How to give students complete platform access to your custom platform?
Introduction
The world of online education is rapidly changing and as the digital learning space is evolving, it has added a lot of struggle to be able to fully maximize your revenue from your online coaching business.
Some may also say that the online learning space is also becoming saturated as more and more players are entering the market, inviting a lot of competition and decreasing innovation, especially in the technical learning domain.
Now the question is, how can you maximize your revenue with an innovative approach to your platform’s pricing model?
One such way to achieve high value on your courses is through giving students complete access to your platform. In this blog post, we’ll be diving deeper into how you can give your students complete access to your platform.
Let’s dive in!
Different ways to maximize your revenue
There are a lot of ways you can maximize your revenue from your online coaching business. Unlike how until a few years back, when creators used to rely only on one-time payments, things have changed. There are now multiple revenue streams you can unlock by enabling recurring subscriptions, course bundles, as well as by giving complete platform access.
Let’s take a look at each of these models and understand how they’re different.
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One time payments
One-time payment is the traditional payment model where students pay a single fee for lifetime access to a course or a product. While it is one of the most straightforward payment methods, it limits recurring revenue.
Recurring subscriptions
Recurring subscriptions are a great way to monetize your product or online course.
At its core, recurring subscriptions are financial arrangements where a customer agrees to pay for a product or service at regular intervals. These regular intervals could be monthly, semi-annually, or annually, depending upon your approach.
While recurring subscriptions do increase your potential revenue per user, it requires you to deliver constant value to your user.
Course bundles
Course bundles are a great way to offer combo value deals to your users. Through this approach you are combining multiple courses at a discounted price, encouraging larger purchases and cross-course engagement.
If you would like to get started on creating course bundles for your courses under your platform, you should read this article to get started – How to create course bundles for your custom platform.
All platform access
All-platform access is one of the best ways to maximize your revenue per student. Via this approach, you are offering a ton of value for a fixed price or a recurring subscription.
It’s also a great way to maximize student engagement.
In this blog post, we are specifically covering how to enable and set up all platform access for your students. Keep reading!
Why should you choose to give complete platform access to students?
Offering complete platform access to your student is a great move as it significantly benefits you as the creator, as well as the student.
On the one hand, it gives you a higher revenue potential per student. On the other, this approach gives students a great chance to explore the full breadth of your content and develop a deeper engagement with your platform.
When you remove barriers between individual courses, you create a more immersive learning environment where students can follow their curiosity and learning needs seamlessly.
This not only enhances the perceived value of your offering but also encourages students to spend more time on your platform, increasing their loyalty and the likelihood of positive word-of-mouth referrals.
Giving a taste of your platform’s unique experience
By providing access to your platform, you’re essentially inviting students to experience the full scope of your teaching philosophy and content quality.
This exposure allows students to appreciate all of your courses together and the unique value proposition of your platform.
It’s like giving them a backstage pass to your entire knowledge ecosystem, which can be a powerful differentiator in a crowded market. This approach can lead to higher student satisfaction and stronger brand loyalty, as learners feel they’re getting exceptional value for their investment.
P.S. If you are looking to enhance the experience of your students while teaching them online you should check out Fermion. Fermion enables custom features specifically for technical creators like you.
Maximizing your revenue
All-platform access can be a game-changer for your revenue model.
While individual course sales can generate significant one-time income, offering complete access to your platform can lead to higher lifetime value per student.
This model allows you to charge premium prices justified by the extensive content available. Moreover, it can simplify your marketing efforts, as you’re promoting a single, comprehensive offering rather than multiple individual courses. This efficiency can lead to lower customer acquisition costs and higher profit margins.
Additionally, satisfied all-access members are more likely to renew subscriptions or make additional purchases, further boosting your revenue over time.
Providing a seamless learning experience to your students
One of the key advantages of all-platform access is the seamless learning experience it provides.
- Students can easily navigate between different courses and topics, following their interests and learning at their own pace.
- This flexibility can lead to more effective learning outcomes as students can revisit concepts, explore related topics, and deepen their understanding across various subjects.
- The absence of barriers between courses encourages a more holistic approach to learning, which can be particularly beneficial in interconnected fields.
- This seamless experience can significantly enhance student satisfaction and learning outcomes, leading to better reviews and referrals for your platform.
Why is giving platform access better than selling individual courses?
