Successful Home Tutoring Business – Lucrative Hobby No.4

home-tutoring

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:

1.Identify your skill

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.

2. Publicise your business

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.

3. Check the competition

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.

4. Start with locals

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.

5. Identify the curriculum

Keep yourself up-to-date on the latest revisions in curriculum. You may need to make a small investment in books for ready reference.

6. Plan for expansion

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:

  • Buy and install a PC with wifi connectivity so that you have easy access to the Internet.
  • Enrol in an online course to get the necessary certification for additional qualifications.
  • Learn online on how to carry out e-tutoring.

7. Publicise on the Internet

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.

8. Provide progress reports

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.

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FROM BURNT OUT MOM TO HOME BASED BUSINESS WOMAN

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If you are a burnt out mom, this is just what you need. You have gone through different phases of being a mom – from compulsive zealot, to exhausted drudge and on to resentful living martyr! You don’t get free time for any of the fun things you did before the kids came along. Here are some ideas to bring back that spark in your eyes; and you can change from a burnt out mom to a home based businesswoman.

STAGE 1: TAKE UP A HOBBY

A hobby? How will that make you a businesswoman. Patience! Did you like photography as a teenager? Do you have a collection of your pictures? Recollect the activities you enjoyed most in your teens and as a young adult.

Now decide what time of the day is slightly slack? Is it at 11 AM when you are alone at home and most of your morning chores are done? Then keep that time of the day for your hobby. The idea is to incorporate it into your daily schedule. Discuss it with your family and get their insights on what would be a fun thing to do.

Be creative and experiment with your hobby so that you have some samples ready. For example (depending on your hobby) crochet patterns, pencil sketches, paintings, artwork from recycled plastic, making showpieces from old newspapers or grocery bags, etc. If it’s photography, sort, categorise and organise the pictures into albums, and so on…

STAGE 2: MONETISE HOBBY

Let us now presume that you have sufficient experience to turn your hobby into a business. What you need to do is:

  • Simplify your household chores so that you have a little more time to devote to the budding business,
  • Keep a few samples of your work ready (or digital images) to show prospective customers,
  • Publicise your talents through relations and friends,
  • Put up images on Instagram with a note about your business,
  • Publicise it on your social media profiles.

SOME LUCRATIVE HOBBY IDEAS

The hobby ideas suggested below are those that I have actually witnessed. Many women among my friends and acquaintances were once overworked mommies but are now running successful home based businesses:

PAPER CRAFT

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You are probably wondering if I am crazy! But a friend of mine, Rachna, has just turned her paper craft hobby into a very lucrative business. She started out by just making greetings cards for relatives and friends. Then she got orders for making gift articles like pictures frames and also for gift wrapping. She is now a specialist in gift-wrapping wedding trousseau and return gifts. Her children are in college and she has a full time successful career in her home-office.

BEAUTY SERVICES

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My cousin Prabha has always been self conscious about her looks and was very well groomed. But when the children came along she let herself go. She felt depressed and a feeling of uselessness was setting in.

Fortunately, destiny came to the rescue! Our college mate asked if Prabha would apply makeup for her. She had a wedding to attend and couldn’t get an appointment at her usual salon. That was a big opportunity! Prabha has never looked back ever since. Today, she runs a full-fledged home beauty salon.

I have also suggested other lucrative hobbies like photography, home based catering services, and personal grooming classes in my previous posts under “Hobbies”.

So ladies, please make time for yourself. Evolve from a burnt out mom to a successful home based businesswoman. You owe it to yourself…

 

CATERING SERVICE – FROM LUCRATIVE HOBBY TO FULL TIME CATERER

 

 

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Since you are reading this post, obviously you are a foodie and love cooking. This is second post in the series of lucrative hobbies. We have already seen how amateur photography, can become a profitable side business. If you consider cooking to be fun, then a home based catering service is the perfect way to earn a little extra on the side. But here we go one step ahead…we shall see how a hobby can turn into a full time business.

HOW TO START A CATERING SERVICE

 

Let me tell you what Radhika, my friend did. She was working as a software engineer in a mid-cap IT company, earning a reasonably good income. She saw how most of her colleagues craved for homemade food. Living in PG accommodation and eating in restaurants day and night can really make one homesick. So she decided to start a catering service stage by stage.

Stage 1:

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Radhika spread the word among her colleagues, relations, friends and neighbours that she would take party orders at weekends for a small group of 6-12 people. Meanwhile, she also planned some menus. Since she always cooked her own meals she was able to calculate an approximate cost per person. Adding a little extra for home delivery, she arrived at a quote that was really affordable. She began experimenting with different types of cuisine and offered variety.

 

Meanwhile, she enrolled for culinary arts class for two hours a week. Here she learnt salad decorations and presentation of different dishes. She realised that people evaluate a dish with their eyes before they are willing to taste it. So presentation is king in the catering business.

Stage 2:

As her orders increased she needed help. Sometimes she would have multiple orders over the weekend. Some clients asked for customised dishes. Add this to her regular job; and she was obviously finding it difficult to cope with the pressure.

Easy solution – she roped in a couple of college students living nearby to help her with tedious tasks like chopping, grating, grinding, etc for a reasonable fee. They were happy to earn some pocket money and she was happy to have help. Besides, they brought in more business.

Stage 3:

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Now Radhika decided that she had a sufficiently large client-base to sustain her catering service over a long time. So she chucked her regular job and decided to go full time into catering. But party orders were still limited to weekends. So she started providing tiffins or lunch boxes on weekdays too.

