E-tutors, New Competitor in Education Sector Business
Children these days are super smart and are well aware of the power of internet. The sudden boom of internet connectivity has paved ways for the tutors in more ways than one.
Education system in India is undergoing a rapid expansion. There can never be a better period than this for the Edupreneurs to jump on the line and make their presence felt.
The IBEF study says at present, higher education sector witnesses spending of over Rs 46,200 crore (US$ 6.93 billion), and it is expected to grow at an average annual rate of over 18 per cent to reach Rs 232,500 crore (US$ 34.87 billion) in next 10 years.
India and Germany have signed an agreement on vocational education and skill development with a budget of US$ 3.37 million, which will help create and improve cooperative workplace-based vocational training in India’s industrial clusters.
The Government of India has allocated around Rs 17,000 crore (US$ 2.55 billion) towards skilling, employment generation, and providing livelihood to millions of youth, in order to boost the Skill India Mission.
This study reveals that education sector holds a huge inflow of business opportunities as well as new ideas to invest in education business.
One of the most in demand opportunity of recent times, which is witnessing tremendous growth, is E-tutors.
Here are some of points to back that E-tutor is the most profitable business idea:
There is a very famous saying, ‘If you are good at something, don’t do it for free.’
So if you are good in any subject and you think, you are great in explaining the subject to students that is it. You can start your e-tutor class from any part of the planet and let your knowledge on the subject to travel to the ones who seek but only after paying the sum.
Doesn’t it sound easy? It indeed is. There are tutors, who are teaching students from abroad all at a time and making money. Why let your valuable knowledge go waste.
In offline tutorials, a teacher is loaded with if not hundreds, at least 40-50 students per day. And to deal with all 40-50 and giving them personal attention somehow gets lost in the crowd.
Moreover out of these 40-50 students only a few come out with their doubts, rest all swallow their doubts or cover them under their shyness or fear of embarrassment.
Thus online makes it easy for them to open up with their questions and it becomes easy for the teacher to pay attention to almost all of them.
One can see instant results for all the hard work poured into coming up with a tutorial website, which is why constant feedback helps n improving the learning process better.
Parents want their kids to do well in exams, which is why they keep a close watch on their investments. They instantly give feedback and suggestions and it becomes easy for the teacher to pay close attention to such valuable information.
Scope for Improvement:
You can provide study materials for the student’s reference from internet, which might not be there on textbooks. You can also change the way you teach and look out for various easy methods to help your students find the solution of the problems.
Online mode gives enormous opportunities to rectify, modify and add examples or methods to help spread the knowledge better and leaves enough space for improvements.