The Education industry is one of the most profitable prospects for new school-related businesses in 2019.
There is no shortage of entrepreneurs selling:
• online courses,
• educational apps, and…
• other educational products on the internet.
The fact that people are suddenly involved in this industry is no coincidence.
There’s plenty of money to be made here – if you play your cards right.
Online, educational products are often completely digital in nature.
These digital products are some of the most profitable things you can sell on the internet because they represent a major source of passive income.
Passive income is something which continues to earn you money, even after your work is complete.
Once you create your online course, the work is finished.
You can sit back, relax, and watch the money pour in as students sign up to take your course online.
At the very most, all you’ll need to do is update your course periodically and spend some time on marketing strategies.
However, online courses aren’t the only way to earn great money in the education industry.
There are plenty of other amazing, profitable ideas.
You don’t even need to create online educational products if you don’t want to.
You can even set up your own brick and mortar business within this industry.
The possibilities are almost endless, and there’s a business idea out there which fits your unique…
• budget restrictions, and…
With so many available options, picking a business that works for you is easy.
My top pick is in local lead generation – the very industry that uses nothing more than digital billboards and a few key ingredients for automation.
There are no tricks or hidden agendas when it comes this business model…
You simply make a living off of helping the business owners in a region or community to build their brand and image by helping their neighbors and friends to take care of their needs in and around the home.
After all, what better way to get moving in entrepreneurship than to help a business in your area to grow.
And if you can do it in one city, you can do it in multiple cities across the nation; in some cases, maybe even across the globe.
By building and positioning digital assets online and getting them to the top of a marketplace for relevant search engine queries…
You’re able to begin taking control of one primarily valuable asset – customers in the marketplace and where they get funneled to.
If you can send them to a particular business, their bottom line could expand…
And you can take a piece of the action…
Just like Airbnb and other household brand names did to expand their bottom line…
It’s a high-income skill that you can figure out relatively easily.
Our local lead generation coaching program provided an opportunity for me to figure this out and earn my way out of a corporate 9 to 5 within my first year of entrepreneurship.
Now, I operate – and own – a multiple 6 figure business…
And I still run it in my spare time; just like I did when I got started while balancing a full-time job.
Check it out with the link above, or read more about it at the end of this article…
For now, here are ten profitable businesses to start in the education industry:
1. Educational Apps
Creating your own app is always a very profitable idea, and the educational services business industry presents plenty of opportunities for a wide range of different apps.
There are many examples of profitable educational apps, including things like Duolingo.
This is an app that helps people learn new languages.
Brain training apps are also very popular.
Creating your app definitely requires a lot of work.
First of all, you’ll need some form of programming knowledge.
Alternatively, you can hire a programmer to do the work for you.
When creating an app, you should also have a unique and interesting idea.
There’s a lot of competition in this industry, and it’s always a good idea to stand out.
You’ll also need to market your app in some way, which might cost significant funds.
Finally, you’ll need to decide how you’re going to earn money with your app.
You can offer your app for free while earning money through in-app advertisements. Alternatively, you can charge a fee for each download.
Making an app could be tricky, and it involves a considerable investment.
That being said, it’s probably going to cost a lot less than setting up a brick and mortar business.
Apps are an extraordinary source of passive income.
Spend some time and money developing an app, and it’ll continue to earning you cash for many years into the future, even when you’re sitting at home relaxing.
There are many different possibilities when it comes to this idea.
So long as you can think of a creative and innovative educational app, you should be able to make considerable funds with high-profit margins.
2. Specialized Coaching Centers
If you’re interested in setting up, consider starting a specialized coaching center.
These educational facilities focus on coaching people on slightly more obscure skills.
The possibilities are endless.
You could set up a coaching center for growing certain plants, taking care of animals, creating arts and crafts, and much more.
Your coaching center might also focus on tech skills, such as video editing or website creation.
Start your coaching center based on whatever skills you think might be popular in your area.
Coaching centers are most profitable when they focus on skills needed for professional careers.
There’s a higher demand for these skills, and it should lead to more profits. Think about this as you set up your coaching center.
Obviously, you’ll need to rent or lease a business space for this idea to work.
You might also need to hire specialized employees and instructors who understand the topics you’re teaching.
You’ll also need to do some renovations in your business space to create an educational atmosphere.
Desks, whiteboards, and computers might be needed. You might also need specialized teaching equipment such as projectors.
