*This post may contain affiliate links, which means if you click through and make a purchase I may receive a commission at no cost to you. Please read my disclosure for more info.
Tutoring is a huge industry right now, and if you’re looking for a new business venture, it could be a good route to go down. The job market is more competitive than ever and that means there is more pressure on kids to perform well at school, so tutoring businesses are doing very well right now.
It’s a fairly easy business to get started and the overheads are relatively low, but you can charge a good hourly rate for tutoring sessions, which means that you stand to make a good profit in a relatively short space of time. If the idea of starting a tutoring business appeals to you, here are a few things that you need to think about. And if you’re interested in everything about starting a business, have a look at my Ultimate Guide To Business.
The first thing you need to do is decide on the type of tutoring business that you want to be, and you have two main options. You could set up a tutoring facility and meet with clients in person or you could start up an online tutoring business. If you set up a facility, you will need to cover the cost of renting a space, buying educational furniture, and any other equipment you might need, like computers. The overheads are higher than they would be if you started an online tutoring business, but you can charge a higher rate for a more personal service, and the quality of education is often better. But if you are looking for something that is cheaper to set up, online is your best option. Online tutoring is easier for a lot of people because it’s more flexible, so it will be easier to find your first customers as well.
As well as deciding on the kind of tutoring business, you also need to decide on the subjects that you will offer. To begin with, it’s best to stick to one subject area, and if you have the expertise, you can even teach the sessions yourself. As you start to earn a bit more, you can expand and start branching out into different subject areas.
When people are looking for a tutor, they will search online for one, so you need to build the perfect website. Make sure that it looks professional and it’s easy to navigate, and it has a clear pricing structure. People don’t want to spend ages searching around, you need to make things easy for them. You should include an outline of your curriculum and your teaching methods as well. I have a simple guide to setting up your own website in 4 easy steps here. If you’re looking for a one-click install, have a look at Siteground, they can help you and offer the best hosting out there!
When you are trying to market your tutoring business, word of mouth is very important. You should reach out to the local schools and let them know about your new business. They can pass the word on to any parents that are enquiring about tutoring services for their children. You could try libraries as well, and put up some posters in there. A few recommendations from these places will really help to kickstart your business.
A tutoring business can be slow to get off the ground, but it’s not too expensive and once it’s up and running, it can be very profitable.