Practice
- People who can afford tutor even virtually and what they are paying: (How we are trying to make ours cost effective, affordable)
People Who Afford Tutors: A virtual tutor for a pod at a cost of $45 to $75 per hour depending on the number of students; virtual one-on-one tutoring at a cost of $90 to $100 per student, depending on grade level; and a case manager to work with a parent or caregiver overseeing a student’s schooling at a cost of $100 per weekly session. The families pay the educator they hire between $30 and $60 an hour, or roughly between $60,000 and $125,000 per year if the teacher were to work 40 hours per week, which is not always the case. The teacher’s exact wages depend upon their level of experience and what families are asking of them. Parents also pay Westside a fee equivalent to 25% of the educator’s estimated annual pay. (Personal Finance, 2020). Impact of Coronavirus Pandemic on Post-Secondary Educational
- The private tutoring market in the US is set to grow by USD 8.37 billion, progressing at a CAGR of almost 8% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment (Private Tutoring Market in the US to Grow by USD 8.37 Billion, 2021)
- students will need extra help: Evidence that students will need extra help is growing. Several new analyses, based on tests given to millions of students at the beginning of the school year, show that students started the year behind (Barnum, 2020). • On the NWEA MAP test, students dropped 5 to 10 percentile points in math. • Similarly, students fell 7 points in math and 1 point in reading on an exam from the testing company Renaissance.
- As of May 7, 2021, the average annual pay for a Full Time Private Tutor in the United States is $57,959 a year
Do you have to pay back investors if your business fails?
Yes, of course. They invested in your company, with the expectation of a financial return on the amount that they invested. Why do they expect a return? Because you promised them a return in your contract. You have to stick to that contract and fulfill all the terms of that contract. Even if your business collapses, they still expect to be paid back for the amount that they spent on giving you a chance to build your company.
The method of how you’ll repay them differs, however. For creditors, depending on the loan terms, you’ll need to pay them back the loan plus interest or just the loan itself. For example, if your creditors have you a $500,000 loan plus 5% interest, then you’ll have to find a way to repay that $500,000 to them as soon as possible so that the interest doesn’t accumulate. Compound interest is a gift from the gods when you’re a saver, but it’s a horrible nightmare when you’re a borrower. In addition to that loan, you may need to pay them a balloon payment that’s immediately due in case the business collapses. So, there may be an additional $50,000 balloon payment, for example. It depends on the loan terms.
For shareholders, you’ll have to sell your company’s assets (ex: your equity in the form of stock, intellectual property) to repay any outstanding stock that your shareholders own. For example, if your shareholders own $50 million in outstanding stock, then you’ll have to sell $50 million worth of assets to repay that outstanding stock.
In fact, that’s why it’s often recommended to launch a corporation instead of a sole proprietorship, especially if you’re involving investors in your business. If your corporation flops, your personal assets are secured from creditors and shareholders. Only the corporate assets are at risk of being sold. If you have a sole proprietorship, however, then your investors will own your personal assets, including your car and even your house.
If you don’t pay back your investors when your business fails, then that’s a breach of contract. In fact, by not paying them back:
- You’re running off with their money.
- You’re abusing people’s trust in you.
- You’re deceiving and cheating people.
- You’re breaking the law.
- You’re running a scam.
In fact, that sort of scheme is known as a Ponzi scheme, which is one of the most serious examples of white-collar crime.
So, yeah. If your business fails, you still have to repay your investors. If you would rather not deal with upset creditors and shareholders in case your business fails, then you’ll have to bootstrap and invest only your own money. Your investment may be much smaller without the backing of several investors, but at least you’re only accountable to yourself. Plus, since it’s your own money, you may be more careful with how you spend it to grow your company.
Typically when a start-up fails, it has run out of cash and the leadership team is unable to raise more capital. There is often no money left to be returned to angel investors if a start-up fails.
Investing in start-ups is very risky and most angel investors know this (or should). Angel investors typically invest in equity and are in what is called a first-loss position. One of the expected return scenarios for angel investors is that they don’t get their money back.
