Profitable Business Ideas in the Education Industry
Are you interested in new small scale education business ideas to start? The education industry is one of the largest industry and a multi-billion dollar industry in the world. Have you found love in the education industry and you are thinking of starting a business in the niche? There are many business ideas in the education field that any entrepreneur can venture into with little capital and succeed in.
As far as education is part of our existence, this makes the education industry a profitable industry to invest into. The opportunity in the education industry is massive and entrepreneurs can leverage the opportunity to make wealth. To get grants and funding for your business, you need to develop a solid education business plan.
So, without wasting much of your time, here are 15 top business ideas in education sector that any serious entrepreneurs can choose from:
LIST OF TOP EDUCATIONAL BUSINESSES AND OPPORTUNITIES
Starting a daycare center is one lucrative business idea in child education and training. The business involves educating infants with educational toys and multimedia.
The business idea is very lucrative because busy parents are always looking for trusted place to drop their kids while they go out to hustle. The business does not involve employing too much staff for teaching. It just entails you have necessary facilities that these kids will find comfortable with till their parents return.
Before you can start this business, you will need license and approval from the ministry of education of your state or the appropriate authority.
- Make-up School
This is another innovative educational business idea in the education industry that is making a lot of women very rich these days. Most people especially girls enroll in make-up school to learn how to do make-up so they can open their own make-up store and become self-employed.
- Arts and Crafts Classes
Many people want to learn different arts and crafts such as sculpture, painting, knitting, pottery. Plaster of Paris etc.
If you have knowledge and you are skillful in arts and crafts making, you can turn that skill of yours into a business venture. The business can be run from your home. It just involves hosting training classes on a particular art and charge a set fee for it.
- How to Start a Primary School
Starting a primary school is another profitable business idea in the education industry. It is quicker to get pupils enroll in primary classes than in secondary. If you start with a kindergarten, it gives you less stress in getting pupils for your primary classes.
Just like starting any private school, you as an entrepreneur is expected to collect permit to run a school from the ministry of education of that state.
- Start a Music School
This business idea has made so many rich and you have to be part of them if you have found love for music. Many people are enrolling in music schools to learn how to play musical instruments. And guess what? You don’t need to know how to play musical instruments to be able to start a music school.
As far as you have the entrepreneurial idea to run a business, you can run a music school. You just need to have the musical instruments and hire a music coach for each instrument to teach the students. With this, you can easily expand the music school further to add other instrument learning center to it.
This business idea can be capital intensive because you will have to rent a place and buy the musical instruments you will be using to teach your students. If you can’t do all that, you can start small by carrying your instrument to people’s home to teach them.
- Catering School
This is another interesting food business idea in the education industry an entrepreneur may want to consider. This is a school that teaches how to bake cake, bread and whatever, and how to cook several intercontinental and local dishes.
Because the market is so lucrative as people will always need cakes and catering services for their wedding, birthdays, anniversary, people are now going to catering school to learn the skill so they can make money by satisfying this market. There are many education franchises you can maximize in this niche.
IT has taken all over the world. This market is ever rich as everyone want to learn how they can operate the computer like those computer wizard so they won’t be left behind in terms of being a computer literate. Running a computer training institute where you teach various computer programs as well as other added services is a very profitable computer education business for entrepreneurs to consider.
- Dance Academy
There is no state in any country that doesn’t have two or three dance school. This shows the profitability of the business. This business idea has proven very profitable for decades and there are lots of dancing competitions hosting every year.
This opens application for people to come register at your dance academy so they can fight for the championship.
- Fashion Design Institute
This educational business idea is perfect for entrepreneurs who has technical knowledge about sewing. You can open a fashion design institute where you will be teaching fashion design lovers how they can make clothes and other fashion designs.
- School Books Sales
This business does not involve lots of capital to start. All the entrepreneur needs to do is visit schools before they resume their terms to ask for their list of textbooks and obtain permission to supply them these textbooks.
You just need to find the location of the publisher and sign a contract with them to be their distributor for your residing city or state.
There are still schools in remote areas that are still using chalk board to teach their students. You can open a chalk production factory and fill the need of these schools. The good thing is that, the business doesn’t involve huge capital to start. With as little as $100, you can kick-start this business.
This business is mostly for teachers that needs extra income. If you are good in any particular subjects (especially Mathematics and English), you can start a home tutoring business.
This is the most popular education business idea as it doesn’t require any capital to start and parents like to keep their children busy with book work instead of playing around.
- Exercise Book Production
If you are looking for the best business ideas in education industry that the return on investment is guaranteed, you can go into exercise book production business as both pupils, students and teachers will always need exercise book to write.
Start a bookshop to fill in the need for people always looking for good books to buy for educational purpose and leisure. You can choose to stock in school books, motivational books or any kinds of books as far as it is an educational book.
To increase sales and patronage, you can also choose to have an online store where people can order for your books online instead of getting restricted by location.
- Skills Acquisition Center
This is yet another department of education business idea. If you have the capital, you can choose to start up a skill acquisition center where your staff will be training several people on acquiring various kinds of skill to empower themselves financially.
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Oluwamayowa holds an MBA degree from Obafemi Awolowo University.
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