This business idea represents a pretty major initial investment, but profit margins might be very high.
Most importantly, keep in mind when setting up this business is to teach skills which are high in demand.
With a steady stream of new students, your coaching center should rake in tons of cash.
Childcare is among the fastest growing industries in the world, and it is already worth billions of dollars per year.
Combining childcare with education is an extremely promising option for anyone who wants to start a new business today.
Preschool is unique because it falls outside the jurisdiction of the national educational system.
Unlike elementary schools, high schools, and universities, private companies can start their own preschool businesses relatively easily.
The main priority with this business is simply to look after the children. But preschool/daycare centers also start to introduce some basic educational elements.
Many preschool centers are marketed as innovative and experimental learning centers which promise higher development and learning in children.
Parents might be very interested in preschool centers that promise these kinds of results, and it could become extremely profitable relatively quickly.
This is another example of a brick and mortar business, and you’ll need to rent business space. That being said, preschool centers can be situated in relatively small spaces.
You’ll also need to hire relatively skilled employees with a background in early education.
If you’re going to market your preschool center as groundbreaking and innovative, you’ll probably need to hire experts with university degrees in this area.
Remember, looking after children involves a lot of responsibility.
There have been countless stories of daycare centers which have been shut down due to negligent behavior. Some have even faced legal action.
This is why it’s so important to hire the right people…
Even if you’re running a normal preschool center with relatively small scale business ideas in education.
Because both daycare and education are such profitable industries, this business is extremely promising.
If trends continue, there’s no reason why a daycare center can’t rake in tons of cash.
Hire the right employees, develop great marketing strategies, and you could be earning a fortune in no time.
4. Online Courses
This is perhaps the most popular form of educational business right now.
Spend just a few hours surfing the web, and you’ll probably encounter a handful of ads promoting various online courses.
It seems like everyone has their own online course right now, and tons of entrepreneurs are rushing to grab a piece of this profitable industry.
These entrepreneurs understand that while it only takes a few weeks to create an online course, the money could continue to roll in for countless years after it’s published.
The fact that so many entrepreneurs are earning heaps of cash with online courses is a great sign.
Of course, this also means that the industry is completely oversaturated, with insane levels of competition.
The best strategy is to offer an online course that no one else is offering right now. With this method, you’ll lock down an entire niche with little competition.
Think about some new technological innovations or pieces of software. What new skills are trending right now? How can you create a course that many people will want to take?
Sometimes, the answers are a lot less obvious than they might seem.
Most entrepreneurs tend to create courses focused on online income, marketing, traffic generation, and other things of that nature.
But people could also be trying to learn other skills on the internet. Maybe people want to learn how to grow certain plants, start farms, or create certain types of art.
If you really wish to think outside the box, consider creating a course based on more “hands-on” skills instead of those based on online income.
That being said, courses based around new ways to make money are almost always the most popular. People are always searching for the next “get rich quick scheme.”
That brings up an important point: always be genuine with your online courses. Teach real skills that deliver results, and don’t try to sell people unrealistic dreams.
Your course will quickly get negative reviews online, and your reputation will be ruined.
Obviously, this business idea requires you to be an expert in some particular field. If you don’t know what you’re talking about, then don’t try to create a course.
It’s that simple.
You might think that you don’t have any skills. While that might be true, everyone’s good at something.
Think carefully, and we’re sure you can figure out something to teach the entire world.
Just to frame this with perspective, there are plenty of courses out there that teach people how to do things like “think positively,” meet women, or meditate.
Alternatively, you could also hire real experts to help you build your course. Profit margins will go down as a result, however.
Creating online courses is incredibly easy today, and relatively little programming knowledge is necessary.
With online platforms like Udemy, you can create your own courses with their easy to use online software.
Spend a few weeks creating an online course, and you could provide yourself with an excellent source of passive income that’ll keep the money flowing for years to come.
5. Specialized Exam/Test Prep
There are countless students out there who are seriously anxious about their upcoming tests and exams.
In many cases, these tests and exams might be very important for their future.
High school students take specialized exams that help them get into college.
Medical schools, law schools, and other institutions have their own entrance exams that are essential for acceptance.
Many students do everything they can to score highly on these tests…
And this includes hiring specialized instructors to help them prepare.
Starting a business centered around this concept is a highly profitable idea.
You might think that this is essentially identical to tutoring.
