supported thousands of students who wish to further their studies but are unable to do so due to financial constraints. The following are their ingredients:
- Audio and video lessons are sprinkled in the textbooks.
- Catalog of courses, blog, and discussion site
- Link to all required materials via a smartphone edition
- To make online payment simpler, an integrated payment system has been developed.
- Online quizzes and assignment submissions to peer students for review
- E2B (Educators To Businesses) Model
Any corporation looking to implement a new training curriculum into their operations should use e-learning to avoid the monotony of face-to-face or classroom learning. In today’s climate, companies must emphasize productivity and development. To achieve these goals, companies move to e-learning, which saves them resources, time, and effort. Take a look at some of the advantages that make e-learning smartphone applications such a valuable platform for companies.
- E2E (Educators To Educators) Model
E-learning smartphone applications have been developed not only for the benefit of students, but also for the benefit of teachers. True, e-learning has proven to be extremely useful to students, but this isn’t the whole story. Ses e-learning apps have also supported teachers in their professional growth.
Because of the change in teaching methods with the abandonment of physical classrooms and the adoption of interactive online classes, educators needed to make minor adjustments to their teaching style. E-learning applications have proved to be incredibly helpful in their attempt to discover new instructional techniques.
The following are some of the advantages of teaching by e-learning smartphone apps:
- Assigning work and projects to pupils, as well as maintaining a real-time track of their success.
- Class preparation should be performed at any time that is suitable for them.
- Communication between students and their parents should be improved.
- Links to details at any time and in any place
- Push alerts for any critical operation are eligible.
- Institutions will use e-learning applications if they are usable.
- Technologies’ e-learning market
General Features In An eLearning App
- Features Of A Basic Student Panel
- Login/Signup with Social Media
- Look over the different subscription options.
- Class costs and an e-learning package must be charged.
- Select and display the subjects that are available.
- Post your suspicions and concerns here.
- Search for and filter online tutors.
- Teachers and tutors should be selected carefully.
- Test series and quizzes are open to customers.
- Consult with a mentor in real-time via live chat, video call, or forum.
- Courses and tutors can be rated and reviewed.
- Features Of A Basic Teacher’s Panel
- Registration is required.
- Create and manage a comprehensive profile.
- Adjust your account’s settings
- Schedule live lessons and push notifications for student engagement
- Check out the reviews and scores.
- Sort and respond to questions sent by students.
- Use email, audio, or video to communicate with students.
- Features Of A Basic Parent’s Panel
- Registration via social media or email is possible.
- Keep tabs on the students’ growth.
- Keep track of your progress on the course.
- Check assignments and test results with teachers via chat
- Manage your course subscriptions.
- Teachers and administrators will send out push alerts.
- Keep track of the students’ attendance.
- Look at the student leaderboard.
- Features Of A Basic Parent’s Panel
- Teachers and students could be managed from here.
- Organize your subjects and lessons
- Management of the student information system
- Manage the prices of subscription plans.
- Manage the content of the group
- View earnings and customer experience statistics.
Monetization Strategy For Your eLearning App
- In-App Advertisement
For smartphone publishers, in-app ads have proven to be an excellent monetization technique. Here, E-learning app companies are compensated for promoting a particular college, educational organization, or its facilities. Apps are a major indicator of smartphone use and, as a result, of global media consumption.
As a result, in-app advertisement becomes an appealing distribution channel for E-learning smartphone app companies. A desirable in-app ecosystem is created by sophisticated data monitoring and device tracking, which allows marketers to target users with high accuracy.
- Subscription Model
In this model, a simple app is open to all consumers at no cost and is sold as a freemium product. This strategy helps them to develop a deeper understanding of the app’s functionality and assess if it is the right match for them and which payment model to use. You may also send the full-featured E-learning application away for free for a certain number of days. Another option is to encourage consumers to use some aspects of the app for free before charging them for paid functionality.
For example, you might give app users free access to readable content, but they’d have to pay to watch videos, connect with the teacher, or download some content. Another suggestion is to encourage users to sample course material by allowing them free access to the first few lessons but charging them for the remainder of the module.
The aim is to make E-learning more enjoyable for the student. The paid edition of the app is softly driven after the customer has been accustomed to the free version. It can include features such as having your concerns cleared by professors, selecting your preferred teacher based on the topic, having a wider spectrum of learning history, early access to newly introduced courses, and other advantages.
- Featured Listing
Colleges and educational institutions pay e-learning application fees in exchange for the lessons they offer. These educational institutions, on the other hand, provide a second stream of revenue for these applications through featured listings. Since not all of the courses in an app are developed by the app’s founders, they provide instructional institutional courses created by top educators.
These institutions’ courses appear right at the top of the search bar when a student searches for courses on a specific topic. This is when colleges and universities offer these e-learning applications a premium to have their classes appear at the top of the course list. This, in essence, boosts the prestige of a certain institution, resulting in a win-win scenario for all parties.
- Certifications & Selling Courses
E-learning applications offer classes in a wide range of subjects and fields, allowing them to appeal to students interested in a variety of subjects and fields. When they give learning and qualification to a student in return for an enrolment fee, they begin the process of collecting revenue. After paying the fees, the student is given admission to a qualification course in a particular subject for a fixed period of time. The student gets a credential after passing this qualification course, which opens up a world of new opportunities for him, such as applying for a position he wants.
These e-learning applications also have videos of such courses on their websites, but they do not provide the fundamentals of a topic in such videos, and these in-depth fundamentals of a specific course are only included in their paid courses, which students would pay for. Online classes are a perfect way for e-learning apps to monetize their platforms these days. Within a day after launching an educational course, websites and applications produce a large number of sales. Financial security, customer base development by student enrolments and interaction with the course designer network are only a few of the advantages of this method of monetization strategy.
- eCommerce Integration
In recent days, e-learning apps have integrated commercial setups into their business models, and this form of monetization has proved to be very successful. Their website offers all of the stationery pieces as well as a number of other instructional goods. Students may purchase items such as markers, registers, pencils, papers, and directories from an online retailer. Books on different topics of interest to students are now available for purchase on the websites of these e-learning networks.
Cost Of Building Your eLearning App
The price of creating an e-learning smartphone app is determined by three factors:
- The app’s level of difficulty
Depending on whether it is fitted with basic features or advanced features, the cost of an e-learning smartphone app can range from high to low.
- The number of channels available
In contrast to an e-learning app that is loaded with two or three platforms, an e-learning app that is built on a single iOS or Android platform would cost less.
- Place of Application development
The cost of developing an app per hour varies by region; for example, in the United States, the cost is $150-$250 per hour; in Eastern Europe, the cost is $80-$180 per hour; and in India, the cost is $25-$50 per hour.
A simple app with minimal features will cost around $16000-$20,000, while a sophisticated app with all the bells and whistles will cost around $160,000-$200,000, depending on the features you want to add.
You’ll also need to weigh in post-development expenses, such as bug fixes, App Store publishing fees, emergency app repair fees, and app hosting fees, in addition to implementation costs.