Kumon is an after school learning program with thousands of centers worldwide, offering math and reading instruction to students of all ages and abilities. The company is big business, having brought in more than $3 billion in revenue since it was founded in 195 But, how does Kumon make money to create such a successful business?
In this article, we’ll explore the various ways that Kumon generates revenue, so you can better understand how the company makes its money.
What Is Kumon?
Kumon is a supplemental education program that focuses on individualized instruction in math and reading. Students enrolled in Kumon attend after-school classes held at a Kumon center near them and receive individualized instruction on various math, reading, and writing topics.
The Kumon program is designed to help students strengthen their math and reading skills and foster a love of learning. Additionally, each Kumon Center has a franchise owner and staff of instructors who work with students to track their progress and set individualized learning plans. Kumon Centers also offer other services such as online learning and online worksheet study resources.
The goal of all Kumon activities is to help students progress beyond their grade level in both math and reading.
How Does Kumon Make Money?
Kumon makes money primarily through franchise fees and tuition fees paid by students and their families. Each Kumon Center is owned and operated as an independently owned franchise, meaning franchise owners pay an initial franchise fee to Kumon for the right to open a Kumon Center.
This initial franchise fee is typically anywhere between $15,000 to $25,000, plus other fees. Franchise owners also pay ongoing fees and royalties to Kumon. Kumon also makes money through tuition fees that families pay each month for their children to take part in the Kumon program.
Tuition fees vary depending on the Kumon center, but typically range between $30- $80 per month. Additionally, Kumon also makes money through book and curriculum sales, which parents can use to help support their children’s Kumon studies at home. Finally, Kumon also makes money through corporate sponsorships, partnerships, and other advertising initiatives.
Kumon regularly partners with major companies to promote their programs and create additional revenue streams.
What Are the Advantages of the Kumon Method?
The Kumon Method is a unique approach to learning that allows students to work independently and master concepts at their own pace. Kumon helps students develop strong problem-solving skills, confidence, and independence.
The program is designed to foster a lifelong love of learning. Additionally, parents and guardians can use Kumon materials to help support their child’s learning at home. By providing worksheets, books, and other resources, parents can help their children reach their full academic potential.
Finally, Kumon is extremely flexible and convenient. Parents can choose to enroll their children in the program at any time, and there is no minimum enrollment time.
Additionally, parents can choose from a variety of programs and services to suit their needs.
What Are the Disadvantages of the Kumon Method?
While the Kumon Method can be effective for some students, there are also some potential downsides. One major disadvantage is the cost. Kumon is an expensive program, and families can end up spending hundreds of dollars per month on Kumon materials and tuition fees.
Additionally, Kumon classes generally meet only once a week and require substantial commitment from students and parents. Additionally, there are also some reports that suggest that the Kumon Method might not provide a well-rounded educational approach, because it focuses primarily on math and reading skills rather than a broader range of subjects.
Finally, some students might struggle with the independent nature of the program, because they are not receiving instant feedback from an instructor.
What Are Kumon Online Services?
Kumon also offers a variety of online services that can help students accelerate their learning. These services include Kumon Virtual Classes, which allow parents and children to work together from the comfort of their own home.
These classes allow students to receive instruction from an experienced Kumon instructor and receive feedback on their progress. Kumon also offers online instructional videos, games, and activities that allow students to reinforce the skills they have learned in Kumon classes. Additionally, Kumon’s online resources include access to worksheets and other learning materials that can help support their learning at home.
What Is Kumon Math?
Kumon Math is a supplemental program that provides students with individualized instruction in math. This program is designed to help students become confident in their math skills and progress beyond their grade level.
In Kumon Math classes, students complete a variety of math worksheets and receive feedback on their progress. Kumon Math classes are offered in both the classroom and online. Kumon’s math program is unique in that it focuses on developing students’ problem-solving skills and fostering a lifelong love of math.
Additionally, students are given math worksheets to work on independently, with periodic reviews from instructors as needed. This allows students to work at their own pace and review topics as needed.
What Is Kumon Reading?
Kumon Reading is a supplemental program that provides students with individualized instruction in reading. This program is designed to help students become confident in their reading skills and progress beyond their grade level. In Kumon Reading classes, students complete a variety of reading activities and receive feedback on their progress.
Kumon Reading classes are offered in both the classroom and online. Kumon’s reading program is unique in that it focuses on developing students’ comprehension and reading fluency skills.
Additionally, students are given reading materials to work on independently, with periodic reviews from instructors as needed. This allows students to work at their own pace and review topics as needed.
Are There Any Potential Drawbacks to Kumon?
As with any supplemental program, there are some potential drawbacks to Kumon. One major drawback is the cost. While the cost of Kumon varies from center to center, it can become expensive for families who enroll in the program.
Additionally, Kumon classes generally meet only once a week and require substantial commitment from students and parents. Additionally, there are some reports that suggest that the Kumon Method might not provide a well-rounded educational approach, because it focuses primarily on math and reading skills rather than a broader range of subjects.
Finally, some students might struggle with the independent nature of the program, because they are not receiving instant feedback from an instructor.
Conclusion
Kumon is a supplemental education program with thousands of centers worldwide and more than $3 billion in revenue since it was founded in 195 The primary sources of Kumon’s revenue come from franchise fees, tuition costs, book sales, and corporate sponsorships. The Kumon Method is a unique approach to learning that allows students to work independently and master concepts at their own pace, but there are some potential drawbacks such as cost, commitment, and lack of well-rounded education.
Kumon also offers a variety of online services that can help students accelerate their learning through virtual classes, instructional videos, and other learning materials. Understanding how Kumon makes money can help families decide if the program is the best fit for their own educational needs.