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I believe you can make a good living online from home…and still survive. That’s why I teach creative people like you to do smart things.
How To Start Your Own Tutoring Business
After working long hours as a teacher for over 5 years. I decided to quit my full-time job and start my own business from home (designing and printing stickers). However, I love teaching, and I miss it, so I set up my second business – a teaching business. I teach students one-on-one as well as online tutoring.
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Over the years, I have taught more than 50 students, helping them achieve amazing results. Here are my favorite compliments (I had to add one!).
“From the first semester, I felt more confident after looking at my past papers and how I could improve. I set homework to improve lessons and learn what was not in my classes at school. “When it came to my exams, I felt. confident. Because I was taught to a high standard which improved my grades.” – Evie Year 11 students
Now, I train smart people to avoid mistakes and start their own profitable coaching business. Working as a teacher can be a very rewarding career and a great way to control your finances. As your own boss, you decide how you work and when you take time off. I believe that if you have knowledge in a particular field, you can successfully start your own home tutoring business.
This course is for you if you have decided to become a private tutor and if you want to know how to start tutoring online. Whether you’re looking for extra income to supplement a second job, or you want to work as a full-time tutor, you’ll find this course and downloadable books to help you start and maintain a successful private tutoring business. I will be incredibly helpful. Business With the right methods and information in this course, you’ll have everything you need to start your own tutoring business in the next few weeks.
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Testimonials from successful students I have taught… “Farahat is very helpful and knowledgeable about starting a successful teaching business. Although she is from England and I am from the US, she tells you that your How to get the information easily. The resources he has available for download will be a valuable resource, I will use them in my business. Thank you very much for the information and valuable resources, this course is my own. Very helpful in starting a teaching business. Your time and effort are all worth it to make it available.”
“Faraht has given me great advice and support to help me launch a very successful tutoring service in East London.”
“This course is a great refresher for me. I have been teaching for 3 years now, I have seen my mistakes and what I need to improve to take my services to the next level. Thank you so much. Farhat Course for this great!
“Farhat’s advice on tutoring has given me direction and clarity, practical solutions for managing my current students and how to motivate myself to achieve more.”
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“I personally have a lot to take from this course. Many questions/doubts in my mind have been answered. I am confident that I can prepare myself to be a good teacher. ” Starting a tutoring business can be a good thing. How to grow your teaching skills and earn more while making a positive impact on your community.
With increasing demand for teachers, this industry is growing and is estimated to grow to USD 8.37 billion at a CAGR of around 8% during 2021-2025.
Now that we’ve broken down the game plan into eleven easy steps, let’s get started with it step by step!
Since the education industry is growing every day, it is important to define your niche before starting your tutoring business.
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By defining your niche, you will have a clear vision and understanding of the audience you are targeting. You will also have a clearer idea of what knowledge and skills you need to acquire to be more valuable to your students.
Gone are the days when parents did not inquire much about teachers for their children. They now know what they want from teachers and take an active role in their child’s development. Understand what they want from a teacher and cater to their interests.
To understand the needs of your area, you need to conduct market research and competitive analysis, which leads us to the next part of our guide. (Trust us, it’s not as scary as it sounds!)
In whatever industry we venture into, it’s our competitors who push us to do our best!
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When you’re just starting your own tutoring company, it’s important to understand where the tutoring market and your competitors stand. It helps you shape your business and better understand what your audience is looking for.
Market research helps you understand your ideal audience based on income level, age, ability and other factors. You understand their likes and dislikes. This will also give you a clear idea of how you want to serve your teacher.
For competitive research, search for all tutoring businesses in your area and once you have a list, you can proceed to research:
Do you know the secret formula of a successful business? This is their USP – something with the power to knock out the competition!
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Determine what you can do better than your competitors and make it difficult for them to copy. This is the USP that will bring your customers to your services and differentiate your tutoring business from the rest.
As you research your competitors, you’ll be able to identify your points of difference and what sets you apart from the rest.
Starting your own tutoring business offers a lot of freedom. The freedom to decide your fees, the freedom to choose the settings that are right for you and more! When it comes to choosing the perfect setting, it’s important to think strategically—consider your costs and what’s convenient for you and your students.
More than 84% of students prefer to study online. It also allows you flexible scheduling and increased geographic reach. All this from the comfort of your home!
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All the evidence points to one thing – now is a good time to start an online tutoring business.
Setting up your own tutoring service can be difficult! If you set it too high, you may lose your customers and if you set it too low, you may lose revenue.
Choosing a pricing strategy for your business doesn’t have to be difficult! There are several pricing strategies you can choose from. Some of them are:
This is a pricing exercise based on the cost of your tutoring services and the costs associated with your business. Here, a profit percentage or a fixed profit figure is added to the price of the service, resulting in your final service charge.
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For example, your annual cost of operating a tutoring business is $10,000 and you expect to have about 2,000 billable hours in the next year. Thus, we can estimate that your cost per hour is $5. If you want to make $50,000 per year in profit, you add $25 per hour to the bill, resulting in a $30 per hour fee.
The advantage of this pricing strategy is that you can ensure your profit as long as you have enough markup numbers and the right number of students.
The tutoring industry is an extremely saturated market. As many businesses compete for the same audience, they try to keep their prices low to gain an edge over others. A competitive pricing strategy uses competitors’ prices as an indicator and does not consider the cost of doing business or the cost of your services.
For example, if you teach a math class, and your competitor charges $40 – $50 per hour, you can charge a little less than your competitor. You can charge around $35 – $45 per hour.
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If you charge extra for your tutoring services, you will need to keep sample records with students and parents. Although you can earn big by having a premium price, you should understand that.