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Discover the goals, partnerships, and dominant business models in MOOCs. Explore the key issues and main trends of monetization in the industry.
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MOOCsandtheir business model František Dalecký LMC, s.r.o.
The structureofpresentation • Goals of MOOCs • MOOC optimism of Silicon Valley • Platform/institution partnerships • Dominantly used B-models (7) • Key issues of monetization • Main trends of monetization • Q & A
GoalsofMOOCs 1) Make money 2) Build brand and generate leads 3) Get data 4) Get knowledge of online learning
Platform/institutionpartnership • What platform wants: • Content • Partner with great brand and marketing • What Partner wants • Know-how of MOOCs development • Tech. solution of the platform • Marketing
Platform/institutionpartnership • Several-months process of cooperation • First step is usually a memorandum • The contract follows • Partners useally set ad hoc conditions for each partnership
Dominantlyused B-models 1) Freemium 2) Marketplace 3) Advertising 4) Recruitment 5) Data 6) Membership 7) MOOCs embedded
1) Freemium www.coursera.org
2) Marketplace www.udemy.com
3) Advertising www.alison.com
4) Recruitment www.open2study.com
5) Data ??? www.edx.org
6) Membership www.lynda.com
7) MOOCsembedded www.hbx.hbs.edu
Keyissuesofmonetization • High costs of course production and platform development • Critical need of massive audience - low conversion rates to paid certificates (1-3%) • Long-term and complex business with various stakeholders
Maintrendsofmonetization • New degrees (Specializations, XSeries, Nanodegrees) • Offline assesment and learning centers • Offering former offline subjects online • Blended programmes and new lines of educational services for workforce
Thankyou! František Dalecký fratisek.dalecky@gmail.com www.lmc.eu