08 Sep, 2017

Coaching Franchise

Education is one sphere where lots of opportunities exist to make money. There was a time when simple graduates without any specialization could get decent jobs with attractive salaries but with increasing population and shrinking job opportunities, there is a cut throat competition among students to get professional qualifications to land good jobs to secure their future. Though the number of engineering and management schools has increased, it has become tougher to clear entrance examinations of these colleges. This is where coaching franchise comes into picture. But let us first see how the concept of coaching franchise came into being in the first place. Coaching institutes have been there for quite some time now. But among a crowd, there are a few of these institutes who somehow produce exceptional results through their teaching methods. These institutes become very popular in there are with passage of time. This is when they decide to make use of their name to make money by providing people to make use of their logo or trademark and open a coaching center bearing their name in other parts of the country. Because of their already famous name, lots of students enroll themselves instantaneously thereby justifying the money that such coaching companies charge from their franchisees. Coaching franchise is ideal for those who have love for studies and also have a desire to do something for the society. They know they are providing help to students by making it easier for them to crack various medical and engineering exams for entrance into engineering and medical colleges. Parents know that by investing money for their child’s future in these famous coaching institutes, they are securing the future of their kids. This is why the higher the name and fame of a coaching institute, the higher is its start up fee than other institutes. The business model is simple and just requires a franchisor to lend its logo and name to a party desirous of opening a coaching center in the same name. The franchisor is required to provide training and methodology of teaching students though faculty and all other infrastructure has to be provided by the franchisee. Teaching and exam pattern in such coaching institutes are provided by the franchisor and it gets attractive fee for starting a franchisee and then recurring fee in the form of percentage of money earned by the franchisee in a month. Coaching franchise is a business model that is giving highest rates of return on investment today.