If there is no cash left, but there are assets, then a start-up may declare bankruptcy or enter into administration proceedings. An insolvency professional or administrator is appointed on behalf of creditors to methodically liquidate assets and distribute proceeds to parties that are owed money. Scott McGregor’s answer to Should the money be returned to angel investors if the startup fails? details the distribution waterfall or the order in which creditors may be paid. If there is any cash leftover after creditors have been paid, then there may be a distribution to equity investors pro rata based on their ownership percentage.
FAQ
What does Tutorsloop offer teachers?
We offer a platform for teachers to organize, promote, and deliver online classes. This includes:
- Beautiful online listing for your classes
- Access to our community of learners
- Secure online payments
- Integrated video chat platform and messaging
- Responsive support via chat, email, and phone
We do our best to simplify the logistics, so you can focus on crafting the class experience.
What topics should I offer?
We encourage you to teach classes on topics you are passionate about and experienced with, and ideally that you have taught before. We welcome classes on all subjects and in all formats, for learners of any age group. We generally suggest offering a range of classes including short-form introductory classes that meet 1-4 times, as well as longer form semester-long classes.
Who can teach?
Tutorsloop does not require formal teaching credentials. We believe that many adults can offer rewarding classes based on their experience and interests.
What does it cost? And how do I get paid?
It’s free to list classes on Tutorsloop. We take a 30% service fee from enrollments, so we only get paid when we succeed in bringing you learners. You have full control over the listed price for a class and number of participants. You receive payment via PayPal after the class begins.
We can add this as a subject or tutor’s skill to highlight, or you could also say it when presenting and telling about branding and identity (different unique skills )
Tutoring
Tutoring, which is designed to be supplemental, is all but essential to low-income students if they want to succeed.
- Even the worst behaved students in a classroom tend to function well one-on-one or in small groups, since acting out is often a defense designed to hide academic weakness.
- Additionally, tutoring provides a consistent, nurturing environment with an educated adult role model. Students affected by poverty often lack stable homes. Tutoring provides a safe learning space.
- tutoring provides students with the essential learning skills that their peers with more resources acquire at a young age. Succeeding in a difficult environment takes self-sufficiency and dedication, and without basic organizational, time management, note-taking, and research skills – just to name a few – low-income students face an uphill battle in their quest to obtain an education.
A good tutor, by providing guidance and support, can make higher education an accessible reality for low-income students.
Learners/Tutors Security Trust
Tutors who deliver high quality work and maintain strong ratings can earn new levels of status that provide additional benefits. Learn more about the level system.
- Tutor Ratings
After a tutor completes a project, learners can rate their experience based on criteria all made visible to you.
- Learner Feedback
Full transparency. Learners can leave feedback on their interaction with tutors and share their project for all to see.
- Personal Details
Tutorsloop values your privacy. Your data is secure at all times and we’ll never share your personal information with third parties.
- Safe Payments
All transactions are conducted on the Tutorsloop platform. Whether a buyer uses a credit card, PayPal or other form of payment, we handle everything, and ensure the security of your personal details. Fiverr is committed to the highest security standards as a Level 1 PCI-DSS service provider.
Secure Communications
You can safely communicate and exchange files with any learner/Tutor on Tutorsloop through our secure messaging system.
Our mission is to connect students with their perfect tutors worldwide! We believe that spreading knowledge and learning should be available and affordable for everyone. Our goal is to increase the value of learning, education and knowledge by creating jobs for individuals.
Finding an affordable private tutor is not easy. Most people don’t know where they can find one and if they do manage to find one, it becomes expensive.
In Pakistan, in not a distant past, there was a tradition of young graduates teaching children in their neighborhoods for a very affordable fee. These were mostly themselves students of either medical or engineering universities. In fact, even young girls used to teach students in their area. This was a very suitable arrangement for both the student and the teacher since the teacher used to get some extra money whereas the student got private tutoring. Tutors were also able to garner the benefits of teaching since it enables them to understand various concepts in a much better way. The situation was win win for both parties.
In the current schooling scene, private tutors have become a necessity everywhere, since; in the school the child does not get the undivided attention of the teacher which makes it harder for him / her to grasp the intricacies of the subject at hand.
