Starting an Online Educational Institute

[funkie]

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?

 

[Shavkat]

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.

 

[flower]

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.

 

[eldavis]

Yes it is lucrative, the most important thing is that you have value to give to the students. These days people are willing to pay anything as long as they get value and it also solves their problems.

 

[Shavkat]

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.

 

[cherry123]

it sounds good and not a bad idea but you should try to start for some subjects thst are really needed by students

 

[Bisolami]

it sounds good and not a bad idea but you should try to start for some subjects thst are really needed by students

The parents will appreciate and they will be willing to buy the course for their children. I think English language will be better because it is a general language

 

[nomad]

You can use learning management system to create online learning portal and start learning platforms like Udemy.

 

[bestwriter]

The one who starts this business should be a good businessmand and not necessarily highly qualified. The teaching faculty should be highly qualified.

 

[IB D]

Unless it would focus on teaching digital skills before it would work. An online institute to teach physical skills would not fly.

 

[King Belieal]

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.

 

[Ratine]

I think that shouldn't viewed as an easy thing as one should really be equipped with the required tactics for doing so.