Many franchise operations need a huge upfront investment
Starting a new business from home is a big move. To help ease the process of starting a business most people are willing to invest capital in starting something new. However many franchise brand operations need a huge upfront investment running into a few lacs.
A new branch – franchise branch of a restaurant will need an upfront investment of Rs 5 to Rs 10 lacs. A franchise of a clothing brand, say a brand of jeans may cost as much with an additional cost of stocks. So what opportunities are low-cost opportunities?
Home-based jobs without investment can be strenuous
Also, these opportunities require a person to set up shop in a commercial complex and will need to spend considerable time away from home. Opportunities to work from home are jobs like a call centre are very demanding on time and do not allow flexibility.
Have you heard of Cuemath? Cuemath is India’s largest franchise operator
With over 5,000 franchise centers Cuemath is India’s largest franchise operator. Cuemath is a brand that specialises in teaching Math to school going students (KG to 8). Over 75% of school-going children go for after school help on Math, so this a very large market with millions of potential students.
Cuemath is one of India’s fastest-growing companies. Cuemath is a well-known brand that has already served over 100,000 students and has over 5000 Partners who run a franchise centre from their own homes with investment as low as Rs 10,000.
Cuemath has a unique model – only franchisee centres and no company-owned centres
Cuemath is a unique company that offers such franchise partnerships. We don’t have our own. We operate through teacher franchise partners and have over 5000 franchises. And the starting investment is very low.
Work from home, without investment
Cuemath is an extremely low investment franchise opportunity. In fact running a Cuemath franchise center does not require any special setup or infrastructure. A total investment of just Rs 7,000 for a Math Kit: You will need to buy teaching materials (approximate cost Rs 7,000), to use in class.
The company will give this to you before you start your class. It is a one time purchase and the same materials are used for grades KG to 8. Plus an an Android Tab : If you already have one that is good, else you will need to procure one, approximately will cost you Rs. 8000.
Earn upto Rs. 40,000 a month from your franchise center
The single most important factor that determines how much you will earn as a Cuemath teacher is the amount of time you are willing to devote conducting the to taking Cuemath classes.
Most teachers earn an average of Rs 20,000 a month with 10 to 15 students, with 6 to 12 hours of classes every week. Many teachers earn over Rs 45,000 a month as they devote 4 hours a day. Like any entrepreneur, with your effort your centre grows and you start earning more.
Like any franchise business, it takes 6 months to reach a good size of students.
Cuemath centers are operated from the home of the teacher
The centers are operated at the home of the teacher. The teacher does not have to find a space outside of home. So the teacher partner is able to make the best possible use of her time.
Earn Online from home as well
In addition to starting a center, teachers can also teach students online from all over the world. Students will log into the online site for their class and the teacher will also log into the online class.
The class will be moderated by the Cuemath. However, to qualify as an online teacher you will need to have demonstrated success in you own physical center at your home.
Cuemath Centres are operated as a partnership between the Teachers partner and Cuemath
Cuemath centres are a partnership where the teachers and Cuemath share equal responsibilities of setting it up and managing it. So, the one-time fixed cost of starting a centre is borne by the teacher while Cuemath takes up the responsibility of developing and maintaining components such as technology, curriculum and ongoing costs of managing the business such as learning material.
Business growth is a joint responsibility of Cuemath and the teacher partner.
Cuemath will train you
Cuemath will train and certify the teacher. The teacher will need to clear a math course and demonstrate proficiency in Math. However all other aspects like, how to run a business, how to manage students and customers, the teachers will be trained.
Also, refresher courses on math will be administered by Cuemath when required.
60% of revenue for the teachers
Revenue from the learning centre is shared between teacher and Cuemath (the teachers are paid 60% of the total revenue while Cuemath earns 40%). Cuemath will collect the money electronically and payout to the teacher at the beginning of every month.
None of the cost paid by the teacher is retained by Cuemath
All of the setup cost of the Math Box paid by the teachers is spent on procuring and dispatching the material to the teachers, payment of mandatory taxes to do so and training of the teachers. In fact, over and above the cost of the Box the company spends money on training and certifying teachers. This is to ensure that the classes are of high consistent quality.
Did you know Cuemath is backed by Google and Sequoia?
Cuemath is one of India’s fastest growing companies backed by investment from international investors such as Sequoia and Google. These are the most respected names in the investment community and have backed many hundreds of companies such as Whatsapp, Truecaller and Apple.