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Mucho Moolah! Monday’s Money MAKING Tip! Become a tutor!

Mucho Moolah, Monday's Money MAKING Tips!

May 11th, 2009 by Emily

Today’s tip, as I am sure you noticed from the title, is not a money “saving” tip, but rather a money “making” tip! I thought that it was about time I included some ideas for people to make extra money since the summer is coming up, and, most of us like to get out and do more in the summer. There are cookouts, concerts, watersports etc. that we want to participate in and might need more cash to be able to pay for them. So, today’s tip is to become a tutor!

The first thing you should know is that to be a tutor, you need to be proficient in a particular area of study. This doesn’t only mean math or science, because high schools and colleges offer many more subjects then just math and science. On top of english and social studies classes, students take computer/tech classes that they would need help with, as well as engineering classes, excercise science, language etc. If you are someone who has a proficient knowledge in these areas, you can tutor too!

There are many different ways to become a tutor, and the income that you can make from this extra job isn’t bad. The easiest way to “get your foot in the door” is to approach high school teachers from a local high school or college professors from a local college and ask if they would pass on your information to any students looking to be tutored. Also, put your name on the bulletin boards located in the high school and the buildings on the college campus dedicated to the field you are proficient in. If there isn’t a didecated building, then post your information where the offices for the professors in that field are located. There is usually a bulletin board there as well! Either way, all that is required of you is a little leg work, and maybe printing up some business cards (listing your qualifications would be advised). To do this, you should know that the legal way to go about it is by obtaining a business license and then paying taxes every year (sometimes quarterly, I think, but you should check with an accountant for advice). Tutors who are on their own can charge anywhere form $25-$50 an hour, depending on where you live.

Another approach to becoming a tutor is to register with an online website. There are many different tutoring websites out there, and not all of them are reputable. I have found a couple that seem to be “above board”, and they are Tutor.com, and Tutoring Club. So, you apply for a job/register for a franchise on these websites, but they are a great tool because you don’t have to work as hard to find the tutoring clients since these websites have already built up a client base!

So, this is the first of the new addition of money “making” tips! Tutoring is a wonderful way to make extra money, since it is a job that usually is in demand between 4 – 11 P.M., which means for most of us, it won’t conflict with our primary job! It also gives you the opportunity to connect/network with people in your community and help children reach their potential in a given field…and for an extra job, what could be better than that?

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