Since the COVID-19 pandemic started, there have been big changes in the school business. Nowadays, learning is more than just going to class, taking notes, and doing homework. It’s about being able to think critically, be creative, and connect with others.
Thanks to progress in technology and the internet, things that were once only possible in a school can now be done from anywhere in the world.
Online education apps have changed the way schools work and made it easier for students to learn new things and get to school from anywhere, at any time.
E-learning apps like Coursera, Udemy, Lynda by LinkedIn, and others are easy to think of.
Those names all belong to a subgroup called MOOCs. Huge Open Online Courses (MOOCs) have been a big part of the change from traditional classes to online ones.
MOOC apps are very popular with students and teachers all over the world because they have many useful features. Such apps also help train and keep an eye on students from afar while keeping the learning going. Because MOOC apps are becoming more popular, this is one of the businesses that has grown the fastest in a very short time.
We will learn about the different parts of the MOOC market in this piece, such as its current and future state, funding in the field, and the biggest players in it. In the end, we’ll talk about how much it costs to make an app like Coursera and look at both the technical and financial sides of it.
Table of Content
- The MOOC market now and what the future holds
- The big players in the MOOC market
- What MOOC apps like Coursera must have
- Technology Stack for Apps Like Coursera and Udemy
- Cost of Making a Mobile App Like Coursera
- How does content-sharing apps like Coursera make money?
- How does Appic Softwares help with making apps like Coursera?
The MOOC market now and what the future holds
More money has been put into mLearning and MOOCs recently.
The market situation you just saw has not only brought in new players, but it has also made people more interested in investing.
That these MOOC sites make things easier for both students and teachers around the world, both in terms of time and money, is something that investors have noticed. A lot of funding rounds have been happening in the edutech platform, which has kept the momentum of app builders who make apps like Coursera strong.
Let us take a look at some new ones –
- In 2021, SoftBank and Accel led a round of $650 million in Series E funding for Emeritus, a U.S.-Indian company that works with colleges to offer digital courses.
- In 2020, Udemy raised $50 million in a Series F financing round. The company has more than 130,000 online classes, ranging from business analytics to meditation lessons.
- A total of $461.4M was raised over 12 rounds for MasterClass, a platform for online video classes taught by famous people in different fields, such as Martin Scorsese and Serena Williams, on everything from film directing to tennis. The last money they got was from a Secondary Market round on July 22, 2021.
- The Singaporean company Temasek Holdings led a $440 million round of funding for the Edutech start-up Unacademy in 2021.
- These rounds of funding are just a sneak peek into how big the MOOC market is and how mobile apps are changing the future of education, especially for schools that are going through changes.
The big players in the MOOC market
Coursera is the most downloaded app in its category, but it’s not the only one that people use. There are a lot of other apps in the same category that keep things going.
So, let’s look at some other well-known names in the field besides Coursera before we get to the split of how much it costs to make a mobile app:
The names we just saw that are popular in edutech and MOOCs are not limited. The list is always getting longer, and more and more names are entering the market to try their luck in this growing area.
Even though there are a lot of companies in the edtech market, the features that the e-learning platform has been getting investors and end users’ attention are what make it stand out. The general cost of making an e-learning course is also affected by the features it has.
So let’s not waste any more time and get right to it.
What MOOC apps like Coursera must have
We’ve listed some of the most important features that any MOOC app like Coursera should have in this part. Read about these features carefully to make your app easier for people to use and understand:
A. Search, Filtering, and Recommendation
First and foremost, this is the most important step in making e-learning software. Every e-learning platform, including websites and apps, has a huge list of classes that need to be able to be searched and sorted properly. Users should be able to find the lesson they want in more than one way –
- Type the word into the search bar.
- Based on main and secondary groups
- Using filters and grouping to get suggestions
B. Lists of Stakeholders
Top mobile app makers will tell you that when you make an app like Coursera, you will need to make room for three profiles: Student, Teacher, and Admin. Now, let’s look at what each of the three should have –
The user’s profile –
- Information about you and your payments
- List of studies being taken or finished
- Details on the points, credits, or certificate that were won
- A record of sales
- To Do List
- Setting up a profile
- Choose “Contact Admin”
Profile of a teacher:
- Information about you and your payments
- Make classes and turn them in
- Dashboard with information about their lesson that was interesting
- Choose “Contact Admin”
Admin Page –
- Change the users’ blacklists
- Change classes
- Get reports with data
- Give the users jobs.
- Help with making changes to my membership plan
- Take care of the message and alerts
C. Making the course
There should be a tool built into the app that lets teachers make a course, quizzes, surveys, and other materials. It should be possible to do many things on the platform, such as planning the structure of a course, writing scripts, and adding slides, videos, text, coding tasks, quizzes, PDFs, audio files, and more.
D. The dashboard
The teachers should have access to a dashboard that lets them keep track of many actions and learn useful things.
A dashboard usually has details on –
- Course details
- Keep an eye on the number of students, conversions, and money made.
- What the kids want to know is given.
