What Is Learning Management System?
A learning management system is a structured framework of software learning modules that are widely used by institutions and companies to provide knowledge and academic skills to students and professionals. The LMS is designed to keep in view learners’ needs and allow them to get insights to improve their know-how and abilities. Various institutions and organizations opt for a learning management system to create an e-learning platform and develop a business model by involving more customers. One needs to know about the cost involved in purchasing an LMS to achieve the maximum benefit in terms of return on investment.
How Much Does a Learning Management System Cost?
Learning management system development cost depends mainly on the features and functionalities provided by it. The cost involved in the design, development, and maintenance will increase as you improve the quality and efficiency of services for a better user experience. Certain features are essential to make the LMS effective for the user. This includes easy access, speed, updated information, quality content, and user interaction.
What Is MVP Learning Management System?
The Minimum Viable Product (MVP) concerning learning management refers to the development of a smaller version of an LMS software product with certain desirable features. This helps to represent a model that contains the key functions to check the relevance to the real users. It is more of a process than a product that can undergo modifications based on customer feedback. It avoids the effort and cost of making an entirely digital platform. It can be compared in real-life with a sample or dummy of any product having all the features and qualities which the customer approves for production on a large scale.
How Much Does MVP Learning Management System Cost?
Building a large and feature-rich LMS is a complex process so designing an MVP model would be the better choice to trial and test the user acceptability of the performance of the features. It contains initial key features and other facilities can be added later. This model is developed step-by-step by planning, designing, and incorporating various features. The cost is charged according to the number of hours it may take to build up the MVP of a large and customized learning management system. The breakdown of hours required at each stage is given below.
- Business Analysis – 40 -100 hours
- Platform Architecture- 40-100 hours
- Develop design options and revisions – 50-80 hours
- Frontend and backend development – 50-100 hours
- Integration – 40 hours
- Testing – 20 hours
- Extra time for review, project management, tools installations, content creation, etc.
The total time is taken for building an initial MVP, therefore, takes about 2-3 months. The charge is between $30 and $100 per hour amounting to a total expenditure of $12,000 to $42,000 for two months. The ongoing maintenance of the system also costs you around $20-$60 per hour for a complete built-up system.
How Much Does MVP Web-Based Learning Management System Cost?
The web-based MVP of the learning management system is meant for groups and organizations where multiple users can visit the website looking for the solutions for their requirements. In web-based LMS, the main focus is on the website design that appeals to the customers. An amazing website will help make your presence felt in today’s fast-paced digital world. MVP website is a basic version that would draw the attention of the first customers. It is easy to build an MVP website and develop to a higher version at 60% less cost as compared to a full-blown website. Testing your MVP model helps you refine your product as per customers’ choices and avoid the risk of spending money on features that are not relevant to the users.
How Much Does MVP Mobile Based Learning Management System Cost?
The mobile-based app has the advantage of accessibility from anywhere and anytime. It is very much helpful for startups and new users to get acquainted with the features. The users’ feedback help to market-test the service-related features. An MVP mobile app provides a future reflection of your ideas and can assess the customer response. A mobile app of MVP contains the essential functionalities that help the learning process simple and resourceful. Constructive feedback on the significance of features in solving user problems guides the development of the LMS further with the right design and advanced tools. The MVP mobile app should be simple and easy to navigate to allow users conveniently search for anything they require. The design of the MVP app is an important factor because this reflects how the final output of the mobile app is going to look like. Depending on the number of screens, menus, and speed of the MVP app, the cost is going to vary significantly.
What Is White Labeled Learning Management System?
A white label learning management system is a service or product that is designed by a company with certain features and used by another organization to take care of their requirements. It is a type of software that is developed ‘on demand’ and allows customers to rebrand it as their mobile or web-based software. This provides efficiency and affordability because this is already tried and tested and can easily connect to the audience. The white-label app allows customers to add customized features to align with their brand image and sync it with their web and mobile app. An example of the application of white label products is the use of the mobile app by on-demand taxi services to promote their business.
How Much Does White Labeled Learning Management System Cost?
A white label LMS is a ready-made and feature-rich learning management software that matches the needs of different customers. A white label LMS can be purchased by an institution and rebranded to associate its brand image. The cost involvement includes the cost of infrastructure, set up of servers, maintenance, upgrade, and many other associated expenses. Even then, the cost of white-label software is cheaper than custom web development costs as the system is ready with all the relevant features for which the service provider charges an optimum price.
How Much Does White Labeled Web-Based Learning Management System Cost?
The web-based white label LMS can be rebranded by adding the organization’s logo, custom design, and training formats to give a customized look and feel. The application of learning tools can be quite cost-effective if you can use the resources from the internet to develop your learning content. All these customizations involve additional costs to develop the platform professionally as you have to take the service from experts in content management and custom branding. The cost of developing a white label learning website ranges from $10,000 to $15,000.
How Much Does White Labeled Mobile-Based Learning Management System Cost?
