Through existing training institutes
Posted: Sun Jan 19, 2025 5:29 am
Of course, other companies are also interested in the top talent that comes to the surface. That's why Udacity has about 350 business partners. A student who helps others online is a good predictor of his or her soft skills . By monitoring the online behavior of students, the company can better determine whether a student will fit well with the company culture.
Business models
There are several ways to turn a MOOC into a profitable business model. Taking a MOOC is basically free. So how can you still make money? One way is through certificates that you have to pay for. It costs €50,000-100,000 to make a nice MOOC with videos. If your certificate that you have taken a MOOC costs €200, this means that you need at least 500 paying students to cover the development costs. The concept is easily scalable and if there are many people who are willing to pay €200 for a certificate, this will quickly become profitable.
But only MOOCs from an institute with a good name and a topic that ukraine mobile phone number list is in the spotlight will be able to ask for a high amount. The other MOOCs will have to ask for less money.
Another way is to do it via the existing educational institutions. Coursera asks a number of universities in the USA for a contribution of $3,000 to develop a course. Then the first 500 participating students are asked $25 per student. In a scale decreasing to $15 per student. In this way the educational institutions are stimulated to have as many students as possible write. In this way Coursera develops into a publishing platform on which the various MOOCs are offered.
Another way is to make money from selecting talent. The companies that are interested in your students can help you make a good pre-selection. Because you monitor the online behavior of students, you can observe how they interact with their fellow students. It is said that this online behavior also has a certain predictive value for offline behavior.
Four challenges
In summary, one sees four challenges with MOOCs. The revenue model, accreditation of the modules, the high dropout rates and the authentication of students. Who guarantees that the MOOC is not filled in by the clever nephew? Finally, there is only an online check.
The benefits
With a MOOC you can instruct large numbers of students. MOOCs will be combined with regular education. For example for math and language tests, or as a kind of entry test for higher education. I expect that higher education institutions will work together to develop general modules.
In addition, a good MOOC has a lot of PR value for the institution . Prospective students can get an idea of the type of courses that are offered. Universities can generate interest in choosing a particular study program. I know a HAVO student who watches a MOOC on the law of the European Union during his summer vacation . He may later study law (in Leiden). For universities, large numbers of students are good advertising. And so it can also be seen as a marketing investment.
It remains unclear how MOOCs will develop in the long term. In a white paper by the Education Advisory board ' Understanding the MOOC trend ' an estimate is given of where the greatest impact on traditional education will occur.
In the coming years we will see an even greater supply of MOOCs. There will be a distinction between good and bad quality MOOCs. I am very curious how this e-learning branch will develop. These are interesting times.
By the way, when will the first Frankwatching MOOC be released?
Business models
There are several ways to turn a MOOC into a profitable business model. Taking a MOOC is basically free. So how can you still make money? One way is through certificates that you have to pay for. It costs €50,000-100,000 to make a nice MOOC with videos. If your certificate that you have taken a MOOC costs €200, this means that you need at least 500 paying students to cover the development costs. The concept is easily scalable and if there are many people who are willing to pay €200 for a certificate, this will quickly become profitable.
But only MOOCs from an institute with a good name and a topic that ukraine mobile phone number list is in the spotlight will be able to ask for a high amount. The other MOOCs will have to ask for less money.
Another way is to do it via the existing educational institutions. Coursera asks a number of universities in the USA for a contribution of $3,000 to develop a course. Then the first 500 participating students are asked $25 per student. In a scale decreasing to $15 per student. In this way the educational institutions are stimulated to have as many students as possible write. In this way Coursera develops into a publishing platform on which the various MOOCs are offered.
Another way is to make money from selecting talent. The companies that are interested in your students can help you make a good pre-selection. Because you monitor the online behavior of students, you can observe how they interact with their fellow students. It is said that this online behavior also has a certain predictive value for offline behavior.
Four challenges
In summary, one sees four challenges with MOOCs. The revenue model, accreditation of the modules, the high dropout rates and the authentication of students. Who guarantees that the MOOC is not filled in by the clever nephew? Finally, there is only an online check.
The benefits
With a MOOC you can instruct large numbers of students. MOOCs will be combined with regular education. For example for math and language tests, or as a kind of entry test for higher education. I expect that higher education institutions will work together to develop general modules.
In addition, a good MOOC has a lot of PR value for the institution . Prospective students can get an idea of the type of courses that are offered. Universities can generate interest in choosing a particular study program. I know a HAVO student who watches a MOOC on the law of the European Union during his summer vacation . He may later study law (in Leiden). For universities, large numbers of students are good advertising. And so it can also be seen as a marketing investment.
It remains unclear how MOOCs will develop in the long term. In a white paper by the Education Advisory board ' Understanding the MOOC trend ' an estimate is given of where the greatest impact on traditional education will occur.
In the coming years we will see an even greater supply of MOOCs. There will be a distinction between good and bad quality MOOCs. I am very curious how this e-learning branch will develop. These are interesting times.
By the way, when will the first Frankwatching MOOC be released?