Wednesday, May 2, 2012

Business idea : Education

How you ever wondered what the best way to perform a certain task is? I believe this happens to everyone ever so often. And the manuals that we are given are just information overload. 

So the way to resolve this issue is to learn off people who has figured out a way to simplify the process. And that is where an education-based business comes into play.

There is a few things that you would need to get it started :
1) A location to hold your classes
2) Material needed to teach the subject matter
3) Practice and industry application of the subject matter

An example would be a yoga class. Some yoga classes would go for $20 per class of 1.5 hours. With a booking of let's say $100, you would just need 5 people to cover your cost. You then implement a yoga type, for instance Bikram Yoga that has over 20 different poses to perform. When the classes get big enough to be about 20 people, you are making a profit of $300 for each class.

The hardest part of this is to build reputation/brand name for yourself but once it is established, the money starts flowing in.