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by codextremist 2308 days ago
Hi guys! I hope I’m able to contribute by bringing some of my own experience and real data to this discussion. I'm the founder of Classpert (https://classpert.com), a search and comparison site for online courses. In the last 6 months, we’ve managed to sell over 2000 courses, in 8 different languages and across 80 different countries (Udemy alone is selling around 200 courses each month through Classpert). So while it is true that price has an impact on low-income customers (especially from developing countries), even for developed countries (USA, Canada, Germany, Japan) Udemy still is leading the race in number of sales (at least if we use our database as a proxy of the market)

Much of their success stems from the fact that Udemy has by far the largest catalog of online courses on the web (something around 110k courses). And while some people may argue that this comes at a cost of providing low-quality courses it also naturally provides an extremely aggressive long-tail SEO strategy. The majority of potential customers don’t correlate e-learning platforms and quality (most of their customers are not high-profile HN users), so if you are googling for an online course chances are that Udemy will be ranked at the top (and on a global scale). This also explains why they have 10x more traffic than Pluralsight or 3x more than Coursera.

On top of that (an here is much more my personal intuition than data-based analysis), Udemy not only offers cheaper courses but also has not yet adhered to “subscription models”. Subscription models target specific users. Subscription models are awkward and feel totally unnatural to most “normal users”. Why on earth a normal user, seeking for a specific bit of knowledge will lock himself on a subscription? The subscription business model seems to work much better on B2B than B2C.

3 comments

Good point and I will agree to that; I am pretty much the target audience for Pluralsight, but unless my employer offers it, every time I took a subscription, I felt a strange "pressure" to utilize it (turning learning into chore rather than fun), as well as pressure to unsubscribe unless I can really justify it.

I find it strangely easier to buy a course on either Coursera or Udemy because of seeming lack of pressure :-/

I liked the site. Congrats! Very useful. Is it Bootstrapped?
Nice! We're open for feedbacks too! We received a seed from Quero Education(YC S16). Last year, we’ve made our ways to the finals but eventually got rejected by YC (S19). Not sure if we are trying a second time
You are a Udemy affiliate?
NO for offers, YES for tracking sales.

NO, because all content is regularly scraped by an in-house crawling engine specially crafted to deal with all kinds of crawling shortcomings! Typically, we crawl hundreds of thousands of courses in 4 days. The offers available through affiliate marketing networks would never work out, they just look like ads

Yes, we currently use affiliate networks to track sales (soon to be changed). This metric ensures that our product works end-to-end. At this very moment we are growing at 30% MoM and we really don’t care about revenue. We know that the e-learning landscape is completely overloaded and we’re trying to solve this problem on a global scale. Whoever wants to solve this problem, will have to think big from day one