Factors that Determine eLearning Costs

Enyota Learning

Several factors impact the overall eLearning costs of your project: Volume. The duration of courses and the number of course elements have a major role to play in determining the eLearning costs of your project. The size and type of your course can impact the overall cost in a large way. Hence always include only the essentials to keep your costs under control. A highly interactive course can cost almost two times as much as a basic eLearning course.

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eLearning too Expensive? A Solution for Every Budget

Bottom-Line Performance

Some companies think the cost of eLearning is ONLY driven by the quality of the images, audio, visual, and complex interactions. Therefore, a stripped down course with minimal aesthetic value will be the most cost-effective. But while adding multimedia to an eLearning course will increase the cost, this is not the main contributor to eLearning cost. Let’s look at the characteristics of a “low budget” and “high budget” course, shall we?

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How to Get the Greatest ROI from eLearning

TOPYX LMS

The good news is that there are clear-cut answers to most questions regarding the confusing subject of ROI of eLearning. Does eLearning have a good ROI? Not every type of ROI is measurable. The first step in measuring eLearning’s ROI is determining what the initial investment will cost. The price of an LMS is a huge consideration in determining the overall cost of the initial investment into eLearning.In This can have a sizeable effect on an ROI.

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Proving ROI in Training

eLearning Blender

The company I work for has a tight grip on the training budget this year and if I want to make eLearning a priority in future budgets I need to make the ROI on eLearning obvious. By doing that I could easily point to the salary of the trainer and the cost of paying our employees to leave the store and sit through training. This would result in a large amount of money that I could point to as ROI and hopefully this would cause some alarms to go off among the VP's.

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One small step for eLearning, a giant leap for the company

eLearning Blender

Now that I am on a shoestring budget I have been making more of an effort to find low cost solutions to implementing eLearning. I think that by using Quia assessments and games along with power point shows, reading assignments, and conference calls we can construct a low cost distance education course. By doing something simple that has a positive ROI I can begin to win the VP's over and make eLearning a priority in next year's budget.

8 Ways to Cut Costs on your Next Compliance Online Training Course

TalentLMS

Are you trying to stretch your budget and improve online training ROI? Here are 8 ways to cut costs on compliance online training courses. How To Cut Costs On Your Next Compliance Online Training Course. Outsource time-consuming or costly tasks. Invest in a rapid eLearning authoring tool to gain access to eLearning templates, themes, graphics, and other online training assets that allow you to cut costs. Outsource time-consuming or costly tasks.

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Serious Games

eLearning Blender

If you have read my previous posts Proving ROI in Training and One small step for eLearning, a giant step for the company you know that we are focusing on improving product knowledge amongst our sales staff. One of the methods I decided to implement to improve this deficit in product knowledge is online games. Luckily I don't work for one of those organizations scared of the word “Game” so I did not have to overcome that objection.

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Chronically Underfunded E-Learning

eLearning Blender

Senior Management recognizes e-learning as an opportunity for our training dept to take a giant leap forward and more importantly, achieve a better ROI on our training efforts. I'm hoping that this book leads me to the promise land of effective e-learning at the low, low, price of FREE Until recently I was working with a decent budget and the broad guidelines of getting us started on e-learning.

We Need a Wiki in a Wiki

eLearning Blender

After I finish this initial project it should be easier to prove an ROI for other projects. It's obvious that a Wiki would be a great help in my organization. A few years ago we started using SharePoint and now we are SharePoint junkies. The problem is that our SharePoint intranet has grown so immensely that it is now difficult to find information you need in a pinch.

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ROI: E-Learning on a Shoestring

Kapp Notes

I talk to many clients who wonder how they can afford to develop and deliver e-learning when budgets are being cut, staffs are being reduced and the cost of e-learning development software keeps rising. She has written a book titled E-Learning on a Shoestring which describes how you can implement low cost solutions to cover basic e-learning needs.

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Employee Education ?May Cost Too Much

CLO Magazine

They were part of a company’s learning function, experts who could reduce tuition costs and evaluate curriculums and institutions offering degrees to support business objectives. Without the expertise of an academic learning specialist on the CLO’s team, there exists a real “buyer beware” problem, which could cost a company and its employees too much. The important figure is the cost of the degree, not the cost of tuition.

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Measurement Matters: 3 Data Analytics Lessons to Remember

Talented Learning

The complexity and cost of real-time reporting put it far out-of-reach for all but the largest and wealthiest organizations. In fact, with nearly instant data so widely available at such a low cost, it seems that yesterday’s time-to-insight advantage has nearly evaporated. Although I’ve spent my entire career in marketing and communications, measurement has never been far away. I’m not a natural-born statistics nerd.

3 types of games for Corporate e-Learning

QuoDeck

where the cost of physical training is very expensive. These games have a high ROI due to their simplicity, low cost of deployment, ease of embedding new content and use of existing infrastructure such as desktop/mobile devices. There are many games available based on the eLearning objective of the organization. The 3 most effective games are. Simulation: The complexity of these games varies widely.

