LMS can give your business the boost it needs!
Many people go to school spending thousands for a degree. To learn through a systemized and culture-based institution is the norm to follow. The sad truth many realize after weeks and semesters passing that it’s not their dream career that they really wanted in the first place.
Today’s LMS or Learning Management Systems are providing the opportunity for industry professionals to share their knowledge and expertise with the world all through a click!
What’s an LMS?
A learning management system (LMS) is a software application for the administration, documentation, tracking, reporting, and delivery of educational courses, training programs, or learning and development programs. The learning management system concept emerged directly from e-Learning.
Below I have outlined how you can make a Power-Play move for your business by helping others while generating some serious income by doing what you love.
The problem: High cost and outdated information. The cost is extremely high today where education loans and personal loans are drowning people who want to advance their careers in life. Outdated information creates a gap in the practical implementation of knowledge resulting in a higher rate of unemployment and job hopping.
Solution: Learning Management System or LMS places the power directly into a businesses’ hand by providing a direct channel to candidates who are interested in learning the ropes from an industry professional quicker, easier, and less costly.
This allows the candidates to grasp a deeper insight into whether if this is a career path in which they’re passionate about taking or to keep searching for what lights their soul on fire.
The Real Opportunity:
Real Estate Scenario:
Let’s say you are a Real Estate Professional and you are looking to increase your exposure, build your reputation, and establish your authority as the “go-to-guru” and of course, generate more revenue. Many on-lookers who are interested in learning about Real Estate may not have the means or the time to sacrifice and go through the entire Real Estate Schooling process, especially if they’re unsure if this is something they’ll want to really pursue as a career in life.
With LMS you can now create a simple 5 to 10+ lecture-based course providing the basic information on the who, what, why, how, here’s what you can do now, type of content.
You can sell your course for whatever price you’d like on your website and other marketplaces.
Let’s do some quick math:
100 enrolled students X $200 admission = $20,000
Let’s say you did a really powerful course with some incredible material and you feel super confident:
100 enrolled students X $500 admission = $50,000
Let’s say you hired an awesome marketing team (Technerds.com) that was just able to do wonders and get you 5X the enrollment rate:
500 enrolled students x $500/admission = $250,000
The opportunity is ludacris!
This can be used for any specialization!
- Personal training
- Software developer
- Physician assistant
- Nurse anesthetist
Even if you’re already a successful business owner, like a medical professional, artist, or an attorney, you may have the knowledge and expertise that many others in your industry are seeking to help grow their own businesses the way you did.
All you need to do is create the course work and surface it to the digital world. There are many marketplaces you can promote your coursework and even on your own website as well.
Launching an online school or online courses can, of course, bring you a passive income or a truly impressive new source of capital, but it can also offer other multiple benefits to you and your business.
An online course can enhance your online brand/presence, by establishing you as a thought leader and a source for new knowledge. It can create a loyal following of your current clients, as the thirst for easily consumable information grows. Your white label school can bring more opportunities for new, profitable ventures by providing FREE online courses to attract potential clients and business lead as well.
In a knowledge society, where information is power, utilizing your expertise to teach others can bring an additional source of income, to both individuals and organizations, but also benefit the community by educating its members!
Is it really that simple?
No, nothing is really simple.
You will need to dedicate time, energy, money, spend hours on content creation, course work development, placing logical orders to formulate specialized course work.
Truthfully, everything boils down to you and who you select to be a partner on this journey.
I highly recommend having a partnership with an IT Company you can trust who will be there with you, who is transparent, who can guide you, who will be there for the long-haul and who actually know what they’re doing.
It may take a few times to get it right, especially if it’s your first time creating an online course. But, remember this is your own personal assets and brand that you’re creating. It can be re-used over and over and over again. After you do it once, you can continue creating more enhanced courses that can provide new information to knowledge seekers in your industry.
Some factors to consider are:
- Personal Brand Recognition
- Level of Expertise
- Training Content at hand (blog posts, books, videos/vlogs, audio/podcasts)
- Topic of the Course
- Size of your Audience
- Audience’s Income
- Market Size & Competition
Take advantage and pioneer in your industry as an Authority by building your own white-label school and funnel your knowledge through to help others and create a new source of income. You already have spent the time, money, energy investing in yourself, now its time to bring it to the world!
Learn more with my team at TechNerds.com about getting started on your LMS!
Did you read: How much should you pay for a Website?