Pros:
1. Low startup costs – You don’t need a physical space, you don’t have to hire staff, and you can use the internet to reach people in any part of the world.
2. Flexibility – You can create courses on any topic and offer them in multiple formats.
3. Scalability – You can add more courses over time to grow your business, or start with one course and scale up gradually.
4. Automation – Many of the tasks associated with running an eLearning business can be automated, giving you more time to focus on developing content and marketing.
Cons:
1. Competition – The eLearning industry is highly competitive, and it can be difficult to stand out from the crowd.
2. Technical requirements – You need to have knowledge of web design, coding, and other technical skills in order to create an effective course platform.
3. Marketing – You need to be able to effectively market your course in order to reach potential customers and make sales.
4. Customer support – Providing customer support for your eLearning business can be time-consuming and expensive.
5. Low returns – While you can make a good income with an eLearning business, the returns are usually lower than with other types of businesses.