Traditionally, private tutoring was a person-to-person business. Teachers and graduate students with time to spare helped out neighborhood children with their studies, and received a modest $10-12 per hour. Tutors mostly taught subjects such as mathematics, science, and English. The tutoring methodology remained the same month after month, student after student.
Fast forward to the digital age and things could not be more different. Online tutoring is revolutionizing the way tutors teach and reach out to their students. A tutor can be based anywhere from Bali, Indonesia to California, the United States of America, and remotely teach students from their home country.
It’s not just your average school-going student that is seeking online tutoring services. Graduate and postgraduate students, as well as professionals, are looking to improve their technical skills and languages expertise and are turning to online tutors for help. It’s not surprising then that the average online tutor can earn anywhere from $30 to $100 an hour, depending on the marketing promotion, onboarding process, systems, experience, references, and technical expertise.
In 2007, education research firm EduVentures estimated the size of the tutoring industry at $5 billion to $7 billion a year. Just five years later, a 2012 “Private Tutoring: A Global Strategic Business Report” by market research firm Global Industry Analysts (GIA), estimated that the global private tutoring market will reach $102.8 billion by the year 2018. In 2020, the private tuition industry is booming and one forecast from the BBC says that it will be worth $227 billion by 2022, fueled by growth in Asia and developments in online tutoring, like firms connecting students with tutors all over the world.
“Private tuition industry will be worth $227 billion by 2022 (…)” — BBC
As per the GIA study, 90% of the demand for private tutoring services is from the United States, Europe, and Asia-Pacific countries, mainly Hong Kong, Japan, Singapore, South Korea, and China. The online tutoring industry is increasing rapidly. Representing the developed world (Globe Newswire, 2020), the United States will maintain a 6.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$3.9 billion to the region’s size and clout in the next 5 to 6 years. Over US$3.4 billion worth of projected demand in the region will come from the rest of the European markets. In Japan, private tutoring will reach a market size of US$15 billion by the close of the analysis period. As the world’s second-largest economy and the new game-changer in global markets, China exhibits the potential to grow at 11.7% over the next couple of years and add approximately US$31.6 billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Numbers have consistently shown a steady rise in student demand over the last 15 years, online private tutoring is here to stay. The perfect time to become the next Rockstar Online Tutor is now. Becoming a private one-on-one online tutor for languages has never been easier in an industry where there are currently more clients than tutors. You will never be running out of clients!
The top 3 benefits reported by Rockstar Online Tutors are:
● High earnings per hour
● Teach on your schedule anytime, anywhere
● Create meaningful relationships