Introduction
Technology advancement is gaining its potential in the assessment area. Many businesses are getting benefits from it. With Online Exam Software businesses earn their revenue at some good level. As we show previously on the blog the online exam software market will grow 9.01% with each year. So, you have an opportunity to make a career around online education.
However, there are some ways that you can earn money with it. In this blog, we will talk about how can we earn money around online exam software. What are the topics or metrics that can help to make good revenue? First, let’s take a look at what are the features of the online examination.
Features of Online Exam Software
Nowadays online assessments have many features. As we see the online exam software trends in 2023. Many institutes implement these changes. First, trends like AI-powered proctoring are one aspect. Because it automates the proctoring task for an organization. Second, Mobile-First Design where designers and coders develop the application start from the mobile. The third and most important Gamification module helps to engage more students in the exams.
Another main feature of the trend is cloud-based solutions, It helps institutes to store exam data at any percentage. Also, to access information at any time, anywhere. The last feature that might attract you is personalized learning, It helps organizations to analyze the student’s performance at the individual level. And to create a report on where students need improvement.
Now let’s take a look at how AI is changing the Features of Online Exam Software.
As we know AI is changing every sector where technology requires it. AI (Artificial Intelligence) is changing the proctoring department completely. Ex. Facial Recognition & Biometric Authentication – With advanced features like that students can not cheat.
Also, you can improve the audio-video monitoring system with the AI. With the Automation of grading teacher’s workload is decreased by a certain amount. Now let’s take a look at your main question how can you earn money with online exam software?
How you can earn money with Online Exam Software
1) Conducting Centre-Based Examination
There are many organizations that are taking online exams for many purposes. One of them is private limited companies. They take virtual assessments for hiring purposes. Because it benefits both the organization and the candidates. Even, Government are taking many exams on the online platform. Ex. SSC (Staff Selection Commission) conducts exams for CGL and many other various posts in centre-based online tests.
So, if you want to start an exam centre then please continue reading. Businesses can create a centre-based examination with the purchase of exam software services. Before conducting the exam you have to go through the entire process of creating a perfect exam.
First, you have to purchase an office area or hall area that has enough space of minimum 200 to 400 students. But the centre has some minimum requirements that have to fill.
That includes:
- PC Requirements
- Software Requirements
- Data storage facility
- Stable Internet Connection
- Another facility like AC, Restroom, Water, etc.
After the fulfilment of these facilities, the centre has to purchase the centre-based software. So, from that you can give access to various organizations to conduct exams at their given location. Also, one aspect is the exam location must accessible to all require candidates.
After giving access to various organizations to conduct exams you just need to maintain the facility of the centre and you would have a good amount of money in return.
Ex. GATE (Gradual Aptitude Test in Engineering) exam is a centre-based test conducted by IITs. You just need the contract for that.
There are many companies in the market that provides you with software for this business. But the leading company in this sector like ConductExam gives you the best solution for centre-based test software. If you want to start your exam centre in India you should read the below blog.
Also Read: How to Start and Run Online Exam Center In India?
2) With Question paper generator
If you are a teacher or educator from any field. You may like this software because it will give you an extra benefit from this service. The aim of the software is to decrease the workload of the teacher in schools, colleges, or any institute. In the traditional examination teachers or some outsource candidates create the question paper for the examination and also they have to do all other work hand in hand.
However, now the software gives you an edge benefit that it can create question papers by anyone and they can sell the papers online or to the institutes. (Which first they have to hire)
Teachers can sell the papers that were created by him/her and get a good amount of money from them. it can save time and effort in the preparation of exams for the organization.
Moreover, with question paper generator software you can give customization services to clients who require the processed question papers for specific exams or subjects. In addition, charge an additional fee for creating unique assessments that meet the customer’s specific requirements.
3) With Proctoring Services
In the era of remote assessments, maintaining exam integrity is crucial. There are several companies that provide the proctoring service. But You can start a business that only focuses the AI-powered proctoring. You can build software that performs the proctoring task like facial recognition, locking browser, etc with an AI model. Then you can offer different proctoring packages to clients, ranging from basic automated proctoring to more advanced live proctoring options.
Moreover, you can do partnership with educational institutions to provide proctoring services for their exams. With this kind of agreement, it allows the organization to generate a good amount of revenue.
4) With Certification Exams
You can buy online exam software and collaborate with industry associations, educational organizations, or other private companies to deliver certification programs through your online exam software. However, you can charge fees for exam management and for creating a certificate.
5) By working as an invigilator in the examination
When you are implementing the online exam software/offline exam software, it will not require much staffing for the examination. Because of the features like proctoring software and per-question timer. But it requires a candidate that has knowledge of the technical field. Because it might be possible that some issue occurs while students giving the exam and you have to solve it instantly. So, if you have technical knowledge then you might consider it.
Conclusion
Online exam software offers various opportunities for generating revenue or getting an efficient amount of money from it. Whether you are an educational institution, an examination centre, or an individual teacher, this software can unlock new opportunities for earning money and establishing your presence in digital learning.
ConductExam software provides you with customizable online exam software that can help you with various tasks and lead you to earn some money from it. ConductExam already provides its centre-based test (CBT) platform to many centres, and they now generating a good amount of revenue.
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