What about starting a private tutoring business from home? Interested?
If so, then these seven tips on how to start a tutoring business are for you. Take a closer look.
If you knew how to make $1200 a month online, from the comfort of your home, would you do the work?
…Well THIS is your chance
It’s FREE to get started, too (no credit card required). You’ll like that part…
Why Home-Based Tutoring Business is Booming
The tuition industry is booming in this day and age. And the reason is simple. Students feel that there is a dire need to seek external help because the education that they get in schools is insufficient. Besides that, the education system itself has evolved in many aspects over the past decade.
Let’s take Singapore (a blossoming island city-state), for example.
I think you agree with me that Singapore has evolved and progressed in terms of its economy and its competitiveness with the rest of the world. Truth be told, within the last 50 years, Singapore has evolved from being a poor third world country to a super-awesome first world country.
In fact, according to the International Monetary Fund (IMF), Singapore is a TOP10 economy on Earth. And that in both nominal and PPP terms. Here’s what they say:
“In 2019, Top ten richest economies in nominal terms would be Luxembourg, Macao SAR, Switzerland, Norway, Iceland, Ireland, Qatar, United States, Singapore, and Denmark.
In PPP terms, Top ten economies would be Qatar, Macao SAR, Luxembourg, Singapore, Brunei Darussalam, Ireland, Norway, United Arab Emirates, Kuwait, and Hong Kong SAR.”
Can you imagine!
So ever since that colossal transition, Singapore has continued to progress, and it will always will.
However, for a country to continue progressing, the young population in the country has to be molded and shaped into intelligent and creative individuals. Why? Because they are the ones who will raise the pride and name of the country with their findings, inventions, research efforts, and various other types of contributions.
So to adapt to the ever-changing corporate landscape, the education system in Singapore has also made its transformation…
…To ensure students are capable of catching up with the fast pace of development and progress (which can pretty much be seen around them everywhere).
Therefore, educational experts and policy-makers keep emphasizing the importance of creating youngsters who are creative-thinkers with a good presence of mind, possess adaptive qualities, and have a never-ending passion for learning, for developing and for inventing.
As a result, academics have become noticeably challenging for students over the past decade.
And that’s where private tuition teachers come in.
Specifically, students seek the help of tuition teachers to excel and get their desired grades.
Tuition teachers hence have a huge responsibility to bear as students are dependent on their tutors for specialized guidance and advice as they are certainly deprived of it in school.
Hence, if one decides to start a tutoring business from home, it has to be taken very seriously, and many factors have to be considered before making the first move.
Though the phrase “business from home” sounds easy and convenient, it is of paramount importance to realize that this has its challenges. Many are unaware of it.
So, below you will find seven tips you could keep in mind and follow to start a tutoring business from home!
Starting a Tutoring Business From Home – 7 Proven Tips for Real Results
#1: What’s Your Tutoring Business Plan?
Before starting any business, the smart initial move that you should make is to devise a business plan and decide on what exactly you will do.
The tutoring industry is one that is booming. Meaning, there are so many businesses out there that are thriving. Therefore, if you are to start your own business, you need to make sure that you are competitive in your niche.
It is essential that you do your due diligence by researching on:
- the various tuition businesses out there
- the branches of tuition centers that are already functioning
- about the current teaching strategies and methods that tutors employ (both in tuition centers and private firms).
It will give you clarity and clear your doubts; it will raise your confidence and allow you to make the next move without fearing that you may slip and fall.
#2: Your Strengths and Weaknesses
Before beginning anything risky, you need to be well-aware of your strengths and weaknesses.
It may be regarding your general characteristics (ex. Patience, passion in teaching, alertness, adaptive nature, amicability, etc.). Or it may be other factors like
- your financial status (affects your ability to invest),
- your time management skills,
- your anxiety-management ability,
- your ability to plan and stick to a schedule,
- etc.
Knowing what you are good at and what you may be weak in will help you stay vigilant, take the necessary precautions, and ask for the necessary help before it’s too late. Remember, you need to play your cards right!
#3: What and How Will You Offer?
You need to be clear of the objective and aim of your tutoring business.
Yes, the obvious reason you would start something big as a home tuition business is to earn money. But, the soul of this career option is about providing a quality education for students. Thus, you need to determine the geographic location that you will cover.
And remember, it should not be too small or too large. For two reasons:
- The area that you will cover should enable you to travel from one student’s place to another without causing delays.
- It should be convenient for you so that you do not exhaust yourself over traveling.
But you can also think about starting an online tutoring business. It is a huge opportunity, of course, and it does not restrict you from any geographic location. And obviously, you can do it at home.
#4: Be Up-to-Date
Being a private tutor, you need to keep yourself updated with:
- the change in educational policies
- the syllabus
- the kind of teaching approach that local schools employ.
Being informed about these things will enable you to be way more productive with your teaching. It will also ensure that your teaching is targeted and beneficial for your students to its maximum potential.
#5: What’s the Rate?
Setting the right price for your services is also very important. Do not underestimate it.
What is the right price, though? Well, you will roughly understand what price you can set upon doing your market research.
Tutoring rates change according to the subject, the educational level of the student, and the location you will teach at. Hence, you will need to estimate the price you will set for your home tutoring services based on what the other businesses in the markets have done.
Just make sure it’s reasonable for students and yourself!
#6: Advertise Yourself
Advertising your service is a crucial step in the development of your home tuition business.
In the initial stages of the business, word of mouth will promote your service pretty well. But it is crucial to keep in mind that that’s not enough.
You need to invest in your business to thrive over time. These days, luckily, you can make full use of Social Media.
READ ALSO:
How to Make Money by Posting Ads on Social Media.
How Much Does It Cost to Advertise on Social Media
#7: Develop Your Tutoring Business
Remember, it is not possible to be perfect, and you will make mistakes.
However, through trials and errors, you will find out the common problems you run into and the factors that play to your advantage. By learning through experience, continue to improve your skills and services. That will, in return, develop your business further.
Bottom Line
Tutoring business is a lucrative business, indeed. Therefore it is something that you should take very seriously. Because students depend on their tutors to excel in their academics.
True, the initial stages of setting up a business can be challenging. However, be persistent, and you will see your career grow and flourish over time!
Here’s something you can do, at home and at your own pace, to make a four figure monthly income online…
Do it now. Sometimes ‘later’ becomes ‘never.
What About You?
Thank you for reading my article on starting a tutoring business from home. Did you find it helpful?
Do you have any private tutoring experience that you want to share? Please drop me a comment below.
About the Author:
Steffen Carter is a Singapore Math tutor associated with ChampionTutor – One of the best tuition agency. He enjoys working with students very much. He has a positive attitude and a passion for assisting and motivating struggling learners.