How to start an online tutoring company or business?
How to start an online tutoring company or business?
A huge opportunity is waiting to be tapped as more and more people are becoming aware of the benefits of online tutoring. There are hundreds of companies which are handling work of this nature and still there is room for hundreds of them to reap benefits of this business. All these businesses have been profitable. N.C.L.B. Act (2001) further strengthens the position of these companies, by encouraging more investment by the state on the education of every child. Further, it propounds the provision of funds for tutoring of students. Federal funding of education in USA has increased from 42.2 billion dollars in 2001 to 54.4 billion dollars in 2007. With increased investment by the Government and with already profitable businesses, this sector is bound to rise.
What is Online Tutoring?
At a number of places, scarcity of good teachers has been a huge deterrent in the subsequent academic success of students. The concept of online tutoring does not just remove this deterrent but has been observed to be serving good results to professionals working in this sector. In recent times, the concept of 24 x 7 online tutoring has really picked up. Thousands of students and teachers (or teaching professionals) share this experience over the internet. With aid of technology ingredients, students receive tutor facilities while staying home. The convenience of an interface across which one can talk, discuss and articulately express one's doubts and understanding, serves a better deal to students. The facility to fix the time of class suiting one's own convenience is another prime reason for the success of online tutoring business. Whenever a student requests for an online tutoring session, the session can be conducted as a one-on-one interactive class or otherwise more than one student can also attend the same session.
Rapid improvement in communication channels has allowed Online Tutoring companies to reach an appreciable section of the population. The potential of this industry is still not completely tapped and is one of the key areas being eyed upon by a number of entrepreneurs.
What do I need to start my own online tutoring company or business?
In the picture shown above, we have mentioned the most important ingredients required to run an online tutoring business.
- Qualified and Experienced Tutors - Qualified and experienced tutors are essential requisites for this business. One can start with just a couple of tutors and as the business picks up, can recruit more tutors. Companies can turn to countries like India, Pakistan and Philippines for qualified tutors with lesser remuneration. Moreover, tutors from these countries are known for their expertise in Mathematics and Science subjects.
- Fully Automated Website - A fully automated website becomes a necessity when the transit increases on the existing website. The success and growth of this business is determined by a lot of parameters and a fully automated website is one of them. One can get it at an expenditure of $10,000-$20,000. All essential features can be acquired at an expense of ~ $50,000.
- Whiteboard- Whiteboard is the tool which is used during the course of teaching. All the essential requisites for teaching are available with this tool. One can get whiteboard at an expenditure of $5,000 annually.
- Customer Support Staff- Customer support staff is necessary for efficient and organized growth. Customer support can be outsourced to countries like India or can be looked after by the company providing the tutors. Once the website is functional, a company would need Customer Support to answer to people's queries.
- Aggressive Marketing- Marketing is one aspect which has to be looked by a company itself. Once the website is functional and Customer Support is ready, company can promote itself through advertisements on the web such as Google ads etc. Marketing is a very essential component of any business and should be one of the key areas of focus.
A fully automated website and whiteboard are the issues of prime concern for a new business. This huge initial expenditure is the biggest deterrent to a number of professionals willing to launch themselves as successful entrepreneurs in this sector. Ready availability of online tutors can also be a hassle. We understand this problem and suggest a Business Proposal to make ends meet. Kindly go through the next section to understand our proposal.
Our Business Proposal
We take immense pleasure in announcing our support for individuals as well as organizations in starting an Online Tutoring business of their own. We are willing to help individuals and organizations, which do not have a functional platform/ interface and whiteboard or the funds to afford both, to realize their dream of starting their own Online Tutoring business. We are allowing your business to start and grow, utilizing our expertise in this sector. While there are companies which provide the interface and whiteboard at $10,000 per annum, we are providing fully automated website, whiteboard and business startup consultation at a very competitive price of $ 10,000 initial charge for the first year and $ 2000 per annum thereafter. Apart from these, we also provide certified and experienced online tutors and customer support staff as well. Thus you get a single point of contact for starting all your operations. We have been in this business for 5 years now and aptly understand the requisites of this sector. For more details or queries, you can fill the following form and we promise to get back to you very shortly.
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