Teaching and tutoring online is a great way to convert your knowledge into money
Ever dream of turning your knowledge into cash? Online tutoring is a fantastic way to do just that, and from the comfort of your own home! Whether you're a college whiz with aced calculus exams or a history buff overflowing with fascinating facts, there's a student out there craving your expertise.
The beauty of online tutoring is the flexibility. You can set your own hours, choose the subjects you love, and tailor your lessons to fit your students' needs. Imagine - helping a young mind crack a tricky math problem or sparking a passion for literature in a fellow bookworm, all while earning on your terms. Sounds pretty cool, right?
Now, there are two main ways to get started. You can sign up with a platform like Udemy or Tutorme, where you'll find students and get matched based on your skills and experience. These platforms handle most of the admin stuff, so you can focus on teaching.
Or, if you're feeling adventurous, you can strike out on your own and build your own student base. This takes a bit more effort – you'll need to create a website or social media presence to market yourself – but it also gives you complete control over your rates and schedule.
No matter which route you choose, there are a few things to keep in mind. Brushing up on your tech skills is a must – you'll need to be comfortable with video conferencing platforms and online tools. Patience is key too – building a reputation as a great tutor takes time and dedication.
But hey, if you're passionate about a subject and love helping others learn, online tutoring can be an incredibly rewarding way to make money. And who knows, you might even inspire a future generation of experts along the way!
The e-learning market is projected to grow by 20.5% from 2022–30. The past decade has transformed online learning - the number of online learners is expected to grow to nearly 60 million people in the near future.
Unlike structured companies, with an open freelance marketplace, you get to set your rate of pay per class. It is common to begin with a lower rate to attract new students and build up your reputation with positive feedback and reviews before raising your rate.
If your students find value in your lessons and like working with you, they should not have a problem with a small increase in your rates. It is important to remember to not set your rate of pay too high from the get-go. A high rate without any reviews to justify that rate will make it tough to attract students - you will be far more successful easing into it over time. Additionally, you may even consider offering each new student their first lesson free to get them in the door and in turn, have them leave you a review!
On an open freelance marketplace, your teacher profile should highlight your qualifications, experience, and any additional training or certifications you have earned.
Whether you have a teaching certificate, a skill, or a love for teaching, you can find many online platforms to teach your favourite subjects and make a decent living. Many teachers have turned online teaching into a full-time career, while others see it as a way of earning extra income. Whatever your goal is, it can be a stable source of income or a side hustle to boost your earnings.What is the expected monthly salary for teaching languages online?
When just starting out, you will be competing with other classifieds with more reviews, meaning you will likely need to offer your services at a discount relative to their pricing.
On the lower end of the spectrum, if you don’t have a certificate, you don’t have much experience, you may end up making $1,920 per month ($12 per hour) working full time. On the other hand, if you are certified, experienced, teach during peak hours, you might make close to $4,800 per month ($30 per hour).
However, it’s likely that you’ll end up on the lower end of the spectrum in your first year or two of teaching online. You may not be saving tons of money each month on this salary, but the work will be steady, and the convenience is hard to beat. You control your ad, you set your own rate. This autonomy can mean that you make money faster than you would with a company, but be careful of setting your rate too high. If a potential student could find a tutor for half the price (often through a company), how will you convince them that your services are worth it? A reasonable range to consider is $15-40 per hour, depending on your qualifications.
Conclusion
Online teaching may not work for everyone, but if you’re considering it, then get out there and give it a try - but manage your expectations. Knowing what subjects you can teach, and to which demographics, can help you to plan your career.