Start An Online Scholarship Directory Business - Business Ideas

Updated: September 15th, 2022
Start An Online Scholarship Directory Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Starting an online scholarship directory business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell online scholarship directory, or selling online scholarship directory online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$7.24B
starting costs
$9.32K
gross margin
65%
time to build
210 days

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Training & Education Expenses

$0

$1,000

Software Expenses

$0

$594

Advertising & Marketing Costs

$0

$2,750

Website Costs

$13

$215

Specific Industry Expenses

$0

$100

Total Startup Costs

$13

$11,659

Successful Businesses

Business URL Rank

World Scholarship Forum

worldscholarshipforum.com

8,799

Université d'Ottawa

uottawa.ca

12,984

www.FindAMasters.com

findamasters.com

27,967

Fastweb

fastweb.com

32,746

TheBestSchools.org

thebestschools.org

35,091

Scholarships.com Search Free College Scholarships Financial Aid Grants Scholarships College Scholarship Free Scholarships

scholarships.com

38,527

University in Vancouver

ucanwest.ca

66,679

GetEducated

geteducated.com

90,184

Candid

foundationcenter.org

98,033

StudentScholarships.org

studentscholarships.org

116,095

ScholarshipsCanada.com

scholarshipscanada.com

178,184

Pros & Cons

Pros Description

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a online scholarship directory business costs significantly less money than most businesses, ranging anywhere from 1,317 to 11,659.

Rewarding work

Starting a online scholarship directory business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Traffic to your website

A online scholarship directory business gives people a reason to visit your website and to keep coming back to you!

Cons Description

Crowded Space

Competition is high when it comes to your online scholarship directory business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Constant maintenance of publication

You may find yourself constantly needing to update your online scholarship directory business in order to stay relevant for your audience and for those searching on google.

Lack of benefits

With a online scholarship directory business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a online scholarship directory business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a online scholarship directory business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

No safety net

Typically, as a online scholarship directory business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.