How To Start An Online Tutoring Business

How To Start An Online Tutoring Business

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Modern education has been pushed into a whole new sector as the pandemic accelerated the adoption of technology for all stakeholders in academics and the online tutoring industry. According to a research report by Global Market Insights, the global eLearning market is projected to exceed USD 375 billion in the next 5 years growing at over 8% CAGR between 2020 and 2026.

market insights e-learning industry

Although countries across the world are not far behind in adopting online education & remote learning, certain nations have embraced it more than others. ICEF Monitor (a market intelligence resource for international education) has listed the countries that have stepped up the game which includes – United States of America, India, China, South Korea, Malaysia, the United Kingdom, Australia, and South Africa.

Not only in academics, but these countries have implemented online learning platforms in several niches like online tutoring, language learning, music teaching, fitness training, and many others. Recent trends indicate that online tutoring continues to grow at a very high speed due to its benefits for both tutors as well as parents & learners. It allows the tutors to be their own boss, set their availability, determine the hourly rates, and take as many or as few clients that fit their schedule.

Equipped with automation, most online tutoring platforms allow tutors to focus on content creation and monitoring students’ performance. Advanced online tutoring platforms also assist tutors to analyze and see where most of the students are facing difficulties and identify the scope of improvement.

Table of Contents

Decoding the Growth of Online Tutoring Market

  • New Generation Prefers Interactive Education: Facts state that students retain 25-60% of the information presented online while the retention rate of offline classes is as low as 8-10%. This shows that the interactivity and gamification included in the online learning process help learners retain the knowledge they receive during online learning. Moreover, the flexibility and cost-effectiveness of these platforms also boost the growth of online learning. Hence, starting an online tutoring business is one of the most promising areas for startups
  • Unavailability of Tutors: Although big cities have usually all kinds of tutors for every subject, the remote areas lack this facility and online learning platforms are the only way to get access to skilled and qualified teachers.
  • Covid 19 – Game Changer: The changes in the lifestyle and global economy in 2020 after the pandemic has forced online education to play at the forefront in the education & learning industry. It has boosted startups and tutors to shift online to sustain in the current situation as well as after the COVID fades as many students and teachers will continue to use it afterwards too.

Leverage Technology to Start an Online Tutoring Business

Advantages Of Starting an Online Tutoring Business

Convenient 

Online tutoring is a highly convenient method, that saves time for both educators and learners. Any individual who is looking to take an online tutoring class can access the course and attend classes at their convenience. If there is a virtual lesson that is delivered in real-time, then students can join the live class at a pre-scheduled time.

Saves Commute Time and Cost

Online tutoring platforms eliminate the travel time for both tutors and learners. In the online tutoring setup, the worries related to rush hour traffic, travel costs, and time do not exist.

Harnesses the Power of Technology

Going online also enables tutors to tap into the world of constant learning by embracing technology such as online classrooms, chat, video lectures, and virtual learning to deliver real-world learning. Tutors can also make complex lessons simpler and fun by harnessing the power of technology like virtual and augmented reality.

Highly Interactive

The biggest advantage of online tutoring is that it has the capability of engaging with the learner. A powerful online learning platform has the power to capture the attention of the learner and foster engagement. While traditional tutoring includes worksheets, textbooks, and interactive activities, private tutoring also utilizes digital tools to present all the information in an interactive way. The interface of the online tutoring platform is enriching and user-friendly where the learners can flourish. 

Flexibility 

Online tutoring allows teachers and learners to take classes at any time of the day as per convenience. Private tutoring offers stakeholders a chance to fix their schedules and encourage self-paced learning to meet lesson targets. It is also flexible when it comes to the interaction between tutors and students, modifying the delivery of lessons. This is nearly impossible when it comes to traditional classroom-based learning as the strength of the classroom limits the interaction. 

Personalized Tutoring 

A tutor/teacher cannot give enough attention to everyone in a typical classroom of 40-50 students. While some students can pick things faster, some can lag behind as they are not able to keep up with the pace. Hence, this problem gets resolved through online tutoring. In one-to-one tutoring, the tutor can interact with the student/learner and take time to understand the areas where consistent tutoring is needed. Furthermore, the tutor can tailor the lesson plan as per the learner.

Looking to Kickstart your Online Tutoring Website?

Furthermore, believing the market potential of this industry is a great business opportunity that can generate a significant amount of revenue for the tutors and entrepreneurs. Also, the changes online learning brought to the table for the education industry are too immense to be rolled back after the Covid 19, giving a whole new set of opportunities in Online Learning to the tutors and entrepreneurs who are looking to step into this industry. If tutors are planning to join this growing market, now is a great time. However, there are two routes tutors can take towards online tutoring:

  • Register on online tutoring platforms 
  • Build or Launch your OnlineTutoring Platform

Before picking any option, it is recommended to perform a cost-benefit analysis, and evaluate long-term goals and infrastructure requirements which can assist in making a thoughtful decision. Both routes have different requirements and choosing one depends upon the availability of resources and individual preferences.

Register on Online Tutoring Platforms

This is the faster option to enter the market. Tutors need to create a professional portfolio on the platform and they can start tutoring online. This option is preferable if you don’t have learners or an audience to start with. The platform itself helps tutors to connect with learners which reduces the necessity of building an entire client base from scratch.

