A great way to switch from a regular office job to freelancing is to set up a home tutoring business. Whether it is for extra cash or because you want a change in career, tutoring can be very lucrative. In short, it is the best micro business with potential for macro returns. So here’s a step-by-step guide on how easy it is to start a successful home tutoring business:
To teach someone you must have some level of expertise. Identify the subjects you excelled in school. Of these, focus on the ones you enjoyed learning. Make these subjects your area of expertise. If you are comfortable about teaching high school chemistry, you must aim at children from middle school to high school in order to get more students.
Note: Keep your house spotlessly clean because a shabby house will reflect on your tutoring skills when parents come with prospective students.
Give your business a name and also create a nice logo online. Through family, friends and social media publicise your tutoring business. With due permission of the school authorities, post advertisements of your tutoring business on the notice boards in the local schools. You can also insert classifieds in the local dailies for additional publicity.
Check online or through friends the fees that other teachers in the area are charging for home tutoring. This way you know the size, experience, expertise and prices of your competition and you can set your hourly rates accordingly.
To begin with, start by teaching local students at your house. Initially take on students only at weekends. If not, fix a mutually suitable time and teach each student individually. You can slowly expand into taking a small batch of students at a time.
Keep yourself up-to-date on the latest revisions in curriculum. You may need to make a small investment in books for ready reference.
As the number of students increase, you can afford to invest some more into the business for long term benefit. Identify a free space in your home that can be converted into a workstation. You must also:
Register your home tutoring business on sites like e-hometutors.com or firsttutors.com so that you get regular e-tutoring jobs. It is now safe to chuck your job and take on more work. As different nations have different time zones, you can get e-tutoring jobs throughout the day. But continue with a few local students (through e-tutoring) to maintain a grip on the local scene.
Set goals for students and work with them to achieve the goals. Give the parents feedback on the child’s progress at regular intervals. Keeping them in the loop will keep the students more focused and will also improve your credibility as a tutor.
Being a freelance tutor or online tutor gives you the opportunity to choose a schedule for tutoring that fits in well with your household chores. The home tutoring business is a micro enterprise which requires minimal investment but has the potential to give you a fair-to-excellent monthly income depending on the time you can devote to tutoring. And yes, don’t forget to check up your tax liability.