Affordable Education Business Ideas that Might Interest You
Education is now among the largest industries globally. It has evolved as one of those opportunities that can interest both aspiring startup owners and franchisees. If you are planning to start your own business, then the education sector might just be of interest to you as it comes along with different business ideas—from low-cost investments to expensive ones.
Talking about the recent years, the Indian education industry has proven to be a one-stop destination for individuals that are looking to start their own business, depending upon their expertise in different fields. This is why segments like driving school, employee training, and counseling got popularised, since they emerged as profitable business ideas that are currently on in the market.
Thus, if you are one such an individual, consider going through the below-mentioned education ideas that are both affordable and profitable at the same time.
Acting School Business
If you have ever wandered from place to place for work in the film or theatre industries, you might have come across a lot of talented people that are underrated, unacknowledged, and mostly without a platform. Your acting school could turn out to be one such platform, which is majorly missing on a large scale in today’s time.
Target raw talents who are enthusiastic towards acting, cinema and theatre from all across the country, enroll them and grow your business into one huge empire. Kids’ Acting Academy and IAM Institute of Acting and Modeling are some existing acting schools that are doing great in the industry.
- Minimum Investment: INR 5-10 lakhs
- Minimum Area Required: 800+ sq. ft.
- ROI: 44%
Arts and Crafts’ Classes
This business idea is best suitable for individuals who are not only creative but are also planning to start their business with minimal investment. The enormous population of India has many people, especially children and ladies, who are willing to learn about specific arts and crafts making such as painting, pottery, sculpture, and others.
So, if you are an expert in any field of arts and crafts, establishing a business related to it could fulfill your entrepreneurial dreams.
- Minimum Investment: INR 1-3 lakhs
- Minimum Area Required: 300-800 sq. ft.
- ROI: 25% annually
Computer Training Business
As the name suggests, this is an ideal business opportunity for aspiring computer-savvy professionals. While the IT sector continues to boom in India, establishing a computer training business might turn out to be a rewarding investment.
You just need to be knowledgeable enough about computers—both hardware and software—and the internet. Once done, you are all set to start your own computer training firm. Computer training firms like Indian Institute of Computer Education and Excel Computer classes are some relatable, existing examples in India.
- Minimum Investment: INR 5-10 lakhs
- Minimum Area Required: 200-500 sq. ft. (might vary with different brands)
- ROI: 23% annually
E-commerce Consultancy Business
Big or small, businesses are now looking out for ways to tap the internet audiences for selling their products and services.
So, if you are familiar with the world of e-commerce and have expertise in online marketing and e-commerce communication, you could start this business straight from your home.
- Minimum Investment: INR 2-3 lakhs
- Minimum Area Required: 200-400 sq. ft.
- ROI: 32%
This is perhaps the most common business idea that comes to mind for new entrepreneurs due to its low capital or no capital investment. The only requirement for making this business work is very simple and basic, which is knowledge about the course you are about to teach.
Thus, if you have a specialisation in a particular subject or more, start tutoring. Remember that you can start this business on a large scale as money is not an issue. While JEI Learning is providing business opportunities at low-cost, tutoring institutes like Aakash are high on budget.
- Minimum Investment: INR 1-2 lakh (will vary, depending on the format)
- Minimum Area Required: 500-1500 sq. ft.
- ROI: 37% annually. (Will vary depending on the investment)