In many ways, this is true.
But while tutoring is a more general term for study help, test prep is much more specialized.
Because of this specialized service, you might be able to demand higher fees.
Specializing in test prep also allows you to target a highly specific market…
Raising your chances of locking down tons of students in your area.
While there might be tons of tutors in your neighborhood, there are probably relatively few individuals who specialize specifically in test prep.
With this business, you have a few different options.
You might choose to offer an in-person service or travel to the student’s home and help them study face-to-face.
Good luck finding a recommendation like this on some of the popular 12 hot home business ideas lists.
Another point for consideration may include setting up a brick and mortar business, similar to the coaching center we had mentioned earlier.
You might also choose to create an online tutoring service.
But with whatever option you choose, it’s always important to have extensive knowledge of the topics you’re teaching.
Spend a lot of time researching and mastering the various tests.
Don’t claim to offer test prep services for a specific test until you fully understand it.
Remember, the structure and content of certain tests might change from year-to-year.
Always stay updated on the latest developments.
Although you can definitely run this business by yourself…
You’ll need pretty extensive knowledge of the related subjects, and you should also be comfortable with teaching others.
If that doesn’t sound like you, there’s always the option to hire other tutors to work for you.
There are quite a few options when considering this business.
But the main benefit across the board is the fact that you’re specializing in a highly targeted area of academic studies.
Tests and exams are results based.
Provide your students with excellent results, like in almost any business model, and you can anticipate longevity in the industry.
However, I know that longevity doesn’t mean much to someone that’s hurting for a way to generate income immediately.
Likewise, I was looking for a business model when I was living in a run-down, low-rent apartment complex in Detroit, Michigan…
Laboring extensively for a corporation that probably laughed when they hired me for only $35,000 per year…
And I was ready for a change.
Other entrepreneurs may be well-off all ready and prepared to invest in another business opportunity that could produce additional revenue streams without any major efforts.
I won’t sugar coat how leveraging search engine digital billboards online – that you build and own – can be more than simply lifting a finger…
Generating leads for local business owners can be a lucrative side hustle if launched smartly.
Any business owner can confess to there being work involved prior to achieving success… especially up front.
However, to produce referrals from the internet is a very powerful business model…
It’s essentially how Lyft, Uber, and others founded their great start as well:
• Produce information about people willing to buy from you in the area.
• Pass it off to an expert who is also willing to execute from your referral.
• In exchange, you keep getting paid to keep sending more work their way.
If you’re looking for a “Win-Win” business model, I’d say you’ve found it with local lead gen.
After all, your ability to provide a highly desired commodity – even sales leads – can be something that you could build a living off of.
Depending on how you set up this business model, however, you could also find yourself working less and bringing in more cash over time.
Not sure where to begin?
Our lead gen coaching program showed me exactly what I needed to do in order to walk away from the corporate job in under a year.
Scope it out if you’re looking for your next big business idea and possible success story.
6. Create an Online Tutoring Platform
While tutoring is certainly profitable, sometimes the real money is in the actual platform that tutors use.
We’ve seen this before countless times.
Uber, Airbnb, and countless others have earned an incredible amount of money by creating a relatively simple online platform for others to use.
If you think about it, the work they’ve done to create this platform is incredibly minimal.
Airbnb and Uber consist of pretty basic apps and sites, and yet millions of people use these apps every single day.
While Uber drivers and Airbnb hosts are making good money in many cases, the actual platform is raking in the real cash.
Apply the same logic to the tutoring industry.
Create an online platform for other tutors to use.
Similar to Udemy, you might offer a basic “course building” software that allows tutors to design their own study plans and lessons.
Unfortunately, this idea is hardly new. There are many online tutoring platforms out there, and you’ll be dealing with tons of competition.
This might make it harder to attract tutors and new customers to your new platform.
However, there are a few ways you might succeed even in this oversaturated market.
First of all, you could offer a greater financial incentive for other tutors to join your platform.
How much do other platforms pay their tutors? Offer a bigger cut, and many tutors might migrate over to your platform.
You might also choose to specialize in a particular area of study. For example, you could combine this business idea with the test prep business we already mentioned.
Specialization is always a great way to lock down a steady stream of guaranteed customers.
It’s worth mentioning that this business plan requires tons of hard work and dedication, not to mention funding.
Creating such a complex platform might be pretty challenging, and you’ll probably need to hire programmers (assuming you don’t already have programming knowledge yourself).
