Paid Tutoring Program Business Idea

by WorkFromHome on October 10, 2011

A good entrepreneur is able to see demand anywhere and figure out ways to exploit it. People who find themselves in different kinds of situations, scenarios and locations lend themselves to having different demands, and it’s your job to capitalize on them. Due to the current situation with the public education system in the United States, there is a higher demand than ever for paid academic tutors for different school subjects. In an effort to help people while making the most from the current situation, we’re going to take a look at a concept for a paid tutoring program as a business idea that would allow you to work from home.

The Service You Will Provide

Let’s start off by being very clear about what sort of service you should be looking to provide here. There are millions of students in middle school and high school who have a lot of trouble with very basic academic subjects like reading, writing, spelling and mathematics. Your service will be to supplement the public education system’s treatment of these subjects by helping students better understand their notes, classwork and homework. You will never be doing an assignment for a student or promoting unethical behavior, but instead you will just be filling in a gap that many students have in their education.

How to Generate Interest

There are two approaches when it comes to generating interest for a paid tutoring program. Many people will like the idea of using programs like Skype to connect with users from all over the country to tutor using a webcam, microphone and video chat. While this is one way of executing this business plan, the approach we’re going to recommend involves meeting with students in person at local schools.

The reason for this is fairly simple. It will be much easier to get clients with paper flyers placed around a neighborhood than it will be to get leads for clients over the Internet. To generate interest, we’re suggesting that you print up some basic paper flyers targeted to students and ask for permission to post them at local high schools and middle schools. It would also be a good idea to make special flyers just for parents that are posted anywhere a parent might see, like gas stations or drug stores in the area.

Preparing for Your Tutoring Sessions

Once you have clients ready, you’ll need to set up a date, time and place to meet. We’re recommending that you also set a specific time that the session will end because you don’t want to get stuck in a situation where you go beyond the amount of time that was agreed on for you to get paid since you’ll be working for an hourly rate. In general, tutoring sessions of 60 to 90 minutes will work best depending on how many times you are meeting each week.

Before your sessions, you should have some initial contact with your clients to figure out what subjects and what topics will be covered during your tutoring session. This will allow you to prepare any items that you might need for the session. It will also give you time to refresh the material for yourself just to make sure that you have everything ready to go in your mind.

Deciding What to Charge

How much you decide to charge is going to depend a lot on your particular situation and the area you live in. With this having been said, the absolute lowest you can go and still make it worth your time is probably in the range of $20 to $25 per hour. The reason for this is that you have to factor in the time it takes you to go from place to place and your own transportation costs. If you can share these costs with a client somehow, like by meeting multiple clients in a library one after another, then you can either lower your hourly rate a small amount to compensate, or you can leave the rates where they are and put the difference in your pocket.

Expanding and the Future of Your Tutoring Business

If you build up a nice client base that starts to get so large that you are having trouble keeping up with everyone, then you can start to wonder how you’ll be able to keep expanding. The solution is to hire a bright high school student or two to cover some of the sessions and to pay them a portion of the profits. For example, if you were getting paid $45 for a 90 minute tutoring session, you could pay a young employee a competitive $25 for the session and still make a profit of $20 just for organizing the meetup and collecting the payment. Shifting to managing tutors is the natural extension of being a tutor yourself, and this is how you can build your empire and really make a lot of money working at home.

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