💸 Make $200 a day tutoring

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What we got for ya today:

• ✍️ $200 a day tutoring

• 😂 Meme of the day

Time to get goin: 1-2 weeksEst. start-up cost: $0Potential return in 6 months: $9,600

PARENTS ARE DROPPING BAGS FOR TUTORS

With Covid flipping everything upside down, education was no exception. Kids went remote, Zoom University began, and now that they're going back soon, parents are worried their kids aren't caught up.

Plus, the intensifying competition students are now facing of getting into schools and colleges of their choice, parents are turning to tutors more than ever to ensure their kids are set up for success. And are paying big bucks to do this.

And boy does the data back this up. The US Private Tutoring market is currently estimated at $25B and set to double in the next 4 years to $57B.

So with a growing market and more demand than ever, today we're going to walk through how you can take advantage of this and start a profitable tutoring business. 👊

STEPS TO MAKE $200 A DAY TUTORING

1. Figure out your subject

When you're starting out tutoring, you want to choose a subject you're already good at or were in school. This way you'll do as little re-learning as possible and you'll be able to teach the concept better.

If you like teaching how to solve problems. Math or science is probably the best subject for you to keep you engaged.

If memorization is more up your ally. History or a foreign language class, like Spanish, would suit you well.

It's important to find a subject you enjoy because nobody likes a monotone teacher. They want someone who's passionate about what they're teaching.

Like this

Not this

2. Figure out your age range

Determining how young or old your students are going to be is crucial.

Perfect example, would you have the patience to teach a 5th grader math? I know I wouldn't.

I'd rather teach a high schooler that already knows the basics and is easier to talk to.

Just like with choosing which subject to teach, you want the level of difficulty to engage you. Teaching addition and subtraction all day is going to get old pretty quick.

3. Determine your pricing

As a tutor, it's hard to know what to charge. And the answer for you is, it depends.

More specifically, it depends on 3 things:

1. Your area - if there's a lot of schools in your town, you can charge more because there will be more demand.

2. Your subject complexity - your hourly rate is going to be much higher if you were teaching calculus vs 4th grade science.

3. Your student's age - the older the student you teach, generally, the more you can charge as the curriculum gets harder.

Tutors typically start off by charging $20/hr for easier subjects and $30-$40/hr for harder ones. As you gain experience, you can start to increase your prices as you'll become more valuable to students.

4. Market yourself

Get your name out there. I'd start with a Facebook ad.

Here's what to put in it:

• A picture of you looking smart - maybe a graduation photo, something that allows people to resonate with you.

• Your achievements - you could include your gpa and honors or deans list awards. Anything that shows you're smart.

• Testimonials - feedback from your students showing how you helped them. In the beginning you can make some up.

• Reason to contact you now - put a deadline or stress the amount of spots left in your schedule. A marketing tactic to get them to act quickly.

DOWN THE LINE

As you become an experienced tutor, you'll start to get more and more referrals from parents and students recommending you in the community.

When this happens start to be somewhat picky. Teach the subjects that genuinely interest you and pay the best to make it more fun and make you the most money.

Who knows. You might really enjoy helping people succeed and find it very rewarding. 😊 So give it a try!

MEME OF THE DAY

This guy really cracked the code..😂😂

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.