As I have been getting quite a kick out of answering these questions I find online, I would like to attempt to shed some light on this area. This answer, like so many others pondering a monetary value assigned to a skill, is largely dependent on a number of factors:
- Your Credentials
- Your Tutoring Medium
- Your Subject Area
- Your Demand
Let’s look at each in just a little detail so as not to make a monster wall of text but still provide some meat to dig into. (I personally tutor math, so the example numbers I use will be based on that information.)
As with any job, the more capable you are, the more people are willing to pay you. As a general rule of thumb, high school students charge $15–20 per hour, college students charge up to $30, individuals with a bachelor’s degree move up to $40, and master’s degrees go to $50+ per session.
Typically, this would vary slightly due to geographic location. Large, more affluent cities will be willing to pay higher rates on average than smaller towns. Conversely, areas with less tutors in your specialty may let you set your own rates. Buuuut, the online world doesn’t care about any of that.
In my mid-sized city with one of the lowest costs of living in the United States, families couldn’t care less that some New York tutors charge up to $150/hr because they are paying $40/hr for excellent teachers. My advice, figure out what your specialty averages overall, and charge that.
Your Tutoring Medium
This could honestly be the largest deciding factor in this list. What I mean by medium is how you choose to go about offering your services. Should you choose a tutoring service such as Wyzant to simply list yourself as an in-person tutor, the values would be very similar to what I stated above.
Other sites such as tutor .com pay out somewhere in the $10-$15 range as they take their cut and have to make money as a business. The most profitable, however, are those who have their own websites and promote themselves there. Taking into account the other factors on this list, you could earn quite a good living.
Taking things a step further, you could also offer lessons coaching other tutors or hopefuls dreaming of making a fortune charging upwards of $500 for a specific online course package where you meet with clients.
Your Subject Area
Again, I personally make my supplemental income through tutoring math. The numbers I have been quoting through personal experience. Few academic subjects other than physics or specialty courses will earn you more. That said, there is oh so much more you could do other than simple academic tutoring.
I mentioned above that some internet gurus offer training to emulate their success. Perhaps you’ve heard of copywriting and it’s potential to earn you tens of thousands of dollars for a few hours of work. It isn’t a scam. It is completely possible, assuming of course you are very very well known with outstanding results. But those who are well known are happy to train you for your shot…for a high price.
Add to this skills such as playing a musical instrument or sports coaching one-on-one and you can see just how diversified tutoring can be.
Just how good are you? What can you offer that no one else can? You should be readily able to answer these questions in order to land clients. Perhaps you are just as good as the next mathematician but offer quick wit an humor. That can be your catch for students. Maybe you are an excellent storyteller or have a knack for empathizing to help alleviate stress before tests.
Whatever makes you you is your highest selling point because there isn’t anyone else that can do it the same. Granted, you do need to be skilled at your specialty in order to teach others. Figuring out the demand for your skill as well as your specific ability to teach it will help you determine what you are worth usually through experimenting with different prices.
No answer will be a one-size-fits-all here which is hopefully apparent just with the four extremely broad and over-simplified factors that I mentioned here. In the end, it is up to you to set your prices and come to a justifiable amount for your own services.
What I aim to provide through blogging about this topic is a guide to getting started on your own. Even though every case is unique, researching the successes others have seen can help you to discover your own path to achieving similar goals.