Stating the obvious, the Covid Pandemic accelerated growth trends in the digital nomad lifestyle, remote work and online life-long learning as many embrace a new normal. On a parallel path these trends was the opening of new doors for creative ways to share life-long passions whether hobbies or professional expertise gained from real work experience.
The term eLearning was initially coined in 1998. According to PapersOwl, a service providing homework help and academic support to students, eLearning has grown 900% since 2000, and by 2025 it will be a $325 billion industry. And sellcoursesonline.com, a provider of guides and resources for online course creators, projects the industry will reach $1 trillion by 2027. Independently Global Market Insights projects the eLearning industry will reach $1 trillion by 2028.
Increasingly individuals are looking for new ways to take command of their quality of life, redefine their financial paths and earning opportunities. These desires converge with opportunities in eLearning to share passions, and career expertise…. and be your own boss. There are many channels, or routes, you can take to achieve these goals. According to an infographic from thetilt.com the most lucrative channel, or route, for individuals looking redefine their financial paths and earning opportunities is to monetize sharing your passion and your skills on your own eLearning website/channel.
This demonstrates growing popularity and demand for distance learning is leading to new markets, new business models and the development of a myriad of opportunities to provide services to support massive online open courses (MOOC).
The term MOOC initially referred to free massive higher education open online course or an open online course aimed at unlimited participation and open access via the Internet. The term has since morphed to include course providers and course provider platforms like ClassMakr.com, Skillshare and Udemy which provide an array of courses including personal interest learning (yoga, cooking, pottery, second language, gardening, etc.), professional development (e.g., Python, Html coding, email marketing, social media marketing,) and self-improvement (time management and negotiating skills for example).
Distance learning has already achieved mainstream acceptance in the United States and Europe. According to sellcoursesonline.com, the U.S. and Canada witnessed combined growth of 691% in online course creation by individual creators due to the COVID-19 pandemic. And there are no signs of growth slowing down as a result of recognized benefits including less commuting, reducing CO2 emissions, the flexibility to learn at your own pace, growing popularity of life-long-learning and, the convenience of learning in a manner that fits your lifestyle.
This provides great opportunities for folks seeking career self-determination, better work-life balance, remote work scenarios or the off-the-grid lifestyle of a digital nomad. If you have a lifelong professional or personal passion you have been eager to share, the time is right. Dive in – become an online course creator sharing that passion and change your life and financial outcomes.