How Does Udemy Work? What is Udemy’s Business Model? Let’s find out.
Education is a thing that has remained unchanged for hundreds of years. Its importance is unparalleled and none can live a successful life without it. But, many can’t afford good education because of so many reasons, may it be lack of funds or time.
So, what if a business provides good education at a reasonable cost and that too as per the convenience of people who want to study? It will be a win-win situation, no?
That’s what Edutech is all about. Gone are the days when education was limited to brick-and-mortar stores and learning by means of just reading books. The present era belongs to edTech businesses like Udemy, Coursera, Udacity, and so on.
All these names are responsible for the transition of education from brick-and-mortar schools to digital.
The benefits these platforms provide aren’t limited to connecting students and instructors from all over the world for better learning opportunities, rather, because of these apps, edutech has become such a large industry that today accessing education is not impossible for anyone.
But, how do these platforms work? The question remains unanswered in the minds of many who are impressed by the potential of the Edu-Tech industry. That’s why, in this blog, we will find answers to all such questions by putting the spotlight on the business model of one of the most renowned EdTech platforms in the world – Udemy.
Before we get started with knowing how does Udemy work and discussing its business model, let’s first check out some stats and the inspiring story behind the inception of the popular online learning platform.
