5 Best Education Business Ideas to Start in India 2024
Written By: Yukta Palekar
This article provides top 5 profitable education business ideas for individuals who want to quit their 9-5 jobs and start a small business in the educational field. These ideas may include online classes, notebook manufacturing, textbook printing, or innovative business ideas in the educational field.
The article is designed for those seeking to start a profitable education business with relevant investment.
Education is crucial for growth and success, with increased income levels and awareness leading to a stable industry. There are numerous business opportunities in the education sector, offering potential for significant financial gains.
However, many people believe that education-related businesses are capital-intensive. This article presents several low-investment education business ideas, urging readers to review and shortlist options based on their interests before investing in the education sector.
5 Profitable Education Business Ideas with relevant investment
Opening a play school is a lucrative business idea that requires moderate to little high investment. With hard work and dedication, you can achieve success in this line with low investment. Play schools, like Montessori schools, play a crucial role in the education sector of the country. There are various play school franchises available, including kidzee play school franchises and Bachpan play school franchises.
For investment-conscious business seekers, there are a few cheapest play school franchises available across the country. The demand for play school franchises in Hyderabad is trending, and franchise portals receive numerous queries about taking up a Bachpan play school franchise or a kidzee play school franchise for their location.
FranchiseBazar can help entrepreneurs with low investment options in India, including some of the cheapest play school franchises and top brands like Bachpan paly school franchise and kidzee play school franchise.
The investment range for play school franchises is 2 lakhs and above.
Spoken English classes are a lucrative business opportunity for those fluent in the language. These classes can be initiated from home without any investment, and the success depends on expertise and marketing skills. With the rise of multinational corporations, English is a major communication tool. Franchise opportunities for spoken English classes include French language franchises and language translators.
Foreign language institutes and schools offer these services, and investors can explore these options at Franchise Bazar.
The minimum investment required is 1 lakh and above.
Coaching classes are a lucrative education business with investment requirements based on project scale. Top education franchises, such as paramount coaching franchise, are gaining a presence in online education centres across India. This growth is due to increased importance of education in rural and urban areas.
Franchise opportunities, e-learning companies, and coaching classes can be explored at Franchise Bazar, with investment requirements of 5 lakhs and above.
The demand for daycare centres and creches has increased due to working parents leaving their children at daycare facilities or looking for creche services.
This trend has led to the growth of creche franchise opportunities and other child care franchises in India. There is great demand for these services in top cities like Pune, Hyderabad, Bangalore, Chennai, and other metro and non-metro cities.
To explore creche franchise opportunities or child care franchises in India, entrepreneurs can visit companies like Franchise Bazar. They offer some of the top most cheche franchise opportunities for locations like Pune, Bangalore, Hyderabad, and many other locations in the country.
The investment range for these franchises is between 5 lakhs and above.
FranchiseBazar is one of the top companies providing franchise opportunities in India, offering various locations and opportunities for entrepreneurs to explore.
Software training institutes can help fill the skill gap between engineering graduates and jobs in developing countries like India. By offering courses for hot skills, these institutes can become profitable education business ideas. With the increasing IT sectors in cities, software franchise opportunities and IT service franchises are growing.
Franchise management software is a new business in this segment. FranchiseBazar offers opportunities for IT franchises in India, including top tech franchises in 2017 and 2016.
Investments of 2 lakhs and above are recommended.
Why choose to go for an education business franchise in India?
The rapidly expanding Indian education market is a profitable prospect for those seeking to make commercial investments. India's education franchises provide a readymade business model complete with training, assistance from the franchisor, and a thorough business plan.
Franchisees may swiftly grow their businesses by tapping into a large client base in a market valued at over $100 billion. Education franchisees provide a broad range of services, such as career counselling, college admissions help, test preparation, and tutoring.
The low-risk business model lowers the chance of failure by offering a thorough strategy and support from the franchisor. Because the education industry is resilient to recessions, franchisees may continue to generate a profit even when the economy is down.
Having an education franchise in India is a terrific opportunity to take advantage of a developing market, offer families and kids high-quality educational services, and make a consistent living.
Owning an education franchise in India in 2024 offers several advantages
- Firstly, the high demand for quality education is a significant factor, as parents are willing to invest in their children's education due to the rising standard of living and awareness of its importance.
- Secondly, starting a franchise is cost-effective, as franchisees benefit from existing infrastructure, brand recognition, and support from the franchisor. This reduces the initial investment required for the business.
- Next, the education franchise business model is proven and has a track record of success, reducing the risk associated with starting a new business.Franchisees receive comprehensive support and staff training from the franchisor, including training on best practices, marketing strategies, and operational procedures. Access to quality curriculum and teaching techniques is another advantage, as franchisees benefit from the franchisor's investment in research and development.
- Finally, the franchise provides marketing and advertising support, promoting the franchise to attract students and increase enrolments. Franchisees have access to resources such as training materials, curriculum, lesson plans, technology, and equipment.
Therefore, owning a franchise in the education industry offers a better chance of success compared to starting a business from scratch.
Knowing What It Takes to Manage an Education Franchise in India
Running an education franchise in India is a challenging task due to the country's diverse culture, languages, and educational systems.
- The first challenge is finding the right location with a good reputation for educational excellence.
- The second challenge is creating a curriculum that meets the needs of students, as standards and expectations vary across regions.
- The third challenge is finding qualified teachers, as India's large population makes it difficult to find qualified teachers willing to work in the franchise.
- The fourth challenge is finding the right marketing strategy, as marketing strategies vary across regions.
- The fifth challenge is creating a business plan that outlines the franchise's goals and objectives.
- The sixth challenge is understanding the legal and regulatory framework in India, as laws and regulations vary across regions.
Understanding these challenges is crucial for ensuring the franchise's success.
Market size of education franchise in India
Franchise businesses are crucial in the escalating education sector due to economic, social, and geographical reasons. With 26.31% of India's population aged 0-14 years, the Indian education market is expected to grow up to USD 225 million by 2025.
The government of India has allocated over 54,000 crores (USD 7.53 Billion) for the Department of School Education and literacy in the Union Budget, 2021-22, which is expected to boost confidence and strengthen the National Education Policy. Private schools account for 25% of the total number of K-12 schools in India, and 40% of students go to private schools.
Parents prefer private K-12 schools over government or public schools, and franchising models become instrumental in meeting these demands. The franchise business is profitable as the world operates on basic economic principles of demand and supply.
The franchise education business offers numerous benefits, including constant guidance and direction from a franchisor, including academics, hiring faculties and staff members, infrastructural support, planning yearly calendars, IT support, curriculum design, marketing, and publicity assistance, and more.
Premium education schools are always ready to diversify with 360-degree support, and the franchise model alleviates risk for both parties.As the Indian Education Market is projected to reach USD 225 million by 2025, the growth potential of this sector is huge, and franchise partners can capture the market better with an established brand name.
The franchise education model ensures recurring income as students become familiar with the curriculum and its flow, making them unlikely to switch. Sticking to one education model also comes with the emotional value of a strong brand name.
The educational sector is emerging as a valuable business opportunity in the global market, with top education brands franchising for expansion. This presents numerous education franchise opportunities for budding entrepreneurs in India, as the sector is the fastest and most growing worldwide.
Ideal candidates include those interested in the educational sector, those already working in the industry, and business and management professionals with strong business acumen. To find the best education franchise opportunities in India, register your entrepreneur profile at FranchiseBazar, and you can access the best franchise opportunities matching your profile, investments, and skill sets in no time.
Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.
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