Learn-and-Earn business model
Who pays for the earning part of “Learn and Earn”?
In short, less committed learners pay for harder working ones.
Consider gym memberships. Many people buy them, but few people end up going to the gym consistently. The people who don’t go as often, contribute the most to the gym owner’s profits.
Imagine you are a gym owner who wants to maximise physical health of society, rather than your profit. One way to encourage more people to exercise is for you to pay a reward to those who train regularly. Hard-working people who are consistent in their efforts can make back their membership fee, enjoy the great health benefits and have lots of fun in the process!
This is exactly how LetMeSpeak works with online education. We want to help people maximise their potential by speaking better English.