The study abroad sector has grown significantly in recent years and considering the growing demand for overseas education, this sector is expected to surpass all the previous numbers. In India, the overseas education market is growing at a faster rate than ever. Aiming for globally recognised education and better career opportunities, more and more Indian students are opting for international education every year. As a result, the estimated number of Indians studying abroad will be around 1.8 million, and the total spending is estimated to be USD 85 billion on education overseas by 2024, these figures have been stated according to the RedSeer report.
With the whooping increase in the number of student applications and the number of student visas issued for Indian students, now is the most appropriate time to step into this industry. In 2022, the UK issued a record-breaking number of student visas to Indians, while the US Embassy & Consulates in India have also come up with solutions to speed up visa processing.
To cater to the surge of applications and have a profitable experience in this industry, we have come up with an efficient solution to step into the study abroad consultancy business. Read on to know how you can become a part of this industry.
Franchising – The Emergence of a New Way of Business in the Study Abroad Industry
The study abroad industry is dynamic and evolving as per the growing market. One of the most preferred ways of being a part of this industry is franchising. Many renowned and leading study abroad consultancies in India provide Franchise opportunities to entrepreneurs willing to work within an established business model.
Since the franchisors support their franchisees in multiple ways with their years of expertise, joining this industry as a studies abroad franchisee is one of the most efficient ways to start a study abroad consultancy business.
Top Benefits of Taking a Study Abroad Franchise
There are numerous benefits of taking a study abroad franchise, let’s discuss a few of them in brief.
- Association with a Renowned Brand
Considering the number of study abroad consultancies in the market, establishing your mark in the industry will take time. Taking a franchise will give you a renowned brand name and accelerate your standing in this industry.
- Access to a Well-Established Business Model
Planning a business model based on trails and error will again be a task that involves time. Taking a franchise will give you access to a well-established and proven business model.
- Initial Training and Recruitment Support
Despite your previous work experience, you can still work in this sector with the initial training and recruitment support given by the franchisors. The added benefit is that you are trained by industry experts.
- Comprehensive Support from Franchisors
Most of the study abroad franchisors provide comprehensive support for all their franchisees. Franchisors provide access to their vast database of universities and course options, learning materials, and other essential services for a smooth student application process.
- High Return on Investment
Among the franchise opportunities in India for professionals, this industry has the highest return on investment. Moreover, the expected payback period is also short for a study abroad franchise.
These are just a few benefits, there are many more. Furthermore, if you want to be a part of this industry and experience all the above-mentioned benefits, then you must start with your research to find the most suitable franchisor.
Still, thinking about when and how to start a study abroad consultancy business? Well, don’t delay the search and start at your earliest!
