If you are looking for a way to earn money from home then starting a tutoring business may be a good option for you.
Tutoring businesses can be done from anywhere and all you need is a computer, internet connection, and some basic knowledge about the subject matter you want to teach.
The potential income from a tutoring business can vary, depending on the field you choose.
This business opportunity are great for people who have time but no experience in teaching or tutoring.
If you do not know how to tutor someone else’s child, this could still work out well for you if your friends’ children are willing to pay you to help them with their homework.
You will also need patience as it takes time before you get results.
Business plan : Requirements and pay
Tutoring business plan are very important because they show that you understand what needs to be included when planning a new business.
A business plan should include information such as:
- Your name, address, phone number, email address and website
- How many hours per week you intend to spend working at your tutoring business
- What subjects you intend to cover
- Who your target market is
- Why you think there is demand for your services
Your business structure for tutoring marketing plan must include:
- A written business plan that includes information such as what services you offer, how much you charge per hour, where you intend to advertise, etc. This should be submitted along with an application form.
- An outline of how you intend to market yourself.
- Proof of identity – passport, birth certificate, driver’s license, utility bill showing current academic qualification .
- Two references – one professional reference and one personal reference. References should be provided by those whom you would like to recommend you.
- If you wish to use social media platforms, please provide us with links to these sites so we can add them to our database.
- Any other documents required by the school board.
- Payment proof- bank statement, cheque stubs, credit card statements, etc.
- Business registration number.
- A good-quality service for tutoring students at schools within the area.
What are the tutoring business rules?
Tutoring business rules are a set of rules that help a tutor find students who need lessons.
The business rules include a database containing information about students, such as their interests, skills, and location. A tutor then searches for potential matches using these rules.
Experienced tutor in UK, Has reputable tutoring business since 2010, Tutor has been helping student achieve better grades in exams/assignments.
One of the most important rule in your home-based tutoring business is the quality of service.
And how reliable service you provide to your potential clients, potential students and other university student.
The variety of topics you can teach to them are also another factor which determines whether you succeed or fail in running a successful tutoring business.
If you want to make money fast, you may consider offering online courses instead of traditional classes.
You can earn more than $1,000 per month through tutoring businesses. However, you cannot expect to become rich overnight.
It usually requires years of hard work and dedication to build up a profitable tutoring business.
Tutoring costs and potential earnings
The average hourly rate for tutors ranges from £12 to £15 per hour. Online tutoring platforms charge an additional service fee for tutors to cover their time and the platform’s costs.
Online tutors typically earn around £10 per hour. The opportunities for growth in tutoring franchise can be huge if you have the right knowledge and experience.
However, it takes many hours of research before starting any new venture. You will need to spend some time learning all aspects of the industry
There are some private tutoring business in UK, that offers free trial lesson. If they do not get enough response after 3 months, they stop providing free trials.
How to run a tutoring business successfully?
To ensure success, there are several things you must keep in mind:
- Be honest and trustworthy. Your reputation depends on this.
- Have a clear understanding of the subject matter. It helps when teaching subjects that interest you.
- Make sure you know exactly what you’re doing. There are plenty of resources available online to guide you.
- Offer more tutoring services to elementary school, college students and other range of students.
- Provide popular tutoring topics, This can increase your chances of getting paid by students.
- Keep track of your expenses. Make sure you don’t overspend.
- Create a schedule so you can manage your day effectively.
- Use social media marketing tools like Facebook ads to promote yourself.
- Set realistic goals. Don’t aim too high because you’ll end up disappointed.
- Start with small tasks first. Then gradually expand into bigger projects.
- Don’t forget to take breaks every now and then.
Tutoring Business Options
Home-based tutoring business will come with many options and tutor applications. You have to choose one that suits your needs best.
Here are some examples of different types of tutoring business models:
- Flexible tutoring model – In flexible tutoring model, you offer lessons at various times during the week.
- Students pay according to the number of sessions offered. For example, if you offer 5 session per week, each session would cost about £20.
- Fixed tutoring model – Fixed tutoring model allows you to set fixed prices for specific tutoring packages.
- Provide and teach popular subjects – Tutor application is very competitive nowadays. So, you should focus on being good teacher rather than focusing on becoming famous.
- Teach only certain subjects or grade levels – Some people prefer to specialize in particular areas such as math, science, English etc.
- Tutor degree subject for college students – College student usually has limited amount of money to invest. They often look for cheap tuition option.
- Encouraging tutor
This type of tutoring are suitable for those who want to make extra income while helping others achieve academic excellence.
You may also consider offering tutoring courses through local colleges and universities. However, most schools require proof of having completed a bachelor’s degree.
- Maths tutor
Maths tutor are very common for children and adults alike. Maths tutor help individuals improve their mathematical skills.
Math tutor jobs are highly sought after these days due to increased demand from employers. The average salary ranges between $40K-$60K annually.
- English tutor
If you love reading books and writing essays, then an English tutor job might be perfect fit for you.
The average annual wage for English tutor is around $30k.
- Science tutor
A Science tutor provides instruction in scientific concepts to students.
- Keystone Tutors
Keystone tutors are great way to earn additional income without leaving your current career.
They provide personalized learning experience which helps them stand out among competition.
Some Keystone tutors even charge hourly rate instead of monthly fee.
- French tutors
This specialized topics were the tutors teach French language to non native speakers.
- Individual tutors
When school holidays are coming many parents still hire some individual tutoring sessions for their kids. This type of tutoring can be done either online or face to face.
Online tutoring services like Skype allow you to work remotely. It means you don’t need to leave your house to do this kind of tutoring.
Face to face tutoring requires you to travel to clients’ homes. But it gives more flexibility since you can schedule appointments whenever they’re convenient for both parties.
- Prospective tutors
Tutors with expertise in different fields have become increasingly valuable over time.
For instance, there are now plenty of tutors that specialise in teaching computer programming languages.
These types of tutors are called “programming teachers”.
There are also tutors that teach foreign languages. These tutors are known as “language teachers” because they mainly deal with teaching other languages.
- Russian tutors
Russian tutor are needed by Russian speaking families all across UK.
Many Russians live abroad but they would like to learn how to speak fluent English so they can communicate better with their friends back at home.
Do I need a license to start a tutoring business?
No, you do not need a license to start tutoring business. However, you may want to consider getting one if you plan to offer private lessons.
Licenses vary depending on where you live. For example, in London , you will need a Private Lessons Permit.
In Scotland, you’ll need a Scottish Qualification Certificate to run a private lesson service. In Wales, you must hold a Welsh Language Teaching qualification.
What are pro’s and con’s of home-based tutoring?
Pros:
- You’re already there
- No need to rent a storefront
- You can make as much money as you want
- No need travel around the world
Cons:
- Requires patience, time, and effort to get set up
- Must have great communication skills
- Must be able to teach your subject matter well
Home-based tutoring businesses are great because they require little start up capital.
However, the main disadvantage is that you need to be able to work from home and live alone. The other downside is that you won’t earn much money until you find clients.
In order to get started, you’ll first need to decide what type of tutoring service you’d like to offer. You should choose something that will interest people enough to pay for your lessons.
Once you’ve decided on a topic, you’ll need to research about the market before starting any marketing activities.
Conclusion
Home-based tutoring business are very challenging, They require lots of hard work and dedication. If you think you could handle these challenges then go ahead and give them a try!
Don’t give up easily on your dreams!