Thinking of developing an eLearning Marketplace platform?
How to create an eLearning Marketplace platform?
This information is for you if you are an eLearning Content Owner taking your business online getting in other Content Owners also along to sell their Content Online. This information is for you if you are planning to set up a business providing a platform for the eLearning Content owners to host and sell their Content and take a cut in the revenues that they may get. You create an eLearning Marketplace platform where Individuals and Businesses can host their content and find Learners.
So, how is this possible? What does it take to create an online eLearning Marketplace platform? There are 2 options.
- Develop everything from scratch.
- Choose the best OpenSource eLearning and eCommerce platforms and handle all integrations that are necessary.
#1 is obviously a good choice if you have the bandwidth of time, resources, skills, and money. You can develop a platform that stands out, brings in your business’s USP, and so on. If that is not the case and you are looking at a quick start, #2 is the viable option.
You can continue further from here if you are looking at Option #2.
If you are going with the best OpenSource platforms, Moodle tops the list of OpenSource LMS platforms and WooCommerce and Magento on the OpenSource eCommerce Platforms side. So, through bringing in the best of both of these platforms and implementing the necessary integrations, your eLearning Marketplace solution can take a working shape. The Marketplace ability is technically about creating the Multi Tenancy abilities on to the platform and there are various design options possible to make the eLearning eCommerce integrated platform function like a Marketplace.
Once the technical requirements of eLearning Marketplace have been handled to the satisfaction, then there is another side to look into. That is about dividing the payments between the Platform Owner and the Content Owner. It could be a Fixed Cost or Fixed Percentage or anything. So, how to go about Revenue Sharing?
There are 2 options here.
- Monthly Reconciliation and Sharing the Revenues
- Instant Split Payments (as and when the Learner makes the payment, the payment will be split)
#1 is not very uncommon and is a regular eCommerce Marketplace practice. #2 needs the requisite support of the Payment Gateway that you are going with. Not all Payment Gateways would support. And, the abilities of the eCommerce platform to handle the Split Payments to be checked out.
As an example, you may check out the following information about PayPal.
- PayPal Split Payments
- PayPal Adaptive Payments
- PayPal Parallel Payments
- PayPal Chained Payments
The payments split needs to consider both technical and business aspects balancing the interests of all the stakeholders.
That being the basics of what it takes to develop an eLearning Marketplace platform, there is more to the skin in detailing and implementing all functional, and non-functional aspects of the platform.3E Software Solutions brings in the capabilities of LMS eCommerce integration and eLearning Marketplace implementation. 3E Software Solutions is enabling the eLearning business owners to take their eLearning Delivery online through WooCommerce Moodle Integration or Magento 2 Moodle Integration solutions.
Check out the WooCommerce Moodle Integration solution from 3E Software Solutions here – WooCommerce Moodle Integration from 3E Software Solutions.
Check out Magento 2 Moodle Integration solution from 3E Software Solutions here – Magento 2 Moodle Integration from 3E Software Solutions.