But this heavy investment of time and money could seriously pay off in the long run. A new, innovative tutoring platform could be exactly what this industry needs.
7. Sell School Supplies
A lot of people don’t fully realize how popular school supplies are.
If you’re interested in an eCommerce business, then this could be a highly profitable niche to get involved in.
Many school supplies are some of the best “impulse buys” imaginable. Pens, pencils, erasers, and other stationery items are cheap, interesting, and almost impossible to resist.
There are numerous ways to sell products online, but drop shipping might be your best bet here.
Dropshipping is an eCommerce strategy which involves making deals with third-party suppliers, mostly located in China.
With drop shipping, you don’t need to make an initial investment, and you don’t need to store any inventory.
You don’t even need to ship your items. All you need to do is create an online store, market your items, and deal with customers service.
As soon as you sell your items online, your third-party supplier is notified, and the items ships. You earn a profit margin on each item sold, and everyone wins.
So why is drop shipping so perfect for stationery items?
You might find some seriously great deals on low-cost stationery items sold in China.
It shouldn’t be too hard to find pens and pencils for around 20 cents each on dropshipping platforms, but you can turn around and sell these items for a couple of dollars each on your own sites.
Those are some seriously awesome profit margins.
Sure, your customers could easily find those same pens and pencils for 20 cents each if they just contact the supplier directly.
But why bother?
They’ll only save a dollar or two, and it’s not really worth their time.
That’s the beauty of “impulse buy” items. Customers don’t really think twice before hitting that “buy” button.
The key here is to pick trendy items. Know your audience. You’ll most likely be marketing towards parents, high school kids, and university students.
Consider colorful, interesting, and gimmicky pens and pencils.
Themed school supplies with cartoon heroes and popular characters from animated movies are always a big hit.
Combining eCommerce with the education industry might be an extremely profitable move. You don’t have to use dropshipping strategies for this business to work.
You could always create your own products if you have a larger budget or sell products in a more traditional fashion on Amazon or through your own online store.
At the end of the day, there’s a massive demand for school supplies, and this business has every chance of success.
8. Create a Career Based Blog or Magazine
Creating a blog is always a good idea, but a lot of people often lose sight of why people visit blogs in the first place.
Generally speaking, people visit blogs for one reason: To become educated.
The end-goal of a good blog is to save us valuable time we would have spent doing online research. The information we’re looking for is neatly compiled in one convenient place, and we find exactly what we’re looking for.
Because blogs are based heavily on educating readers, this is an excellent business for any entrepreneur who wants to take advantage of the heavily profitable education industry.
Blogs can be about pretty much anything, but we recommend starting a career-based blog for the best results.
While people might want to educate themselves on a variety of different topics, they’re more likely to search harder for subjects that impact their careers.
Blogs that give people tips on how to succeed in a certain industry or career path are incredibly successful.
Like most education-based businesses, you’ll probably need some level of expertise in these subjects if you want your blog to be successful.
You don’t need to be the most respected figure in the entire industry, but a little bit of background knowledge definitely helps.
Of course, you can always do tons of research to help make up for any gaps in your knowledge.
Maybe you’ll start a blog that teaches people how to become successful at traffic generation, social media consultancy, or any other popular topic these days.
Alternatively, you might also want to start a blog based on more obscure and less popular career paths. While these topics are less popular overall, you’ll also have less competition.
This allows to lock down an entire market of people in a relatively short amount of time.
For example, you could start a blog that teaches people how to start their own bamboo farm, or a 3D printing business, or anything else that seems relatively obscure.
Blogging might take a few years before it becomes truly successful.
You’ll need to build up an online audience, which is always hard.
Don’t give up and stay patient.
If your blog becomes successful, it’s a great source of passive income.
There are plenty of people who earn seven figures or more with their blogs.
And the great thing about starting a blog is that it’s a relatively low investment of both time and money.
If you’re seeking an easier way to take advantage of the educational industry while still working on other high demand business ideas…
Then starting a blog could be an excellent route to incredible, passive profits in the future.
Consulting is one of the most profitable income methods available…
And countless consultants earn healthy sums with relatively low investments of time and effort.
While many people might not associate consultancy with education, the two concepts are very closely linked.
As a consultant, you’ll be offering expert advice to individuals working in a particular field or industry.
