How Online Tutoring Startups are Changing Teachers’ Economy

The Covid-19 left a fearful impact on the teachers and most of them were terrified to return to the classrooms from the fear of the virus. As, per statistics, 18 per cent of the public school teachers are 55 years or older in the age which positions them in the high-risk category of people who might be affected by Covid-19. This led to the resigning or retiring of teachers in large numbers.

As per surveys conducted 1 of the 5 teachers said that they were unlikely to return to the in-person mode of teaching and a similar percentage of them said they were most likely to leave the school at the end of the year. In 2020, New York educator retirements spiked to 580 compared to 259 educators last year.

Apart from this, owing benefits like improved focus, convenience, and cost-effectiveness. Online education enhances productivity and efficiency.

The global tutoring market is expected to grow from $1.44 billion in 2020 and reach $2.9 billion in 2025 at a CAGR of 15%.

Teachers Thriving on Gig Economy

This massive adoption of online education by the students has led the teachers to quit the traditional classroom jobs and adopt the online means of tutoring. It is a huge loss for the conventional school system, however, an opportunity for the startups racing to win a share of the changing teacher economy.

Furthermore, as per an EdTech startup Teachmint, the teachers who switched to online tutoring from conventional classrooms witnessed an average of four times growth in their teaching businesses.

Moreover, there is an unprecedented growth of part-time work across all areas of teaching. In fact, the education and training industry is among the top 5 highest-demand industries for gig workers due to the high level of specialization and rise of virtual education.

Teachers pick up part-time teaching tasks to supplement their income which even helps them to boost their resumes. These gig jobs are less stressful, as it requires far less lesson preparation, fewer administrative tasks, and minimal behavioural management.

Online Tutoring: Tutor-Focused Approach

Online tutoring allows to work from safety of your home safe but also allowing maintaining important aspects of personal life.

Along with the growth in income and business, there are many other benefits of online tutoring for the tutors. Let’s have a look at them in detail.

Teach at Convenience: One of the significant benefits of online tutoring is that the geographic location of the student as well as the tutor is not a problem. All it requires is a computer and a stable internet connection and one can teach from anywhere.

Saving a huge amount of time and energy, they can teach extra students and earn extra income. They can also choose to spend this extra time indulging in extra-curricular activities or spend time with their friends and families.

Increases Efficiency: Online tutoring speeds up the work of educators allowing them to track the progress of their students. Teachers can also assign digital assignments to the students and track submission. The complete automation makes the whole process easier and effective making the teachers stay ahead of the curve.

Communication with Parents: Online tutoring allows teachers to better communicate with the parents in terms of the performance of their kids. Online tutoring makes the whole process transparent for the students as well as parents.

More Geographic Reach: As online teaching is not restricted to geographic locations, it paves the way for more opportunities for the teachers.

They can connect with students from different countries. Without investing much they can grow their client base and income.

Saves Time and Cost: Online tutoring doesn’t require teachers to travel all the way to a coaching centre for taking classes. Working from home with flexible schedules saves a huge amount of travelling time and cost.

Administrative Challenges: One clearly knows the complexity of administrative tasks in a traditional classroom. Teachers have to keep the records of multiple students which impacts the concentration and performance of the teachers.

Managing students online helps in better administration of the students and also reducing the administrative overhead.

Diverse Tutoring Experience: Online tutoring opportunity gives tutors an opportunity to connect with students of different cultures, disciplines, and backgrounds taking their teaching experience from a regional level to a national and even further to an international level.

Enhanced Student Learning & Engagement: It is reported that students usually show more participation and perform better during an online course. Unlike the traditional classrooms, online one-to-session allows teachers to give more attention to each student and improves grades.

Going Far Away From the Traditional Classroom

The resignation of teachers is a loss for schools but an opportunity for tutoring platforms to monetize the teachers’ economy. It’s the perfect time to embrace the world of online tutoring, teachers can switch online and carve out a fantastic career.

Launching an online tutoring platform not only allows them to teach students online but also help the teachers community.

The first and foremost thing required is to build an online tutoring platform where multiple teachers can register themselves. Students can find and hire teachers on the platform as per their requirements.

To launch their own tutoring platform, a turnkey white-label online tutoring software would be an ideal option. There are various online tutoring software available in the market to choose from.

Consider these factors before choosing an online tutoring software

• Supported Features
• Third-party API Integrations
• Technical Support
• Payment Gateways
• Security

Yo!Coach is one such online tutoring software that allows entrepreneurs to launch an online tutoring platform. The software is feature-rich and fully customizable, pre-integrated with video conferencing and payment APIs.

The software is GDPR compliant and highly scalable and offers a lifetime license with no recurring free. The reporting feature of the software allows the entrepreneur to keep on the growth of the platform easily. The software is also available as PWA which allows the platform build to be used on any device.

Conclusion

That being said, this is the right time to enter this industry and mark your presence. There are various niches and markets in the industry still untapped and unexplored. Take your time and work towards building a stable and reliable online tutoring business.