Whether for online or in-person education and training, choosing a subscription model has its unique advantages. In the era of e-learning and the Internet, there has been exponential growth in companies offering training on various topics. According to statistics, the number of students pursuing a fully online degree increased from 3.8% in 2008 to 10.6% in 2016. The corporate online learning industry is predicted to reach $50 billion by 2026, with a 15% annual growth rate.
Over the years, education services have evolved from traditional face-to-face classroom instruction to innovative online education. Education is no longer limited to textbooks, classroom training, and traditional materials. The introduction of the latest technology, such as the Internet and new media, has revolutionized the overall educational environment. Students can participate in or attend virtual classes and live online sessions from anywhere in the world.
The perks of online education accessibility are huge. The availability of virtual classes through distance learning sources at school and work will change how students learn. According to a study, 90% of the countries adopted the digital online learning process, and 60% of the pre-primary schools did the same.
The latest findings showcase how COVID-19 has changed the overall education system in many parts of the world. The increasing influence of online learning has forced the educator to sign up for online platforms wherein people can learn from virtually any place, anytime, and at an affordable price.
PlanSplit subscription management software streamlines plan creation and subscriptions to improve business processes and provide significant savings for providers. After plans are selected, we help with sign-up, payment collection, plan adjustments, renewals, and cancellations. Depending on plans, consumers can opt for a monthly or annual membership for alternative benefits and conveniences. Plans can be adjusted according to membership levels, such as all-inclusive, level-based, and usage-based. All subscriptions are automatically collected monthly or, if the consumer agrees, in full upfront. The all-inclusive model is a one-fee package that includes all charges associated with the services. The level-based model refers to different levels of access for different fees. Consumers can opt for the usage-based model only when they need a set limit of services or products over a certain period.