Tutoring rate ranges vary from city to city. Establishing your tutoring rate can seem somewhat daunting if you’ve never had to set a rate before. Check out how to set consulting fees as a more formal guide to establishing a rate. In the meantime, here are some ways to figure out what to charge for tutoring — something that many consultants do as a way to generate an extra revenue stream.
Five tips for setting a tutoring rate
- Ask around. What do other people charge? What does the local university say is standard?
- Check bulletin boards and Craiglist. What are other people charging?
- Compare your service. Do you have more education than others? More experience? Less? Special skills in key areas?
- Consider your target market. If you target a wealthy area of town, there may be more disposable income available for tutoring than in a poorer area.
- Review your educational background. What special skills and training do you have? Someone with a PhD can usually charge a lot more than someone with a BA.
Again, figuring out a tutoring rate is pretty similar to setting a rate for consulting fees.
By the way, the skills you need to be a tutor overlap with those in consulting. Instead of making $25 or $50 an hour, why not Discover Your Inner Consultant?