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    Starting a Tuition Business

    So you've decided to become a tutor! You've chosen the subject(s) you will tutor, but where do you go from here? Starting a tuition business can be a daunting prospect. How will you find students? Are you really going to be able to make money doing this? What about taxes and the legal aspect of operating a business? In this article, you will learn the basics of starting a successful independent tuition business.

    How Much Is It Worth

    What fees to charge is a primary concern for a new tutor. When you first begin your tuition business, the best route is to charge the average market rate for tuition in your area. If you charge below the market rate, you're underselling yourself and telling potential students that you aren't as worthwhile as other tutors. Of course, attempting to charge more than the market rate will likely backfire until you are more established.

    At the time of this writing, the average tuition fee is £15-20 per hour. To discover the rate in your area, telephone a few other tutors and inquire about their hourly fee. There is no need to reveal that you intend to start your own tuition business. They certainly receive many calls from parents asking about their fees. As you develop a positive reputation among your students' families, you can begin to charge higher rates for new students. Raising your fee slightly at the beginning of each school year is also acceptable, but remember to be fair and not greedy!

    One trick to earning more per hour is to "double up" with your students. If you have two students needing tuition in the same subject and on nearly the same level, you could tutor them together while offering their parents a discount rate. If each family ordinarily pays £20 per hour, you could reduce the fee to £15 per hour for the shared lessons. Each family is paying less, but you are earning £30 per hour instead of only £20. Even if you combine the lessons only once or twice per month, you'll still be earning more.

    Advertising

    Beginning with free sources of advertising will maximize your profits during the early days of your tuition business. Write to your Local Education Authority and include your business card. They may refer you to parents needing a tutor for their child. Leave a business card with your local library as well. The librarian may refer your services to students. Asking local shops-especially ones selling books or other educational materials-to post a business card or flyer is helpful as well.

    Paid advertising is often more successful than free advertising, and a good place to begin is the classified section of the newspaper. Write up a short, simple ad and submit it to several local newspapers. Which newspapers will give you the most results can only be seen by experience. You may decide to focus your advertising in certain newspapers after you see the results they give. It may sometimes be helpful to place an ad in a newspaper of a neighbouring town, but I don't recommend advertising more than 20 miles from the place you'll be offering tuition.

    Legal Matters

    A tuition business is usually simple and straightforward and the financial portion can be handled without much added stress. Keeping track of your income and expenditures if very important. A ledger or accounting software will both make the task easier. Have a receipt book and provide your clients with a receipt for each payment.

    As in any business, save your receipts from all business-related purchases. Organize them chronologically in a box or file folder system. Allowable expenses include a portion of your telephone, heat, and lighting costs. Contact the Inland Revenue to find out what portion of the motoring cost for travelling to students' homes can be claimed. You may also claim the cost of office supplies (postage, stationary, furnishings, pens, paper, etc. ), advertising, insurance, and other business expenditures. You can receive detailed information from the Inland Revenue.

    Tutoring is a rewarding career, and beginning a tuition business can be an easy and profitable task. May your business grow and your students excel!

    The article was written by Cindy Horton, who has been home school tutoring for five years

    Catherine Clarke likes this.
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