Online Tutoring belongs to the new breed of businesses that have evolved post internet revolution. The business as such belongs to the service industry category and has unparallel advantages i.e. –
-Low Cost Setup
-Low Running Cost
-Easy to start
-Easy to manage
-Low Gestation time
-Horizontal and Vertical Expansions
A typical Online Tutoring setup requires a budget of less than $ 500 to start and come to an earning position. In fact business models are available that require Zero Investments , yes it is true Online tutoring can be started at zero cost where only investments are time and teaching skills.
Infrastructural requirements of the business are a personal computer, Internet and maybe investment into a headphones and microphone. Online tutoring is a business that an individual can operate with ease and you need not employee additional help to assist you in business. Online Tutoring is truly a business with low overheads and low running cost. To start and manage the business all you need is couple of software applications, the good news here is most of these software are either free or available at nominal cost. You can start and become operative in a very short time.
Do Online Tutoring as a part time or full time occupation, further more you can set working time schedules as per your convenience. The business has extreme time flexibility. Time between your starting the business and money starts coming in is very less , Case studies are available where the business started giving returns to the owner in less than a week , however if we speak realistically ,online tutoring business can establish itself in 3-6 months.
Online Tutoring is low in cost but extremely high on income. Depending on your subject and the age bracket you tutor the monthly income can easily be in the range of $ 4000 – $ 20000 per month. For teachers who take Online tutoring as part time work can easily earn extra income above $ 1000 per month.
Online Tutoring is truly a web business that has tendency to grow at very fast pace, once established. Student community is highly networked community and be assured if you deliver quality you do not have to worry about customers walking in. Your existing customers will prove to be excellent salespeople who will bring you more business.