Recent changes in education, such as distance and hybrid learning, have given way to a boom in mentoring. And as demand for private instruction soars, potential and established tutors are considering how much to charge for their services. Knowing your market is critical to determining your rates, says Caitlin Meister, founder of the Greer Meister Group, a practice of private educators who teach children throughout the New York City area. For example, in terms of in-person tutoring, a market like New York City or Los Angeles, where the cost of living is higher, will support higher rates than a smaller market, he says.
That said, the growing popularity and need for online tutoring has leveled the playing field. Arash Fayz, Co-Founder and CEO of LA Tutors 123, a private tutoring company based in Los Angeles, explains: “If you're an independent tutor working solely online, your location doesn't necessarily have to be factored into your fee. On the other hand, your student's location is something to consider, as it could set a competitive rate with your area, especially if you're going to move to in-person tutoring at some point, Fayz notes. That said, the area of study you focus on matters too.
Certain times of the day are especially popular (think right after school ends) and could come at a steep price. For Casilla-Mwaura, the times of greatest demand for learning during the peak hours of the pandemic were 10 a.m. Before the pandemic, he explains, weekends were popular, so this could change as schools return to a new normal. A consistent customer is certainly an asset, as you will be able to rely on those revenues on a regular basis.
To make an ongoing agreement more financially attractive to your customer, you could offer a lower rate. One way to do this is by selling packages. In addition, by offering a competitive rate that is about a third less than what you charge for individual sessions, you have gained more students, explains Casilla-Mwaura. You can also adjust your rate without mentioning the number of students you're willing to teach at a time based on their ages, taking into account their educational and behavioral needs.
Keep in mind that the number of clients you've been working with will also come into play, given that if you don't have enough students to calculate average score growth or improvement, your hourly rates are likely to be lower than someone with a larger sample size, Fayz says. Whether you're starting a tutoring business or tutoring as a side job, being an entrepreneur requires you to spend to earn. But you can also take into account your expenses when setting your rate. Casilla-Mwaura Says Cost of Equipment Required for Online Tutoring Influences His Fee.
Whether you're reevaluating your rate with established customers or you're imposing an annual salary increase that you'll share with prospective students, it's common practice to increase your rates, based on your results and experience. Ultimately, dedicated tutors who get results for their students and continually book their schedules will only be able to set a competitive rate, but they will continue to increase their prices over time and enjoy the continued success of professional tutoring. Enter a valid email address Create a free account to access our nationwide network of caregivers with verified backgrounds. You're on your way to finding someone your family will love.
Many of these online tutoring jobs, for example, are done through online tutoring companies that will set your fee based on your perception of your experience, qualifications, and subjects you are teaching. While there is no tutoring fee calculator that considers all of the factors needed to determine how much to charge for tutoring, you can use websites that show average salaries in your area as a tutoring price calculator. Along with professional tutors, corporate tutoring services, and online tutoring, some parents turn to college students who specialize in education to get the tutoring assistance they need. Fees are generally based on the tutor's experience, the type of tutoring you want, and the amount of time you spend with your student.