The online education trend is likely to continue until the end of the decade, which might change the existing landscape completely because of the need to cater to new set of audiences emerging from the online education boom such as students from small cities, students without awareness/exposure, and professionals that missed opportunities. With shortage of classroom teachers across globe, people that can create online course would have a massive advantage in this decade.
Statistics And Facts
Digital learning is the term used to refer to all online educational practices. Earlier projections showed the e-learning market worldwide would surpass 46 billion U.S. dollars of sales in 2016. Now, according to a research report by Global Market Insights, the e-learning market size is set to exceed USD 375 billion by 2026.
Post Covid-19, a significant share of faculty worldwide has implemented the digital education models. About 65 percent of faculty still supports the traditional open educational resources (OERs) in teaching, which is likely to be replaced with skill & competency-based education system, focusing on the 21st century skills.
Key Benefits Of Online Courses
The key benefit of creating an online course helps you to earn money apart from your daily routines. The five reasons why you should create your own online course is listed below:
Online education/coaching is the top online business in 2021.
Online course gives you passive income, helping you to switch to hourly based payments.
Great lead generator, with many referrals and repeat customers.
An online course gives you credibility.
An online course helps you build personal brand, get your message out there and touch people.
Create online course – A new revenue stream to your business.
The most evident benefit of creating an online course is that you can make money selling it. If you have a skill, a passion, an audience, or content that people want, then selling it as an online course is a great way to generate revenue.
Creating an online course gives you passive income.
Another benefit of creating an online course is that it lets you earn money no matter what you are doing.
Creating an Online Course to generate leads!
Publishing articles or sponsoring updates with a little creativity on the site is an important strategy. Also, start building up a web presence to help you reach any potential clients who require details about the course.
Creating an Online Course Gives You Credibility!
Review your website and add credentials, testimonials and additional information to enhance your business’ credibility and authority.
Using an online course to help spread your message!
Don’t get discouraged or distracted from the values and mission when you gain a certain level of publicity as you’re going to have haters. You’ll gain respect from those around you if you are true to your belief and create online course from your practical experiences.