The white-label mobile app option allows you to create a branded learning platform on mobile for your learners. A well-designed and user-friendly mobile app based on the original white label LMS software enriches the learning experience. The app is designed for different platforms (Android, IOS) and the development cost also varies accordingly. Customers are choosing a branded mobile-based learning app solution that helps them to keep pace with the latest trend of the mobile-first approach.
What is the SAAS Learning Management System?
This is learning management software that provides service through a cloud-based platform that doesn’t require to be downloaded on the device. One can access the system online by paying a monthly subscription fee. SAAS (software as a service) LMS is considered one of the best learning management infrastructures which provide convenient and modern learning solutions. It’s a future-ready learning platform suitable for changing customer preferences. The cloud-based platform allows storage and access to a huge amount of data which makes e-learning more effective. In our daily lives, we avail of the subscription facilities for various services like mobile phone networks and DTH services in a similar way.
Are you planning to buy LMS for your business? Knovator Technologies offers cost-effective custom LMS development. Contact us to know our custom LMS development pricing details.
How Much Does SaaS Learning Management System Cost?
The Saas LMS works on a cloud-based virtual platform that doesn’t need any hardware or software to install or maintain and allows learners to access the e-learning facilities from anywhere using the internet connection. Saas LMS is available with a monthly subscription scheme. It avoids a major cost involvement for server maintenance and infrastructure development. The customers of the Saas module need to pay a predetermined subscription fee for the features that they want in the LMS. There are three options generally available for users to choose from which are explained below.
- Per-user, per month – Based on the number of active users utilizing the service
- Per-user, per-use – Based on the modules, tutorials, or tools actually used without considering overall software components.
- Per course – the service providers need to get paid for providing the specific courses as required by the customer.
How Much Does SaaS Web-Based Learning Management System Cost?
The cost of support and basic features are normally included in the subscription plan but few vendors charge extra for advanced support and access to a dedicated service manager. The software requires regular maintenance and update which is taken care of by the provider and the cost is included in the subscription pricing. The Saas LMS model comes with two types of fees like setup fee and a license fee. The setup fee is a one-time fee to configure the system which varies between $4000 and $40,000. The license fee is a monthly or annual mode of payment for enjoying the services.
How Much Does SaaS Mobile-Based Learning Management System Cost??
The same features of the web-based version can be accessed from mobile with a secured internet connection. The pricing structures of monthly plans are more or less the same as the web-based model but you will incur the additional cost of using the app on different platforms like both Android and IOS. The app has the capability to accommodate the regular updates on these platforms without slowing down or interrupting the learning experience.
What is a Custom Learning Management System?
Custom Learning Management System is the software that takes care of the specific needs of the user. This software is developed by taking into consideration the requirements of the customer by incorporating features that make e-learning effective and convenient. It is need-specific, customized e-learning software that the users can purchase and utilize to handle their specific learning requirements. The software has the latest technology features that provide easy access to learning tools and interactive e-learning content. The software designers consult with the customers to identify their requirements and accordingly develop customized e-learning solutions. It is like making the interior decoration of your home by an expert service provider that takes care of your requirements and builds up your home in a way that serves the purpose of utility and aesthetics.
How Much Does Custom Learning Management System Cost?
A custom LMS provides solutions to companies through customized products and services. A customized LMS can be built up through various phases to gradually develop a multi-layered system and each phase involves cost. The cost of a custom learning management system depends on various factors as follows:
- Technology: The application of more advanced technology improves the efficiency of the system and accordingly increases the cost.
- Features: The specific features as required by the customer add up to the total cost as it requires expertise to develop the features.
- Web or mobile application: The cost varies according to the targeted platform (web-based or mobile app) in which it is to be launched.
How Much Does Custom Web-Based Learning Management System Cost?
A web-based custom LMS involves time and effort for the design and development of the website which contributes to the cost. The web design involves resources and technical expertise to prepare a customized e-learning platform. The cost depends on the level of customization, accessibility of features, process alignment, and manpower involvement. In general, the development cost of a web-based e-learning program with basic features ranges from $25,000 to $50,000, and with advanced features, the cost may increase up to $75,000 to $100,000. The monthly hosting fee for each active user is around $100 per month. The proprietary licensing applicable to registered users also involves monthly charges per user.
How Much Does Custom Mobile-Based Learning Management System Cost?
This option allows users to access the learning content from any device like a tablet or smartphone. There is also a development cost involved in creating the mobile app. The cost depends on various factors like the Android or IOS platform, design and complexity of the app, etc. The mobile-based custom LMS must possess easy features, a user-friendly interface, and a quick response rate. The cost of a mobile e-learning app with primary features generally costs between $8000 and $30,000. The cost of incorporating advanced features may increase up to $50,000.
This was a complete discussion on different types of learning management system costs. If you are planning to buy a custom Learning Management system software, contact us now. The experts at Knovator Technologies have huge experience in custom LMS development. Regardless of the industry or company size, our experts can build the right LMS that will bring the impact you need.
Schedule a demo with us to have a personal demonstration of what custom LMS developed by us can do for you and how we can help you create your richly-featured custom LMS.