Custom LMS Software: Making E-learning Profitable for Mentors

With 900% growth since its birth, the e-learning industry is on the rise. The market is forecast to reach 400 billion USD by 2026, which was sized at 200 billion USD in 2019. In fact, the Learning Management System (LMS) market was roughly 18 billion USD that year.

When it comes to e-learning, custom LMS software rules this sphere. It offers diverse and comprehensive knowledge in various areas and comes in a colossal range of formats, ranging from video tutorials to masterclasses to high education degrees.

Such lessons/courses are presented to the audience via educational/academic platforms that are controlled by Learning Management Systems.

8 Simple Steps to Develop Your Own Custom LMS Software

If you are a business person in the education or learning sector, this is the right time to build your own LMS software and use the current e-learning trend in your favor. LMS providers like us can help you with that. Here’s how to build custom LMS software and make e-learning fruitful for mentors.

Step 1: Define the Idea

You may have an abstract vision in your mind. The task is to clarify it and make it more understandable for your business partners and learning management software companies.

Since a clearly defined idea has more convincing significance, you have a higher chance of getting approval and funding for your LMS project. Additionally, you should determine target platforms for your e-learning service. Research the market and analyze the competitors. Know whether you need just a web solution, a mobile app, or both.

Step 2: Choose (or Build) a Team

It’s time to hire one of the best LMS providers for the development and design part of your LMS. Although you can choose to build your own team, the process will take a lot of time and resources. Make your choice based on reviews, ratings, portfolios, case studies, prices, or recommendations. Also, business reputation and experience are key indicators here.

Step 3: Determine the Required Features

Create a list of features you will need in your custom LMS software. Each feature will take time and resources to implement and test, so think of optimizing and narrowing the features if you have a limited budget. Plus, consider creating an additional list of features you might want to include in your software after its release.

Step 4: Plan the Software Design

Never ever underestimate the importance of UI/UX design. Learning and teaching platforms are often overwhelming, so avoid overcomplicating things with clunky design. A well-planned design and structure will make the educational process smooth for both mentors and students.

As a simple rule of thumb, custom LMS software should include corporate colors, simple patterns, responsive icons, and visible content to make it easier for users to concentrate on learning sessions. The dashboard must be simple for every user to easily understand and access it.

Step 6: Develop a Minimum Viable Product (MVP)

An MVP acts as a functioning version of the software with a minimum number of features. It will convey the core idea of your LMS software, so you can promote it before the launch of the final product. Here, ask users to explore the features of your software and share their feedback.

Subsequently, you can use this information to make further improvements and additions to the final product.

Step 7: Don’t Skip Testing

To deliver the best possible learning experience, it’s essential to perform as many tests as needed to diagnose and fix the bugs present in your custom LMS software. With the help of learning management software companies, you can carry out responsiveness, loading speed, usability, and performance tests.

Don’t rush; just wait patiently until the learning management system is ready to GO.

Step 8: Promote the Software

If you have managed all the way through development, design, testing, and launching of your custom LMS software, congratulations! But there is one thing left – marketing/promoting your LMS software to ensure the highest quality for your target audience. Make sure its release is accompanied by promotional activities to draw attention to your software product and its benefits.

Summing Up

The value of education remains unquestionable in the business world. That’s why successful businesses consider spending money on online education as a profitable investment. So, if you have a custom LMS software idea in mind, allow us to bring it to life! Regardless of the industry or business size, our specialists will provide consulting and development services to breathe life into your concept.

Get in touch with us today.

FAQs:

Why should I build custom LMS software?

Custom LMS software offers a consolidated training platform that will benefit your target audience. They can use the LMS to register for training, start and track the training, and manage their training goals.

Who are the users of custom LMS software?

LMS platforms can be used by any business that wants to implement online training sessions or programs. This is especially useful to companies that want to provide on-demand training to a large section of online learners.

How secure are LMS platforms?

Most LMS servers take on 128-bit servers and have an SSL encryption to ensure they are a secure transmission of data between the client and the data center. If someone attempts to intercept the information, they will see a stream of nonsensical data. That way, the LMS platform remains safe.