College Prep Tutoring Business

How Much Does It Cost To Start A College Prep Tutoring Business? (In 2024)

Updated: January 18th, 2023

Looking to start a college prep tutoring business?

But curious about:

  • how much it costs to start a college prep tutoring business?
  • what are the typical college prep tutoring business startup costs?
  • or the actual cost of starting college prep tutoring businesses?

Well, we have the data to prove it, supported by real college prep tutoring businesses and how much they actually cost to start.

Let's go over it.

Learn more about starting a college prep tutoring business:

Where to start?

-> How to start a college prep tutoring business?
-> Pros and cons of a college prep tutoring business

Need inspiration?

-> Marketing ideas for a college prep tutoring business

Other resources

Equipment & Supply Expenses

Starting a college prep tutoring business may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

Cost Required? Min Cost Max Cost
Cleaning Supplies ➜

Optional

$63

$200

First-aid Equipment ➜

Optional

$3

$500

Business Formation Fees

There are a few key costs associated with forming your business entity, such as setting up an LLC and getting trademarks, copyrights, and patents sorted.

Cost Required? Min Cost Max Cost

Set up business: LLC & Corporations

Required

$50

$500

Small Business Insurance

Recommended

$500

$2,000

Permit and License Fees

Optional

$50

$700

Trademark

Optional

$0

$700

Lawyer Fees

Optional

$0

$1,500

A Patent ➜

Optional

$5,000

$15,000

Software Expenses

Your college prep tutoring business needs software to run efficiently!

Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.

Cost Required? Min Cost Max Cost

File Hosting Service

Recommended

$0

$299

Email marketing tool

Recommended

$0

$100

Accounting & Invoicing Software

Recommended

$0

$50

CRM Software ➜

Recommended

$12

$300

Project Management Software

Recommended

$0

$25

Internal Communication Tool

Recommended

$0

$20

IT Support ➜

Optional

$150

$2,000

Design Programs & Software

Optional

$0

$50

Social Media Management Tools

Optional

$0

$50

Payroll Software

Optional

$0

$200

Office Space Expenses

It will be your call to determine if you need office space. It is not a requirement but may be necessary as your college prep tutoring business grows.

Cost Required? Min Cost Max Cost
Rent ➜

Optional

$0

$5,750

Utility Costs For Office Space ➜

Optional

$0

$1,150

WiFi & Internet ➜

Optional

$0

$100

Employee & Freelancer Expenses

Cost Required? Min Cost Max Cost
Payroll Costs & Fees ➜

Optional

$150

$250

Employee Hiring Expenses

Optional

$1

$2

Employee Rewards ➜

Optional

$0

$100

Website Costs

Every business should have a website, and it's worth spending a bit of money to set it up right.

Cost Required? Min Cost Max Cost
Domain Name ➜

Required

$12

$200

Website Hosting Costs ➜

Required

$0

$300

Website Builder ➜

Recommended

$10

$500

Business Email Hosting Service ➜

Recommended

$1

$15

Website & Live Chat Tool

Recommended

$0

$200

Web Designer ➜

Optional

$200

$6,000

Specific Industry Expenses

Cost Required? Min Cost Max Cost

Tutor-Specific Certification

Optional

$0

$1,000

Training & Education Expenses

Cost Required? Min Cost Max Cost

Online Learning Sites

Optional

$0

$1,000

Professional Training

Optional

$0

$850

Advertising & Marketing Costs

Cost Required? Min Cost Max Cost

Customer Research & Surveys

Optional

$0

$300

Networking Membership Fees

Optional

$0

$250

Direct Campaigns, Printing and Mailing

Optional

$0

$300

Affiliate Marketing Commission & Fees

Optional

$0

$250

Influencer Marketing

Optional

$0

$750

Google Ads

Optional

$0

$300

Facebook & Instagram Ads

Optional

$0

$350

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