How To Start Your eLearning Business
5 key steps you must take to launch your digital coaching business
eLearning as a market is a tremendous opportunity for all.
eLearning Market size is set to exceed USD 375 billion by 2026, according to a new research report by Global Market Insights, Inc.
How do you succeed in this eLearning Business Domain and monetize the knowledge?
“Successful people do what unsuccessful people are not willing to do. Don’t wish it were easier; wish you were better.”
— Jim Rohn
My mentors have always told me not to reinvent the wheel. They are right because when you do everything on your own, you make mistakes.
You keep learning and growing. This is the secret to success. But there is also a success hack that includes studying success of others.
Just watch why and how they are doing, and what they are doing.
“Take up one idea. Make that one idea your life — think of it, the dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success.”
— Swami Vivekananda
Decide on one idea. That’s it.
“Even if you choose to be a grass cutter, become the one unlike anyone else in the faraway places.”
Do you see what this is?
This is nothing but your unique positioning.
To start your eLearning business, you need to:
- Define the target audience.
- Understand the pain points of the customer.
- Understand the problem you’re solving in the marketplace.
- Define your unique positioning.
- Do your competitor analysis.
How will you generate money through this model?
Getting money is all about solving other people’s problems.
Become a problem brand.
Money can be generated by providing value to people through:
1. Live Webinars
2. Prerecorded Videos
3. 121 Coaching
4. Uploading your courses on a learning management system
Now take the following steps:
1. Choose an industry
2. Build a Sales Funnel
3. Create a course about your topic
4. Generate leads for your business
Write the key takeaways in a notebook.