Do you know? The education sector is facing rapid developments in technology, new ways of teaching and a growing need for more advanced learning methods. This is certainly a potential market.
Therefore, the education business is increasingly popular in the startup game.
Why the Startup World Is Getting Into Education Businesses
From the perspective of a business enthusiast, this is one of the most dynamic and fast-paced markets. The education industry witnesses the emergence of many new technologies, trends and challenges everyday.
That is why educational institutions are increasingly springing up all over the world. Innovation, creativity and agility are associated with educational entrepreneurship. There are a growing number of new solutions on how to meet the need for new solutions from learners, educators and institutions.
Benefits of participating in educational businesses:
Improve the lives of many people by educating them well. Thereby improving the quality of social life.
Open up huge opportunities in a rapidly growing segment predicted to reach $10.4 trillion by 2025.
Obtain a high level of customer loyalty. Because many learners stick to their favorite platforms and courses that they love.
Multiple income streams such as subscriptions, fees, advertising, sponsorships, donations, etc.
Meet investors with similar goals, attract interested partners, and build a team of experts who will support you.
Top 10 Education Business Startups You Should Know
1. Coursera
One of the leading startups in the education business is Coursera. This business is a huge success with $142.2 million in revenue by 2022.
Coursera is an online learning platform. It offers certificate and degree courses from leading universities and educational institutions worldwide. The platform has attracted more than 129 million users to participate in 7,000 courses, majors and learning programs on it.
Website: https://www.coursera.org
2. Duolingo
It is impossible not to mention Duolingo as a unicorn in the world of educational startups. It is a language learning app with exceptionally interesting syllabuses. Duolingo has succeeded in making learning more fun and accessible. The platform currently has more than 500 million users, offering 95 courses in 38 languages.
Besides, this business achieved impressive revenue of 138 million USD in the third quarter of 2023.
Website: https://www.duolingo.com
3. Udemy
Udemy can be considered an online marketplace that connects learners and instructors. There are more than 64 million people participating in more than 210,000 courses from 75,000 instructors on this platform.
In addition, Udemy’s business activities grew impressively with revenue in the third quarter of 2023 reaching about 184.72 million USD.
Website: https://www.udemy.com
4. Khan Academy
Khan Academy is a nonprofit organization that provides free online education to anyone, anywhere. Khan Academy has more than 137 million users and offers 8,000 videos on a variety of learning topics. Its highest revenue in 2022 reached up to 44.8 million USD.
Website: https://www.khanacademy.org
5. Byju’s
Byju’s is a company that specializes in designing personalized education platforms for students from kindergarten to grade 12. Byjus has over one hundred and fifty million registered students. Among these, seven million users have signed up for the paid version.
Byju’s revenue increased 2.3 times compared to the previous year, reaching more than 420,000 USD in 2022.
Website: https://byjus.com
6. VIPKid
It helps in promoting English language learning among Chinese students through connecting them with native English instructors. VIPKid is a company with more than a million students and a huge pool of educators. Its annual estimated revenues are estimated to be around 2.5 billion USD.
Website: https://www.vipkid.com
7. Chegg
This is a unique tool, an educational solution that helps students solve any topic. The platform works by providing homework solutions, tutoring, and taking courses. In 2022, it generated a revenue of $766.9 million.
Website: https://www.chegg.com/
8. Quizlet
The online learning tool Quizlet can help anyone learn anything using flashcards, games, and interactive tests. Currently, it has more than 60 million monthly active users, along with approximately 3 billion sets and 350 million courses in its database. Quizlet’s revenue is $75 million in 2022.
Website: https://quizlet.com
9. Skillshare
Skillshare is an online learning community that offers thousands of classes on creative skills such as design, photography and writing. It has over 12 million members, and 30,000 classes. This platform reached 14 million USD in revenue as of 2022.
Website: https://www.skillshare.com
10. ClassDojo
ClassDojo is a classroom management application that helps teachers create a positive classroom culture focused on student-centered learning. The platform has more than 35 million educators and learners in 180 countries. In 2022, ClassDojo’s annual revenue is approximately $30 million.
Website: https://www.classdojo.com
Grow Your Startups With Edu Business Marketing Consulting
Marketing is one of the hardest things in the market for education business.
Where can you find your audience? What is your selling message or what makes an offering valuable, and how do you convey that? How do you turn leads into paying customers? Do you have a strategy for retaining and growing your customers?
All these are question-oriented and need to be carefully planned and well executed. However, take a breath because EDU Passport is here for you!
If you want to grow your EDU business, you need to have an education business marketing consultant – which is what you would find in EDU Passport. This solution includes:
Extensive analysis of the competition, target, and industry environment.
A customized marketing strategy with objectives, approaches, tactics, costs, and schedule.
A special consultant crew that will help you run various channels such as emails, social media, Webinars, Podcasts, and so forth.
Periodic performance checks, reports and informative tips on best practices.
With EDU Passport’s solution for EDU Business Marketing Consulting, you can:
Boost your brand exposure and recognition;
Generate more leads and sales;
Create a level of trust and loyalty with your customers;
Enhance your reputation and credibility;
- Expand your business faster and smarter.
Ignite Your Edu Adventure Now!
Starting a business in the education industry is promising but also challenging. Make sure you always keep a cool head and prepare your luggage for this journey.
EDU Business Marketing Consulting will always be the right choice for you if you want the start of your entrepreneurial journey to be smooth. Sign up now or Contact us to learn more!
