Different LMS pricing models are available today, understand each of them to choose the one that suits your business most.
LMS Pricing Models: Which one suits you best
Choosing the best Learning Management System is a complex task and is based on various factors. You not only have to choose the best fit according to your requirements but also make the decision considering your organization’s budget. There are six different LMS pricing models most commonly offered by LMS providers. Understanding them will help you to choose the one that suits your business.
1. Pay per User
In this LMS pricing model you buy the license for a defined number of users as per the estimated number of users in your organization. The user license quota then defines the maximum number of users that can be created in your account. For example, if you subscribe for a 500 user license, you can create a maximum of 500 users in your account who will then be able to access the LMS. If you want to add more users, you will have to subscribe for additional user licenses.
This LMS pricing model is usually offered by cloud based LMS providers which means that you are not responsible for its maintenance. All the upgrades and updates are done by the vendor. This helps you focus on developing and deploying your training content for maximum effectiveness.
This model is suitable for organisations who have a defined training calendar and better estimation of the number of users who will use the Learning Management System.
READ MORE- Mindscroll Learning Management System | Cloud LMS | MindScroll LMS
