Business idea · Education
Comprehensive College Admissions Strategy Service
Comprehensive College Admissions Strategy Service is a consulting service that provides personalized guidance for students aiming for top universities, including academic tutoring, extracurricular activity planning, and application strategy. It was pitched on My First Million, hosted by Sam Parr and Shaan Puri, in the episode "You Have 70 Days to Win the Year" (aired October 23, 2024).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | You Have 70 Days to Win the Year |
| Aired | October 23, 2024 |
| Category | Education |
| Real companies on the episode | Crimson Education |
The problem it solves
Many students and parents feel lost navigating the competitive college admissions landscape. Current services often focus narrowly on test prep without addressing holistic application strategies or long-term planning.
How it makes money
High-ticket consulting packages with tiered offerings based on the level of service provided.
Skills you need
Experience in education consulting, knowledge of college admissions processes, and marketing skills to reach potential clients.
The market, and why this works now
The rise of online tutoring platforms, like Wyzant, allows for flexible academic support tailored to individual student needs. A viable first revenue move is to promote services on subreddits such as r/ApplyingToCollege, where students actively seek advice and resources. A key risk involves high customer acquisition costs due to competition in the education consulting sector, which could extend the CAC payback window and strain initial funding.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- Crimson Education
Founded by Jamie Beaton, Crimson Education is a college admissions consultancy that assists students in gaining acceptance to prestigious universities like Harvard, Yale, and Stanford. They provide personalized mentoring, tutoring, and strategic guidance to help students enhance their profiles from an early age, focusing on academic excellence and unique extracurricular activities.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: You Have 70 Days to Win the Year
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.