Online learning is an inevitable part of the present as well as the future. In addition, it continues to grow at an incredible rate. A survey conducted by Best Colleges states that 74% of students find online learning better than or equal to classroom learning. The online learning industry was further pushed by the pandemic, with additional demand for more platforms to learn online.
The students, as well as teachers, started to seek a common place to connect for learning. This online learning marketplace trend inspired many aspiring entrepreneurs and instilled confidence in the vast business populace that people achieve huge success if they try hard to get into it and launch learning marketplaces.
The online learning marketplaces have been on the radar for a while and the demand is constantly growing, so it is not surprising if you are thinking about launching a learning marketplace, too. While there is a huge audience for online learning in the coming times, the saturation of the market with the same courses and topics makes it hard for the newcomers to stand apart from the competition.
Therefore, it is essential for new entrepreneurs to research and identify the unexplored markets within this industry. Picking the niches with less competition is a good business move, as you do not need to compete with many big players and you will be one of the few to reach customers’ needs. Also, ensure the niche you choose is profitable enough to capitalize on it.
Online Learning Niches
Let us look at the most profitable under-the-radar online learning niches.
Language Teaching
The growth of foreign languages gives a new dimension to the scope of this business. The demand for language learning continues to grow as the economies around the world become more international. The online language learning market expects to grow at a CAGR of 18.7% from 2020 to 2027 to reach $21.2 billion by 2027.
If you know multiple languages, then you can make money from offering online language learning sessions.
Popular Platforms: Verbling, Italki
Suggested Read: How to Build a Platform like Verbling
Music Learning
One in four adults plays one or more musical instrument in the United States. The global online music education market held a market size of $130.74 million in 2020. In addition, it expects to reach $421.92 million by 2027 growing at a CAGR of 18.4% over the forecast period.
More and more people turn to learning a variety of unique musical instruments like the didgeridoo and ukulele. Therefore, if you play any distinctive musical instrument, you already have a profitable tutoring business idea with you.
Popular Platforms: Lessonface, TakeLessons
Academic Coaching
Offering academic coaching also has good scope if you qualify in a particular field and can help newcomers. eLearning platforms that cover various modes of learning and teaching are also in huge demand. This niche is not just limited to teachers; anyone willing and able to pass knowledge can opt for this online learning niche.
Popular Platforms: Chegg Tutors, Varsity Tutors
Fitness Coaching
Fitness is a significant niche sector that plays a big part in people’s everyday lives. The drastic decline of gym memberships during the pandemic resulted in a new trend of online fitness coaching which is worth $10.71 billion. Fitness coaching platforms take their students through detailed processes of diet regimens, physical activities, and other body exercises.
With all the fitness freaks forced to confine their workouts to their homes in the pandemic, it is a profitable niche to cater.
Popular Platforms: CoachList, KickOff
Health and Lifestyle
Post Covid-19 people are quite conscious about their health. In addition, the pandemic makes this health and lifestyle niche an even safer bet. Platforms detailing the process and efforts of various types of diet, healthy lifestyles, exercises, and better health decisions are in huge demand. If you plan to utilize your knowledge in this area, it is not too late to start.
Popular Platforms: Health Coach Institute
Stress Management
Many of us lead busy and stressful lives because of the pressures from work, social lives, and family. People actively look for ways to unwind the stress when it gets too much to handle. With a tutoring business that helps people relieve their stress via online sessions, there is a huge scope for the business.
Popular Platforms: Innerhour
Personality Development
Personality development is the most talked-about topic these days. People look for ways to reduce their stress levels, enhance their overall positivity, and motivation. If you are equipped with superior knowledge about this topic and want to help people be better, happier, and more motivated, then personality development sessions are right down your alley.
Popular Platforms: LIFEVISE, MindValley
Culinary Coaching
This niche took off big time in the past few years. Not just an important life skill, this niche is an area of study that offers much more to learn to the students. You narrow down your niche even further by teaching specific cuisines, reviewing cooking gadgets, or particular diet recipes.
Popular Platforms: CozyMeal, Surlatble
Coding and Programming Languages
In this technology-driven age, IT professionals are among the most valued in the market, and so are the coding and programming tutoring platforms. These languages are great avenues to build profitable tutoring businesses if you understand technologies like website development, app development, cybersecurity, robotics, and others.
Popular Platforms: Codementor, IDTech
Build a Successful Online Learning Platform
There is no one such niche that promises to win the battle to earn the maximum amount of money online. Just research the market thoroughly and find a profitable niche based on popularity, volume searches, and demand. Have a passion for your niche and immerse yourself in the topic completely to make it a remunerative business idea.
Another essential element required is an online presence. A ready-made solution like Yo!Coach builds a feature-rich online learning platform to connect students and teachers/Coaches in a live environment.
Yo!Coach has the right set of features that make the building and launching of an online tutoring platform a smooth and quick process. The third-party APIs are integrated into the software address. They meet the ever-evolving needs of tutors and learners interacting online. In addition, they help businesses to sustain in this competitive environment.
Furthermore, the customizability of the software allows the business owners to cater to any niche, which evolves around online learning and coaching. The software also tightly packs a number of features that make cumbersome tasks easy for the admin and tutors.
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