Profitable Education Business Ideas to Start in India in 2023

 The Indian education system is one of the best in the world. This sector accounts for more than 115 Billion US Dollars and is assessed to grow to 225 billion USD by 2025. The industry is enormous and you have ample business opportunities to explore in this field.

The education sector provides one of the highest job opportunities to people consisting of teaching, non-teaching, and support staff. Around 3 crore people are employed in this field.

The education industry is at its peak and Covid-19 has also been a boon to this sector by providing digital schooling to students. Investing in the education business is profitable in the long run because it has no adverse impact due to a pandemic or market fluctuations with no decrease in demand.

Demand for the education industry is growing rapidly. What are the best education business ideas in India in 2023?

Below is the list of the 5 best education business propositions in India for a favourable future.

●    Online teaching- Tutoring is one of the most profitable jobs in the field of education. You need to be an expert in the particular subject so that your clients trust you enough to mentor the children. The fees charged are also decided by you.

●    Computer Training- In today’s technology-led world, everyone wants to be well-versed in computers. A person wants to have a basic knowledge of computers because even the banking and billing process has turned computerized.

Computer coachings are in high demand recently and you need to have a space to start this business which is added to the investment. You should remember that it is a profitable business in the long run.

●    Play school franchises- Preschools have recently seen a great surge in their demands. Parents are sending their kids to school at an early age to have holistic development from the beginning. Investing in a reputed play school franchise is a business idea with great returns in the long run.

●    Thesis making-  If you are proficient in academic writing, you can help students with their thesis. Most of the students find it monotonous and tiring, ready to pay to get it completed within a given time. You can also open a thesis-making service store which is profitable in the long run and you earn a satisfactory income.

●    Educational app- You can create an educational app like e-dictionary, language learning, or video learning education if you are a programmer. This has become one of the necessities and educational apps are high in demand. Byjus is one of the best educational apps which provides help to school students as well as prepare students for competitive exams like NEET, CAT, IIT-JEE and IAS.

 See more: Top 10 education franchise in India

 

What are the best education franchises in India?

5 best education franchises in India are:

●    IBT Institute Pvt Ltd- It is a premier coaching which prepares students for competitive exams. This has more than 100 institutes across India.

Initial investment: INR 2-5 lakhs

Area required: 800 to 1,500 sq. ft.

●    Twin Win Academy- It is a training establishment that coaches students on life management, personality development, career counselling, innovation, interview skills, and confidence skills.

Initial investment: INR 2-5 lakhs

Area required: 300 to 1,000 sq. ft.

●    Vedant International School- It is a school to provide good education to students with the latest technology.

Initial investment: INR 2-5 lakhs

Area required: 1,000 to 1,500 sq. ft.

●    Prerna Education Services- They provide quality education to students and take out their best skills to work. They make the students productive with their talents rather than letting them go to waste. They are based on theoretical teaching.

Initial investment: INR 10-20 lakhs

Area required: 1,200 to 1,800 sq. ft.

●    Junior Engineers: They provide more than basic education on maths and science to kids. They use practical and creative methods for the better future of kids with set skills of the 21st century like problem-solving, curiosity, leadership, decision-making and acceptance of failure, and entrepreneurship.

Initial investment: INR 10-15 lakhs

Area required: 750 to 1,000 sq. ft.

 

Significant Factors that have impacted the growth of educational franchises in India.

India has seen a significant surge in demand for educational franchises. Some of the factors for the growth of educational franchises are:

1.  High Success rate- School is a necessity and cannot be cut off even during a recession. Demand for education did not stop even during the pandemic and students opting for online tutoring.

2.  Reputed brand name- By investing in an established education franchise you already have a strong customer base. Parents are ready to send their kids to school due to its credibility.

3.  Franchisor’s support- You receive full assistance from the franchisor to operate your school. They help you in generating a school's curriculum and syllabus that is beneficial for the kids. They also provide training and workshops to faculty members.

4.  High-profit returns- You will receive great profits and less financial risk if you get a licence from a renowned brand. You also don’t need to pay for marketing as the brand is already well-established.

5.  Quality education- The franchisor will ensure that you have qualified teachers who provide the best education to students.

6.  Trained administrative members- They provide training to the administrative members so that the school operations run smoothly and management is up to the mark.

 

According to an article by The Times of India, the education franchise business is particularly attracting businessmen due to the high demand for quality education. According to research, there are around 26 crores students in Indian schools and the figure is estimated to increase to 30 crores by 2030.

It further states that although people think that running a school franchise has limitations, it is not the case. You can easily get loans approved by the banks because the education franchise has its balance sheet and investment requirements prepared already. The franchisee also has the freedom to choose their business partners, if any, along with other decisions for the school.

 

What is the top education franchise in India?

Education franchise is high in demand in India but furthermore, play school requirement is increasing drastically. People are wanting to send their kids to school from an early age for their overall development. Parents feel that children can grasp and learn things quickly till the early age of 6 and their emotional and physical development is finest at that age.

 

One of the finest play schools in India is EuroKids. As per APN news, EuroKids is one of India’s popular preschool franchises and has acquired several awards namely,

●    Asia’s Most trusted Preschool Brand 2023

●    Indo-Global Entrepreneurship Forum 2023

●    Best Preschool Education in Asia

●    Best Franchisor of the Year 2022

●    Bengaluru’s best Preschool of the Year 2022

EuroKids has been recognised for its remarkable educational activities, dedication to children’s education, business awareness and business franchise growth across India.

EuroKids’ motto is ‘Child First, Safety First’ and they guarantee that they provide a comfortable environment for the child to Learn, Play and Grow and inculcate necessary life skills. EuroKids has inaugurated a progressive and knowledgeable curriculum letting go of traditional teaching methods- EUNOIA.

They have also introduced its HomeBuddy app that assists parents so that they can be a part of their child’s learning experience. The app is a gold mine of content that offers additional learning apart from the class work. The app features Yoga kids and Eurofit videos, weekly learning plans, DIY activities, worksheets, audio-visuals, Euromusic videos, Read Along stories, live classes and parents corner.

K V S Seshasai, CEO of the Pre-k division of lighthouse learning expressed his joy at bagging so many awards.

He also thanked the teachers, faculty members, franchise staff and everyone who worked hard to ensure that the learning never stopped for the kids. He further added that their motto ‘Child First’ has helped them to let go of the conventional teaching methods and new creative ideas were brought about to make learning fun.

 

What is an education franchise business model?

An education franchise business model refers to an agreement signed by the franchisor and franchisee. Ambitious franchisees obtain the right function under the brand name of an established franchisor for running a quality school according to their rules and regulations.

Conclusion

An education franchise business is one of the best options to invest in if you want to follow your entrepreneurial dreams. It is better to take up a franchise rather than start your own business as it decreases the risk of losses.

The demand for educational franchises is high because it helps in shaping a better future for children. The combination of evolving market demand for educational franchises with verified business models of the franchise has led to its successful outcome. You also don’t require a certificate in the educational background to buy the franchise, you just need to have leadership and managerial skills to succeed.

In the end, it is very important for you to do market research before buying an education franchise business and know which brand will benefit you in the long run.