The market for online courses is big and profitable and it’s growing fast with the ever increasing demands of the knowledge driven economy. The global interest in lifelong learning and the development of professional skills has pushed the knowledge economy one step further.
According to a 2020 research report on global E-learning Market is expected to reach $374.3 Billion by 2026. The global E-learning Market is expected to grow at a compound annual growth rate (CAGR) of 14.6% from 2019 to 2026 and no wonder why. Its expansion has its roots in the benefits that e-learning offers ranging from more flexibility in the process of learning, lower costs, easy accessibility and increased effectiveness by animated learning.
This flourishing ‘movement’ provides an opportunity to upcoming entrepreneurs to get paid by sharing their knowledge. An ‘edupreneur’, which is the new term for the educational entrepreneur, is someone who plans, opens and successfully operates an educational service. The role of today’s edupreneur is to educate the public, whilst teaching on a specific subject or helping them to develop a specific skill.
Why create a course?
Creating a course and setting up an online school is much more rewarding than starting a business – needless to say, much easier too. As many established edupreneurs say, online courses are flexible, fun and profitable and offer the best business model.
Becoming an edupreneur is great because you don’t need any credentials or certifications to create a course. All you need is some experience, passion and knowledge in the subject you teach. However, you would need to come up with a purpose for the creation of your course to make sure that you will provide value to the rest of the world. This way, you get to sell what you teach whilst at the same time working on what you enjoy the most – your passion project!
Not sure if creating courses is for you? Let’s take a look at all the benefits in more detail…
1Make an impact by reaching a wider audience
When working online, you have greater chances of expansion and increasing your audience. Like any other type of business, you need the online means to create and launch your project, to develop your idea, and share it with others just as easily. Growth mentors around the world recommend maximizing technology to build influence and communities. Online visibility works as an advantage because it allows you to promote and sell your courses to the rest of the world.
2Earn a passive income
An online instructor has the potential to create a course and sell it over and over again. If you choose to become one, you can expect to get paid for your knowledge and create a source of passive income. Once you become a course instructor, you start earning money while on the autopilot. So regardless what you do, be it gardening, traveling or sleeping, you keep earning and attracting students who are potentially interested in your course.
The market for online courses is big and profitable and it’s growing fast with the ever increasing demands of the knowledge driven economy. The global interest in lifelong learning and the development of professional skills has pushed the knowledge economy one step further.
3Easy management
In an era where learning is becoming more accessible, you are given the opportunity to create something from zero and build an online school completely from scratch. Literarily own your landing page and crush your sales goals. As such you can enhance the learning experience, add/remove and update existing material aligning it with the needs of your students just in a few clicks.
4 Geographical independence
Our digitally-driven world provides the possibility to work from anywhere as long as you have a laptop and an internet connection. This means that you are not bound to a specific location and you can set up your online academy at any part of the world, and still get to promote and sell your courses to an international market and reach people from other countries.
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