The most successful consultants work with major brands and companies…
Helping them develop major strategies that heavily impact their bottom line.
Last but not least, a proofreading business could be a great way to earn income in the educational industry.
Many students have to write essays and term papers throughout their educational journey.
Creating a proofreading business could be a great way to provide a valuable service to these students.
The extraordinary thing about this business idea is that only grammar skills are needed.
To start a basic proofreading business, you don’t actually need to understand the subjects being discussed.
This is important because, for many entrepreneurs, it’s unfeasible to learn about complex university subjects just to start a small business.
You can run this business online, in-person, or both.
An additional idea would be to edit and proofread other things, such as university applications or even resumes.
There’s always plenty of demand for proofreading services. You can start this business alone, or with other employees.
You can also easily expand this business as you get more customers.
In any case, this is probably one of the easiest businesses to start in the educational industry, even if it’s not the most profitable out of all the ideas we’ve discussed so far.
The educational industry is definitely expanding, and the internet has really kicked things off in terms of online courses, guides, and apps.
After all, the internet is basically just a means to communicate information.
Education and learning are one of the main reasons people access the internet every single day.
Although you can learn a lot from free articles and YouTube videos, sometimes you need education with a little more depth.
There’s no reason why your educational business can’t be successful, as long as you’re providing a service that is high in demand.
The great thing about the education industry is that there are so many different opportunities.
As you’ve seen from the ideas we’ve listed, you can start a wide range of different businesses.
From online courses to physical education centers and even eCommerce, the possibilities are almost endless.
The education industry is more than just a single type of business; it’s an entire niche.
So, if you’re considering a business…
And you’re not sure which niche or category you should choose…
Consider focusing on some form of education.
You’ll have a very high chance of success.
Whatever business you choose, it’s important to remember that education, in general, is a results-based endeavor.
Students are awarded grades based solely on their performance.
Even if your students aren’t at school, you need to provide them with some sort of the desired outcome.
While it could be a poor choice to make unrealistic promises to your students…
Consider giving some examples of past customers who have used your services to achieve higher success.
If you’re offering a test prep course, consider showing some examples of successful students who have achieved high scores.
If you’re offering some professional coaching, show how your education can help people succeed in their chosen industry.
Most people purchase educational products because they aren’t happy with the situation they’re in.
They want to lift themselves to new heights – even if they don’t really have a clear picture of what that might entail.
The key here is to provide a clear picture of exactly what success might look like after they complete their education.
Give them a goal. Give them something to work towards.
All in all, the educational industry is filled with lucrative opportunities.
Choose the business which fits your personality, your motivations, and your goals.
If you become successful with your education business, you’ll establish a foothold on a rapidly growing industry that will only become more profitable as the years go by.
The time is now.
Start your education business today.
Launch Your Passive Income Stream and Multiple 6 Figure Business with Local Lead Generation in 2019
The local lead generation business is a very simple one…
As local service providers need more paying customers to service, what I do is build and rank simple websites on search results.
Ranking in Google organically, this serves as a digital billboard that buyers will notice and take action on…
Those people become leads that I – then – hand over to the service business owner.
That’s all I do, is operating a business based on the Win-Win idea of helping others build their business…
And I get paid handsomely for doing it with hardly any maintenance requirements in the business model.
That screams PASSIVE INCOME to me; and there’s no limit on how many times you can do this, so the business model is extremely scalable.
Just check out my very first lead gen digital asset in the limo rental space; as you can see, it’s already dominating the marketplace at the top of search…
Other than some simple and affordable website hosting impact costs, this long-term expense of this business model is simply laughable.
More importantly, the valuable, virtual real estate you see above is raking in upwards of $750 per month.
All it does is sit there, pass over paying customers, and the small business keeps sending me checks month after month!!!
Now I run a multiple 6 figure laptop-based businesses that I can simply access anywhere I want to travel (so long as the internet is accessible, of course).
If you had a resource that walks you thru how to do this with a simple looking website like this…
Would you be interested?
I know I was – and extraordinary things happened for me when I took this local lead generation coaching program seriously.
It’s nice no longer having early morning commutes that result in a soaked business suit for 8-hours a day…
Only to walk home in the freezing, bitterly cold winters of the northern states (thanks, Detroit).
Scope out our coaching program – then get in touch – and learn more about how this Win-Win business model can make a difference in your life…
Like it has mine and many other students of the coaching program who started just like I had…