E. Course Information Page
Each lesson should have its own page where all kinds of features and information can be added. Things like these should be on the page:
- A summary of the course
- Details about the author
- The directions for use
- What you need to study for the course
- Length of the course
- A review and rating
Even though this was about the course detail page, the course itself should have pre-recorded videos, subtitles, quizzes, homework, a discussion area, and maybe even a game-like element to get people more involved.
F. Gateways for payments
Because the two most common ways for a MOOC app like Coursera to make money are by charging for courses and certification, you will need to know everything there is to know about how to integrate a payment method in order to figure out how much it will cost to build an e-learning platform. The app can support more than one way to pay, such as debit and credit cards, net banking, UPI, and P2P payment systems like PayPal, Venmo, and others.
G. Getting alerts
Notifications are one of those important mobile app design tips that increase sales, which we’ve talked about a lot of times before. You should build in a way for people to get notifications about things that interest them so that they are always up to date.
H. Part of the app that deals with business
Even though this function needs to be added much later, it will allow companies to give their employees learning materials. With an Application Programming Interface (API), you can let the partner company know about how the employee is learning.
- Writing down progress
Add a way to keep track of success to help users and students stay on track and reach their goals. Users should get personalized screens with a progress bar and a quick look at the next week’s study material and tasks for each course they sign up for. Your app should let students go straight from the screens to the next level of their course. This will save them time in the long run.
After going over the different features that your app needs to have, let’s take a look at the technology stack that goes into making an app like Coursera.
Technology Stack for Apps Like Coursera and Udemy
This is the stack of technologies that apps like Coursera and Udemy are built on. It’s another important thing that drives up the general cost of making an e-learning app.
Web Server: Nginx Storage: Amazon S3 Database: Amazon’s Relational Database Service, MySQL Search: Amazon CloudSearch, Elastic Search
We’ve talked about the technical and business sides of making an educational app like Coursera. Now we’ll answer one of the most common questions: How much does making an app like Coursera cost?
Cost of Making a Mobile App Like Coursera
The cost to make a Coursera-like mobile app will be between $76,500 and $103,000 if you want to include the features we talked about above and keep the technology stack the same.
This is the exact starting amount, but the estimated cost of developing an app will go up as you add more features, such as AI, high-end animations, or blockchain.
How hard it is to make your Coursera-like app will also affect how much it costs to create. You’ll have to pay around $40,000 to $60,000 for a simple app. The cost of making a medium-sized app can range from $60,000 to $150,000. It costs around $300,000 to make complicated apps.
Before you start making apps for schools, make sure you talk to a reputable company like Appic Softwares to get an idea of how much it will cost to make a great app.
A formula to figure out how much it will cost to make an app like Coursera
If you don’t want to talk to an app development company just yet, you can use the method to get a rough idea of how much it will cost to make an app. It takes into account the number of hours spent on making the app and multiplying that by the billable hours of the resources used during the whole process.
Now that you know how much it costs to make an app like Coursera, let’s look at the different ways you can make money from it.
How does content-sharing apps like Coursera make money?
Now that we’ve looked at a few different aspects of making MOOC apps like Coursera or Udemy, it’s time to talk about how to make money off of your e-learning app.
Here are a few common ways to make money with Coursera mobile app development. You can use them alone or together to give your customers more value and make more money. Allow us to now examine what they are.
A. Payment Certificate
A course award is the main thing that draws students to eLearning MOOC sites like Coursera and Udemy. Students will gladly pay for diplomas because the price is much lower than what a full-time college would cost.
B. Making a choice
Subscribing is a popular way to make money on the MOOC platform, and it quickly covers the cost of making an app like Coursera. Students are asked to sign up for the app for free for a set amount of time before they are asked to pay to finish the course.
C. Affiliate marketing’s
platforms, both new and old, can make a lot of money with it. Brands can make a lot of money through partner marketing. All they have to do is add an Amazon link to their course and then send people to that link so they can buy the book.
D. Learning at Work
You can keep corporate learning as a business goal for the future, even though this step won’t show effects until after your app has been out for a while. For that reason, it is thought that business learning mobile apps will play a big part in 2022. Each of Coursera and Udemy already has its own business learning package, which lets it charge based on the number of users in a group.
How does Appic Softwares help with making apps like Coursera?
We have worked on a number of cutting edge e-learning tools at Appic Softwares to assist companies in making apps that will attract more customers and make them more money.
For example, you can look at how we helped Nova Learning build a blockchain-powered digital learning system that is changing the way education is done in a good way. To make learning easy for both students and teachers, our team made a tool that is simple and easy to understand.
The color, type, and size of the app’s icons, as well as everything else, were all chosen to keep things simple and clear.
Our team is currently working on creating digital currencies that students could use to pay for courses on the site. We are also working on a game-like index that will use crypto awards to motivate users in a number of different ways.
So, if you want to make an e-learning tool for your business too, you can hire Appic Softwares or another reputable education app development company. Our experts will help you through the whole process and make it easier for you to make an app.
Appic Softwares lets you make an app like Coursera. At Appic Softwares, they teach people how to make educational apps that use the newest technologies, such as ReactJS, Flutter, iOS, Android, and many more.
So, what are you waiting for?