By 2026, eLearning market size is projected to reach $167,5 billion, so there is no surprise that online learning solutions are on the rise now. eLearning is a promising niche for starups that opens up a lot of revenue-driving opporuntites, so if you’re an entrepreneur and want to create an e-learning platform, we’re here to help. This guide will walk you through the process of getting your platform off the ground and keeping it running smoothly.
Before discovering how to build an online learning platform and what type of software to choose for your business, let’s quickly discover a brief definition. An e-learning platform is a digital space where students can access courses and resources that are relevant to their studying needs and goals. Since these needs and goals can be pretty diverse, there are several types of eLearning solutions that can be classified in several ways.
In addition, there are also self-hosted and SaaS (software-as-a-service) eLearning platforms. The companies that develop eLEarning solutions for their internal goals (for example, employee training) usually host them on their own servers, while in the case of SaaS, anyone who paid a subscription fee can access the learning materials. In our recent article, we have also explained how to create a SaaS platform, and you are welcome to check it out as well.
Still doubt whether you have to create your own eLearning platform in 2023? Discover the main business benefits to do it.
There are three ways to monetize your eLearning platform.
Before you create your own eLearning website, decide on the feature set you have to develop for each of the user groups.
Now, let’s find out how to build an eLearning platform stage-by-stage, following the latest development practices and battle-proven approaches of Agile methodology.
The first stage is all about discovery. This is where you’ll get a good idea of the needs of your target audience, as well as what’s already out there in terms of similar products or services. So, think about what you’re trying to accomplish and why it’s important. What are the problems that need to be solved? What are the benefits of your product or service? Who is your target audience? What are their needs, desires, and goals?
After you have found clear answers to the questions above, you need to write a document that describes how your app should work. This document is called Software Requirements Specification (SRS) and it will be used by software engineers to implement the features described in it. It will also help you communicate with developers about what features are required so that you can make sure they don’t miss anything important.
The prototype stage is where you have to start building your online learning platform. This stage begins with an initial design of your site, followed by a functional prototype that will give you a sense of how the final product will function. The main goal of this stage is to create a wireframe (or mockup) of what the site will look like, including both the visual design elements as well as the functionality and interaction.
Once the prototype is ready, it is necessary to test it with real users and get feedback on whether they understand how to use the app and if they’re able to complete tasks successfully. If there are any issues with either usability or functionality, you have to make the corresponding adjustments and test a prototype again until everyone is happy with the results.
Once your developers have coded your platform, it’s time to test it before launch. Ensure that all of the features are working correctly and then, fix any bugs that may have been missed during the coding process. This step is crucial because it allows you to identify any errors before launching the platform and avoid those embarrassing moments when users report issues with certain aspects of the platform.
Once everything is ready to go live, you need to make sure that your platform is running smoothly and providing a great experience for users—and this is where post-production support comes in. We, at Binerals, are ready to support you at each development stage, sharing our expertise and suggesting pitfalls-free ways to make your eLearning project idea happen.
As with any other software, the eLearning platform development cost depends on the complexity of the solution you would like to create, the number of features you have to build, the complexity of the design, and the location of your development team. In the chart above, we provide an approximate breakdown of the cost to create an online learning platform in Ukraine, hiring a software development team at a rate of $50 per hour.
So, the cost to develop an eLearning platform is approximately $63,000 for an MVP version of a future solution. When planning your development budget, keep in mind that the final price tag to create an eLearning website or mobile app also depend on the software type and the technologies you use to develop it. Contact our tech team now for an initial consultation to get a better idea of how much your future eLearning app may cost.
eLearning is a very promising business niche, as it’s growing rapidly every year. The number of eLearning platforms is growing as well, making the competition more fierce. The only way to stand out from the crowd is to create an online learning solution of exceptional quality, tailoring its features to your target learners’ needs.
However, if you are an entrepreneur with little to no technical background, creating an eLearning platform from scratch will be a serious challenge. Here is where Binerals’ team can help by sharing our tech expertise and the best eLearning development practices. We have extensive experience in building enterprise-level solutions for edTech and eLearning niches. Our dedicated developers would also be happy to meet you right now and discuss your project.
You can find an idea for eLearning platform development in a variety of places. You can look at the market, and see what kind of products and services are already available, and how they compare to your own. You can also look at the industry you’re targeting, and figure out what needs there might be that aren’t currently being met by existing products and services.
There are several reasons why creating your own eLearning platform is a promising idea for both startups and mature companies. While the first can easily tap into the trendy industry with an innovative product, big organizations are welcome to give their employees a better way to train and/or attract new customers with high-quality educational content.
The choice of technology to build an eLearning solution largely depends on its type. For example, if you want to build an app for learning a foreign language, developing a mobile app makes the most sense. With it, the users will be able to learn on the go and in short iterations. More sophisticated solutions like LMS, virtual classrooms, or online course marketplaces are better to build on web technologies. Get in touch with our tech experts to discuss your idea and shortlist the most effective tools for your online learning platform development.
You can either build an in-house team on your own or hire freelance developers but opting for a dedicated development team is a smarter approach. In this case, you don’t have to worry about managing or training them; dedicated programmers already know how and what to do. Plus, they’re experts in their field, so they’ll be able to help you make decisions that will save you time and money down the road.
Creating an MVP for your eLearning app can be a big investment. Depending on what your app does, it may cost anywhere from $10,000 to $200,000. If you’re just testing out some ideas and don’t need anything too fancy, you might be able to get away with something simpler (and cheaper). In this case, you might only need to create a prototype or wireframe to test how people react to a certain type of interface.
But if you want to create something to impress potential users and investors, get ready for making a significant investment in advance. The location of your development team also matters for the cost to build an eLearning website. That’s why we kidnly recommend hiring highly-qualified Ukrainian programmers at a competitive cost.