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As someone who did very well in school, I always thought about starting a teaching business. But even when I wasn’t working on it, Matt Fuentes was.
How To Start A Private Tutoring Business
In this on-air and podcast interview, he breaks down the steps he took to build a $1,000-a-week coaching business. He focuses on the ACT, the American college entrance exam, and even wrote a book on the subject, but I think you can apply this technique to other tests or other academic subjects.
How To Start A Tutoring Business From Scratch: A Complete Guide
The ACT is an admissions test that many colleges use to evaluate students for use in their schools. The subject covers English grammar, reading comprehension, mathematics and science.
Millions of students take the tests every year, and the testing industry makes more than a billion dollars a year.
As a Side Hustle Nation reader, I want to show you how you can earn some of that money!
Don’t worry if you’re not a teacher. I’m giving you the resources to build your skills and they cost $0.
Start A Home Tutoring Business
Cheers! You’ll soon have a great list of ideas in your inbox. (If it doesn’t appear within 5-10 minutes, check for spam/ads.)
I’m not a genius; from him. But I realized a need and decided to work to meet that need and put money in my account at the same time.
Here’s what my ACT teacher did for me. It gave me freedom and opportunities. This post and my Amazon book will give you the knowledge and insight to start your own ACT tutoring business and start making some extra money (money that can change your life).
My plan is easy to follow and before you know it, you will definitely have clients and income.
Business Proposal For A Tutoring Agency
A few years ago I gave birth to my first child. One day at dinner I met a couple who were making a lot of money as teachers, so I decided to try it for myself. I learned everything, started hustling and found everyone I know!
The first month I had my first client, a high school student, I helped with reading comprehension. I made business cards and distributed them to everyone.
Although I call myself an ACT teacher, I have found people who challenge me in other subjects. I was saving $200 a month.
Within three months I had six more clients and was making $90 an hour. There were several weeks when I tutored two students (brother and sister) at the same time and made $200 an hour!
Starting A Tutoring Business In Zimbabwe
Within six months, I was making over $2,000 a month with free training. I even found a partner to handle the overflow. I’ve even gotten paid by students I don’t teach!
I currently have a network of clients and referrals that keep me busy and earn between $3,000 and $4,000 per month.
Let me be clear again: I am not smarter than you or anyone else. I just followed a few steps and worked my tail off.
Many people have asked me: why WALK? Why concentrate on just one exam?
The Pros And Cons Of Starting A Private Tutoring Business
University entrance exams cost a lot of money per class. Test prep classes are some of the best jobs around, with regular rates ranging from $75 to $125 per class.
Nick’s comment: This makes sense because parents want their children to go to a good school.
Will not pass the test. I know there are stories of colleges accepting student applications without the SAT or ACT, but very few colleges do. There is a selection test and millions of students take it.
According to the 2016 SAT Score Collection, more than 6.7 million test takers took the SAT® or PSAT during the 2015-16 school year.
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The exam is offered throughout the year. The ACT is offered six times a year. Unlike subject teachers, who can work with a student before a test or specific subjects, there is no free time.
Nick’s Notes: Another fun learning opportunity is BookNook, where you teach kids in grades K-8 math and reading online. Teachers earn between $15 and $22 an hour, and the only requirements are U.S. residency and at least one year of teaching, learning, or training.
Bookmark this image.
Tutoring Business Plan
I was good in high school. My SAT and ACT scores were in the top 25% in the United States. However, once I started following the process outlined below, my grades skyrocketed and I realized I could hone my testing skills into a successful business.
It took time, effort and a good attitude. I knew there were resources out there; All I have to do is DO THE WORK and so will you.
I set my default values based on my needs and you should too. (How much money do you need to make to take this risk?)
How Much To Charge For Tutoring? (pricing Guide)
For example, $80 is my lowest hourly rate and $120 is my highest hourly rate. The price also depends on the items listed below and the selection you make.
As my work grew, my time became more valuable and the price went up. I also developed a following, and I can be called the first customer to justify the high prices.
When the client asked for the same fee as the referrer, I politely explained that there were other people willing to pay more for less of my time. This little information about how many of my services were needed increased my “open closes” by 90%.
You may be wondering how I found my first clients. Here are some of the best marketing techniques I’ve used.
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I found a better way to find these customers. Tell them you started this business and want to let them know, even if they don’t need to. Maybe they know someone who does!
Nick’s Notes: This is how your network is your network’s network, and this is where the magic happens. Matt made it easy to refer customers to him by letting people know what he does.
Be respectful. Sometimes I say, “I don’t want to bother you, but I just want to tell you…” or “I hope everything goes well! Just wanted to leave a note that I recently studied for the ACT, if anyone knows you can send me my number.
In the hundreds of messages and emails I’ve sent, I’ve never been told not to talk to them or check my spam.
Business Card Template For Teachers And Private Tutors Diy
Business cards legitimize you and give you a place to communicate with your customers and referral partners.
Call your library, school and recreation center. Most customers want free information, and these sites are a great way to provide it in a one-on-one environment.
I have personally hosted events at local coffee shops, libraries, and entertainment venues. I will make it clear that the event is FREE, but I will ask permission to hand out my business cards at the end of the event.
Nick’s Notes: I mention this trick to other listeners and we explain it in detail on the podcast where my guest wrote a $9k paper using a similar strategy.
How To Advertise Your Online Tutoring Service
Not all events are standing room only, and that’s okay. I have done trainings for 5 people and some for 60 people.
I don’t care about crazy high numbers because every member is a customer. Five people can find me 2 clients and over $1000 a month.
For advertising, I will create my own page and ask the real host to post it on their website and bulletin board.
Like academic businesses, these counselors often have students’ workbooks, prepare them for essays and college applications, and advise them on how to apply.
How To Start A Home Based Tutoring Business
All their customers
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Hi, I am Erick Norman. A blogger specialist in Kitchen Design.