Are
you interested in starting a business in the education sector? If yes,
then below are 14 education business ideas you can start and earn
unlimited income.
There are currently 53+
university-institutions in Nigeria, owned variously by the Federal and
State Governments, and the private sector. Also, there are more than 250
higher education (HE)
centers, including Polytechnics and Colleges of
Education. With hundreds and thousands of secondary and primary schools
spread across the Country, this is an opportunity for you have to start
earning unlimited income; by creating supportive services for this
sector of the Nigerian economy.
How to Tap the Education Business Ideas and Opportunities
Armed with a properly done
feasibility study and a well written business plan, i strongly believe you have a chance to succeed as an entrepreneur in the education sector.
Average Cost of Securing a Shop Space
The average cost of securing a space in any higher institution varies, for instance in Lagos; a mini shop outlets is
N2000+ per month, while a bigger shop outlets cost
N3500+ per month, a free space cost
N1000 per month,
and for some of the business opportunities listed here, you may not
need to operate from the schools or campuses, you can use your home as
an office or you operate an office entirely outside the school or
campuses
Joint Ownership: This is a situation
where two people come together to rent a space or outlet. There are
situations where more than three individuals operate in an office.
Having made this point clear, below are the 14 education business
opportunities that can fetch you unlimited income
13 Education Business Ideas and Opportunities You Can Start Today
This
is not new but I have not seen any recruitment agency that is set up
primarily for the education industry. This is where you can come in. You
can distinguish your business from the existing ones by announcing to
the whole world that your job is to recruit for schools and nothing
more. Your slogan can be;
“We recruit for schools and nothing more!” This
will announce your agency quickly amongst the elite schools in the
country. Most of the elite schools are getting busier by the day and
need specialized agency to recruit staff for their schools. They also
need this service to fill positions left by any member of their staff
during the course of the session. This can be another great education
business idea if you put in so much effort and passion into setting it
up. You can extend your service to other educational establishments in
the country apart from the secondary schools and primary schools. You
can also add functional guidance counseling department with your
services as you grow. You can carry out lots of researches on the
internet to obtain relevant interview materials
Your
major duty is to pick already published books and find a market for
them. This is a seasonal business and the market according to an
unconfirmed report is worth over a billion naira put together. The
Nigerian academic calendar runs on a three terms per session format and
the third or last term is when you are expected to be active as a
seasonal book sales businessperson, and it won’t even affect your normal
or regular job.
To succeed in this business, you need to visit
schools as early as the beginning of the second term to collect copies
of their book list and to obtain permission to supply books to their
students. You can also visit the Ministry of Education in your state or
at the local government for copies of the list of books. You should find
out the location of the publishers of the book you want to supply. Let
me inform you at this stage that you may not be able to supply all the
textbooks. You should just pick one or two and see what you can do with
that. However, if you have the capacity to supply all, you can go ahead.
The books on languages like Yoruba, Ibo, Hausa language and other
literature books, I have observed from experience are the ones that most
schools need suppliers for. You won’t have so much competition for
these subjects.
School
chalk production and marketing is still an education business idea that
can fetch a smart businessperson great income for years to come. There
is still a large market for this business and the supplies are few. The
equipments for the production of chalk at a small-scale level are mould
mixing, hand gloves, mixer, dryer, trays. Raw materials required for
the production of chalk are calcium carbonate, thickener, colorant for
colored chalks, limestone. Limestone can be used to substitute for
Calcium carbonate. You can start with a little as N30,000.
A
lot of Schools in Nigeria are looking for people who will give them
quality internet access. Most private and public schools need this
service and I believe you can take up the opportunity as an educational
businessperson. There are many internet service providers in the country
that you can visit. You can also use the 3G broadband technology, which
will guarantee improved transmission speed and reduction in internet
service prices
Set up Cyber cafés Business in the Higher Institutions
The
cyber cafes business can be a very profitable venture in the higher
institution. With the use GSM 3G broadband internet service, you should
be able to start one in any higher institution in Nigeria. I visited
some café in some higher institutions; there were no free computers at
almost any time of the day.
