Blended learning is a training approach that blends face-to-face teaching with technology and online learning. In literally hundreds of studies, it has proven to be far more effective than traditional classroom training, and its use in schools and universities has accelerated since the start of the COVID-19 pandemic.
BLOG
Is this the perfect business model?
Here's how it works.
You set up a platform that provides the tools that makers need to create online. You provide these tools for free. Then you allow these makers to offer the fruits of their labour to users for free. This brings in millions of monthly active users.
How do you make money from this? By enabling users to make virtual purchases using virtual currency they have to pay for with real money. You and the makers both make money from these purchases, so it's a win-win concept.
There are other companies using a business model like this, but the one I'm thinking of is Roblox, the online game platform. If you're over 20, you may not have heard of Roblox. But if you're under 20, you're more than likely one of the 150 million active monthly users who spend an average of two and a half hours per day on Roblox.
Roblox was one of the tech businesses which benefitted from the pandemic, when schools were closed and kids were stuck at home. The company's annual revenue had already soared from $46 million in 2017 to $435 million in 2019, so who knows what it will be for 2020. Roblox has already announced that they expect to pay out a cool $250 million to makers this year.
How Blended Learning is Revolutionising Employee and Franchisee Onboarding and Training
The reason is simple.
Blended learning combines the benefits of both face-to-face training by experienced instructors and computer-based or online training using modern tools such as video and other multimedia, gamification and virtual reality.
For learners, Blended Learning is more engaging because the learning experience can be tailored to their specific needs and they can learn at their own pace. Employers and franchisors find BL drives faster learning and greater performance at lower cost.
So why are so many employers and franchisors still sticking to traditional training and onboarding methods? The cost and change management process are two of the most commonly cited reasons. Plus, when you're selling franchises, displaying a hefty manual is supposed to add credibility.
As a teacher, speaker, writer, marketer, entrepreneur, business leader, franchisor, thought leader and consultant, I have always been passionate about better ways to help people to learn, think and develop their competencies.
Now I have combined my own competencies together with the latest technologies and best methods, backed by science, to create my unique Learn, Think, Act System.
Introducing my new Learn, Think, Act System:
A Blended Learning approach that will produce greater results for you at less cost
By combining my expertise in producing highly effective training and guidance materials with the latest technologies, you can start getting better performance and greater results from your people in not much more time than it takes to dump your old paper manuals.
Send me the form at right to get a free professional evaluation of the effectiveness of your current manuals and/or training systems or contact me direct to talk about how my Learn, Think, Act System can transform your business.
How is your Business Model shaping up in these troubled and fast-changing times?
I'm Robin La Pere, no ordinary business consultant. Although I gave up gaming when my children became adults, I have always had a strong interest in new ideas and innovative business models. That's why the Roblox business model described at left intrigues me.
The future of business will undoubtedly be in platforms like Roblox, Amazon, YouTube and so on which make money by allowing others to make money using the tools and distribution mechanisms of the platform.
This is also a principle behind non-tech business models such as multilevel marketing and franchising. But these models can no longer afford to ignore the tech business models which are challenging them while also offering substantial opportunities to expand and diversify.
As a business scaling and franchise consultant, I work with businesses across a range of industries to combine the best of non-tech business models with the best of tech business models. The marriage is not always an easy one but non-tech businesses spurn the synergies offered by technology at their peril.
To talk with me about the opportunities for your business to grow and scale using innovation and technology, contact me to arrange a free Initial Consultation.
Don’t waste any more time and money on manuals that just don’t work as hard as they should
After years of creating powerful manuals, I have hit on the best way ever – and I am willing to share this revelation with you.
Just share your current manual (or parts of your manual) with me in complete confidence and I will send you a completely objective, professional and confidential Manual Evaluation Report.
You’ll learn:
- The 10 critical elements of a truly effective guide and training resource
- How your current manual stacks up against these critical elements
- What the opportunities are to drive better understanding, retention, performance and results from your people or customers
- How the Learn, Think, Act System could save you time and money as well as improve profitability
Send me this Form and I’ll get back to you with a Confidentiality and Non-Disclosure Agreement and my private email address so you can send me your current manual with complete confidence.
Why the hell are these companies going public at a time like this?
With the pandemic still in full swing, the timing may seem terrible – but Airbnb’s, DoorDash’s, Roblox’s, and Wish’s public offerings announcements are perfectly timed.
After filing its IPO, Airbnb revealed in a prospectus this week that although the ongoing global pandemic has dramatically impacted its earnings, its bookings have rebounded to roughly 70–80% of what they were in 2019 before Covid-19. This is in complete contrast to the Marriott and Hilton hotel chains which are still operating at only 35–40% of last year’s revenues.
How has Airbnb achieved this seeming miracle? By taking advantage of the switch from international to domestic travel and holidays and shifting Airbnb’s business model to focus on getaways within driving distance of people’s homes. Genius.
The timing is also good because China has relaxed many of its internal travel restrictions – who knew that the American company has cracked the Chinese market where Google, Facebook, eBay et al have failed? – and the December IPO may well coincide with the first doses of the Covid-19 vaccine hitting the market in other parts of the world.
The IPO could value Airbnb at more than $30 billion.
DoorDash, Roblox, and Wish all announced plans to go public before the end of the year and their motivation is more obvious than Airbnb’s was initially – it’s safe to say that 2020 hasn’t sucked for home delivery, gaming and e-commerce business models. In fact, there's a chance their fortunes could decline some way when the world returns to normal.
If you need expert help with your business model and strategy – and who doesn't in these troubled times? – now's the time to contact me for a free initial consultation.
I am a specialist in business model generation and development and work with clients throughout the world to help them navigate good times and bad.
I'm Robin La Pere, no ordinary business consultant.
Business continuity is on every owner’s and manager’s mind right now. And rightly so, but there are some companies which have actually grown stronger during past crises – and some which are growing stronger even now.
Having been through four previous recessions, I have studied the businesses which not only survive in adversity, but thrive. As a business and franchise consultant, I offer you the benefit of my experience, insights and innovations to help your business do the same.
AND IF YOU OWN OR MANAGE A NEW ZEALAND-REGISTERED BUSINESS, MY HELP IS ELIGIBLE FOR FUNDING FROM THE GOVERNMENT!
