If you love teaching and spreading knowledge, then start a tutoring service is the business for you. A Tutoring service is all about helping the child improve his academic skills. Normally a tutor spends an hour with the student at each session helping them with the subjects they need improvement in the most.

Investment:
$1,000 to $10,000. You probably already have the computer and copier, which would lower your investment cost.

Financing sources:

Your Savings
Government loans or grants
Banks and credit unions

Pricing guidelines for service:

$30 to $50 per hour

Advertising and Marketing Methods and Tips:

Local Schools
Local newspaper advertising
Word of mouth
Website

Essential Equipment:

Study books
Reference guides & supplementary books
Desks & Chairs
Stationary products
Copy Machine
Business Cards

Income potential:
$20,000 to $50,000 depending if you work full or part-time.

Target market:

Homeschooled children
Adults learning to read
College students studying for SATs
Students of all ages in need of specific improvement in a particular subject/s.

Success tips:
A passion to teach is vital. You have to be patient, kind and persistent in your pursuit to make sure that each child excels in studies.

Training, skills or experience:
There is no requirement to have a degree or license to tutor in your home. All you require is the ability to make a game plan on improving the area in the subject where the child lacks, and be knowledgable about the basics of the subject.

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