How Much To Charge For Tutoring?

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How much to charge for tutoring | BeTheBudget

If you’re looking to become a tutor, now is an excellent time. From teaching elementary students the basics of math, to helping college students prepare for finals, the opportunities in tutoring are nearly endless. Though, since you can’t put a price on knowledge, you will, instead, need to charge for your time. But what is the going rate for a tutor these days? I decided to find out.

How much to charge for tutoring?

As a tutor, you should plan to charge between $25 and $75 per hour. Furthermore, you should base your rate on: the complexity of the subject matter, the grade level of your student, your education level, and your overall experience as a tutor.

That being said, with so many different variables in the world of tutoring, zeroing-in on the perfect hourly rate might require some additional information. After all, knowledge is power. So, before you set anything in stone, here are a few more things you might want to consider.

How much to charge for tutoring | Be The Budget

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Tutoring Costs

Tutoring costs | Be The Budget

As with any business, there will be costs associated with tutoring, and you don’t want to overlook them when figuring out your hourly rate. Whether you have to pay for the gas it takes to drive and meet your clients, or any materials you need to purchase in order to teach your students effectively, be sure to account for every expense you incur.

In fact, if you’re serious about running your own tutoring business, one of the most important things you can do is set yourself up with some kind of small business bookkeeping software. And I always recommend FreshBooks. It is inexpensive, feature-packed, and will make your entrepreneurial life significantly easier! Seriously, here at Be The Budget, we use FreshBooks to manage our finances, and we love it.

If you’re interested, you can click here for a FREE 30-day trial of FreshBooks.

Put simply, if you want to stay in business, and continue to help your students grow, you need to make a profit. So, you should charge enough to cover your expenses while also paying yourself enough to make tutoring a financially worthy pursuit. That’s why keeping track of your expenses, and managing your books properly, is one of the most critical steps in charging the proper rate.

How To Find Tutoring Clients

Finding tutoring clients | Be The Budget

One of the best parts about tutoring, is the abundance of ways you can find new clients.

If you prefer the traditional, time-tested approach, the best way to connect with students in need of tutoring, is to get involved with your local school system. This is as simple as scheduling a meeting with the school administrators to let them know which subjects you specialize in, and how much you charge. If you can prove to them that your knowledge, patience and skill as a tutor will benefit their students, you will have no problem finding tutoring clients.

On the contrary, if the idea of meeting with school administrators is daunting and intimidating, you can take a more modern approach. You can, instead, set up a profile on a number of different online tutoring apps, where students will reach out to you. If this is the route you would prefer, go check out Wyzant, Preply, and Varsity Tutors.

Negotiating Your Tutoring Price

Tips for negotiating your tutoring price | Be The Budget

I can almost guarantee that, at some point, a client (or parent) is going to try to negotiate your price down. And, if you want to run a successful business, you need to be willing to stand up for your hourly rate.

But we all know that is easier said than done. It’s one thing to decide how much you charge, but it’s a whole different ball-game when you have to stick to your rate while somebody’s putting the screws to you. So, in an effort to prepare you for this moment, here are my three favorite tips to help you negotiate the hourly rate you want.

Tip #1 – Price Yourself High

Before you ever start negotiating, you should build a little wiggle-room into your pricing by setting your hourly rate high. In other words, set your starting rate 10-15% higher than you want to charge. That way, if you have to reduce your price, you will still make a reasonable rate.

Tip #2 – Be Prepared To Walk Away

This is the key to any negotiation. The person that is willing to walk away from a negotiation because of an unsatisfactory deal, holds all the power. You’ve worked hard to become an excellent tutor, so if your student wants excellent results, they will be willing to pay your rate. If not, it’s ok to turn down their business. Set your minimum rate, and be ok with walking away. Otherwise, you will just end up with a bunch of clients that walk all over you.

Tip #3 – Don’t Argue

Arguing and negotiating are two very different things. So, if you want to negotiate like a pro, don’t be combative. Instead, ask a lot of questions, and show your client that you are genuinely interested in their success. Remember, after all the negotiating is over, you are going to be working with this person, so you don’t want them to think you are an arrogant jerk. The more your students feel like you are genuinely invested in their success, the more likely they are to pay you top dollar.