Barber’s Shop or Salon in Schools
This
is a small-scale education business opportunity and it will be very
profitable for you if have the barbing skill. Most of the boarding
schools may be in need of your service if you can barb. You can approach
the schools and offer your hair cut services, I bet that the schools
will be ready to do business with you. There are so many boarding
schools springing up and this business can add a lot more to your income
especially if you have more than 5 schools under your care. The best
way to approach any school is for you to pay a visit to any of the house
parents or house masters (
these are the custodian of the children in the hostel).
If you can win them over, then you can get the job. You can also do
this business even if you do not have barbing skills, by teaming up with
an expert on the trade. Find him the schools and the contracts and
share the profits with him.
13 Education Business Ideas and Opportunities You Can Start Today
School Review on Radio and Television
You can start a Television or Radio talk reviewing the performance of schools (
Nursery/primary, secondary, or private institutions)
in this country. Nigeria currently has about 140 TV stations and over
200 radio stations and you can start packaging quality programme
contents for this sector. The various Television and Radio houses will
also love this initiative and this can even provide you an opportunity
to collaborate with them, if you can submit a great proposal to them
highlighting the benefits of your programme to them and the public. You
have to do a lot to support your show at the early stage especially if
you cannot find a radio or TELEVISION station to partner with. You will
however, in no distant future begin to earn enough revenue from adverts
placements to support your programme. Your major preoccupation at the
early stage is to put in lots of efforts to make your programme become a
“
darling” of TELEVISION viewers and Radio listeners.
There
is a growing intense pressure on students, parents, guidance
counselors, and school owners to obtain genuine information on this
topic. Though some schools have guidance counseling departments to
source for this information, most of them still lack some of the vital
information on this topic. This is where you can come in as an intending
education business man. You can go over to the internet to do proper
research and documentation on this topic. There are actually
organizations, schools, and individuals giving out scholarships to
deserving students all over the world. Find out about some of these
organizations online and start making money in this sector
The
fact that most universities and colleges have campus newspapers does
not mean that they are good papers or that there is no room for another
campus newspaper. Creating and producing an unofficial campus newspaper
is very straightforward. The paper can be published on a weekly or
monthly basis and distributed free of charge throughout the campus and
community. Selling classified and displaying advertising to local
business wishing to gain exposure to the paper readership base will
support the paper, information, articles featured in the newsletter can
focus on campus issues and events, and most of the information can be
obtained free from students, readers and freelance hobby writers
Every
parent will one way or the other pay for school uniforms. Many of these
schools will not allow their students to make their uniforms from an
external source. All the uniform needs of the students must pass through
the school. There is so much money exchanging hands in this school
uniform business that I believe a smart businessperson should take
advantage of.
Education Seminar Facilitation
I
am sure this may be news to you that most schools in Nigeria (primary,
secondary, higher institutions) have formed the habits of searching for
and engaging the services of different speakers on different topics to
teach either their students or staff members at different times during
every school session. To them, if you are a speaker on any topic that
will add values to their staff and students, you are welcomed to deliver
your services in their schools. I am one of the beneficiaries of this
business workshop. I have been invited for various workshops at
different level; you can also join the train- with the right
information. Most schools even have a budget for this, so it is left
for you to find out how you can cut your own pie from this budget.
Writing and Quiz Competitions Organizer In schools
Writing
or quiz competitions have been organized by different organizations in
Nigerian schools from time immemorial. Many individuals and
organizations are now cashing in on the prospects of making money on a
regular basis by organizing such competitions However; you need to
determine the type of competition you want to organize and which level
of the Nigerian education industry you want to target.
Producing Educational Audios and Videos
There
are not many educational audio and videos in the Nigerian market. This
form of business should be right for the education industry. Educational
products packaged in these formats can really aid the learning process
of students. Students can learn adequately on their own without the
presence of any physical or human guides.
You
can take the initiative now to set up an educational information
marketing business or company; whose major or only activity is to
produce good education audios and videos for the Nigerian market.
As
a final note, if you are really serious about making money and building
a profitable money making idea into a successful business, then don’t
waste any more time. Take advantage of the numerous money making
opportunities in our educational sector and I will
see you at the top.
