Top 5 Business Opportunities in Skill Development

There are various opportunities for business in skill development but every opportunity is not perfect for everyone. We have listed top 5 business opportunities in skill development which can fetch you better revenue.

1. Establish a Multi-Purpose Training Center- Instead of setting up many small and nonstandard training center it is better to set up a large center where 5-7 trade and sectors training could be organized under various schemes on same time. Ideally, when one scheme is slowed down, you can focus on another. The entire infrastructure and resource will be utilized to its full optimum.
2. Supply Equipment Related to Skill Development-There is equipment related to training like Tablets, Biometric devices, Projectors, Desktop Computers, Networking devices, Printer and scanners, Domain Lab Equipment for retail/beauty/electrical etc which can be supplied to Training Agencies as per their requirement.
3. Supply Regular Consumption Goods Like Uniform & Stationary-Advertisement Materials, Stationary, Course Book and workbooks, Identity Cards, Uniforms can be a big opportunity for business.
4. Offer Placement Services-Almost every project of skill development is linked with Placement where Trained Candidates have to get wage appointment. There is a huge scope of business in this field as in Placement you shall be paid by the Training Agency for whom you shall do the service and on the same time you shall get payment from an employer who shall appoint these trained candidates. You can earn in lakhs per month without any investment. Just a few phone calls and very little physical presence.
5. Post Placement and Tracking Support- It involves 12 months of tracking of a placed candidates. There are various documents required like offer letter for each appointment, monthly salary slips, bank statement as proof of salary etc. These involve a huge cost to training and placement agencies. Those who have a well-established network in project area could earn better from this opportunity. 

Apart from above, there are other opportunities like providing mobilization assistance, Screening and Selection assistance, Publicity Campaigns, Providing Tour and Travel solutions, Maintaining website and MIS and so on but it depends on the demand and supply of industry.