Online Tutoring vs. In-person Tutoring

How much to charge for tutoring online | Be The Budget

When you first start out, the idea of tutoring students online might seem like a dream come true. However, it is a more difficult road than you might think. You see, winning tutoring clients online depends heavily on your reviews, and experience. When you don’t have either of those, your online client base will feel like a ghost town for awhile.

That being said, once you have a few reviews, and have built some online tutoring experience, the clients can start pouring in.

Unlike tutoring online, in-person tutoring, can be easier in the short term, but your market size will be restricted to people in your area. Therefore, as an in-person tutor you will end up relying heavily on word of mouth for the majority of your marketing.

Which form of tutoring should you choose? Truthfully, you should do both. After all, you can’t call yourself a tutor, unless you have students tutor. Plus, the more you put yourself out there as a tutor, the more experience you will gain. And the more experience you gain, the more you can charge.

How much should you charge for online tutoring? As an online tutor you should charge between $25 and $70 for standard K-12 subjects like Math, English and Science. However, for more advanced subjects like computer science, or college-level calculus, you can charge up to $125 per hour.

How much should you charge for in-person tutoring? In general, you should plan to charge between $30 and $70 per hour for in-person tutoring. Just remember to factor in any expenses you incur while traveling to and from your tutoring sessions.

Group Tutoring vs. Private Tutoring

how much to charge for group tutoring | Be The Budget

Another thing to consider, is whether you want to privately tutor your students (1-on-1), or tutor students in groups. Let’s figure out which option is right for you, and how much can you charge?

Private Tutoring

If your tutoring style leans more toward the personal (individualized) approach, private tutoring is probably for you. Though, it does come with a few challenges. For instance, the fact that every student has different struggles, means you will have to individualize your lesson plans. The ‘one size fits all’ approach just won’t work. This requires more preparation for each tutoring session, and more attention to the learning style of each student.

Also, private tutoring comes with higher expectations; not only from students, but from parents. So, as a private tutor, you need to take special care in setting realistic expectations. Your job as a tutor is to facilitate learning. However, the results of your tutoring still depend on each student’s willingness to put in the work. Be sure to make this clear from the start.

How much should you charge for private tutoring? When it comes to private tutoring, you can expect to charge between $25 and $75 per hour. You should base your rate on the time it takes you to prepare individualized lesson plans, and the difficulty of the subject matter you will be teaching.

Group Tutoring

Unlike private tutoring, where you need to individualize each lesson plan, group tutoring requires a more curriculum-based approach. Now, that doesn’t mean you can just abandon the individual needs of your students. It just means you won’t be able to provide the same level of personal attention as a private tutoring session.

Also, in order to remain profitable, you should set a minimum group size, and only run your tutoring sessions when you have signed up enough students. Otherwise, you are better off with private tutoring. In other words, if you charge $50 per hour tutoring privately, then you should be making at least double that in a group session.

How much should you charge for group tutoring? A good rule of thumb is to set your group tutoring rate (per student) at 75% of your private tutoring rate. Therefore, if you charge $50 per hour for private tutoring, you should charge $37.50 per student per hour in a group tutoring session.

Related Questions

Does tutoring pay well? Yes, tutoring can pay very well. In fact, most tutors make between $20 and $125 per hour. Pay rates are typically determined by the tutor’s level of experience, and the complexity of the subject matter being taught.

Can tutoring be a full-time job? Yes, tutoring can be a full-time job. In our research, we found that most tutors make between $33K and $90K per year. So, whether you work for an agency, or operate your own business, achieving a full-time income as a tutor is definitely possible.

Related Content:

Are you starting a tutoring business? Do you want to know how much to charge for tutoring? This guide will help you set your hourly rate like a pro. www.bethebudget.com | Tutoring business | Tutoring online | Tutoring tips

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About The Author

About The Author

Zach Buchenau is a self-proclaimed personal finance nerd. When he isn't writing about budgeting, getting out of debt, making extra money, and living a frugal life, you can find him building furniture, fly fishing, or developing websites. He is the co-founder of BeTheBudget, and Chipotle's most loyal customer.

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