With the millions of schools all across the globe, the business opportunities associated with selling products and services to schools are endless. As the term school can signify all kinds of an organization where the process of learning happens, it can include kindergarten, primary, secondary, higher secondary, colleges, universities, coaching schools, etc. School management software is used to digitize and optimize the daily operations of these different schools starting from student admission to timetabling to assignments to examinations to student placement. The software takes care of the entire life cycle of a student within the school. As this software saves a lot of precious time of school teachers and administrators, there is a high demand for the software. Let us explore the trends and business opportunities of school management software in this article.
Global Trends Leading to Massive Business Opportunities
The fast growth in the number of schools
More and more new schools are being started every year by the government, education enthusiasts and foundations. In India lone in the last 10 years, government schools grew at a CAGR of 1.2% and private schools at a CAGR of 4%+ [source]. That is more than 10,000+ new private schools started in India alone. Similar trends are happening in other developing nations where population growth is high. The new private schools started either come under the category of affordable school or premium school. There are a lot of non-profit foundations helping affordable schools to optimize the educational experience of students from rural areas. School management systems help these foundations to digitize the data to understand the impact of their interventions.
Global digital transformation trend
There is a global digital transformation wave sweeping all industries. All kinds of businesses from large scale manufacturing to small scale businesses are getting online and digitizing their daily operations. Another important player in this trend is the government. Globally all government is pushing for more digitization to pursue transparency and speed in servicing the citizen. Because of this trend, no business can stand-alone without connecting to the digital mesh connecting all digitized businesses and services. As a result, schools are also buying school management software to keep up with the trend. Since school operations are equally or more complicated than a for-profit business, it demands software in different functionalities. See also – https://fedena.com/blog/2019/10/top-18-school-administration-software.html
Digital-first millennial parents, teachers, administrators, and school owners
Millennials(those who are born after the 1980s) and digital natives(those who are born in the 1990s) are taking up jobs in school. The millennial parents have started sending their kids to school and looking for digital tools to communicate with the school and keep in touch with updates about their kids. Similarly, the teachers and administrators joining the school with good computer skills can easily participate in the digital transformation. These factors are creating trends in more demand from schools for school management software initiated by parents and teachers.
Internet of things & AI
Along with digitization, smart hardware on the internet of things network is reaching schools. These hardware are producing enormous data that are meaningless without connecting to a school management software and communicating to the different stakeholders like parents, teachers and school owners. This along with the increasing capability of artificial intelligence(AI) creates demand for high-quality school management software to function as the base layer of all communication.
Global changes in the economy
This is the time of major shift happening in the global economy and more focus is being given on the previously ignored quality factor of the education sector. There is a shift from the oil economy to the education economy happening in major oil-producing nations. All similar global trends with the changing economy bring attention and budget to improving education and starting more quality schools.
Why Resell school management software instead of developing a fresh solution?
Schools don’t follow a simple operational procedure as we assume it to be. This wrong assumption is coming from our experience as students where everything was managed well by teachers and administrators. The only major processes and tools we were aware of was the timetables and examination coordination. For a school to operate properly it requires hundreds of functionalities starting from admission management of students to human resource management of teachers to online fee collection to inventory management. All these complex activities have to be designed and configured under a single software for the school management software to work properly. This complexity can not be understood unless you work with different schools for couple of years before coming up with the first piece of software which will also be an incomplete one. And it will require multiple developers, tester and product managers to work relentlessly for many years to produce good software finally. This is true for all advanced software.
As a result, it is good to go ahead with reselling the rebranded version of a proven school management software. It will save lot of cost and time. Above all, you do not need all the schools as your customers. Ten premium schools or a good government project will be enough to get you to ROI and profit.
How to resell school management software?
Most of the school management software will have a reseller program which includes training and marketing support. Fedena has a unique reseller program named as Fedena OEM Partner program, where the school management system can be completely rebranded and sold to thousands of schools. The different packages give different privileges like full access to source code, marketing training etc. Fedena has been onboarding and helping OEM partners to succeed for the last one decade. So contact our experts today!