Crowdfunding in E-Learning – We make WBT Production Cheap

Training topics always lend themselves to crowdfunding if there are other companies that want to train their employees on that very topic. That means any topic, no matter how specific it may seem, may be interesting to a larger group. Once a web-based training course has been developed, it is very easy to customise it by modifying the content at key points.

Crowdfunding is a particularly attractive option when it would be cost-prohibitive for one organisation to develop a particular web-based training course on its own. That means crowdfunding can finally bring virtual or augmented reality-based e-learning courses, for example, within the reach of any company.

Not in e-learning. Unlike in-person training, it is very easy to modify portions of e-learning modules.

In fact, it is our experience that courses tend to share at least 50 per cent of their content with other courses, even when topics are highly company-specific. The company-specific portion generally covers different interpretations within the organisation or specific processes and instructions.

In a crowdfunding model, instead of three companies each producing 100 per cent of the WBT content themselves, they would only have to jointly produce 100 per cent of the base course and then modify 50 per cent of that base course twice. Pooling their resources would thus reduce the production volume by one third for each company. And that slashes everyone’s costs.

It’s easy to do and can be done at any time. Simply send us a short e-mail in which you mention crowdfunding.

We will respond as soon as we can and work with you to determine your specific needs and all relevant issues for the crowdfunded WBT project.

All pending crowdfunding projects for producing WBTs are published on our website as soon as all the details have been finalised. You can also see how many participants have signed up for the project and whether you can still join.

If a project has already started, you can only join if all the project participants agree to it. So feel free to contact us if you are interested in a project. We will liaise with the partners participating in the crowdfunding project and let you know their decision.

There normally is. Remember, the purpose of crowdfunding e-learning course production is to reduce each participating partner’s costs.

Crowdfunding is often the preferred option to keep costs below a certain level. To do that, you need a minimum number of participating partners to develop a specific web-based training course.

Your savings from participating in a crowdfunded WBT production project hinges on the number of participating partners. Your costs will not fall linearly with the number of participants, but they will fall more and more. All told, you can save up to 70 per cent over a standalone purchase order.

Savings can also depend on the planned online training topic. Generally speaking, the more universal the training topic, the greater the possible savings from crowdfunding WBT production.

It would be irresponsible of us to give a one-size-fits-all answer to this question. We recommend you be very wary of providers who suggest they can do just that, whether for conventional WBT development based on a standalone order or through a crowdfunding project.

One thing is true, though: Crowdfunding can reduce your cost of producing a web-based training course by up to 70 per cent.

Each project participant’s contribution toward the crowdfunding project is announced in advance and calculated at the agreed milestones in the course of the project.

Please note: Projects do not officially launch until we have received all the orders from the partners participating in the crowdfunding project. No payment or deposit is required beforehand – unlike with standard crowdfunding models!

It generally can. We produce the crowdfunded web-based training course – like all the other WBTs developed at our company – with a standardised authoring tool. It generates an e-learning course that conforms to SCORM standards and thus can be imported into all learning management systems (LMSs) that support SCORM.

If your organisation does not have an LMS, we can provide access to our iLearn24^® - Next Generation LMS separately.

The crowdfunded and jointly developed online training course is provided to every company participating in the project as a separate SCORM package once the course has been reviewed and accepted.

The provision of this version of the web-based training course transfers ownership of the SCORM package and its content to the recipient.

Any content updates that the crowdfunded e-learning course may require in the future can be made at any time with the commercially available authoring tool used in the project. We can also maintain the content for you as a separate service.

If the crowdfunded WBT project is for a topic known to change frequently, the original crowdfunding project can be set up to include regular updates to the online training course.

Our experts for web-based training development and production would be happy to answer any questions you have about crowdfunding e-learning courses.

Do not hesitate to contact us at any time. We’re here to help!