Elite IT Training Centereliteitcerts.com
- Avg. revenue /month$3,407
- Avg. sessions /month599
- Avg. profit /month$3,441
Why this business was started
At the time, there weren't many good online IT certifications schools that offered a large variety of courses. There is still a huge opportunity for online certifications schools. The playing field has changed over the years. When I started teaching the focus was more on networking and these days the focus seems to be more on Security and Software Development. We have a wide range of courses including these two areas.
The reason of selling this business
I decided to sell the business and move onto another opportunity that's outside of IT. My wife and I can both work together and travel while building the new business.
What's involved in running this business
Here are the keys to running this business successfully:
- Advertise as much as possible
- Owner should take an active role in all aspects of the business.
- Try to get as many classes as possible with multiple attendees to drive up profit margins.
- Try focus on Corporate and Government sales but individual student sales are good too and will help with referrals.
- Don't forget about the consulting side of the business. Students will often ask for help at their work place with IT issues.
- Recruit more top-notch instructors. We hire them as 1099's usually.
- Offer bonuses to instructors for positive student survey results. Retain top talent.
When a student purchases a course, several things must happen: 1. Leave the order as unfulfilled until the student passes the course. 2. Order the courseware through our vendor. It includes student material, instructor material and labs 3. Send the e-delivered materials to the student and instructor. Send the labs to the instructor only. 4. Notify the nearest instructor of the dates and times of the course, along with the classroom location or set up a webex if remote. 5. After the student takes the course, mark it as fulfilled. 6. Send the Completion Certificate and Survey to the student. 7. Send the preformatted referral email to the student. 8. Pay the instructor and issue a bonus for a good survey. Our instructors get paid $20-$25/hr to teach in class and $17-$19/hr for remote.
Traffic and Performance
- Avg. revenue /month$3,407Verified
- Avg. sessions /month599Verified
- Avg. profit /month$3,441
- Profit Margin80%
- Avg. sales /month3
- Shopify plan
- scheduling app, seo apps
- PPC, Facebook, Instagram
- Average Operating Expenses
Physical inventoryNot Included
Logo and branding assetsAssets will be transferred via Drop Box.
Personal support after saleI will stay on as a consultant for 3 months post sale to train the new owners and to ensure that the business is transferred successfully. I will also contact our vendors to notify them of the new ownership.
Product photosTransferred via drop box
Mailing ListNot Included
How to grow this business
I would strongly suggest continuing to advertise the school and consulting business via the already established PPC campaigns, Direct Marketing, News Letters and through the established SEO efforts. I have spent a lot of time researching and building the various marketing campaigns. As the new owner, I would suggest focusing more on Social Networks, as I have not focused intently on that area yet and that can be a huge new, untapped revenue stream. We have classrooms around the US and instructors in most major metro areas that would stay on board with transfer of ownership. We also have many vendor relationships for course content.
Currently we teach classes via 3 channels:
- In-class training around the US
- Remote "Live Online" training over WebEx
- Self Study courses
The more profitable channels are the Live Online and Self Study
Profit margins: 60% Profit on Remote Training 80% Profit on Self Study 33% Profit on In Class Instruction for 1 student. ( In-Class is much more profitable with multiple students than a single student).
Skills to have
The new owner should have a background in IT and/or teaching. You should also have a background in business and marketing. Instructor recruitment is very important and you should have excellent interview skills to recruit high caliber instructors.
Our features for a secure experience
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team
Why use Exchange?
Exchange is the largest and fastest-growing marketplace for Shopify e-commerce stores
Verified listing data
The revenue and traffic data that you see on each listing is pulled directly from its Shopify account. This means that the data has been verified. Exchange reviews and monitors listings for thorough and accurate information.
Secure messaging platform
You will be able to communicate with sellers via a secure messaging platform. After you log in and request information from a listing, sellers are notified and have the ability to respond. When you are ready, you can make an offer.
Encrypted payment capture
Exchange and Escrow.com have partnered together to provide you with safe transactions that have bank encryption, making sure that payment is securely captured. Escrow.com ensures that its users pass verification checks before transactions can proceed.
Take time to inspect the business
Once you submit payment to Escrow.com and the payment has been secured, the funds are held until you confirm that all assets received are as negotiated. You can use the inspection period to ask the seller any extra questions about the business.
Safe store transfer
When the transaction is finalized, the dedicated migration team at Exchange will begin the process of making you the new owner of the store. Buyers and sellers will be notified via an email from the Exchange team once store transfers have been completed.
Post-purchase 24/7 Shopify support
Once you log into your Shopify account for the first time and choose a subscription plan, Shopify Support Gurus are available 24/7 to help you with the settings of the store.