Online courses have gained much exposure in the education sector in the last few years, especially during the onset of Covid when the world was in lockdown. Ever since the world started to go digital, online education has played its effective part. Online course selling platforms came up with exclusive courses to help global aspirants reach their goals and make good use of their time.
One of the very significant tools that stood out during this phase and is contributing at large in current times is the learning management system. Many schools, top education brands, institutions and even corporate brands have relied on this management software or educational erp to operate their key operations online. In this article, we will analyse some of the pricing features of an LMS.
How much does an LMS cost? If you’re into education and training and looking to have a clear answer to this question, this is the perfect place for you.
What is an LMS?
In case you got a taste of it, the basics of LMS aren’t unknown to you. In case you’re a beginner, you need to know a few things about the top features of an LMS.
An LMS is a premium tool to develop online courses and classes and manage them with ease. Even outside education, LMS has a vast use in corporate sectors for planning and training purposes. Some of the premium features of a learning management system include:
- The exclusive functionality of an LMS helps in effective training, monitoring, scheduling, messages and more.
- LMS has a premium feature of content creation that helps trainers, teachers or coaches to create and share the content with targeted learners.
- The software also comes with an in-built progress tracker that helps to track student progress.
- LMS or institute ERP supports different teaching formats, flexible to the learners including synchronous and asynchronous modes.
LMS Pricing Models
Now that we have a decent idea about the premium features of an LMS, let’s discuss some of the pricing models.
1st Model: Pay Per Learner
One of the most widespread lms models in current times is the one with pay per learner scheme. This has a simple cost calculation that also makes it easier to comprehend the overall monthly cost.
This model is about paying per user. Like, the pricing is set based on the number of learners it’ll need to serve. Suppose, it costs $4. The figure is indicative that you’ll need to pay the mentioned sum for one registered user and move eventually with every increase in the user number.
2nd Model: Pay Per Active User
Here comes the next pricing model; interesting and quite similar to the previous one. This model doesn’t come with a fixed cost for students. Rather, you’re free to enrol an endless number of students on the platform. The payment is made only for the number of active students during the payment tenure.
Pricing packages might differ based on the platform and number of active students.
3rd Model: Pay as You Go
Then we come across the 3rd model, the pay as you go one. Here, the costing depends on your workload.
Like, in case of high workload and a vast number of students, the charges are high while for a lower workload with less students, the charges will be less.
4th Model: Subscription Model
Here is another popular lms model; the subscription based ones. These models offer you a monthly subscription plan and you’re free to use it within that rate and tenure. The rates might vary from one platform to the other based on the content, features, additional benefits, etc.
These models make you worry free about the number of enrolled students or active users, You’re free to use it your way once you have paid the subscription plan.
5th Model: Free to Use
Last but surely not the least, we cover the free lms models. These are open source learning management softwares which ensure free customization and free access to the management contents and features.
The Bottom Line
Learning management softwares is an excellent inclusion in the training industry and with every passing day, its benefits seem to increase. The exclusive features might be put to greater use in upcoming days that serve the community.
The above mentioned pricing models offer smooth respective features and based on your needs, you can pick the model of your choice.