February 20, 2024

Dona Abbott

Leading The Charge In [Industry]

Is Tutoring a Good Business in a Slow Economy?

Tutoring has proven to be a great business whether you want to work full time or part time. Lately with the economy changing a lot of people have been asking what to expect if they are just starting a tutoring business or looking to grow their tutoring business.

The good news is that even in a slow economy, parents and students will still continue to reach out for help and assistance. Students still want to improve grades, develop great study habits and learn to their fullest capability and parents will not deny this to their children.

Parents may cut other extra activities in order to pay for tutoring as this continues to be viewed as a necessity. In addition, they may not be able to pay the high fees to work with a franchise tutoring company which often requires monthly and weekly payments, but they may choose instead to work with an independent tutor who is an expert in their field and work on a weekly or bi-weekly basis.

Because starting your own tutoring business allows you to grow at your own pace, work when you want, and work with whom you choose you can start thinking about starting when you want. Getting started is easy and typically has very low start up costs.

It is best to start with a goal of how you see your tutoring business before you get started. Questions to think about are How many students do I want to have? How many hours do I want to work? How much do I want to charge? How will I successfully market and advertise in my community? Do I want to tutor online or in person? What subjects am I qualified to tutor?

It helps to have a proven outline to follow to walk you through all the initial stages of starting this business as well as train you how to best market and advertise as well as get referrals.