Automate Marketing Initiatives with Salesforce Marketing Cloud Learn More

How to Use Learning Management Systems at Optimized Costs?

The e-learning industry as of now is a $200-billion marketplace and there is no stopping to it. Businesses and organizations are continuously and heavily investing in e-learning solutions and learning management systems (LMS) for the skill development of their staff and employees. This in turn gives them a competitive edge and helps drive higher revenues and growth.

However, as the organizations invest in the implementation and use of LMS, a major issue comes with the costs of these solutions. Organizations want LMS with features that can cater to their business needs in entirety, but with those features how the costs are allocated is an important consideration. It is only with the proper allocation of the costs that organizations will be able to get the most value from their LMS and attain higher ROI.

However, before you can know the allocation of these costs, you need to know what makes up for them. The graph below shows what percentage of your LMS investments are spent in what areas of its use.

LMS at Optimized Cost

The above graph makes it clear that the major costs are spent on the implementation of LMS software which is further followed by costs on training, hosting, and support.

While these costs are a part of your LMS project, they must not be hefty, else the entire purpose for making investments in such solutions shall fail. What you need is a proper plan devised for the cost management of your Learning Management System.

So, the big question is how do you optimize your LMS costs? Well, let us talk and phase them out one by one.

Implementation Costs

The highest costs associated with any Learning Management System project comes from the very implementation of it. It is a big decision to implement an LMS and the confusion comes when you are to make a choice between a proprietary LMS and Open Source LMS.

It is very important to get this choice right. Most often, organizations face issues with scalability and system integration of their LMS. So as to not face this challenge, open-source LMS is preferred over the proprietary ones. They are also good for keeping the costs managed and optimized.

Open Source LMS allows us to change, modify, and redistribute the source code freely, have an easy interface, and can be implemented at minimal expenses. Moreover, they have unlimited ability to scale and you can easily add up to their features and functionalities. So, as your organization grows and requirements for additional features and functionalities begin to cloud, open-source LMS implementation will come extremely handy and beneficial to you in terms of flexibility as well as costs.

Training Costs

The costs associated with training are real and they can go beyond your expected investments and expenditures if not managed well. The need is to have LMS which is easily understandable and readily usable. The more quickly your employees and staff cope with the LMS system, the easier the training becomes for them which in turn results in reduced and optimized training costs for LMS software.

To make such easy, simple, and user-friendly LMS, you need to look into your organizational needs and analyze them thoroughly. Additionally, your choice of platform for LMS will leave a big impact. Using platforms like LearnDash can be very beneficial since it helps create a highly functional and feature-rich learning management system with customized themes and designs that cater to excellent user appeal and experiences.

Hosting and Support

After you have LMS software implemented, you need hosting and support for it which again comes as a big expenditure. However, it can be optimized by making an intelligible choice between self-hosting and cloud-hosting.

Self-hosting will involve you managing the LMS software internally and depending on the technical expertise required for that, it can come as a costly affair. Contrary to this, the LMS is managed and hosted externally by professionals when you opt for cloud hosting. This is a much more cost-effective option since it significantly brings down the costs with zero needs on part of the organization to manage the LMS. The organization can simply keep leveraging the learning management system for higher revenues.

Additionally, you also get support with cloud-hosting which significantly brings down the support costs for your organization.

A place for big ideas.

Reimagine organizational performance while delivering a delightful experience through optimized operations.

Conclusion

This was all about the costs associated with Learning Management Systems and ways to manage and optimize them. E-learning solutions and LMS software give a significant competitive edge to your organization and you can create better brand positioning with higher productivity and a more skilled workforce. They will also help increase revenues. However, all this shall work positively only when the costs are managed well and kept at an optimum level. You need to go a little extra mile for that, but they are easy solutions. So, implement the necessary solutions and manage your LMS costs.

The e-learning industry as of now is a $200-billion marketplace and there is no stopping to it. Businesses and organizations are continuously and heavily investing in e-learning solutions and learning management systems (LMS) for the skill development of their staff and employees. This in turn gives them a competitive edge and helps drive higher revenues and growth.

However, as the organizations invest in the implementation and use of LMS, a major issue comes with the costs of these solutions. Organizations want LMS with features that can cater to their business needs in entirety, but with those features how the costs are allocated is an important consideration. It is only with the proper allocation of the costs that organizations will be able to get the most value from their LMS and attain higher ROI.

However, before you can know the allocation of these costs, you need to know what makes up for them. The graph below shows what percentage of your LMS investments are spent in what areas of its use.

LMS at Optimized Cost

The above graph makes it clear that the major costs are spent on the implementation of LMS software which is further followed by costs on training, hosting, and support.

While these costs are a part of your LMS project, they must not be hefty, else the entire purpose for making investments in such solutions shall fail. What you need is a proper plan devised for the cost management of your Learning Management System.

So, the big question is how do you optimize your LMS costs? Well, let us talk and phase them out one by one.

