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

'}}
We started off by asking about the benefits of a mobile-learning approach, the level of interest in implementing mobile learning, and which devices students prefer. In general, the most important aspect was a student’s ability to use a mobile device to stay connected to school at all times. Mobile Learning Vs E-Learning The majority of […]

Cudy

25th April 2023

READ
'}}
Last year I wrote a blog post called Hitchhiker’s guide to the elearning galaxy where I introduced you to an analogy that we use in our company. I would like to repeat this today, because it’s the best way I know to explain what is going on with the elearning industry. The universe is like […]

Cudy

25th April 2023

READ
'}}
No more need to hunt for the perfect learning solution. Here are five easy steps to creating a great online training experience for your learners. 1. Start with the end in mind Begin by setting your goals for the training experience and what you want your learners to achieve. Do you want them to increase […]

Cudy

25th April 2023

READ
'}}
For those organizations that have outsourced eLearning projects, you may have found yourself having to deal with a poorly designed product. For example, you may have been frustrated by the fact that it takes a long time to get your questions answered, or that the development team just doesn’t seem to understand what you want. […]

Cudy

25th April 2023

READ
Subscribe to our blog