Online Education Platform

2 Online Education Platform Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Education is evolving, and online education platforms are at the forefront of this change. Simple in concept, this business involves creating a digital environment where learners can access courses and educational resources anytime, anywhere.

Imagine building a website or app where experienced educators can offer their expertise to eager learners worldwide. The initial set-up involves securing a robust platform, onboarding qualified instructors, and developing engaging, interactive content. Marketing your platform via social media, SEO, and partnerships with educational institutions can significantly drive your reach.

The beauty of this idea lies in its scalability and the global demand for flexible learning options. With the right effort, this venture doesn't just aim to educate but can turn education into a thriving business, serving students from various walks of life and corners of the globe.

In this list, you'll find real-world online education platform success stories and very profitable examples of starting a online education platform that makes money.

1. Third Space Learning ($9.96M/year)

Tom Hooper, the founder of Third Space Learning, came up with the idea for his business after selling his previous online tutoring company, BrightSpark, to TES Global. He recognized the importance of market focus and decided to launch Third Space as a second venture, with a specific focus on making one-to-one tuition accessible to primary school students, particularly those from disadvantaged backgrounds. This market-oriented approach, combined with valuable feedback from teachers, allowed Third Space to gain traction and establish itself as the largest online tutoring company in the UK schools market.

How much money it makes: $9.96M/year
How much did it cost to start: $100K
How many people on the team: 80

How I Raised $15M To Build A $800K/Month Math Online Tuition Platform

Third Space Learning has become the largest online tutoring company in the UK schools market with around 75% of English primary schools and over 100,000 teachers signed up, generating around £8m in revenue this year and delivering nearly 800,000 hours of teaching to just under 70,000 pupils since 2015, with plans to expand globally in the future.

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2. Closing Credits ($600K/year)

Buford Taylor, founder of Closing Credits, came up with the idea for his education marketplace for creators after realizing there was a lack of support and resources for amateur creators to level up their skills. With experience in the creator space and the success of his previous ventures, Taylor launched Closing Credits, which has already crossed the $500k revenue mark within 11 months.

How much money it makes: $600K/year
How much did it cost to start: $0
How many people on the team: 0

How I Left My $500M Company To Start A $50K/Month Education Marketplace

Closing Credits is an education marketplace for creators, generating $500k in revenue within 11 months and launched to Buford Taylor's active audience of 600k people.

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