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Cost of Starting a Tutoring Business

October 12, 2015


Article explores four costs tutors should consider when starting a tutoring business.

All businesses have startup costs associated with them and tutoring is no exception.  Fortunately, the start-up costs for a tutoring business are relatively low.  If you’re thinking about becoming a tutor, it’s important to consider the cost of starting a business as you work to make your dream a reality.  If you’re just getting started, here is a list of expenses you should plan for.


Computer and Software

A computer is essential for any business.  You will need it to keep in touch with clients, prepare lesson plans, track revenue and expenses and more.  If you already have a computer at home, you may be able to use it to get started, or you might decide you need to upgrade before launching your business.  In addition, you need to purchase the appropriate software to do your job.  At a minimum, you’ll need a word processing program to create lesson plans and a spreadsheet program to track income and expenses.  As you grow your business, you may discover additional programs that are beneficial.


Internet and Phone

Another cost of starting a tutoring business is Internet and phone service.  Both are necessary for communicating with clients.  You will need an Internet connection to access the World Wide Web and send and receive emails.  If you already have Internet access, you probably won’t need to do anything.  However, depending on the type of connection you have, you may want to consider upgrading your service to a faster speed.  In addition, you will need a phone line for your business.  You may find that using a landline or cell phone you already have works for you, or you may choose to get a new line, dedicated to your business.  Regardless of which you choose, be sure to record a professional voicemail message for current clients and prospects to hear when they call you.


Workspace

One of the great things about becoming a tutor is that you don’t need to rent professional office space.  You can work from home, which keeps the cost of starting a business low.  However, it is a good idea to set up a workspace within your home that is dedicated to your tutoring business.  Whether you have a separate office or a corner in your dining room, you should choose an area that is quiet and free of distractions, since you will be taking client calls, responding to prospects and preparing lesson plans, etc.  You will need enough space to set up a desk or table, chair, computer, phone and any other necessary business supplies.


Marketing

You don’t need to spend thousands of dollars a month on marketing campaigns to be successful.  However, the cost of starting a business does include allocating at least a small amount of money to attract new clients.  After all, without clients, you won’t have a business.  The type of marketing you choose to do (i.e. email marketing, cold calling, direct mail, etc.) will determine how much you should budget.  As you gain experience, you will see what works and what doesn’t, so you can fine tune your marketing budget accordingly.

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