Trend #015 - A brand new $24bn opportunity (+10 niche business ideas)

Hey,

Welcome to the new subscribers to What The Hype.

Every other Friday, I will send you a business idea alert to help you profit from exploding trends. 😎

Today is a good one. It’s an industry that’s non-existent a year ago but is expected to literally EXPLODE in the coming months. Excited? Let’s dive in.

What you will learn:

• Where you should focus on in this $24bn opportunity right now

• 10 niche but profitable ideas that would have been impossible for an indie builder a year ago.

• How much Milly sold her AI education startup after a few days of work.

• 3 things you need to be aware of before starting an AI EdTech (#3 can kill your reputation)

🚀 Community ShoutOuts

Searchfunder (Free access + 33% discount)- If you are someone interested in the “buy & build” strategy in starting a business (aka a searchfund), this is THE community to join. They check everyone’s LinkedIn profile to curate high-quality members, and you get access to exclusive off-market business deals. This link gets you a free trial and 33% permanent membership discount.

💌 Psst, to get featured in this newsletter?

Share this newsletter on Twitter, your newsletter (or anywhere!) and send me a screenshot or a link. I will link to you in the next issue! And if you don't know what to say, just write about a cool idea you found down below.

Let's get back to today's topic 👇

🔎 The business case for AI in education

Yep, today’s topic is AI in education. This industry more or less did not exist a year ago, and is expected to explode 10x to a $24bn.

» You are early to the game. «

5 reasons why everyone’s excited about this space right now:

 → Personalized Learning: Adapt to the interest, learning pace and style - "The Infinite Article" concept

→ Efficient Administrative Tasks: Automate grading and scheduling.

→ Valuable Insights: Identify learning gaps for improved learning outcomes.

→ Enhanced Accessibility: AI can help to make education more accessible. For example, speech-to-text technology can help students who have difficulty writing, and AI-powered translation tools can make learning materials available in multiple languages.

→ Interactive Learning: VR or AR educational games to make learning more engaging and fun.

🔥 10 really cool business ideas you can start 

A brain fart of ideas I’d test right now:

1. AI-Powered Lesson Planner: A tool that uses AI to generate lesson plans based on curriculum standards for learners abroad (British curriculum for Asian students for example).

2. AI-Based Grading System: A tool that uses AI to automate the grading of assignments and exams, saving teachers time and ensuring consistency in grading.

3. AI-Driven Homework Helper: A tool that uses AI to provide students with step-by-step guidance on their homework problems, aka, private tutor.

4. AI-Powered Language Learning App: An app that uses AI to personalize language learning, adapting to the learner's level and pace. (Like ELSA)

5. AI-Enhanced Parent-Teacher Communication Tool: A tool that uses AI to analyze student performance and generate insights, which are then communicated to parents in an easy-to-understand format.

6. AI-Based Special Needs Support: A tool that uses AI to adapt learning materials for students with special needs, such as dyslexia or visual impairment.

7. AI-Powered Study Planner: A tool that uses AI to create personalized study plans for students, taking into account their learning style, academic goals, and schedule. (Sell this one on Etsy or GoodNotes)

8. AI-Driven Career Guidance Tool: A tool that uses AI to analyze a student's interests, skills, and academic performance to provide personalized career guidance.

9. AI-Based Interactive Textbooks: Digital textbooks that use AI to create interactive learning experiences, such as quizzes and simulations, to enhance understanding of the material.

10. AI-Powered Notion Templates for Learning: Customizable Notion templates that use AI to organize and enhance learning, such as AI-generated study guides or AI-enhanced flashcards.

👀 Examples of real startups

ELSA: A mobile application for pronunciation training and accent reduction using speech recognition. Funding: $25.3M.

Amira Learning: An intelligent reading assistant that listens, assesses, and tutors. Funding: $40.3M.

Tabitha: [Indie startup version] Milly Barker sold Tabitha, a browser-based teaching assistant a few months ago for $5k!

💀 Risks  

• Data privacy: There’s always a risk when collecting and storing sensitive personal data.

• Backlash on AI: Some educators want to ban the use of AI. Full stop. Make sure you recognise their concerns in your website copy.

• Accuracy: If you’re grading someone, make sure the tool is robust. A child’s future is at stake here (literally).

Was this email useful?

My entire purpose in creating these emails is to highlight unusual opportunities for you to find your next big business idea.

I hope it's doing that. If it is, let me know by replying.

Until the next one,

Hazel

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