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Figuring out how to start a tutoring business as a teenager can be a daunting prospect. There are a few steps you should consider before you get started.
To start a tutoring business is a great thing. Not only are you educating the next generation and helping to shape their future, but you are also investing in your own future prosperity and success.
Starting a tutoring business has numerous benefits that make turning your passion for teaching into a tutoring service worth the time and effort. Tutoring is also one of the easiest small businesses to create and start.
What Do Tutor Businesses Do?
Tutors can help students with homework, explain difficult concepts to make them easier to understand, and help students improve their grades so they don’t have to attend remedial classes.
They can also provide standardized test preparation, which can increase a student’s chances of receiving a scholarship. It is best to find a unique niche that you can specialize in rather than just teaching general subjects.
Tutors in mathematics, science and foreign languages are always in demand. A teen tutor’s responsibilities include researching your topic, finding students, teaching, and responding to feedback from your students.
Since you will need to have a complete mastery of the subject to be able to teach it to others, you will need to know the subject well enough and then you can improve your skills by taking the course.
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What Does It Take To Start A Tutoring Business As A Teenager?
To be successful in tutoring, you will need patience and communication strategies that will allow you to deal with students who may struggle to understand a concept.
You should be familiar with teaching methods and ways of imparting knowledge to a wide range of students. Since each student may learn differently, your skills should be tailored to their preferred learning style.
You don’t need any special qualifications to be a tutor or start your own tutoring business. You just need a passion for education and subject matter expertise that you’re confident you can easily convey to students.
Teaching ability or experience is a definite plus. The goal of a good tutor is to improve the student’s knowledge, teach him to study and prepare for exams.
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How to Start a Tutoring Business as a Teenager
Before you begin teaching classes to students, you will want to gain a solid understanding of the topic you will be teaching before attempting to teach it to others.
Of course, you take classes in middle school and high school to help with this, but if you want to take it a step further, you can take a course at Lynda.com, which has tons of courses for any topic.
Identify your target audience
You should start by deciding who and what you want to teach, because deciding who you want to sell your services to affects your entire business plan.
Find a teaching niche
Starting a tutoring business focused on STEM (Science, Technology, Engineering and Math) subjects is great because these are in-demand skills. Within these subjects, you can further narrow your niche by focusing on trigonometry or how to write a college-level research paper.
You may also find a niche in a standardized test, such as the SAT (for college admissions) or the LSAT (for law school). This can be a very lucrative path — The Princeton Review’s SAT prep course can cost up to $899.
Choose a tutoring business model
There are several different business models you can choose from when starting your tutoring business. They include:
- Buy a tutoring franchise: If you prefer to work within an existing business model, you can join a tutoring franchise such as Kumon or Sylvan Learning. However, buying a franchise has its drawbacks, including startup fees and a lack of freedom, so it’s important to do your research.
- Run a Home Tutoring Business: This option is great if you want to keep your startup costs down. You can designate a space in your home as a tutoring space—and if that’s all the space is used for, some things related to that space may be tax deductible.
- Be a traveling tutor: If you are not comfortable giving your home address, you can travel to your client’s home for lessons. It can also increase your appeal to parents, as they won’t have to take time out of their busy schedules to drive their kids to class. Your mileage or other travel expenses can also be another tax deduction.
Register your business
If you’re wondering how to start a tutoring business, you’re probably self-employed; especially if tutoring is your side hustle. However, there may come a time when you want to choose a different business structure, such as an LLC.
With an LLC, you will have less liability and be able to be taxed as a sole proprietor or corporation.
Determine your price
If you are starting a tutoring business, you want to make sure that you set competitive rates that cover your costs while still being attractive to clients.
According to Glassdoor, a private tutor with one to two years of experience can expect to make between $14,000 and $42,000 a year, or a national average of $22 an hour, depending on your rates and amount of work.
Market yourself
You will need to get the word out about your new tutoring business, so the key is to develop a marketing plan that is not only effective, but also within your budget.
Even though more and more businesses are going digital, business cards can still enhance your branding and marketing strategy. Since many tutoring companies work with local clients, a business card that you can hand out in your community will help spread the word about your services.
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Requirements To Start A Tutoring Business As A Teenager
You don’t need a teaching degree or special training to be a tutor. What you need is knowledge of the subject and the ability to explain it in a way that others can learn.
Tutoring can be done at the client’s home, at the tutor’s home, or at another location, such as a school or library. The internet has made online tutoring possible through video conferencing, so you can tutor clients who live outside of your location from the comfort of your home.
Before starting a new career, you should familiarize yourself with the advantages and disadvantages of a tutor.
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Pros Of Starting A Tutoring Business
- Tutoring allows teachers to connect with students one-on-one in a way that classroom teachers can’t always do. Some of the reasons to pursue this goal and start a home tutoring business include:
- Getting started is quick and affordable. You don’t need any special training or equipment, so you can get started as soon as you find your first client.
- It’s extremely flexible, so you can tutor in addition to doing other work, or you can do it full-time if you have enough clients.
- You can expand your business from one person to organizing other tutors to work for your company.
- This can be a way for educators to supplement their income.
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What Is The Best Payment Method For Tutoring Business
You need to determine how you are going to get paid for your services. First of all, for tax purposes you will need to provide your customer with a tax invoice.
There are certain requirements that must be specified on an invoice to be tax compliant. So, you might benefit from using an invoice template that will create exactly what you need.
Another option is to use invoicing software that handles everything for you. Square Invoices takes the invoicing burden off your shoulders by creating and sending your invoices, tracking which invoices have been paid or unpaid and accepting online payments with the click of a mouse.
Conclusion
There will never be a shortage of students who need help. Are you thinking about starting a tutoring business as a teenager to potentially get a share of that income? Or maybe you would like to start tutoring because it is a flexible and enjoyable job?
If you decide to start a tutoring business, you need to make sure that you provide high quality services. Starting a tutoring business can be extremely difficult. However, this post is here to help you succeed because in this article we have covered everything you need to start a tutoring business as a teenager.
How To Start A Tutoring Business As A Teenager FAQs
The demand for tutoring services is growing in line with the demand for education. As long as education remains in high demand across the country, the need for experienced and specialized tutors will continue to grow.
The tutoring industry is growing at a rapid pace. New subjects, new directions and new teaching methods give parents a wide choice. It is good to build trust between parents and become a professional business. Defining your niche and making it your differentiator will also help.
Tutors can typically earn between $10 and $75 per hour depending on the subject and the education level of their students. Tutors with expertise in specialized subjects such as foreign languages, advanced physics, or post-secondary materials can usually charge more.
References
nerdwallet.com – How to Start a Tutoring Business
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