Online tutoring has become a convenient way for the tutor as well as the learners to connect with each other to solve subject-related queries and continue with the classes online. Looking at the current scenario where students have to attend their classes from home, they have lost the option of in-person tutoring. Whereas to help students in this challenging time the new trend of “Online Tutoring” combines artificial intelligence, one-on-one lesson plans and immediate feedback to the students is what is helping students to perform better. 

As per the research report by Global Market Insights, the global eLearning market is projected to exceed the US $375 billion in the next five years growing at over 8 per cent CACR between the years 2020-2026. 

If we talk about online tutoring specifically then as per the Grandview research reports the global online tutoring services market size was valued at USD 4.81 billion in the year 2019 and is expected to grow at a compound annual growth rate i.e. CAGR of 16.1 per cent from 2020 t0 2027. 

The rapid increase in the adoption of online learning and tutoring mentors has been witnessed owing to the benefits such as improved focus, cost-effectiveness, and convenience. The structure of online tutoring involves real-time interaction between the learners and the tutor. The live teaching sessions via video conferencing is another attribute towards the growth and popularity of the online tutoring business.

Let’s move forwards and discuss the reasons “Why Online Tutoring Business is becoming popular among students?”

  1. Convenient for Learners

Keeping the current scenario in mind, online tutoring offers convenience for tutors as well as learners alike. The online sessions allow the tutors and learners to work from anywhere all they need is a good internet connection to connect via online tutoring platforms. 

2. Personalized Learning 

Online tutoring platforms make it easy for learners/students to personally interact with the tutor. There are many options available for the students to choose from, like group or individual online sessions. Online tutoring has given more importance to personalised learning that has resulted in the growth of the students in terms of better understanding and improvement in grades. 

3. Cost-effective

As mentioned before that there are different options available for the students/learners to choose from. Private tuition can be a little expensive, whereas online tutoring makes quality teaching available at a lower fee. 

Students/learners can opt for group sessions, or choose the lesson as per their convenience and also have some amazing options like gift cards and other offers that makes the online tutoring platforms cost-efficient not just for students but for teachers as well.

Benefits for Tutors to Start their Online Tutoring Business or Register on third-party tutoring platform”

  1. Schedule Flexibility 

For tutors, it’s a great idea to either register on such an online tutoring platform or start their own online tutoring business as it has so many perks for them. The number one perk here is the schedule flexibility that allows the tutors to schedule their sessions as per their availability and convenience. 

Options like rescheduling and cancelling the sessions are some additional options available for the tutor to manage his/her classes online. Options like group sessions are again a convenient way to schedule and manage the online sessions. 

2. Work from Home

The online tutoring platforms gives you the freedom to conduct online sessions while you are at your home. There is no need to travel to a particular place or institute to conduct the online session until and unless you have all the teaching material available at your home. It is an extremely convenient way for tutoring that saves your time, energy and extra cost of travelling and finding new students.

3. New Opportunity 

There are so many tutors that have registered on the online tutoring platforms just to explore new opportunities as a tutor. The online tutoring platforms give you a chance to interact with new students, explore a new way of interacting and teaching via webcam/video conferencing, and last but not least it’s a great opportunity to become self-employed. 

4. Private Tutor’s Salary a Perk

 The tutor as per the guidelines of the online tutoring platform can fix his/her sessions cost. There is no limit of sessions as such, but the additional options like group sessions allow the tutor to conduct a single session for multiple students at a particular cost. 

Basically, there is no bar on the earnings that you can make from the online tutoring platform executing the commission and the registration fee that the tutor needs to pay the admin to register on the platform.

Benefits for admin/Entrepreneur of the third-party online tutoring platform:

  1. Minimal Setup Costs

As an admin/entrepreneur the benefit is that for starting your online tutoring business there is less setting-up cost incurred as compared to other on-demand business. It’s an easy and cost-efficient business idea to start with when the business is in demand, with minimal expenses to operate the business. 

2. Technology

Technological advancement has made it easy for entrepreneurs to set-up their business. There are various online educational tools, apps, and other online tutoring software available to ease out the process to start your online tutoring business. 

3. Choice of Students & Parents

These days the students, as well as their parents, look for some extra help/ study material or a medium of learning that can help students with their studies. Online tutoring platforms have become a reasonable choice for students and parents as it saves time by attending the session at home, and is cost-efficient for the parents.  So the increasing demand and preference for online tutoring platforms are again a benefit for those who are planning to start their own online tutoring platform. 

Conclusion 

There is no debate on the topic that the online tutoring business is a great idea to start with, especially now when the demand is high. With the surge in demand to acquire new skills online, online tutoring platforms have become a trusted medium of learning among learners. 

Entrepreneurs planning to start their own online tutoring platform can consider Yo!Coach, a trusted solution that is pre-integrated with reputable video conferencing APIs like Zoom, Lesson Space, and CometChat. 

Also, if you need more insights about “How to Start” an online tutoring business continue reading the following blog:
“ How to Start Your Own Online Tutoring Business”