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E learning business roadmap

  1. ROADMAP E-Learning BusinessBY PRINJU PRASAD Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections .
  2. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . Find the best Topics Come up with a profitable topic idea for our course There are three sources of inspiration I recommend for this: • Look at what’s already bringing us revenue. What are people paying us for? • Survey our audience, asking them questions like “what’s your biggest challenge with [topic idea that we’ve brainstormed]” and “what would solving this problem allow you to achieve”. • Find a gap in the market. Go on sites like Quora and Reddit, and, in the communities focused on our topic, search for terms that suggest that people are looking for a solution.
  3. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . Validate Market Demand Here are 2 ways we can validate the demand for our course topic: 21 Research our competition Competition is proof of market demand Ask with Audience • Ask our list of email subscribers • Ask our fans/followers on social media • Ask our past and/or existing clients
  4. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . Build Our Audience 1. Social media: Creating groups in facebook, participating in forums etc.. 2. Content marketing: Publish free content, this will also increase traffic to our website 3. Public speaking: Reach out to event hosts and organizers of conferences and seminars that our target audience attends. Offer to give a presentation on our topic. A major advantage of public speaking is we have the undivided attention of everyone in the room during our presentation, and that can be very hard to get online. 4. Email Marketing 5. Paid Advertisements: By utilizing advertising platforms such as Facebook, Google, YouTube, Twitter, and LinkedIn, you can target people based on specific criteria including demographics, interests, search terms, job titles, and more.
  5. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . Create A Course The process to create course: 1. Choose our course title and subtitle 2. Create a lesson plan (course outline) 3. Choose our lesson types (audio, video, text, etc.) 4. Create/record our lesson content 5. Edit our lesson content 6. Set up our course website 7. Choose a price for our course 8. Create assignments, worksheets, quizzes, and/or discussion boards for our students 9. Customize welcome emails and completion emails for our students
  6. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . Create a “Minimum Viable Course” 1. Create MVC as quickly as possible so we can publish it and get real feedback from real students. Based on their feedback and other important data (such as course completion and engagement rates) we can remove training, add training, and make revisions to our course to make it better 2. We should promote MVC to a small segment of our audience at a lower price than what we eventually want to charge for our course. If we do promote MVC to our entire audience, consider imposing a limit on the number of students that can enroll in it. Once we hit our goal, we temporarily close enrollment for our course. 3. In exchange for accessing our course at a reduced price, we ask our students to provide us with feedback to help us improve the course and testimonials to use in our future marketing. 4. Based on the feedback from our students, we can
  7. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . How to choose a price 1. Do not price your course based on its length: Price our course based on the value of the content, not the length of the content. If we can teach someone to get the result they want with 3 hours of instruction, don’t create 7 hours worth of training. 2. Do not ake a look at your competition : Price our course based on the value we provide to our students through our training and support, and the value of the outcome we help them achieve. Do not choose our course price based on the price our competitors are charging for their courses. 3. Consider the cost of your customer’s alternatives: If not by taking our course, how else would someone learn to achieve the outcome our course helps them achieve? How much money would they have to spend to hire a trainer or consultant to help them? How much would it cost them to take a similar course at a local institute? 4. Test different price point: Start with a low (but not
  8. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . Ways To Increase Student Engagement & Retention Rates:1. Gamify the learning experience: Create incentives and offer rewards to our students for achieving specific milestones in our course. 2. Help your students be accountable: Pair them up with an accountability partner, offer 1-on-1 or group coaching calls with our students, or create a private group or discussion board for them to interact with each other. 3. Appeal to different learning styles: Utilize different media types to deliver our content (text, video, audio, worksheets, quizzes, etc.). 4. Create small, bite-sized lessons: Shorter lessons are more likely to be completed by students than longer ones. If it takes us a while to teach a specific concept, try breaking up the concept into several shorter lessons. 5. Send reminder emails to our students.
  9. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . Marketing Plans 1. Slideshare, Buy Banner Ads, Post Ads and live videos on Youtube, facebook, Instagram. Record videos in Google hangout & youtube. Share infographics on Pinterest 2. Buy shoutouts on Instagram accounts. Buy Tweets or Facebook Posts on Fiverr. 3. Translate our course into another language 4. Create an affiliate program: Let other people promote our course for us in exchange for a percentage of each sale by creating an affiliate program for our course. Reach out to people who have audiences that would likely purchase our course and ask them if they would be interested in promoting our course as an affiliate. 5. Participate in Forum discussions, check posts in quora 6. Create a free email course
  10. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . Acquire Team Hiring for • Web Develpors • Content creation • Content editing • Marketing and advertising • Branding • Accounting, etc
  11. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . 1)Promoted by instructor Instructor can promote his course by sharing the link and coupon code assigned for his/her course. In this case for each purchase the instructor will be paid 70% of the revenue 2) Promoted by our website If a course is purchased thru online promotions done by us, then the instructor will be paid 50% of the revenue Instructors can track all incoming sales in their Revenue Report. The report includes the date of purchase, student name, revenue channel attribution, total price paid and his/her revenue. Revenue Share
  12. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections . Business Projection (Create a target projection) 1st Quarter Revenue: Rs No of Sales: 2019 2nd Quarter Revenue: Rs No of Sales: 2019 3rd Quarter Revenue: Rs No of Sales: 2019 4th Quarter Revenue: Rs No of Sales: 2019
  13. Topic Demand Audience Content MVC Pricing Retention Marketing Team Revenueshare Projections .
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