COVID-19 has been a hugely disruptive phenomenon affecting all facets of the education sector. However, the current environment has also created countless opportunities for small, education-themed businesses to thrive. Let’s take a look at 4 business ideas that have been profitable for some entrepreneurs in the wake of COVID-19:
When COVID-19 threatened to reach critical mass, government officials in many locations made the decision to either close schools completely or migrate their students’ learning online. In either case, there were children whose academic progress got derailed.
There has always been a market for knowledgeable tutors – but, all of a sudden, the demand for them has skyrocketed as worried parents scramble to keep their kids from falling behind academically.
Skills and Credentials Needed: You’ll need to be a clear communicator if you hope to succeed as a tutor. It is ideal to have teaching credentials including a bachelor’s or master’s degree in education. However, it’s also acceptable to hold a degree in the subject you intend to tutor. It’s also helpful to have familiarity with using online conferencing platforms such as Zoom.
2. Homeschool Curriculum Publisher
In response to COVID-19, massive numbers of parents have made the decision to homeschool their children. This has created an unprecedented amount of demand for homeschool-friendly curriculum. In fact, one homeschool curriculum seller has had so much trouble keeping popular products in stock that they’ve proclaimed “Homeschool curriculum is the new toilet paper”.
In particular, there are opportunities for publishers of up-to-date, secular-worldview homeschooling materials. There are already many well-established publishers of curriculum; however, quite a few of them publish materials intended specifically for homeschoolers who choose to teach their children from a protestant, Catholic or other religious perspective. The newest group of homeschoolers tends to be secular, and so their needs are somewhat underserved by the existing base of publishers.
Skills and Credentials Needed: Education is extremely useful in this particular business niche. It would be beneficial for a small publisher to have a working knowledge of the publishing industry plus an excellent grasp of the subject material to be published. However, knowledge gaps could be filled by hiring employees with relevant experience and expertise.