Business Opportunities in the Education Sector

If your calling is in the education sector and you love molding young minds, interacting with and imparting knowledge, but you also want to be an entrepreneur, then this article is for you. If the disruption of education in the 4th Industrial Revolution (4IR) has taught us anything, it is that nothing is impossible.There are career opportunities that go beyond teaching and tutoring in the education sector; and some of them don’t need much start-up capital. 

Day Care Center

There is a high demand for daycare centers since most parents work. In New York, for example, you need a permit to operate a daycare with more than six children, and you will need a special license if you accept children younger than two years. There are business packages online that can guide you on how to start a daycare. 

Even though it’s not a niche market, you can make your daycare center by researching the market.  Many neighborhoods have a daycare, so competition might be stiff. You want your daycare to stand out and here are some ways to accomplish that: 

  • Choose a convenient location that has ample parking and makes drop off and pick up easy for parents who use public transport as well. 
  • Communication is vital for every kind of relationship, especially business ones. Go digital and keep parents informed about their children during the day. Always ask the parents for suggestions and ask for feedback. 
  • Safety is a crucial issue for all parents of small children. Hire qualified people and conduct background checks.Make sure your staff knows what to do in all kinds of emergencies. Make sure you know and adhere to the child-staff ratio in the area your daycare is. It is also vital to know the children’s medications and to store all hazardous chemicals in a safe manner.  

Writing Children’s Books

If you are a teacher, you can start this business as a side one to make more income.  Writing children’s books needs you to understand children and be creative. You can either self-publish or use an agent and they usually take a commission of up to 20%

If you want  to self-publish, ensure you have an active social media presence because you must do your marketing. You will have to pay for extra services, such as editing, from your own pocket

With traditional publishing your books will be readily available in bookstores, but you will get lesser royalty payouts. On top of that you will need to find a publisher to publish your work. 

Whether you choose traditional or self-publishing, you must treat book writing like a business, even if it’s a side one. Depending on the market and demand, you could make it your main job. Still, in the business of writing, you can also make sure your books are available as ebooks and audiobooks. Storytelling has no limits. 

Tutoring

Being a tutor is not a new business. However, in the digital age you can take it a step further and offer online tutoring services. With physical tutoring, your clients are only those who can make their way to you or you to them. However, with online tutoring, you can tutor anyone irrespective of location, and you can tutor more people at the same time. 

Tutoring is another business you can start as a side job and grow into a proper business. 

Blogging

Blogs and Vlogs are trendy now, with platforms like Blogger and YouTube dedicated just to them. Blogging is a comprehensive term, and you can write a blog about absolutely anything. If you are passionate about education and teaching, why not use your blog to write about that? You can even have videos discussing study techniques or assist students  with their university applications. You can also help parents in selecting certain schools for their kids as well as discuss scholarship opportunities.

There are several ways to make money through blogging and vlogging.

  • If advertisers choose to advertise on your channel or blog, then you can earn ad revenue. 
  • You can join an affiliate marketing program. For example, you could promote a specific book or study app and earn money from those sales. 
  • Sell membership to your subscribers where they will have to pay for exclusive content, tips, and extra information. 

Selling Teaching Resources

The older generation of teachers would never believe buying a prepared lesson plan is possible. However, in today’s digital world it is not only possible, but it has become a lucrative business. You don’t have to limit yourself to lesson plans, as you can also sell mark sheets, study guides, and mock exams. eCommerce stores like Sellfy make selling your resources easy. 

Closing Words

The education sector is burgeoning with entrepreneurial possibilities, and it is just a matter of picking what would suit you. With the proper research and business principles, you can make business opportunities in the education sector work for you. 

This article features branded content from a third party. Opinions in this article do not reflect the opinions and beliefs of New York Weekly.