Offering platform access to your students rather than just giving course access as your offer can be advantageous in a lot of ways. Let’s explore them one by one:
- It simplifies the decision-making process for potential students – instead of choosing between multiple courses, they’re presented with a single, comprehensive option. This can lead to higher conversion rates and reduced decision fatigue.
- It encourages broader engagement with your content, potentially leading to unexpected discoveries and learning paths for students. This increased engagement can result in higher satisfaction and retention rates.
- It can be more cost-effective to market and manage a single all-access offering rather than multiple individual courses. You’re essentially lowering your customer acquisition costs and increasing profit margins.
- Most importantly, this model allows you to continually add value to the subscription by introducing new courses or content, without the need for additional purchases from existing members.
How can you provide your students with complete access to your custom-built platform?
There are a few ways you can provide your students with complete access to your custom-built platform.
One way is to build this feature by yourself but from a technical standpoint, it can be extremely cumbersome to ensure that your platform can handle all-access permissions and effectively track user engagement. This might involve updating your user management system, payment processing, and content delivery mechanisms.
Another way is to use a platform like Fermion. Fermion simplifies this process for content creators by taking care of anything and everything technical going on your platform and letting you focus on what you do the best – teach.
To maintain the simplicity of this blog post, we’ll be using Fermion to showcase how you can enable complete platform access for your students.
Step 1: Setup your instructor account
The first step is to set up your account on Fermion. To get started, schedule a demo call with us, post which we will set up an account for you. Click here to schedule a free demo.
This is how your login page will look like once your account is set up and ready for you. You can use the login credentials shared with you at the time of the setup, to login into your account.
Step 2: Take a glance at your dashboard
Once you log in, you will be greeted with your dashboard screen. This is how your dashboard will look like.
On the left sidebar of the screen, you will notice a lot of tabs and features that are available to your account.
In this blog post, we’ll focus on discussing ‘All Platform Access’. As the next step, head over to the ‘All Platform Access’ tab on the left sidebar.
Step 2: Create a new “All Course Access” bundle
Click on “New all course bundle” above to create a new course bundle for your school and give your bundle a nice title.
Step 4: Your new digital product is created
This is how your digital product will look like once you create it. In the next step, we will learn how we can manage and configure this product.
Step 5: Manage and configure your digital product
Click on the digital product you have created to go to the course bundle landing page builder. This is how the landing page builder will look like.
Your landing page will dictate how your users will perceive your product so it’s very important to carefully curate this page.
Let’s take a look at each step mentioned in the landing page builder one by one.
1. Define your product metadata
First and foremost, click on “Define your product metadata”, this will open more controls for you as shown in the image below.
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In this step, you can give your digital product a good title, add a tagline and a good thumbnail.
There’s also an option for “product enrollment validity”, this lets you decide for how long you want your students to access the course bundle. You can choose from the options given to set an appropriate duration.
2. Set pricing for your digital product
Fermion lets you set up custom prices according to your requirements. For domestic payments (within India), payment gateways like Razorpay, and PhonePe are used, which enable UPI payments, net banking, and EMI options for students, whereas payment gateways like PayPal, and Stripe are automatically enabled for international payments.
You can set up custom prices for every country using the currency option, as shown in the image above.
3. Publish your product landing page
Once you have set the pricing for your digital product, simply head over to the next step “Publish your product landing page” and click on “Publish product.”
Once you click on “Publish product”, your product will be listed on your website and available for your students to enroll. You can also find the link to the product in the same modal.
Remember, when someone enrolls in your digital product, they have access to all of your public courses on your platform.
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In case you change your mind, you can always switch your product to draft mode.
Voila!
You’ve now published your digital product, one which automatically enrolls your student in all of your published online courses, once purchase.
Fermion lets you give complete platform access in merely 3 simple steps, plus saves you the hassle of managing all the tech on your own. Once your account is setup on Fermoin, it takes care of your courses, user management and everything else on your platform.
Conclusion
Offering complete platform access to your custom-built learning environment can be an effective strategy for course creators. It not only has the potential to maximize revenue but also enhances the student experience, instills loyalty, and simplifies the learning journey. for students.
Through this approach, you can create a win-win situation that benefits both your business and your learners. As the online education landscape continues to evolve, approaches like all-platform access can help also you stand out in a crowded market, deliver more value to your students, and build a sustainable, thriving online education business.
If you’re looking to get started by providing your students complete access to your technical courses, Fermion is the best way to move forward as it enables premium features for your platform while reducing your time and costs on implementing other services.