First and foremost, before you start to earn money, you need to establish the type of Tuition business you wish to do, and also noting that there is an order and some rules as well as laws we all require to follow in conjunction to the country that we’re in.
In the UK, the below four points are extremely important: -
- Understanding the benefits of becoming self-employed or starting a limited company
- How to register as self-employed or as a limited company. (5 minute process).
- Self assessment and Tax benefits of being self-employed or with a limited company.
Now, let’s list tools and start-up costs for a Tuition business in your local area, or wherever you may be!
- Laptop = £160 and upwards
- Mobile phone = £10 and upwards
That’s it! The total cost to start your Tuition business today is £170! There’s no excuse, because many people have done it!
Developing your Tuition business
- The incredibly useful thing about setting up a tuition business is that you don’t need a certificate, diploma, or have to sit an exam. As long as you are knowledgeable, passionate about what you are teaching, and the person whose listening to you is learning as well as enjoying the experience, then you’re on your way to starting a successful tuition business.Being an expert in your chosen specialist subjects is highly advantageous, but you don’t necessarily need to be one. As long as you have a solid knowledge base and you’re enthusiastic about what you’re teaching, you have it what it takes to begin tutoring.
- Research the market, find out which subjects are in demand the most, verus the subjects that already have dozens of tutors. We’re not suggesting you ignore your calling should your specialist subject be Math,Science or History, but what we are saying is to think outside the box, figure out which areas are lacking a good tutor, and why.
- If you want to be a tutor, but don’t want to leave your home or work space, then become an online tutor. This is the easiest and most convenient method for both you and the student. You can simply set up your own website, although, there may be a cost to this, and get to work with marketing it, or, alternatively, register to an online tuition website, such as www.mytutor.co.ukor www.tutorchoice.co.uk, who already have a database of customers. Just be sure to research the website/business your signing up to before you commit.
Helpful tip - Regardless of what business you start, it pays to know your market. If your planning to teach mathematics in an area that is already flooded with tutors for that subject, then it’s going to be difficult to win business. Be smart about what you want to teach. Should you have the knowledge to do so, perhaps offer an array of subjects as opposed to one, create a brand that stands out from the crowd and offer something nobody else does, and most importantly, when you get your first student, make a great impression.