Does teaching online make you richer beyond your dreams? The answer is both ‘No’ and ‘Yes’. I’ll take the ‘No’ first in Scenario 1, and then ‘Yes’ at Scenario 2. Do let me know your comments.
Some 4 months back I wrote about TutorVista, the online tutoring site promoted by Krishnan Ganesh. Ganesh has been singularly entrepreneurial to have noticed the latent demand, and then moved on fast to capitalize on the first-mover advantage.
It is said TutorVista as of now employs about 600 teachers across 23 cities in India, which by itself is no mean feat. Quick to follow TutorVista’s footsteps are Mathguru, Extramarks, Learning Hour, and others.
When you visit the sites you’ll find each appeals to a certain tutoring segment. TutorVista though appears more like one that is slated to become a tutoring portal.
What about individual earnings of tutors? Some estimates say that it hovers between Rs.150 and Rs.250 for an hour’s labor, which is not bad (see HT story).
However, if as a tutor you’re teaching students from other countries like USA, you may have to remain awake in the nights to do your job.
There are chances that as time passes, there will be more and more websites on online tutoring, and more and more teachers enrolled in them to make some extra earnings.
How much will they earn? Not much as long as they hold on to the tutelage of some tutoring websites. They will increasingly compete among themselves, and when that happens the fees will also see a downtrend.
If that is true then how is it that this post is headlined as ‘Teach your way to fortune’.
It’s not a new concept. At a time when the outsourcing portals like Elance and Guru came into being and grew bigger and bigger in size, there were and are independent professionals like graphic designers, content writers, programmers, and others who make fabulous earnings.
Similarly, if you start your own ‘teaching’ business, chance is you too will make good earnings in course of time.
I will ask you to read the excellent free ebook on ‘Teaching Sells’ (image on the left). It lucidly explains why teaching will turn out as one of the most lucrative money earners online. Read it and take the first step to make fortunes.