Features, roadmap and support offerings are all essential considerations when selecting an LMS. But none of that will matter if it’s priced out of budget. When it comes to LMS pricing, the published number doesn’t always give you the full picture. Rates may vary based on feature add-ons, access to support and learner usage, so it’s important that you come into these pricing conversations with comprehensive knowledge of how pricing works.
Let’s start by looking at the three most common types of LMS pricing models. The first is all-inclusive. An all-inclusive model gives customers access to the LMS’s full suite of features and services at a flat rate. The second is packaged LMS pricing. This model offers different rates for different feature bundles, allowing you to select the package that best fits your feature needs and upgrade if/when the time comes. The last type of pricing model is called metered pricing. Metered pricing fluctuates on a monthly basis based on the number of learners who access your online courses.
There are pros and cons to each type of pricing model. Considerations such as your training goals, monthly active learner volume, budget and company billing structure all play a key role in finding a suitable pricing model. If you find yourself in a situation where the LMS is perfect on all accounts except for pricing, inquire about a custom contract. If the LMS vendor is truly a good fit, they will work with you in coming to pricing terms that you’re happy and comfortable with.