There are several options for you to consider when starting a tutoring business.
Here are some of the most common business models:
Tutoring as a contractor you will work for a company or an online platform that will collect payment and subsequently pay you as a contractor.
Under this model, many teachers have begun tutoring English online for students in China and other countries. Normally you will be required to sign a six-month to 12 month contract. Your employer will collect payment, then issue payment to you. Hourly payment ranges anywhere from $15-$22 an hour – typically.
You can also sign up for platforms such as WyzAnt or Preply, etc., which take a commission from your earnings. There are several online platforms, Care.com and Superprof, etc., where you can create a tutoring profile for no charge, however these typically do not result in many inquiries. It’s important to note the differences in each of these platforms that allow you to post a tutor-profile. We will be publishing a comparison of these services soon.
As an employee working for a tutoring center, you will gain a vast amount of experience and understanding of the tutoring industry and how it works. You will also receive the benefit of students and a set schedule. Tutoring centers also train you in their processes and strategies. Another benefit to working at a center is the ability to pick up educational information rapidly – such as standardized tests and standards in education.
These types of tutoring centers include Sylvan Learning Center, Mathnasium, Kumon Math, Huntington Learning Center and many more. These local tutoring centers are very popular and on the rise.
While you get paid significantly less than you would if you’re working on your own, you have set hours and set students as well as a steady income.
If you’re a budding entrepreneur you will quite likely want to work for yourself.
Your schedule will be much more flexible and you will be your own boss!
Additionally, you will be solely responsible to find your own clients. Although finding clients might provide a challenge, a good reputation spreads fast and your income will certainly grow exponentially as your reputation does. As a self employed tutor, you name your price and keep 100% (except what income taxes are required) of your earnings. Another benefit is having flexibility in your schedule and clients. As a private tutor you can be a little more selective with your clients and focus in on a niche.
You are not limited in how you structure your tutoring business. One of our clients works in all three of these markets – as an employee, as a contractor and as a private tutor. That’s the beauty of working for yourself.
You can model your tutoring business in a way that works best for you!!