How to Set Adequate Fees for Online Teaching Jobs?

3 Tips to Set Adequate Fees for Online Teaching Jobs? | The Entrepreneur Review

You are sitting on a wealth of vital information right now. And, to our great good fortune, capitalizing on this trend by turning oneself into a tutor and offering one’s services over the internet has never been simpler.

Helping kids with their homework, preparing for major exams, learning a new language, and so many other things is a great way to make money while sitting in the comfort of your own home.

The most important question is, “How much Fees for Online Teaching Jobs you earn working as an online tutor?” Is it possible to make the same amount of money as you would at a full-time job? Should you consider it more of a hobby or a side business instead?

The answers to those questions will rely on a variety of factors that decide Fees for Online Teaching Jobs, including but not limited to your lifestyle, the cost of living in the area in which you now reside, and so on. In light of the fact that we are unable to provide you with precise responses to those queries, this is what we can say to you:

Here is a Guide on Establishing Reasonable Fees for Online Teaching Jobs;

1. What’s an online tutor’s average salary?

According to statistics obtained for Fees for Online Teaching Jobs from Preply’s internal business operations, the going fee for an online instructor is around $18.30 per hour (USD). Nevertheless, if you take a closer look, you’ll see that the standard hourly charge for an online instructor may range from as little as $10.00 to as much as $38.90, depending on the field of study being addressed.

3 Tips to Set Adequate Fees for Online Teaching Jobs? | The Entrepreneur Review

When it comes to teaching sophisticated subjects such as business English, mathematics, or test preparation, the prices that tutors charge might be much more than the aforementioned average per subject area. For example, some tutors charge $50 and above per hour for their services. According to research conducted by Preply, the following factors have the most impact on an online tutor’s salary:

  • How many hours does teaching take up in a typical week?
  • The topic (or subjects) that you instruct.
  • Article describing how to recruit new students for online tutoring jobs and set Fees for Online Teaching Jobs

2. How many hours a week should you be in the classroom?

When you tutor students online, you often get to choose your own hours and decide how much or how little you want to work. It should thus come as no surprise to you that the number of hours you put in each week is directly proportional to the average wage you earn.

If a tutor works 0-10 hours a week on Preply, they can expect to make an average monthly income of $117.7. On the other hand, private instructors who work between 40 and 50 hours per week bring home an average of $1,416.4 per month. These statistics do not, however, take into account the real potential earnings of an online instructor, particularly those who work full time.

When we looked at the earnings of Preply tutors who worked between 40 and 50 hours per week, we found that some of their monthly salaries were significantly higher than the average earnings of Preply tutors. For example, Japanese and Korean teachers earned a very respectable $3,650.70 and $3,601.20 respectively.

3 Tips to Set Adequate Fees for Online Teaching Jobs? | The Entrepreneur Review

A German instructor makes an average of $2,129.10 per month, while a Python tutor makes an average of $2,106.60 per month, and an Italian tutor makes an average of $2,069.60 per month. These teachers and tutors are also included in the list of the top earners.

This illustrates that it is not only feasible to work full time but also extremely lucrative, despite the fact that a bigger proportion of tutors teach a lesser number of hours. While this is the case, it is not impossible to work full time. In addition, there is the possibility of earning far more than the typical amount while maintaining the same amount of effort, or even less.

3. Other elements that may have an impact on the remuneration of an online tutor

The amount of money you bring in as an online instructor may also be affected by a number of other things. For instance, your rate could also be influenced by the following factors:

a) Formal qualifications

Tutors who have advanced degrees, industry certifications, or extensive experience in the area they instruct may often charge higher Fees for Online Teaching Jobs for their services. If you want to teach English online, for instance, you need to be a native speaker or an experienced speaker in order to be qualified to instruct English to people who are not native speakers. If you were to get a TEFL certification, however, you would be able to boost your hourly fee proportionately.

b) Online or in-person teaching or tutoring experience

Even if you are new to online tutoring, it does not necessarily follow that you are new to teaching or tutoring in general to set Fees for Online Teaching Jobs.

3 Tips to Set Adequate Fees for Online Teaching Jobs? | The Entrepreneur Review

If you have previous experience teaching in a classroom setting, you should be able to command a higher rate than the standard rate. How? By acquiring the skills necessary to develop a tutor profile that showcases your expertise while also drawing the attention of potential pupils.

c) Advanced areas of instruction for several subjects

There are certain topics that want students to come in with more background information and more preparation than others. When it comes to topics like business English, calculus, or preparation for standardized exams (like the TOEFL), you may normally charge more Fees for Online Teaching Jobs per hour for your lessons. As was said before, private teachers who are equipped with these abilities and certifications often charge average hourly fees that are more than $50.

d) The risk of competition from other instructors

Pupils could have access to a wide variety of online tutoring choices for certain disciplines. On Preply, for instance, there is a significant disparity between the number of instructors who specialize in sales and the number of tutors who specialize in French.

There are certain French tutors who may set Fees for Online Teaching Jobs that are far more than the norm, but they face competition from other teachers who price less. Those who provide private lessons in French will need to ensure that their profile conveys to potential pupils why the higher prices they charge are justified. Since there are fewer alternatives for students looking for tutors who can teach Sales skills, such instructors can often charge higher rates.

Also read: 10 Golden Rules for Being a Good Tutor
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