Udemy is an American online learning platform aimed at professional adults and students, developed in May 2010. As of Jan 2020, the platform has more than 50 million students and 57,000 instructors teaching courses in over 65 languages. There have been over 295 million course enrollments. Students and instructors come from 190+ countries and 2/3 of students are located outside of the U.S. Udemy also has over 5,000 enterprise customers and 80% of Fortune 100 companies use Udemy for employee upskilling.
Students take courses largely as a means of improving job-related skills.Some courses generate credit toward technical certification. Udemy has made a special effort to attract corporate trainers seeking to create coursework for employees of their company. As of 2020, there are more than 150,000 courses on the website.
The headquarters of Udemy is located in San Francisco, CA with satellite offices in Denver, CO; Dublin, IR; Ankara, TR; Sao Paulo, BR; and Gurgaon, IN.
History
In 2007, Udemy (you-de-mee, portmanteau of you + academy) founder Eren Bali built software for a live virtual classroom while living in Turkey. He saw potential in making the product free for everyone, and moved to Silicon Valley to found a company two years later. The site was launched by Bali, Oktay Caglar and Gagan Biyani in early 2010.
In February 2010, the founders tried to raise venture capital funding, but the idea failed to impress investors and they were rejected 30 times, according to Gagan Biyani. In response to this, they bootstrapped the development of the product and launched Udemy—"The Academy of You"—in May 2010.
Within a few months, 1,000 instructors had created about 2,000 courses, and Udemy had nearly 10,000 registered users. Based on this favorable market reaction, they decided to attempt another round of financing, and raised $1 million in venture funding by August.
In October 2011, the company raised an additional $3 million in Series A funding led by Groupon investors Eric Lefkofsky and Brad Keywell, as well as 500 Startups and MHS Capital.
In December 2012, the company raised $12 million in Series B funding led by Insight Venture Partners, as well as Lightbank Capital, MHS Capital and Learn Capital, bringing Udemy's total funding to $16 million.
On April 22, 2014, the Wall Street Journal's Digital edition reported that Dennis Yang, Chief Operating Officer of Udemy was named CEO, replacing Eren Bali.
In May 2014, Udemy raised another $32 million in a Series C funding, led by Norwest Venture Partners, as well as Insight Venture Partners and MHS Capital.
In June 2015, Udemy raised a $65 million Series D financing round, led by Stripes Group. Now Udemy joined another online learning house Skillsdox Inc of Canada to open up School of Skills in India.
In June 2016, Udemy raised $60 million from Naspers Ventures as a follow-up to the $65 million Series D round of financing from June 2015.
On February 5, 2019, Udemy announced that the board of the company appointed Gregg Coccari as its new chief executive officer.
Source :>>> https://en.wikipedia.org/wiki/Udemy
Key Features of Udemy Courses
Individual courses share a number of common characteristics:
- Wide Range of Course Offerings. Udemy currently offers 15 major categories of courses ranging from software development to music, with up to 15 subcategories under each main category. For example, in the “Instruments” subcategory of “Music,” there are at least 30 separate courses for piano students, a similar number for guitar players, 5 courses for beginners who want to play the harmonica, and multiple courses on how to play the drums, saxophone, flute, banjo, and autoharp.
- No Prequalification Necessary to Take Any Course. Students can take any course that might interest them.
- Viewable on All Internet-Connected Devices. Courses can be viewed on desktop and portable computers, as well as tablets and smartphones.
- Free or Low-Cost Tuition. An estimated 10% of courses offered by Udemy are free, while the remainder are generally priced under $200. There are exceptions, with some courses costing up to $1,000, but these are relatively rare.
- 30-Day Money-Back Guarantee. If students determine that they do not wish to pursue a course for any reason during the first 30 days following enrollment, Udemy returns 100% of the tuition fees.
- Immediate Access. Upon enrollment, students have instant access to the courses they have chosen, since all course materials – PDFs, financial templates, guidelines, and checklists – are prerecorded and electronically available for easy download to any electronic device.
