Logo CudyTech
Back to Cudy
Logo CudyTech
Back to Cudy

Calculating the ROI of your e-Learning courses

'}}

Written By: Cudy

25th April 2023

'}}

If you're running e-Learning courses, how do you calculate the return on investment (ROI) of your e-Learning?

We have a simple formula to help you calculate the ROI of your e-Learning courses. It's a formula that we use ourselves and one that we recommend to our clients:

Calculating the ROI of your e-Learning courses = % Retention x Cost per Learner x Return on Investment per Learner

Here's an example:

If you have a training course that costs $1000 and has a 50% retention rate, then the cost per learner is $500. If your average return on investment (ROI) per learner is $10,000, then the ROI of your course is: $500 x 50% x $10,000 = $2500. So, for every dollar spent on your course, you get a return of $2.50. Pretty good!

But it gets better…if you increase the retention rate to 80%, then the cost per learner drops to just $250 and if your average ROI per learner stays at $10,000 then the ROI increases to: $250 x 80% x $10,000 = $4000. So, for every dollar spent on your course, you get a return of $4.00.

So the question is: how do you increase the retention rate?

You can improve the course design and learner experience to make it more engaging and memorable. You can also make it shorter and more concise by focusing on the core learning objectives. We often find that increasing the course length actually reduces the retention rate!

Now it's your turn…how do you calculate ROI for your e-Learning courses?

Find an academic tutor
Find a lifelong coach
'}}

Written by

Cudy

Cudy is an online marketplace for real-time learning where students can achieve mastery over their subjects by learning live from educators who are passionate about providing the best learning experience for their students.

More stories

'}}
Online learning can be one of themost effective way to learn nowadays. Students have been able to take classes at home on their computer for years now. Some of the nation's top schools offer online learning programs, and traditional universities have fully accredited them. Online learning gives students a chance to learn outside of their […]

Cudy

23rd April 2023

READ
'}}
Cheating in eLearning is a growing problem. It is also a serious concern of educators and learning designers.  The reasons are obvious: If people are cheating, then they are not learning as much as they could be. Cheating may also make learning more difficult for other students who have to interact with the cheater, which makes […]

Cudy

23rd April 2023

READ
'}}
Online learning nowadays becomes one of the most common method for both students and teachers. Most of us are familiar with the "notebook" concept of taking notes in lectures. However, with the rise of online learning, there has been a growing trend for online course providers to encourage their students to take effective notes in […]

Cudy

23rd April 2023

READ
'}}
One of the most exciting aspects of this new digital world is creating and distributing simulations for eLearning purposes. It’s also one of the most under-utilized aspects because many digital learning developers have no idea where to begin or what they should do with simulations. This post explores a simulation, how it can aid the […]

Cudy

23rd April 2023

READ
Subscribe to our blog