Starting an education business can be a rewarding and profitable venture. Whether you’re interested in tutoring, test prep, or online courses, there are many opportunities to help students achieve their academic goals. Follow these 10 steps to create a successful education business that makes a positive impact on the lives of your clients.
India’s growth in current years has been led by the services sector only. The most evident aspect has been the recent big boom in the education sector. The real advantage that can be tapped by expanding dimensions in education to keep ahead of the curve of rising domestic and global demand.
Celebrated Astro Strategist™ cum Business Astrologer™ Hirav Shah recently had a chit-chat about the evolution of the Education sector in recent times. As per Hirav Shah, the Indian Education sector is one of the largest with more than 1.4 million schools and more than 850 universities and 40,000 higher education institutes. India is also bustling with the world’s largest population in the age group of 3 to 23 years which is the target market for the sector. He tells us that if you are considering stepping in the Education Sector, now is the right time. This sector is massive and its demands are doubtful to get fulfilled even in the next two decades.
Due to the awareness about education and an increase in the income level of people, it is one field that will never witness a recession. There are many business opportunities pertaining to the Education sector and initiating any of these can give you good sums of money. Many people have a misconception that businesses related to education would be very capital intensive.
Hirav Shah lists down some great profitable education business ideas that do not require much capital investment. This includes education-related business ideas also.
Low-Cost Business Ideas in Education That You Can Start Today
1) Opening a play school
Opening a play school is another lucrative business idea that requires moderate to little high investment. You can take franchise of any famous playschool or obtain a license from the government for opening a play school. With hard work and dedication, this can turn out to be one of the best school-related businesses to start with low investment.
Favorable Zodiac Signs for play school Business : Leo, Virgo, Pisces
2) Manufacturing of School Uniforms and Bags
Every school has a unique uniform, so it is a brilliant business idea that can be initiated from home also. You have to take the contract from a few schools for this. You can also start a unit of manufacturing school bags. Before starting this business, you should attain complete knowledge about the material required and the stitching process. Many schools even look for customized bags. If you can employ some critical employees and can deliver school uniforms and bags on time then this is one of the best education business ideas to start with low investment.
Favorable Zodiac Signs for Manufacturing of School Uniforms and Bags Business : Taurus, Cancer, Scorpio
3) Stationery business
Books, copies, files, pens, pencils, crayons, sharpeners, etc. are a few items that are always in demand throughout the year. This business does not require expertise too and can be initiated with low investment. You can also expand if you can afford some additional investment.
Favorable Zodiac Signs for Stationary Business : Aries, Sagittarius, Aquarius
4) Software Training institute
These days there are thousands of engineering graduates who are passing out, but not able to get jobs. This is due to the skill set gap between what is expected vs what is being taught in the colleges. If you can open a software training institute and provide courses for hot skills then this can turn out to be one of the most profitable education business ideas in developing countries like India.
Favorable Zodiac Signs for Software Training Institute : Aries, Virgo, Capricorn
5) Spoken English and foreign language classes
The importance of the English language cannot be underestimated and with good English-speaking skills you always have a niche over others. If you are very fluent in speaking English, you can take a spoken English class. If you are well-versed in any foreign language as well, you can start teaching it to the interested students. Many students are interested in learning foreign languages. This business can be initiated from home also without any investment. The success of this business depends upon your expertise and marketing skills.
Favorable Zodiac Signs for Spoken English and foreign language classes : Taurus, Leo, Pisces
6) Online e-library
For this business, you need to convert all physical books into electronic format. You have to give the library membership with a subscription amount to the interested readers. It is a growing business option with huge potential.
Favorable Zodiac Signs for Online e-Library Business : Gemini, Libra, Sagittarius
7) YouTube channel as an Education instructor
If you are very good at explaining things and possess expert knowledge about a certain subject, you can become a YouTube star by starting your education channel. You need to make videos and help children in understanding the topics related to the subject. To gain popularity you can apply for a channel partner program for showing advertisements on your videos.
Favorable Zodiac Signs for YouTube Channel as an Education Instructor Business : Aries, Cancer, Aquarius
8) Printing press
If you know about printing technology you can start your printing press. You are required to print books and other printing materials in your press. The investment required for this business is moderate.
Favorable Zodiac Signs for Printing Press Business : Leo, Scorpio, Capricorn
9) Career Counselor
If you possess extreme knowledge about the various career options available to a student, you can start giving services as a career counselor. Career counselors charge fixed money for providing guidance. This business can be started without any investment.
Favorable Zodiac Signs for Career Counselor Business : Taurus, Libra, Aquarius
10) Education project business
College students are often piled up with projects to be done. If you are innovative and ready to help students, you can start your education project business. It may be some writing project or some practical model work. An example is about helping engineering students with project work ideas. It is a very good lucrative business option.
Favorable Zodiac Signs for Education Project Business : Aries, Cancer, Pisces
You can open a versatile bookstore that keeps books for every grade, and of every type. You can also keep second-hand books. It is important to conduct market research before commencing this business. Moreover, the location of the store and your promotional strategy will also play an important role.
Favorable Zodiac Signs for Bookstore Business : Gemini, Virgo, Capricorn
12) Online teaching
Online teaching is one of the most trending and popular Education business ideas. Any individual who is an expert in a certain field can initiate this venture without any investment. You just need to have a computer system and a good internet connection for this. You can either start your own online teaching business and associate with any professional Institute. You can charge some fees per hour or per day session.
Favorable Zodiac Signs for Online Teaching Business : Aries, Scorpio, Aquarius
13) Education Blogger
If you have expertise in a certain field, you can start blogging about it. There is no dearth of people looking forward to more and more knowledge. If you can find the right niche and provide them with meaningful content, there are good chances of making good money from blogging through advertisements. This is one of the best online education business ideas that require less investment.
Favorable Zodiac Signs for Education Blogger Business : Gemini, Virgo, Scorpio
14) Work from Home Ideas for certified teachers
There are several companies that are offering certified courses and you can work from home as a certified teacher. E.g. Cuemath work from home program is where you can earn up to Rs 40,000 per month. One can review such programs, get certified, and earn money. This is one of the best business ideas for teachers.
Favorable Zodiac Signs for Work from Home Ideas for certified teachers : Taurus, Leo, Sagittarius
15) Daycare Center
This is the demand of many working parents to have the facility of daycare after schooling. You can start with a small daycare school. This business has immense opportunities for growth if you receive good feedback regarding the care of the children. This is one of the best educational business ideas to start now.
Favorable Zodiac Signs for Daycare Center Business : Cancer, Virgo, Capricorn
Hirav Shah concludes by saying that unlike other businesses, starting a business in the Education sector is proving to be highly lucrative these days. If you chose the Education industry then you are no stranger to the emotional quotient that comes along with it. You are knowingly or unknowingly contributing largely to humanity by being a part of this essential field. As big as the industry is, the challenges are equally numerous and intense. But like all difficulties, the solutions lie within your potential and resources, if only you are willing to foresee the direction of action.