Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

E-learning is the buzzword now. With the closure of schools and colleges due to the Covid-19 pandemic, online education is reaching greater heights. An American platform is making waves in the market. It is none other than Udemy. The Massive Open Online Course (MOOC) provider pocketed a revenue of $429.9 million in 2020. Entrepreneurs can also make it big in the digital learning industry now. They can launch an Udemy clone and get to the top spot soon.

What are the revenue streams offered by an online teaching app like Udemy?

Instructor fees – Trained teachers will have to pay a specific charge for taking courses on the platform. The fees would be different for students and employees of corporate enterprises. Tutors can also modify the flexible charges depending on the complexity of the subjects.  

Subscription plan for corporate enterprises –  Reskilling and Upskilling are crucial for workers. This will enhance their job prospects and higher income. Digipreneurs can offer monthly and yearly packages for organizations across sectors.

This will fetch an additional source of revenue for entrepreneurs. Likewise, enterprises can ask their blue-collar and white-collar staff to choose different courses and get their certificates after completion. Are there any special features for business firms? They can use options like a custom logo, APIs for courses and user lists, integration with Learning Management Systems (LMS) and 24×7 technical support.

Paid courses for students – Above all, Udemy offers 155,000 courses to 40 million wards. Primary, secondary, and post-secondary students can buy premium courses. They can check out the course material, duration, frequently asked questions (FAQs), and names of the instructors. They can process the transactions via credit and debit cards, mobile wallets, and net banking transfers.

Wrapping Up

With an Initial Open Offering (IPO) looming ahead, Udemy will try to increase its current valuation of $3.3 billion. The San Francisco-based platform also earned a revenue of $250.6 million in the first 6 months of 2021. The American e-learning app will aim to add more courses and enhance the learning experience. Entrepreneurs can also control the online education sector now. They can partner with an app development company now and come out with an Udemy clone soon.

Do you like Tom Oliver's articles? Follow on social!


Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe