As time goes on and subjects like math become increasingly valuable, the business of tutoring is looking more and more lucrative. Tutoring franchise opportunities are on the rise but if you ask a parent where they can find valuable tutoring for their child, chances are they won’t know. In neighborhoods that don’t have a tutoring franchise like Mathnasium center, the options are close to non-existent. Yet, the amount of money parents spend on supplemental education proves that there is an abundance of tutoring franchise opportunities around the world. According to Global Industry Analysts, the global private tutoring market is projected to exceed $100 billion by 2018. Eduventures says the U.S. alone spends a fair share on supplemental education – well over $5 billion. The importance of tutoring can be seen with Asian countries, which consistently test higher in math and spend the most on tutoring. South Korea alone spends close to $14 billion annually, making the correlation between supplemental education and math proficiency that much more apparent.
U.S. spending on tutoring has increased tenfold since 2001, says Eduventures, and is only trending up. It’s interesting to note that despite parent’s modest expectations and frequently disappointing outcomes, they continue to invest in after-school instruction and programs. Why continue to go down the same road over and over when the results are hardly worth the price in most cases? Because without a tutoring franchise like Mathnasium there are limited options. This is where you come in.
Be a part of the solution, contact us today about the tutoring franchise opportunities in your area.