- Lifetime Access to the Enrolled Course. Courses, or any portion of a course, can be retaken or reviewed a limitless number of times without additional cost. This access ensures that students have every opportunity to master the material regardless of their personal schedules or interruptions.
- Self-Paced. Each course consists of video lectures in lengths ranging from 5 minutes to 15 minutes. When watching the lectures, students can stop and replay all or part as many times as they want. Courses generally include a series of interim quizzes so that students can gauge their mastery of the materials.
- Access to Prior Student Reviews and Ratings. Potential purchasers of any course can easily read past student reviews and ratings for a hopefully unbiased opinion of its value. In addition, many courses feature previews of their lessons so you can evaluate the style and quality of each instructor.
- Instructors Have Practical, Professional Knowledge. Instructors are generally business people with actual experience in the subjects they teach, rather than academics. They have “been there and done that,” and are able to impart lessons from their time in the field. For the most part, lessons are presented in simple English with easily understood examples and applications in actual business environments.
- Certificate of Completion. Many courses award certificates of completion. Since there is no independent verification of subject mastery, it’s important to note that the value of a certificate may be questioned by people unfamiliar with you or Udemy. While some courses have been approved for professional continuing education credits, interested students should verify the status of such credits before purchasing a course.
Advantages
For Instructors and Course Creators
The advantages for potential Udemy course creators include the following:
- Aggressive Revenue Sharing of Tuition Fees. Instructors set the retail price of each course and typically receive revenues from two sources: sales to new Udemy customers made by the instructor earn 100% of the tuition fee, and sales to the existing Udemy customer base earn 50% of the tuition fee.
- Creator Pricing Control. Course creators set the market price for the courses they offer. Udemy recommends $10 to $30 per hour of content. For example, a four-hour course would sell between $40 and $120 under this formula.
- Proprietary Technology for Publishing. Udemy offers a one-stop shop for potential instructors to plan, create, publish, and promote their course offerings. A series of videos provides step-by-step instruction to create a course for any subject. Support is provided 24-7 with a full library of informational articles and examples. All Udemy services are provided free to potential instructors.
- Opt-In Participation in Special Udemy Marketing Promotions. From time to time, Udemy runs special promotional programs designed to attract new customers. The option to participate is decided solely by the instructor.
- Access to an Established Customer Base. All of Udemy’s four million users are potential purchasers of any course. However, course creators must be prepared to pursue an aggressive marketing strategy with their own contacts to ensure sales success, not unlike self-published authors who must create “buzz” for their literary works.
- Brand Building and Tie-Ins. Experts can use their Udemy courses to promote the sale of other services or products, thus building the value of their brand. For example, Angela R. Loeb, a “self-development consultant,” offers a free course titled “Your Job Search Is a Spiritual Journey.” It is likely that some of the course’s 3,471 enrollees have sought to engage Ms. Loeb for additional services. Every student of a course is a potential customer of the instructor’s.
For Students
A potential Udemy student can benefit from the following features:
- Discounts and Low-Cost Courses. Udemy estimates that a significant number of its courses are free, though the majority are priced between $29 and $99. The company aggressively seeks to build its customer base with widely distributed discount coupons and promotional periods where students can try courses for free or for 50% or more off the listed price.
- Extensive Course Offerings Dwarf Competition. There are more than 100 categories and subcategories of courses on Udemy, ranging from web development to photography to foreign languages. Udemy’s library of courses dwarfs any of its video learning competitors.
- Instructor and Student Feedback. Courses generally have an accompanying discussion board that allows students to post comments, questions, or problems where the instructor and other students can see and respond to them directly online.
- Tie-Ins With Instructors’ External Services. Many course creators use their instructional videos to promote proprietary products like books or consulting services. In many cases, enrollment in a course may entitle students to special promotions and price discounts.