Implementation Costs

The highest costs associated with any Learning Management System project comes from the very implementation of it. It is a big decision to implement an LMS and the confusion comes when you are to make a choice between a proprietary LMS and Open Source LMS.

It is very important to get this choice right. Most often, organizations face issues with scalability and system integration of their LMS. So as to not face this challenge, open-source LMS is preferred over the proprietary ones. They are also good for keeping the costs managed and optimized.

Open Source LMS allows us to change, modify, and redistribute the source code freely, have an easy interface, and can be implemented at minimal expenses. Moreover, they have unlimited ability to scale and you can easily add up to their features and functionalities. So, as your organization grows and requirements for additional features and functionalities begin to cloud, open-source LMS implementation will come extremely handy and beneficial to you in terms of flexibility as well as costs.

Training Costs

The costs associated with training are real and they can go beyond your expected investments and expenditures if not managed well. The need is to have LMS which is easily understandable and readily usable. The more quickly your employees and staff cope with the LMS system, the easier the training becomes for them which in turn results in reduced and optimized training costs for LMS software.

To make such easy, simple, and user-friendly LMS, you need to look into your organizational needs and analyze them thoroughly. Additionally, your choice of platform for LMS will leave a big impact. Using platforms like LearnDash can be very beneficial since it helps create a highly functional and feature-rich learning management system with customized themes and designs that cater to excellent user appeal and experiences.

Hosting and Support

After you have LMS software implemented, you need hosting and support for it which again comes as a big expenditure. However, it can be optimized by making an intelligible choice between self-hosting and cloud-hosting.

Self-hosting will involve you managing the LMS software internally and depending on the technical expertise required for that, it can come as a costly affair. Contrary to this, the LMS is managed and hosted externally by professionals when you opt for cloud hosting. This is a much more cost-effective option since it significantly brings down the costs with zero needs on part of the organization to manage the LMS. The organization can simply keep leveraging the learning management system for higher revenues.

Additionally, you also get support with cloud-hosting which significantly brings down the support costs for your organization.

A place for big ideas.

Reimagine organizational performance while delivering a delightful experience through optimized operations.

Conclusion

This was all about the costs associated with Learning Management Systems and ways to manage and optimize them. E-learning solutions and LMS software give a significant competitive edge to your organization and you can create better brand positioning with higher productivity and a more skilled workforce. They will also help increase revenues. However, all this shall work positively only when the costs are managed well and kept at an optimum level. You need to go a little extra mile for that, but they are easy solutions. So, implement the necessary solutions and manage your LMS costs.

Top Stories

Odoo project management module
Discover How the Odoo Project Management Module Boosts Productivity by 30%
Want to transform how you manage projects and boost your team's productivity? Imagine a tool that can increase your efficiency by a staggering 30%.  Understanding of Odoo Project Management Module We're about to reveal the Odoo Project Management module's magic in this article. Whether you're an experienced project manager or
Odoo
Customize Your Website Design with Odoo Drag & Drop Website Builder
Having an attractive and functional website is necessary for the success of businesses. A well-designed website attracts visitors and improves the user experience, furthermore, increases user engagement, and ultimately increases conversions. The Drag-and-Drop Builder of Odoo ERP is an effective application that enables businesses to create stunning, personalized websites. In
Odoo Marketing Tools
Odoo Marketing Tools to Drive Market Success
Marketing campaigns must be able to effectively reach their target audience in today's competitive environment. This can indeed be a challenging task at times, particularly for businesses with limited resources. However, the integrated marketing tools provided by Odoo ERP can assist businesses of all sizes in streamlining their marketing efforts
Modernize HR Operations with Odoo Human Resources
Modernize HR Operations: Unleash the Future of Human Resource with Odoo
According to today's business environment, organizations face numerous challenges when it comes to managing human resources tasks efficiently. HR departments are often burdened with time-consuming tasks, from recruitment, onboarding to performance evaluation and payroll management. Nowadays, traditional methods of HR management can be inefficient, error-prone, and, most importantly, need more
Odoo Website Builder
Create Professional Websites Using Odoo Website Builder
A professional and engaging presence is necessary for success in today's business environment. A well-designed website establishes your brand's credibility and increases customer trust by showcasing your products and services. Odoo ERP, According to Trends Built With's research, 66,810 live websites use Odoo, and an additional 39,778 sites have historically
Odoo ERP for Inventory Management
Unveiling 8 Vital Benefits of Odoo ERP for Inventory Management
In today's competitive business environment, the success of any company hinges on effective inventory management. As businesses grow and expand, inventory management becomes increasingly complex, leading to inefficiencies, errors, and financial losses. To tackle these challenges, Odoo ERP systems come into play, streamlining various business processes and ensuring seamless inventory

    Error: Contact form not found.

        Success!!

        Keep an eye on your inbox for the PDF, it's on its way!

        If you don't see it in your inbox, don't forget to give your junk folder a quick peek. Just in case.



            You have successfully subscribed to the newsletter

            There was an error while trying to send your request. Please try again.

            Zehntech will use the information you provide on this form to be in touch with you and to provide updates and marketing.