Using Assessments Effectively in eLearning

JCA Solutions

The popular term is Return on Investment or ROI. Assessments can be one of the ways we determine our ROI. Most everyone does this, however, because it is extremely low cost to implement and gather data. Blog assessments content eLearning evlauation learning management system quiz ROIAssessments Mean the Difference Between Training and Learning.

The Lesser-known Benefits of Outsourcing E-learning to India

CommLab India

Choosing an Indian e-learning vendor can result in significant cost saving for companies. According to a research by Bersin by Deloitte , online course development in India could cost 20-40% lesser, when compared to the other countries. This is because India is still a developing country and the labor cost is quite low when compared to the developed countries such as US and UK. While cost is a huge factor in outsourcing , it’s not the only thing considered.

Online Marketing for Elearning Part III: Advertising

LearnDash

Content marketing is low cost but highly effective. Finally, have a way to track the ROI of your advertising plan. Are you ready to put some money behind your marketing? Here’s how to start. For many online educators, especially those who are starting out on a small budget, the concept of putting money behind an advertisement can feel like a big risk. They would much prefer to continue with their content marketing strategy —and for good reason.

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Tony Bingham Opening Session #ASTDTK12

Learning Visions

Getting started: think mobile (design for the device) realize small successes – don’t expect overnight transformation find an executive sponsor partner with IT and others use low cost software tools available today (yammer, etc.) Drive IMPACT vs. ROI Govern lightly. These are my live blogged notes from the opening session at ASTD’s TK12 in Las Vegas. 2012 is the year of collaboration. Why now? Opening video produced by video – Search on in 2011 – the year in review.

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Ultimate eLearning terms you should know: Part 2 (M-Z)

LearnUpon

Companies should be wary of the value a “free” learning platform can deliver and alert to the costs quickly accrued in maintaining, updating and supporting an LMS without a vendor. Despite its low cost and flexibility, Moodle’s weaknesses can make it a costly choice for companies with conflicting needs and requirements. ROI (return on investment): A ratio of the profit accrued by an investment versus the cost of the investment.

Confused with learning technologies? Choose your best option

CommLab India

It is important that you should make use of the latest technologies to build efficiencies and get better ROI. Open-source application: Now a day most organizations both corporate and non-corporate are looking for open-source applications because of onetime cost, quick setup, low cost, user-friendly, and highly customizable. Outsource: You can outsource eLearning development to experts to create high quality courses in lesser time which can save development costs.

Learning Pool Selected as Online Training Partner for Expanding Workforce at Global Shares

HT2 Labs

Learning Pool has won new contracts with several financial services organizations in the last year; proving that our class-leading portfolio of products, whether acquired individually or as a pre-integrated learning solution, is appealing to an ever-broader range of customers who need to balance the best learner experience with low cost of ownership and a strong ROI.”.

3 Reasons to Use Serious Games in Training to Increase Workforce Engagement

Coreaxis

Cost effectiveness. Serious games are cost effective in that they can be used over and over again. There is an upfront cost in obtaining or designing them, but they are scalable after that and can be distributed throughout the entire organization to be used ad nauseam. The more they do that, the more knowledgeable and productive they’ll become, at a low cost. Serious games are one of the fastest growing trends in corporate training.

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Learning Pool Selected as Online Training Partner for Expanding Workforce at Global Shares

Learning Pool

Learning Pool has won new contracts with several financial services organizations in the last year; proving that our class-leading portfolio of products, whether acquired individually or as a pre-integrated learning solution, is appealing to an ever-broader range of customers who need to balance the best learner experience with low cost of ownership and a strong ROI.”.

What is eBook DRM and Why Do Publishers Need it?

Kitaboo

First, publishers gain from reduced costs of publishing. It is relatively simple to publish an interactive eBook, and once published, you can make any number of copies you want at no additional, or minimal, overhead costs. Increased ROI.

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Help Members Overcome Obstacles to Learning

WBT Systems

Then, some fall behind or get a low grade on a quiz. Hook someone on learning with free or low-cost content and programs. We make time for what we value—or what our community tells us we should value—as long as the ROI is high enough. Did you encounter any obstacles getting here? Probably not. Or, you didn’t notice because you’re a learner.

5 reasons startups should embrace eLearning

TalentLMS

At no, or at a very low cost, anyone can have access to a subject they are personally interested in, from History of Art to Big Data or Game Theory – courses offered by universities such as Harvard, MIT and Stanford on platforms like Coursera, EdX, FutureLearn, Iversity and Udacity. It can help your employees stay up to date with legislation, broaden their minds, improve their skills and stay motivated; and all the above at a very low cost with great ROI.

How (and Why) to Drive Informal Learning with Video

Allego

It’s the type of education that every organization benefits from—it’s low-cost, low-stress, and it’s employee-driven. To measure the value of informal learning, employee engagement, and ROI, a first step is to simply poll the reps.

