The education is quite a dynamic sector that constitutes not only big business ideas but also has room for small business ideas that could be started even with a low investment. This article aims to elaborate some mind-blowing education business ideas that could be started with minimal investment.
With world’s largest population of about 500 million in the age bracket of 5-24 years, the Indian education sector is poised to become a hub for great business opportunities. In FY18, Indian education sector was estimated at US$ 91.7 billion and is anticipated to reach US$ 101.1 billion in FY19.
The education is quite a dynamic sector that constitutes not only big business ideas but also has room for small business ideas that could be started even with a low investment. Both the big players and small players of industry together make the sector a lucrative space for business aspirants.
Here is the list of education business ideas that could be started with low investment.
#1 Tutorial service
The inefficiency of schools in providing quality education and the inability of teachers to focus on each student in the classrooms – these two factors have given rise to the growth of tutorial service businesses.
According to statistics, the global private tutoring market was estimated to surpass $96,218 million by 2017 and is expected to cross the mark of $177,621 million by 2026. Apparently, a tutorial service has a lot of potential all across the globe.
#2 Daycare or Pre-school
Increasing population of working parents, their concerns towards children and increasing awareness has fueled the growth of daycare/pre-school businesses in India. According to recent reports, the preschool or childcare market in India is poised to grow at a CAGR of 22% by 2020. It’s a low cost business idea that has great demand in the market and ensures greater returns.
With an advent of technology in education sector, books and libraries have taken a digital form and are now accessible to anybody from anywhere. Statistics show that the global e-Book market is growing at a CAGR of 17.40 percent over the period of 2014-2019. This suggests that the market is occupying its space in the sector and is expected to grow even more in the coming years. Starting an e-Book or library requires minimal investment and is lucrative.
#4 Educational Day Camps
Educational day camps are also known as summer camps. These camps are organized in the schools so that students could get refreshment from hectic schedules of schools and could get time to have recreational activities outside schools. With the growing demand of extra-curricular activities at K-12 level, educational day camps services are gaining more and more attention from the consumers.
#5 Stationery Manufacturing
A student requires a whole lot of stationeries such as pen-pencils, notebooks, geometry boxes, scale, rubbers and many others. The stationery is an indispensible part of education, no matter what. Therefore, stationary manufacturing business will never be a stagnant business idea. You could choose what type of stationery you would like to manufacture, and the cost of production varies with the type of stationery.