Starting a business related to education is a perfect decision for academics with entrepreneurial inclination.
Parents spend millions of dollars on the education of their children. They leave no stone unturned in making their children land on dream jobs and be highly respected by others in their communities. There will be a sustainable market for educational products and services as long as people give education such importance.
While anyone can start a business in the education sector, students and academicians are at a great advantage since they are in touch with education. The entrepreneurial urge is the only thing required by them to tap the lucrative yet growing educational market.
By starting an education-related business would mean earning while helping others develop economically and ethically. Here are 7 profitable business ideas educational entrepreneurs who may also be students and academicians can consider in the education industry.
1. Teach English
If people are to make a successful career in any field, they require to learn English. There are many students and job seekers who aren’t good at speaking English. They are willing to pay a fee to people who can make them fluent in writing and speaking of the English language. So, if you have a good command of English, you can teach them English classes.
2. Tuition class
Parents nowadays show extra educational care to their children while sending them for private tuition. Assuming that you are an educationally qualified person and at the same time have a good hold on teaching art, you can provide private tuition classes to the school-going children and higher students living around your place. If you find success in generating good results, it’s for sure that a vast pool of students will come to you for private tuitions in the future.
3. Open a bookstore
Selling books allows you to earn high profits as a book is generally a nonbargainable item. Whatever the price printed on books, customers won’t hesitate to pay it. Proximity to educational institutions like schools, tuition centers, colleges, universities, etc., is an important factor that needs to be considered while opening a bookstore.
4. Online tutor
The growing popularity of online education helps explain why online tutors are in demand. You can embrace two ways to benefit from this opportunity: register your profile as a tutor on various online learning platforms, and the second option is launching an online tutoring business on your own.
5. Private nursery
Nursery school is arguably the first place that builds self-esteem in children while facilitating home-like conditions to them. It assists in inducing excellent social skills in kids, but they help them achieve better grades. Because of such benefits, more and more parents turn towards nursery schools.
Besides it, there are even huge gaps such as quality education, a comfortable learning environment, etc., that many nursery schools still fail to fill. If your place is yet to see its first nursery school or such gaps prevail in already established ones, think not beyond starting your private nursery school.
6. Primary school
Primary school is the second education institution after a nursery school a child is exposed to. It lays down a solid foundation in a child’s academic life while giving them exposure to simple arithmetic rules and other essential learning stuff.
If there isn’t any private primary school yet built at your place or in existing schools low-quality education is being offered, consider starting a private primary school there.
7. Driving school
Driver schools aim at helping people learn safe driving. Driving isn’t something we genetically inherit from our parents. It has to be learned from someone who already knows how to drive, and it is no surprise that thousands of people around want to learn driving skills before taking their newly bought vehicles on roads. If you know how to drive cars safely, what better you can start other than a driving school in your locality.