Start A College Prep Tutoring Business - Business Ideas

Updated: September 15th, 2022
Start A College Prep Tutoring Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

College prep tutoring involves assisting students through the stages of preparing for college. The college prep help falls into private college consulting and standardized test tutoring.

The consultants assist students in creating a resume, choosing extracurricular activities, planning essays, selecting schools, and identifying colleges with specialized programs tailored to students' interests and needs.

Starting a college prep tutoring business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell college prep tutoring , or selling college prep tutoring online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a college prep tutoring business ➜

Key Stats

starting costs
$22.1K
gross margin
59%
avg product price
$1000
time to build
300 days
work from home?
Yes

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Specific Industry Expenses

$0

$1,000

Business Formation Fees

$5,600

$20,400

Equipment & Supply Expenses

$66

$700

Training & Education Expenses

$0

$1,850

Software Expenses

$162

$3,094

Advertising & Marketing Costs

$0

$2,500

Total Startup Costs

$6,202

$44,111

Successful Businesses

Business URL Rank

Study.com

study.com

1,617

UWorld Test Prep

uworld.com

13,837

Alamo Colleges District

alamo.edu

45,997

Veritas Prep

veritasprep.com

123,492

Modern States

modernstates.org

166,447

TestPrep-Online

testprep-online.com

245,692

Phoenix College

phoenixcollege.edu

404,844

SupertutorTV

supertutortv.com

436,444

Applerouth

applerouth.com

491,042

Teachers Test Prep

teacherstestprep.com

542,891

Police Practice Tests and Written Exam Test Prep for Police Officer Recruitment Testing

policeprep.com

650,216

Pros & Cons

Pros Description

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Traffic to your website

A college prep tutoring business gives people a reason to visit your website and to keep coming back to you!

Meaningful business connections

You never know who you will meet as a college prep tutoring business. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Cons Description

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Stressful work

This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.

Niche Market

A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.

Time commitment

With starting a college prep tutoring business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.

Difficult to build trust with your customer

With starting a college prep tutoring business, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business.

Marketing Ideas

  • 1

    Affiliate Program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

    Learn more about affiliate program ➜

  • 2

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

    Learn more about word of mouth ➜

  • 3

    Social Media Advertising

    Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.

    According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.

    Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.

    Learn more about social media advertising ➜