- Ability to Test-Drive. Not only do many courses offer a free preview of one lesson, but if students wish to “return” purchased courses for any reason within 30 days, they may do so, no questions asked. This makes it easier to try one or more courses risk-free if you’re not entirely sure they will suit you.
Conclusions
An online learning platform aimed at teaching and educating a mass of different people from all around the world is a noble cause. Whenever such sites have good intentions and are focused on their actual goals and visions, they are always welcomed by the community at large.
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It is a normal human tendency to form an image of a person when we
meet them for the first time. The image that we have about an individual
is influenced by a number of factors. Things like how the person
dresses up, their body language, command over a language and other
factors have a role to play here. Often it is seen that people who are
competent in their work are not even considered capable because of the
poor image that they carry of themselves.
As unfair as these sounds, the fact is that this is how the world works.
If we want to create a name for ourselves, we will have to transform
the image that we carry. While this is definitely not as easy as it
sounds, it is not entirely impossible either. This is where the role of
image consultants comes into the picture.
What Is Image Consulting?
These people are responsible for grooming their clients in such a way
that there is a complete transformation of their overall personality and
image. Read on to know how you can make a successful career in image
consultation.
· Job Duties
The main job role of an image consultant is to work in close association
with individual clients or groups and come up with innovative measures
to transform their personality as a whole. This will include making
subsequent changes to the client's clothing, social etiquette and public
speaking after taking into consideration all other factors (like the
client's age, social background, expectations level, etc.)
The clients may approach them to make them fit for better professional
roles. It is the duty of the image consultant to come up with customised
plans for the upliftment of each of their individual clients.
· Educational Qualification
There is no one prerequisite degree that one needs to have completed in
order to become an image consultation expert. You just need to be good
at what you are doing. From an educational point of view, a mere
graduation degree will suffice.
However, it is advisable for you to have a decent knowledge of fashion,
hair and beauty therapy, consultancy human resource management, public
relations and communication. If you feel that you are not confident
about any of the aforementioned skill set, you can go ahead and obtain a
diploma or certification, online or offline, in the same.
· Skills Required
In order to influence people to become what you want them to be, the
first and foremost step would be to instil in them a sense of confidence
in you. Your clients and students should be able to have faith in your
abilities. For this, it is important that you develop a fine aesthetic
sense yourself and that you dress up well.
Try to connect with people. Be a good listener and pay attention to
details. In order to get clients, it is important for you to be
dedicated to what you are doing and have an optimistic approach to life.
· Type Of Job
All of us can guess that the private sector is the area that is more
concerned about things like looks and exterior presentations. Hence,
needless to say, most of the jobs in this sector are that of the private
field. Most organisations have public relations teams that hire image
consultants to train their receptionists, representative agents and
others about how to look and behave in public.
Fashion designing is another area where the services of these people are
required in large volumes. The human resource management sector of
organisations also requires the expert advice of image consultants in
order to frame their policies and plans.
Other than this, these days a number of top schools and colleges hire
image consultants to train and groom their students to make themselves
stand out in the job world. Image consultants can either choose to
associate themselves with a particular firm or organisation or they may
want to freelance with a number of them.
Well-known image consultants can also choose to be self-employed wherein
they set up their own consultancy firm and clients approach them
directly.
· Nature Of Work
The best thing about this job is the fact that you will not be asked to
work at odd hours or in shifts. Rarely will there be any work on the
weekends. Moreover, there is a lot of opportunity for displaying your
aesthetic abilities and every day is a new challenge here.
Thus, if you have a good understanding of how to convince people about
what you want, then this job role will be the most perfect one for you.
Depending on the firm or organisation that you are working with, this
profession may require you to travel places.
· Salary
In this field, the salary you make will depend on the quality of work
that you produce. The number of people you interact with, the city that
you are based in and the number of hours that you are putting into the
training all have a role to play here.
To improve your chances, you may consider coming up with some innovative
training techniques. That will help you get a better name in the
market, which will in turn increase your chances of getting a better
pay. The average salary here is about Rs 4 lakhs.