With little lesser importance than it deserved, the education business model has played a pivotal role in helping students through this tough time as well as in the success stories of the EdTech business model. If you are searching for a new business idea in low investment, this blog is for you!
As aptly pointed out by former IT minister, Mr. Ravi Shankar; Healthcare, Education and agriculture are three priority areas in terms of technology, where the government can provide long term benefits to people of India.
For entrepreneurs who are looking to make a mark in the industry by working constantly, the EdTech business model has turned out to be the backbone of operations, irrespective of their approach to the business. SmartSchool Education's franchise model is going to be the perfect business venture that has helped several business owners live their dreams.
On an institutional scale, the EdTech business model helps the organization define itself. SmartSchool Education's franchise model is not only an earning avenue but will also help sustain and expand the operations of your business. When businesses can define themselves clearly in the EdTech sector by collaborations and core competencies, the organization sees this as its raison d'être, improving their competitive advantage.
SmartSchool Education's franchise model is influenced by several key factors, like value proposition, customer relationships, and revenue streams, which allow franchise owners to bring the right business model in education.
Following are some key points that point out the future-proof nature of SmartSchool Education's franchise model. Let's explore the new business idea in low investment with sma
1. Recession-proof business model:
Though the world was locked down in its own homes due to the pandemic, education had to be delivered to the students. As schools and universities closed their doors, digital education models sprung up to cater to the rising demand for classes for the students. While the pandemic played a key role in slowing down industries and even shutting them down, the EdTech business model proved its mettle by enabling the delivery of education through the internet.
With the world getting used to the new digital future, businesses must catch on to the trend if they don't want to risk losing relevancy in this ever-changing environment. SmartSchool Education's franchise model is going to be the best bet for entrepreneurs who are looking to be the driving force of this digital era to empower students.
2. Sustainable and scalable business model:
Education is never going out of style. As Malcolm X aptly noted, Education is the passport to the future, for tomorrow belongs to those who prepare for it today." Education has been a key aspect of human development that cannot be brushed aside under any circumstance. For new business owners looking to dip their toes in the EdTech industry, SmartSchool Education's franchise model allows them to come up with a sustainable and scalable business model that won't be limited by reach.
As we go further into the decade, the online trend is here to stay, and consumers are acclimatizing to the new digital age. One of the best traits of the EdTech business model is that the industry, with its rapid boom, will help your business gain traction very easily and thereby distribute the service straight to the students without the need of a middleman or intermediaries.
It is often noted that the users and the buyers are not the same in this industry. While students might love and use your services, they sometimes lack the influence to get their parents on board, SmartSchool Education's franchise model allows you to provide tools and strategies to coach them and find the real need for your services.
This has helped SmartSchool Education's franchise owners to deal with the recurring business since students and parents are reluctant to switch from an already established education model allowing you as a business owner to scale your business and reach out to new consumers for a sustainable business model.
3. Low investments and high-profit margins:
The key to having a future-proof model of business is its reliability and sustainability in the long run. The idea should also encourage a lower barrier of entry with higher profits as one of the major tools being free services offered to the user base to monetize in the future. When schools and universities shut down in 2020, the industry saw a stark increase in its user base and many jumped to grab the limelight on the stage.
According to a report published by Blume Ventures in 2020, the EdTech industry is going to reach $4 billion by 2025 from the existing paltry $750 million. The pandemic has made the EdTech market evolve and open new avenues for exploration. With SmartSchool Education's franchise model, new business owners can be a part of this digital revolution.
4. Ubiquitous:
With technology so deeply engrained in our culture, the education industry has gone rapid changes and advancements over the years. Mobile apps and websites have enhanced the way education is being delivered to students. And as India is striving towards a digital economy, smartphones and laptops have become a necessity for daily lives.
Leveraging this ubiquitous technology, SmartSchool Education has helped to combine the traditional system of learning with the new age online system bringing EdTech into the mainstream. You can also join and start your new business in India's nbooming education sector. This digital penetration has also enabled the data prices to come down rapidly and low-cost smartphones specifically targeted towards developing nations have contributed a lot to the growth and have helped millions of Indians connect to the internet.
Technology and innovation have helped learning become more accessible and interactive. Being beneficial to the students and the parents, SmartSchool Education's franchise model has helped add a visual flavor to enable interactive teaching. This has attracted a lot of students and for numerous reasons, this crowd has been fuelling the growth of the industry in India, helping entrepreneurs to foray into a multi-billion-dollar industry poised to be the next big thing.
SmartSchool Education has continuously worked towards making its franchise model ideal to reap the benefits of the rising industry at this opportune moment. The franchise model is focused on amalgamating tech not just for the sake of it, but due to the need for equitable distribution of knowledge, respecting the understanding pace of each individual to give rise to the next big industry.
Read More- Most Profitable Business Idea in India - SmartSchool Education
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