With the evolution of technology, the education domain has improved its position and allowed students across the world to participate in state-of-the-art innovative learning model to compete in the challenging atmosphere. Nowadays, education is costly and tutors are high in demand. But, thanks to Learning Management Systems (LMS), now students don’t have to worry anymore.
An LMS is a smart way to connect with students online and provide them with learning sessions for their growth and development.
Say, for instance, if you are a Maths teacher based out in Spain, but have high demand in the US as a tutor, you will be able to teach students without being physically not being present there. With the help of documentation, tracking, reporting and delivery of training sessions and coaching, the LMS can help the online students without putting many efforts
What is an LMS?
As of now, you must be thinking what is an LMS all about? Let’s help you with that. An online LMS is a software application that can help the students in the learning process. Online tutors can use the LMS to administer tests, assignments, track student’s progress, manage records and even conduct instructor–led training. As LMS stores the record of the students, it is easier to track their real-time progress and guide the students. Many online tutors use an LMS to sell courses and make money.
Seven possible Ways Online Tutors Can Make Money by using an LMS
- By Monetizing the Blog Section
Readers and learning enthusiasts are always looking forward to better their experience with right insights. By adopting the Learning Management System, the online tutors can share their experience and knowledge via blogging. In an LMS, the tutors can upload their content, research papers, case studies and market insights. These sensitive and valuable data can be made available through subscription–based tutorials. Thereby, the LMS will create a course that would be worthy of subscription for the comprehensive development of the students and employees.
- Creating a Platform for Virtual Learning
With the support given by the LMS, the online tutors can develop an independent model. In the model, they can create a software support system through LMS to support the learning model. Through the LMS model, the online tutors can cover maximum students from different countries. As they do that, it will prepare the students for the industrial demand and they can thrive with an improvised and dynamic training metrics.
- Integrate with Accredited Certification
Online tutors can move ahead in their coaching and training model with the LMS by partnering with partner or reseller network to increase their customer base. In this way, they will not just indulge in the training and development model, but also refer top networks for specific courses and earn on the basis of commission. In this way, the online tutors can benefit from both the parties: students & networks.
- Revenue through Content on LMS
The value of research and development cannot be assessed in monetary terms, but being an online course curator, you can make money through content curation and sharing of valuable insights through content. Online tutors with the help of LMS can play the role of an instructional designer, eLearning developer, course developer, multimedia-learning specialist etc.
An improvised ROI will occur for the enterprise or even the educational institutions when they are in the position to train their employees and students as per the changing trend. By launching a subscription version of the tutorials and through diagrammatical and gamification graphics and guidance; the online tutors can support the students and employees in real-time by offering comprehensive development opportunities.
Become an LMS Administrator
One of the easiest ways through which online tutors can make quick cash would be through the administration of the LMS. Implementation, management, and maintenance of the LMS require a specific amount of skill set.
Become an LMS Consultant
As an online tutor, you can earn money by being a reputed LMS consultant. In order to be an LMS consultant, you do not need specific LMS knowledge about its operation and incorporation. Rather, you can just have the basic information about the LMS and recommend the clients about top LMS software solution that they can choose. You can offer customized guidance to the clients as per their need and earn a commission based on the conversion. This is yet another promising and least challenging way of making money through LMS.
The growing academic interest has given a fillip to the use of LMS globally. With the growing demand across different industry verticals, a simulated approach that will train, educate and prepare the academics, as well as the businesses, will be of great value to the people. Those engaged in online tutoring through the LMS can create simulated elearning and training model. This will help students and employees to interact with the tutors in real-time and get their doubts clarified. One can say that the use of an LMS is a win-win for both learners and instructors both.
Author Bio :
Kamy Anderson is an ed-tech enthusiast with a passion for writing on emerging technologies in the areas of corporate training and education. He is an expert in learning management system & eLearning authoring tools – currently associated with ProProfs.