Hey there everyone, today let's discuss the feasibility of starting an online business in the form of an online academy or online institute where students can pay money to learn various skills or to even polish what they learn in school or university - in all of your opinions, is this a lucrative business model?
Starting an Online Educational Institute
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In my opinion, it is best to target Asian countries, such as China, Vietnam, Thailand, and the others. Even if you are not going to conduct a feasibility study, it is obvious that this kind of business will be profitable.
If you're targeting those countries, it means you want to teach English but if it is any other subjects like mathematics, I don't think it will be viable.
I do think that it is more feasible to teach the English language as compared to Mathematics. In my country, there are a lot of English academies who cater the needs of the Asian students who want to learn the language, especially Korean students. If wanting to teach other subjects, I am sure it can be added.
The one who starts this business should be a good businessmand and not necessarily highly qualified. The teaching faculty should be highly qualified.
There are already many online schools and they are doing well. Trying to set up that would require a big budget for marketing and promotions.