Most online tutoring websites charge a percentage of tutors’ earnings, so there should also be room for this expense. 

The popular websites where tutors can register for online tutoring are:

  1. Chegg
  2. Preply
  3. Skooli
  4. TutorMe

Build or Launch your own Tutoring Platform

In this case, you will be the owner. The option is usually recommended if one is looking to build their own tutoring brand. Contrary to the popular belief, setting up your own tutoring platform is affordable & quick to launch. Having a small or growing client base is a huge plus.

Further, an online tutoring business can be started by following these steps:

  • Researching and Competitor Analysis- As you are just setting up your online tutoring business, it is important to perform market research and competitor analysis. It will give you a better understanding of where your competitors stand and will help you with what the audience is looking for.
  • Defining Target Audience- Market research helps you to understand your ideal audience, i.e. their age, qualification, income level, and more. Once the target audience is defined it would give you a clearer idea of the way you would want to provide the tutoring services. 
  • Having a Business Plan- Once you have done the competitor research and have defined your target audience, then you must have a well-defined business strategy. This again includes comprehensive research as here you can establish prices for providing tutoring services through the platform. It could also mean choosing the platform or solution for your online tutoring business.
  • Choosing the Right Solution- The last step includes choosing the right online tutoring solution to launch your tutoring business. It can be a ready-made solution like Yo!Coach which is fully customizable to meet your online tutoring business requirements.

Finalize your route 

Launching an online tutoring platform brings several other benefits with it such as:

  • Customized Features: You can create the platform as per your preferences and offer a great user experience by adding custom features.
  • Brand: Having your own tutoring platform allows you to build your own brand, which is not possible if you register on an already existing tutoring platform.
  • Multiple Revenue Channels: Launching an online tutoring platform offers multiple revenue channels to the owner. For example, one can earn from subscription fees or lesson fees from students depending upon the business model. The owner can also earn from the registration fees paid by new tutors on their first sign up. Furthermore, sponsored listings increase the visibility of tutors when they pay an additional fee.
  • Save Commission Payment: Online tutoring platforms usually charge tutors a commission fee which can be saved by building their own platform.

TIP: Not to forget, that the amount of registration/commission fees a tutor pays on a tutoring platform annually is equal or maybe even more than the cost of the solution to launch an online tutoring marketplace.

Start Your Online Tutoring Platform With Yo!Coach

How Yo!Coach Can Help in Starting An Online Tutoring Business?

https://www.youtube.com/watch?v=iXvGKMPEjgo&t=1s 

Yo!Coach is a flagship product of FATbit Technologies which is integrated with an array of exemplary features to help entrepreneurs launch their online tutoring and consultation platform with ease. It is a versatile software where multiple tutors or consultants can register to deliver one-to-one or group online sessions to learners. Additionally, it can be tailored to serve other niches like fitness coaching, culinary coaching, language learning, and more. Yo!Coach has also been serving numerous tutoring businesses around the world and has built a spectrum of global clientele.  

Main highlights of Yo!Coach are listed below:

  • 100% White Lable
  • Fully Customizable
  • GDPR Compliant
  • Pre-Integrated with Video Conferencing APIs
  • Supports Multiple Payment Gateways

Successful Tutoring Websites Powered by Yo!Coach

WTutors

https://www.wtutors.com/

Country: Hong Kong(China)

Hong Kong-based David Chin had the vision to deliver the uninterrupted and engaging learning experience for learners. He reached out to FATbit Technologies to curate an innovative and technologically driven e-learning platform – WTutors for the learners to continue learning without any hassle.

The platform offers one-to-one private tutoring & learners can pick the tutors based on their choice.

The platform has currently 600+ tutors registered on it specialized in different subjects and languages, helping WTutors reach a very large user base of learners.

W tutors

Words from David Chin, CEO, WTutors

 

Idioma Tutors

https://idiomatutors.com/

Country: USA

With a belief that the ability to communicate in more than one language opens doors for personal and professional growth, Jaimi Saunders, the founder of Idioma Tutors, launched Idioma Tutors. 

He understands the fact that finding the right tutor is not an easy task, and therefore, strives to bring the best tutors on a single platform. With the principle, “when learning is interactive, engaging, and fun, students learn”, Idioma Tutors is looking to revolutionize the way of language learning. The platform has more than 40 tutors already registered on it.

idioma tutors

 

Portal Teach

https://www.portalteach.com/

Country – USA

Rey D Angelo, the founder of Portal Teach believed that a minuscule virus should not be allowed to disrupt education and came up with this thought of moving his offline coaching classes to an online platform. 

His mission is to develop the largest online learning platform that connects students with qualified teachers/tutors for private sessions through live video chat and a suite of the latest technology available.

The platform has tutors specialized in different subjects and topics to help you with anything from music to science. Portal Teach allows tutors to teach one-on-one and see the impact right away and evaluate their performance.

portal teach

 

 

Be the next entrepreneur in the online Tutoring industry

Conclusion

With the surge in demand for acquiring new skills online, starting an online tutoring business promises a successful and bright future. As we steer towards a learning system dominated by technology, online tutoring is all set to become one of the most renowned businesses, likely to dominate this sector in the coming years.

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