By Professor Doom
As I may be going into early/brief retirement, allow me to share some insights
on building a successful business in an industry I know a bit about: higher
education. Also, the recent revelation of wildly unqualified students getting
into Ivy League schools brought this to mind, as I bet many of you are
wondering how these kids manage to do the work in these elite college courses.
Read on to learn how!
There are three main ways to go for a higher education business.
The first way is to build a full school. This is worth nothing unless
you can get accredited; this can take a few years, but will open the floodgates
of student loan money. It’s ridiculous just how much money is involved here,
but unless you have the political connections to get degree-granting status,
the money to keep the school open for a few years when you don’t have the
revenue coming in, and the money to either build a campus (not recommended) or
set up a fully online system, this isn’t an option for a typical reader. You
could probably set it up for under three million dollars, though, making it all
back twice over within a decade.
The second way doesn’t require much money, but requires more knowledge:
tutoring. I’m ambivalent about even recommending this as a business. Yes, I’ve
made good money tutoring, but not so much these last few years. The problem
seems to be people don’t need to know much anymore. As coursework gets watered
down, as grading becomes easier, as colleges mandate 80% of the class passes no
matter what, knowing test
material just doesn’t matter so much. That said, if you do know a subject, and
it’s something in demand (math mostly, and Education never), then tutoring is a
great way to make a little money on the side.
But now comes my slam dunk business. I know it’s a great idea because
not once have I seen my business idea fail (it’s not an original idea). Rarely,
an accredited school may close, and tutors come and go…but not this one.
The great idea? A paper writing
website. There are only a few dozen sites operating right now, as near as I can
tell, so there’s room for more. It’s a great deal--you still get to take
advantage of that sweet student loan money! There’s a weird balance to student
loan money paying tuition, and also paying the student to hire someone to do
the work so the student passes the class, thereby not “wasting” the tuition
money. So let’s talk about what you need for this business.
First, you need to set up a website. It’s not that tough, here are a
bunch of great option:
The days where you need to know HTML to
set up a web page, much less a business, are long over, and the above gives you
plenty of easy options. As far as what, exactly, to put on your site, start
small: just do college paper writing. Some sites give options to take the whole
college course, but let’s just focus on the easy part.
About 466,000,000
results
Now, what to put on your site, what to
charge, etc.? Well, just type in “college paper writing service” into Google
and click on one or two, or all 466,000,000 options to get some ideas. In fact,
spend some money on “research” and buy some custom-written papers from one of
those sites, to get a feel for what’s going on here.
Now, you’re probably thinking, “But
Professor Doom, I can’t write college papers, I don’t know much about anything,
and don’t write well anyway. This isn’t a business for me!”
Au contraire. You have two options.
First, you can hire writers cheaply. When
I first started writing professionally (for magazines, not college papers), I’d
get around 10 cents a word, with articles ranging from 500 to 1500 words, for
the most part. Nowadays pay runs around a penny a word. Because we’ve slammed
most everyone into college, we’ve massively overproduced people who can write
college papers. Supply and demand means pay for writers is very low.
Finding the writers is easy enough, too.
You can place cheap ads on education-related websites and such. We have such a
massive glut of marginally employed (at best) academics that you’ll get many
applicants in no time at all, many of them grossly underpaid college professors
looking to make ends meet.
But there’s an easier way: subcontract it all.
If you’ve done your homework (thereby
putting you way ahead of your customers), you’ve gone to several of the sites
Google showed you, you know their prices, you know their turnaround times, and
you’ve done a little business with them to see which are reliable enough.
So, make the prices on your site
slightly higher, and turnaround times slightly longer. Most of the customers
coming to your site are lazy (there’s a reason why they’re hiring you to do
their work for them, after all…), they’re not going to shop around. They’ll pay
your price, and tell you what they want.
Then you go and place the order with
another site, get the paper written from them, and pass it right on to your
customer! This is a business idea so easy quite literally anyone can do this.
Now, you’re probably thinking, “Isn’t
this fraud? I mean, if I set up a hamburger business right behind a McDonald’s,
then sold McDonald’s food to my customers after ordering and carrying it from
that other restaurant, wouldn’t that be a problem?”
It sure would. Thing is, McDonald’s is a
legitimate (bear with me) business…they’d have a legitimate beef (pun intended)
with you selling their food and passing it off as your own, and the courts
would see it their way.
But the college paper writing businesses
are not legit. They completely operate off the fraudulent largesse of the
student loan scam, which has brought a great number of “students” uninterested
in academic work onto campus, and loaned them the money to do it. Unlike
McDonald’s, their papers aren’t branded, in fact, their whole business is based
on creating product which is untraceable (and thus won’t be discovered via
plagiarism-detecting software).
Besides, you’re actually a more legitimate
customer than usual for such sites, sites, since you’re not actually buying
papers which you’ll misrepresent as your work in a college course. If anything,
you’ve got a case for being one of the very few (if any) people using these
college paper writing “services” for legit-ish purposes.
As long as the student loan scam exists,
my business model of leeching off the college paper writing industry leeching
off the student loan scam would be successful.
Admin: “You need to put more
writing assignments in your math courses.”
--I received such directives
many times when teaching at a fake CC.
Allow me to take a few moments to
summarize the level of fraud the student loan scam has reached. While any
chucklehead knows full well that these “college paper writing services” exist
only to defraud higher education, our administrators have done nothing, for years,
to stop any of it, and a case could easily be made that they’ve encouraged the
fraud to a considerable extent.
Well, of course they have, our
administrative class is paid for by the student loan scam, as is the students’
tuition, as are the papers purchased by these services. All I’m proposing is to
simply add one more level of crap to the fraud…would it really make this
cesspool more foul?
I gather from your opening that your health has not improved. I am very sorry to hear that. I have greatly enjoyed your comments over the years and I believe gained a much better understanding of the US higher ed system. On this St Patrick's Day may I wish to a full recovery and a long enjoyable life
ReplyDeleteThanks for the wishes...a CT on Monday, and a looooooong wait for results, will give me some clues, maybe.
DeleteWe are all very concerned about your health, Doom. I hope if you retire, you settle in and write a book about yourself, that is, stories about your classes and your battles with administrators. Seriously, that is a story you should tell, even if you have to change names and dates and make it a novel. Good luck!
ReplyDeleteWell, my book (see link, top right) covers a good deal of it (and if you can't spare $10, you can read my blog from the beginning, as the contents are there). But the issues I've experienced are not unique: many colleges are filled with corruption and incompetence.
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