IMPORTANT REQUIREMENTS OF A FULL TIME CATERING SERVICE

Radhika was operating her catering business from home but she had a full time staff of two helpers in the kitchen and a delivery boy to carry the tiffins over to numerous clients each day. Earlier, it was just a small lucrative hobby. Now it was time for legal compliance.

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She looked up on Google and read the local **Health Department’s regulations pertaining to licenses for small businesses. One of the requirements of the Department was inspection of the place where the food is stored and cooked, and also how it was packed and delivered.

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Once she had complied with the legal requirements, it was time to focus on business expansion. Networking is another aspect that is very important when you are running your own business. So Radhika never missed a party. In fact, she did this right from the start. She attended and monitored the service at every party. In that process she met more potential clients.

The proof of her success is in the fact that she now needs a full time accountant as well! Radhika’s part time hobby of providing catering service had turned into a full-fledged small scale business. I won’t be surprised if she branches out into corporate catering. If she can do it, so can you…

**Before you decide to go full time, please remember to comply with the local government regulation pertaining to a small scale catering service.

VERIZON ACQUIRES YAHOO – IS IT ALL GOLD AND GLITTER?

 

Acquisition-COLLAGE

After a lengthy saga of bidding Verizon acquires Yahoo at $4.83 billion. This includes Yahoo’s content, search, mobile and advertising activities. Verizon already owns AOL, so everyone’s looking forward to some earth-shaking changes. Hopefully, the sale marks the beginning of a new era for Yahoo.

THE PLUS SIDE OF VERIZON-AOL-YAHOO CORPORATE SYNERGY

When you want to put two and two together to make 5 or even 10, that’s synergy! The purpose of an acquisition is to join 2 forces to get a combine power that is far greater than 4. With Verizon’s acquisition of Yahoo, the positive effects will be:

  • Streamlining their processes by eliminating duplication of processes,
  • Combining technologies to provide enhanced web and mobile services,
  • Acquiring skilled workforce of Yahoo,
  • Sharing distribution channels for their combined goods and services.

WHAT ARE THE CONCERNS NOW THAT VERIZON ACQUIRES YAHOO?

Marissa Mayer in her press release has predicted a very positive future after the Verizon-AOL-Yahoo combine. The acquisition will bring together Verizon’s mobile technology AOL/Yahoo’s search, email, video conferencing, social and advertising technologies under one roof. But when Tim Armstrong of AOL mentioned the words collective synergies, it was bound to make the workforce of Yahoo feel jittery. In the present situation there are some worrisome questions that will arise, like:

  • What happens when there is conflict in corporate culture between the three merged giants?
  • Is there guarantee that some Yahoo employees will not lose their jobs?
  • Will there be a major reshuffle of staff duties and responsibilities following the consolidation?

Yahoo is a pioneer in web portals and search engine technology. Let us hope that the three combined entities are able to bring about a revolutionary change in Internet and mobile technology without drastic changes in the workforce.

8 Awesome Tricks To Save For Higher Education

 

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Save for higher education

Statistics show that the cost of higher education per child is about INR 20 lakhs or approximately 30,000 USD. This takes up a huge chunk of one’s income. So how does a family save for higher education? Here are some simple tricks that work:

  1. Pre-plan menus – How often do you order a pizza or burger online? Your budget is busted every time! Plan your week’s dinner in advance. One example – At the weekend, prepare some vegetable/meat patties, wrap them in foil and freeze. When needed, shallow-fry and serve with brown bread. You have a tasty meal at one-tenth the cost.

2. Check stock – Once you have planned the week’s meals see which ingredients are in stock. If something is missing check for alternatives. Now your shopping list has come down to the bare minimum. See if you need any household essentials and make just one trip to the supermarket and save gas.

3. Reusable containers – It is worth investing in steel or aluminium boxes for storing provisions. Also, refill packets cost less than their packaged varieties. Cotton cloth towels can be washed with the daily laundry and reused. Look for other disposable items you could replace with the reusable containers.

4. Budget trips – You can search online for scenic weekend getaways around your town/city instead of travelling far. If you are staying overnight, look for a resort that offers tents as they are a lot cheaper. This is a simple trick that helps to save for higher education and you don’t have to forgo pleasure.

5. Buy second hand – Pre-used furniture, home appliances, televisions, bikes, automobiles, etc are easily available online. Keep a lookout for clearance sales offered by local shops. Convert saris or dresses that are in a reasonably good condition into curtains and cushion covers. Sofa-cum-beds with storage space will reduce the cost of wardrobes.

6. Save energy – Make it a rule that all the family members spend time together for at least 2 hours in the living room each evening. This will help in two ways

  • You will get more quality time as a family;
  • You can switch off all the lights, fans, ACs, TVs, heaters, music systems, etc in the other rooms.

7. Borrow, don’t buy – There are some items that you use just once like books and magazines. Wouldn’t a lending library be a cheaper option? But borrowing DVDs should be limited to once a month because if you forget to return you have to pay a fine!

8. Enjoy fresh air – Instead of the movies an hour at the jogger’s park with the family will give more pleasure and cost nothing. Carry a ball or Frisbee and have fun! You can buy some board games for rainy days. Give incentives to kids and take their help with gardening. Whoever tends the plants gets to select the TV channel. Whoever mows the lawn decides Saturday dinner menu, and so on.

You might ask – Will saving a dollar make you a fortune? Take my word for it. These steps may be apparently very simple to follow, but implementing them will help you to save for higher education to a large extent.