How Rapid Authoring Tools Meet Evolving Online Learning Needs

CommLab India

Demand for low cost courses. Instead, they now seek utilitarian courses that satisfy their learning needs at a lower cost. An increase in development times and the need to hire programmers will impact the cost of the development. Maximization of the ROI on training. Rapid authoring tools are ideal when the demand is for low cost courses as they cut down the cost of e-learning development by 50% 2 compared to the traditional methodology.

Leadership development is creating a dilemma

CLO Magazine

To achieve success requires leaders to be effective in delivering on five levels of outcomes, including impact and ROI. Six months before he was fired, HSBC’s full-year earnings were worse than expected, in part because costs were outweighing revenue growth.

The Advantages of DRM in the Publishing Industry

Kitaboo

You can publish content online with reduced costs and once published, create as many copies you want or even modify or remove with minimal overhead costs. Increased ROI. We all know how simple and easy it is to distribute and share content on the Internet.

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How do you price online training courses

Elucidat

In this article, we look at three pricing strategies and examine how a number of successful organizations price their training products and get a good ROI. Too high and you’ll turn off certain audiences and may not sell enough to cover your costs. Too low and you might not attract the right audience or get good return for your investment. It’s key you know what are you going to sell, how many will you sell, who will you sell them to, and what the cost of delivery is.

5 Reasons Buying a Villa in Sharjah is a Wise Decision

Learnloft

When compared to Abu Dhabi and Dubai, the living cost in Sharjah is on the lower side. This also includes the cost of buying property. The ROI will not be as high as it is in Dubai or Abu Dhabi.

Part III : Where Are You with Your Blended Learning Strategy?

CraneMorley

Along came the internet and duplication, packaging and shipping costs gave way to low-cost digital delivery on the internet. For many companies developing simple “page-turner” eLearning courses, the loss of Flash and the addition of authoring tools only lowered costs and shortened development time. At the end of the year, roll up the data to demonstrate “Training’s ROI”. Part 3 of Part 4.

Why MOOCs? Why Now?

Your Training Edge

Institutions and organizations are spending a lot of money on education, but in terms of job skills, they are seeing very little ROI. MOOCs offer a way to decrease costs and (when done well) also improve learning. With McKinsey expecting that by 2020 a college education will confer a 300 percent salary advantage, this means a lot of people will be looking for low-cost options for education. “MOOCs will destroy education!”.

Part III : Where Are You with Your Blended Learning Strategy?

CraneMorley

Along came the internet and duplication, packaging and shipping costs gave way to low-cost digital delivery on the internet. For many companies developing simple “page-turner” eLearning courses, the loss of Flash and the addition of authoring tools only lowered costs and shortened development time. At the end of the year, roll up the data to demonstrate “Training’s ROI”. Part 3 of Part 4.

The 50:50 learning model

CLO Magazine

According to our research, there are a variety of low-cost (or even free) and out-of-box training initiatives that startups can take advantage of and provide for their employees. Additionally, when you are in the startup phase there are not enough people to train to give you ROI on a formal course. One of the best low-cost and easy-to-implement training solutions is social learning. Corporate L&D is a key component of any business’s overall strategy.

The 5 Investments Your Company Should Prioritize

KnowledgeAnywhere

Investing on an LMS website is a low-cost high-reward venture that will enable your organization to view training reports and data to monitor the growth and development of your employees. Best of all, it is cost-effective and proceeds a long way past the time you put into a campaign.

Tony Bingham #ASTDL20 keynote

Learning Visions

Robert Niblock, Lowes – employee engagement is critical – engagement is as important as knowledge Most CEOs say that they feel the cuts that they made and we’re still doing ok. Start slow and gain understanding Find an executive sponsor Identify a department that’s interested in it Partner with IT and compliance Use low cost software tools available today IMPACT vs. ROI Govern lightly. Today I’m at ASTD’s New England Regional Conference: Learning 2.0

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Your Bottom Line: 4 Ways to Pitch Degreed to the CFO

Degreed

When she asked me how we calculate ROI for this thing, I asked her the same thing. Degreed offers a fast, simple implementation process in the cloud, and can reduce IT costs associated with ongoing maintenance and future learning implementations. One Degreed customer had 200 custom learning portals, which was becoming increasingly difficult for IT to manage, and cost prohibitive.

Free learning & development webinars for June 2021

Limestone Learning

PT: Why Performance-based, Results-focused Instructional Design is Critical to Delivering Training ROI and More This presentation, hosted by Darryl Sink, President of Darryl L. Perhaps the only opportunity you may have is to show the value for the project compared to the cost.

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9 of Your Customer Service Training Questions, Answered

Continu

Of course, that convenience comes with a drawback: cost. Hiring a consultant or training firm to come to your workplace and train your employees can cost tens of thousands of dollars. Many companies are happy to pay this cost if it improves performance and doesn’t require them to hire an entire department of trainers and coordinators. All of this talk about the cost of customer service training might have you wondering: does it pay off?