The education industry across the globe is growing rapidly. And it creates different small and medium scale business opportunities for the entrepreneurs. The object of crafting this article is to provide a list of the most profitable education business ideas for your ready reference.
With the increase in overall household income, people are now willing to spend money on basic and higher education for their children. Parents are enrolling their kids in international schools for better education directly from the primary level. Furthermore, technology-oriented courses are gaining in popularity due to the rising demand in these industries.
List of 31 Education Business Ideas
#1. Start a Play School
You can start a playschool or preschool in two ways. You can start your own school. Otherwise, you can start a franchise. The preschool is a very successful business worldwide. And the demand for playschool is also increasing.
#2. Offer Tutoring Services
If you are looking for a home-based education business with no money, offering tuition to students is perhaps the best choice. However, to become successful in the tutoring business, one needs to be focused and have good knowledge about the subjects you are planning to teach.
#3. Teach Foreign Languages
There is a good demand to learn foreign languages at present in most countries. One can teach languages like Spanish, Chinese, German, and other languages and make good money. One can earn on average $20 to $70 per hour teaching foreign languages.
#4. Start an Educational Blog
There are a lot of people making millions running blogs. An education-related blog is a profitable niche in the blogging industry. Furthermore, nowadays starting a blog is easy and it requires little money.
Read: How to Start a Blog and Make Money
#5. Create Online Courses
Building online courses is another profitable business idea in the education industry. Furthermore, it creates a recurring stream of income. There are a lot of online platforms like Udemy, where you can create online courses for free.
#6. Write eBooks
If you are good at writing and have a passion for any subject, writing an ebook is a good money-making educational business. The sales of ebooks have increased in huge numbers in the last few years. Writing an ebook is a lot easier today as many free and paid publishing platforms are now available on the internet.
#7. Become a Content Writer
Content writing is another profitable education business for writers. As more and more companies enter the online space to expand businesses, the demand for content writers is also growing like never before.
#8. Start a Publishing Business
Though conventional, still publishing business is a highly in-demand and profitable education-related business even today. One can open a digital publishing business and fetch high returns.
#9. Open a YouTube Channel
YouTube is at present the largest resource for free online learning. There are plenty of educators making huge money running YouTube channels. If you have good communication skills and knowledge of education-related subjects, becoming a YouTuber can be a gateway to becoming rich. However, having a proper monetization strategy is essential to be successful in this career.
#10. Become a Translator
The demand for professional translators is on the rise. If you have a command over two or more languages, starting a translation business can be highly profitable.
#11. Open a Bookstore
Though the bookshop market is competitive, with proper planning and an innovative approach one can make good money in this business. However, retail location is highly critical to the long-term success of the bookstore business.
#12. Acting School
The entertainment industry is an inflation-free industry. And it is creating opportunities for actors, actresses, and models. Many young performers are eager to establish their careers in the industry. So, acting schools are gaining popularity not only in the metro cities but also in the suburban towns.
#13. Career Counselor
Career Counseling business is another high-demand business in the education industry. More and more parents are looking for efficient careers and counselors all across the globe. If you have the necessary expertise, consider opening a career counseling business.
#14. Open Business Management Institute
The business management institute is one of the most successful education-related businesses. However, the business demands substantial capital investment in infrastructure and human resources. Furthermore, you will need to do the right promotion to attract the right audience.
#15. Dance Academy
You will find numerous styles of dance in the country. Broadly you can classify it as classical or folk. However, the modern dance culture is different. Generally, modern dances are more popular than traditional styles. You can start a dance academy with moderate capital investment.
#16. Drawing School
Moreover, every student goes to the drawing school in their childhood days. However, there must be a demand for a drawing school in your locality. In addition, you must make the arrangement for the board examinations for the students.
#17. Hotel Management Institute
The hotel management institute is one of the most lucrative businesses in the education industry. However, it demands proper strategic planning and substantial capital investment. In addition, arrangement for the placement after the completion of the course is hugely important for the overall success of the institute.
#18. Martial Art School
Martial art is gaining popularity in most cities and towns. However, it includes a wide range of styles like Boxing, Karate, Krav Maga, Kung Fu, Kickboxing, etc. You can start a small martial art school with a small capital investment.
#19. Music School
Broadly music caters to two categories. Vocal and instrumental. Starting a music school demands a small capital investment. However, the right planning and promotion are important to get overall success.
#20. Spoken English School
You will find a lot of franchise offers for spoken English schools. If you want to start with a small capital investment, then it is better to start with a renowned brand.
#21. Teacher Training Institute
The teacher training institute for Montessori teachers is a good business to start. The gross profit margin is lucrative. However, you must check your state law about the institute.
#22. Ball Pen Refill Manufacturing
Ballpen is an essential item for the students. You can start manufacturing ball pens even from home. Ball pen refill manufacturing business demands small capital investment.
#23. Chalk Making
Chalks are actually round-shaped sticks and it comes either in white or in colors. A chalk pencil is a writing instrument on the blackboards. However, the consumption of this product is huge at the school level.
#24. Eraser Making
Eraser is a rubber product. The major consumers of the product are students, artists, bookkeepers, typists, and others. This is the only item available for the correction of the mistakes. In addition, you can set up a small-scale rubber eraser manufacturing unit.
#25. Gem Clip Making
The gem clip-making process is simple. An entrepreneur with low startup capital can initiate this business as a home-based also. There is a huge demand for 100% stainless steel to make gem clips globally.
#26. Glue Manufacturing
Glue is an essential item for the students. They use it not only for repairing purposes but also to craft different projects. Also, the glue manufacturing business is profitable. However, you must secure different licenses to start manufacturing glue items.
#27. Notebook Manufacturing
Any individual can start a notebook manufacturing business on a small scale. Notebooks, exercise books, and registers are essential items for schools, colleges, and offices. Even you can start this business from home.
#28. School Bag Manufacturing
A home-based school bag manufacturing business is a profitable venture. Only with different types of sewing and cutting equipment, you can start this business. However, you must use the raw material to get quality and long-lasting bags.
#29. School Uniform Making
Every school maintains a special dress code. In addition, management schools are also maintaining the uniform nowadays. And students need to follow that. You can start a school uniform manufacturing business from home.
#30. Staple Pin Manufacturing
With a single machine, you can start a staple pin-making business. However, you will need to use good quality wire as raw material. Every educational institute uses this item. Even this is an essential office stationery item.
#31. Wooden Pencil Manufacturing
A wooden pencil or lead pencil is an essential item for students and artists. Generally, HB and 2B pencils have popularity in most countries. There is a growing demand for wooden pencils in the market.
We hope, this list of 20 lucrative education business ideas will help you to make an informed decision in starting a business.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.