How to Build a Business in Education Niche?

[Jasmine]

If you want to start a business that can make you money in a short time and that also has lower chances of failing, go for education based business. Education is booming as a business. The total value of education industry is 6.2 billion world wide with a growth rate of 10 percent. With the increasing demand for learning, there are plenty of money-making chances for both individuals (like teachers and educators) and businesses. Even if you can't start your own school, college, or university, you can still create a small business in the education field. One of the easiest ways is to start publishing tutorials, creating courses and selling them, and starting an online learning platform.

 

[Etini]

You can even start as an extra tutorial center and expand to become a mini school. I have seen this work out for so many people. The most important thing is to be excellent in what you do with your educational centre. Try as much as you can to ensure that there is a marked improvement when someone attends your tutorial or educational centre. If you can teach in demand courses, your school would be like a magnet that attracts people from everywhere around.

 

[moonchild]

Building a business in the education requires experience in the field, for example of you have years of teaching experience and you know how to run a business you can actually go ahead, another alternative is to partner with someone that has the skills you're lacking.

A generic advise here is to basically start small, you can do this by only investing a small part of your capital in the business and grow it from there, if you receive a positive feedback in the market, you can then grow from there else you pivot till you get a product market fit.

 

[Mika]

You can create your own online learning platform. YOu can either create your own courses or allow users to register and sell courses. You can even acquire PLR curses and then resell through your own website. All you need is a domain, hosting and LMS (learning management system) to create online learning website. If this sounds complicated, you can just create courses and then start selling form online learning platforms like Udemy. The third option is offer courses by streaming on social sites and charge fees