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A lot of people want to create an online course these days. Should they?
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A lot of people want to create an online course these days. Should they?
Whoās the only one finishing online courses these days?
EVERYONEāS DOING IT
Thinking of creating an online course? Your friends and colleagues are.
In a recent (unscientific) poll I conducted on LinkedIn, 73% of respondents said they either constantly think about creating an online course, or are, at the very least, entertaining the idea.
Does that seem high?
It does to me. Why the interest? And, do online courses even have a future in the age of generative AI?
Letās unpack.
$$$
Creating a successful online course does sound pretty sweet. Who wouldnāt want to earn money from course sales while they sleep? Whatās more, pushing a course would seem to bolster the instructorās authority in their particular field, increasing future income potentialā both good things.
That said (though cynics may find it hard to believe), many online course creators probably just genuinely want to share their expertise with the world.
Some creators may even be motivated by the idea of addressing gaps in existing education systems.
Or, they may simply want to find their people: courses foster communities, after all, by sparking and facilitating discussions and networking.
STUDENTS WANTED
If thatās whatās fueling the supply, whereās the demand for online courses coming from?
Several places, actually.
Thereās the always-on desire for personal and professional growth. Online courses give students a chance to acquire new skills, helping them remain competitive in the job market, or allowing them to pivot into new careers. They also let people explore new areas of interest or deepen their existing ones. Many folks simply love learning about diverse subjects across all sorts of fields.
On top of that, online courses āat least those with live lessons and group Slack channelsā can also fulfill our emotional and social needs. The desire to be a part of a community is universal, after all.
THE DEAL HAS ENTERED THE CHAT
Longtime Fv readers know that The Deal is my nickname for the advertising-supported business model. That model has fueled everything from the earliest radio stations to Google and TikTok, and I donāt believe it will ever, ever die.
As you may well have noticed, everything is marketing today, and online courses are no exception to that rule. LinkedIn Learning, HubSpot Academy and Grow with Google are just three examples of tech giants offering countless online courses, for free, to help market their core businesses.
Yep, even education counts as content marketing these days, and itās actually a huge business.
CHATGPT HAS ENTERED THE, UH, CHAT
Generative AI introduces a wrinkle, though
Systems like ChatGPT are obviously only going to get better with every additional article, video, and, yes, online course they ingest. Even the ones currently behind paywalls. (Think about it: whatās stopping the data teams at Anthropic, Google, and OpenAI from simply buying Masterclass, Coursera, or Udemy subscriptions and just feeding the transcripts from those countless courses in to their systems? Nothing!)
And donāt forget, multi modal AI (fancy AI speak for chatbots that donāt just read and write but also watch, listen to, and return videos, songs, speeches, and more) is coming, which will make it even easier for AI firms to train their content using the worldās training videos.
OK, WHATāS THE POINT HERE?
Will we even need online courses, if we can just ask ChatGPT whatever we want to know?
In our view, yes.
Earlier this month I wrote about online coursesā dismal completion rate.
My thesis as to why: deep down, everyone knows the value of education lies with the connections you develop at school, not the information you download. Itās just that, for some reason, most people seem to remember this fact after they buy and start the course.
So, go ahead and build that online course youāve been thinking of. Just be sure to build in plenty of live sessions, community elements, and āif you canā in person meetups.
Or buy the course youāve been thinking of taking.
But whichever side of the supply/demand equation youāre on, rest assured: every module, workbook, and unfinished video seminar will sooner or later end up getting ingested by artificial intelligence firms, nourishing the next generation of generative AI systems.
In our view, thatās a good thing.
Youāre probably never going to complete that principles of SEO sprint, or digital strategy bootcamp anyway.
At least GPT-5 will.
Written by Jon Kallus. Any feedback? Just reply!
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