Online Tutorials are Setting New Trends in Education Biz
Children these days are super smart and are well aware of the power of the internet. The sudden boom of internet connectivity has paved ways for the tutors in more ways than one.
The study reveals that education sector holds a huge inflow of business opportunities as well as new ideas to invest in the education business.
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 percent to reach Rs 232,500 crore (US$ 34.87 billion) in next 10 years.
Byju Raveendran, Founder, Byju's Learning app, said, “What really works for people from small towns is the drive that pushes you. I learnt English by listening to commentaries. We are driven by positivity. And everything I learnt was by myself, which is the best way to learn.”
Here are some of the points to back that Online Tutorial 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 at any subject and you think, you are great at 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 to waste.
Byju said, "Our focus is to ensure that learning becomes more personalized, has a fast pace and is fun.”
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 the 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.