The Learning Management Systems (LMS) industry is one of the most active areas in the current times filled with technology. The LMS market has recently grown to $2.75 billion strong, thanks to strong demand for technological tools among training providers and enterprises. This large industry thrives on its multi-faceted business model, which includes several different pricing models.
Businesses and entrepreneurs regularly need to make tough choices regarding their budgets. One of the most important decisions they face is spending on their LMS. Selecting the right LMS pricing model can be overwhelming, given the numerous options and features. This blog will provide an overview of Paradiso LMS cost.
What is a Learning Management System (LMS)?
Learning Management System is a software application that enables educational institutions and businesses to manage and deliver online courses. If you’re in charge of overseeing employee training or developing online courses for distribution – whether in corporate settings or academic institutions – then you’ll want to be familiar with LMS.
An LMS can track employee learning and development. Though not all LMSs are created equal, they typically offer a variety of features, including course-building tools, e-learning modules, student tracking, testing and assessment tools, and reporting capabilities.
Paradiso LMS Cost – Pricing Models
There are 4 main LMS pricing models: per seat/user, per course/webinar, subscription, and web hosting. Let us go over each type of Paradiso LMS cost model in detail:
Per seat/user
This is the most common LMS pricing model in the industry. In this type of billing plan, a user can log in to an LMS from any device with access to the internet and take courses or complete training modules. Having one fee for each accessing its courses saves a lot on overhead costs, especially if there are many clients instead of only a few. The payment method for this model is usually charged on a monthly or yearly basis. Paradiso LMS cost in terms of ‘per user’ is the best deal in the market.
Per course/webinar
In this LMS pricing model, instead of charging users per seat, companies may also charge for the number of courses users take. In this case, learners can enroll in as many courses as they want but get charged according to what they choose to take. This is ideal for those who would like to learn a specific topic and not about the others covered in courses. This type of billing plan can provide savings compared to per seat/user since companies only have to pay for a course a user took instead of a whole subscription.
Subscription
In this LMS pricing model, learners subscribe to an LMS’s paid features. There are 2 types of subscriptions: Basic and Premium accounts. The basic account includes basic features such as storage space, self-enrollment, activity reports, etc., while Plus or Premium offers more features such as assignment tools, certification exams, social learning tools, multimedia support, among many others.
Web hosting or software licensing
This is not commonly used, but businesses may offer their clients this type of pricing plan. In this Paradiso LMS cost model, the LMS is hosted by the company that offers the service, which allows them to charge users fees monthly or yearly without paying for servers and support staff. However, some companies may also opt to let clients host their own LMS, where they will need to pay for their licenses annually.
The variety of these 4 main Paradiso LMS cost billing plans allows companies with different needs and resources to choose one according to what suits them best. Also, it provides different alternatives in terms of price points for different customers who are willing to access training modules through online platforms.
How to choose the best LMS per the Pricing Models that suit your business needs?
Many people believe that choosing between these two models is centered on budget. However, this is wrong thinking. Your choice should not be focused on price but on utility. That’s true; if one LMS has more utility for your educational institution or organization needs, it’s worth paying a few additional bucks a year.
Wrapping Up
It is important to start by assessing your needs and considering the most important features to you. Some factors to consider include the number of users, required functionality, platform accessibility (desktop or mobile), integration requirements, and whether or not you need training materials created specifically for your LMS. Once you have a good idea of what you need, you can begin implementing LMS. Paradiso has 3 different LMS editions tailored to perfectly suit almost all types of enterprises.
Basic LMS Edition
This is the simplest and least pricy package. It is designed specifically for startups and small-scale organizations. This edition comes with features like:
- Course Catalogue
- Course Creation
- Student panel
- Course activities like Scrom, Quiz etc.
- Social Wall, Badges/ Points
- Custom reports, and much more
Enterprise LMS Edition
Includes all features of the Basic edition plus:
- Competency framework
- Skill gap analysis
- Gamification
- LXP
- Knowledge base
Extended Enterprise Edition
Includes all features of the Enterprise LMS Edition plus:
If you require additional information on Paradiso LMS cost, or the strategy to pick the right LMS for the right price, contact us today.