We believe that every child is different from the other. Their learning requirements are also different which require attention and focus on the part of the tutor who would realize the specific requirements of his student, and then devise ways of catering to those particular-learning needs. If your teacher is a caring, understanding and able, it makes it much easier for you to learn everything.
We also believe that everyone should be able to afford private tutoring and individual attention. Take for example a child who is weak in maths. Such a child will need the attention of the teacher who would explain the problems and concepts in such a manner that the child is not only able to understand the concepts, but is also able to apply them for solving questions.
Tutors-Loop is a step in that direction. Our mission is to make private tutoring accessible to each and every student. Tutors are able to teach several students in person or online. We have a virtual classroom that helps online teaching to a group of students or individuals. This basically depends on the requirements of individuals.
Moreover, Tutors-Loop helps individuals to create their personal brands and unique identity. We believe that every person possesses some unique knowledge, characteristic, and skills that others can be benefited from. Tutors-Loop provides a platform to bond people with their distinctive audience no matter what profession they are in. People can display and sell their skills and talents by creating exclusive profiles, uploading their work and projects, offering webinars and sessions. They can unite with their targets in real time to deliberate their skills and further their knowledge.
How is Tutors-Loop cost effective? Students and parents are able to negotiate the terms and conditions of the teaching as well as the cost associated with each teaching regime. Tutors can also negotiate the fees after taking into consideration the qualifications required for a particular job and the amount of time they would be required to put into the teaching effort. Demography and language are also a very important aspect of tutoring that should also be considered before finalizing any arrangement.
We feel that education has become a business rather a need for a social cause. Our business ethics, at Tutors-Loop strongly values that learning should be reachable. For educators and learners we give an excellent platform! Our organization helps individuals fly, have them wings for a better future and helps earn them employment of their choice with flexibility and convenience. This platform serves for a social cause rather than a business and your contribution to us helps the society grow!
Our Philosophy
“By learning you will teach. By teaching you will learn.” (Latin Proverb)
Our philosophy is that the ultimate goal of knowledge and skills is to transfer them effectively to others.
Many studies show that learners who receive private lessons, outperform their peers in any field, and they express more positive attitudes toward the subjects. In the same way, educators also have positive effects when they transfer their knowledge to others.
____ Frequently Asked Questions:
Q: What is Tutors-Loop?
Tutors-Loopt is the ultimate platform to connect students to the right tutors from around the world. You can find a tutor or become one! Get connected today!
Q: What Tutors-Loop is not?
This is not a tuition institute rather a platform for private tutors and students to connect.Tutors-Loop is not involved in how you can teach or what you should teach. It is a platform to connect people who are willing to provide services on what they already know with those who need to learn. Tutors-Loop does not hire any tutors nor does provide any tutoring.
Q: Is there age restriction in order to contact tutors?
Yes, one has to be 18 years of age or older in order to get access to our platform.
Q: What subjects are covered in your tutorials?
Major subjects offered by Tutors include Mathematics, Sciences, English, History, Social Sciences, Foreign Languages, Computer and arts. If there is a subject you don’t see on the list, please let us know at info@tutors-loop.com. Our platform is not just limited for academic courses but rather a platform to connect people who are willing to provide services on what they already know with those who need to learn from any profession.
Q: What does Tutors-Loop do to promote my presentation/session?
We are partnered with many parents/students publications and use many different media to advertise our website. We also focus on enabling our tutors to successfully promote their profile via social sharing buttons on different social media.
Q: Do I need to register?
You can search for the tutors without registering. If you decide to contact a tutor, you only need to register with some basic information. Once you register, you should be able to contact the tutor by sending a private or public message to him from your profile page.
Q: How do I contact my tutor?
You can search for the tutors without registering. If you decide to contact a tutor, you only need to register with some basic information. Once you register, you should be able to contact the tutor by sending a private or public message to him from your profile page.
Q: How can I make payments?
Student will be purchasing the Services. If the subject you are interested in is being offered through the online tutoring services listing page. User/Student will always make the payment in advance but Tutors-Loop will reserve the payment until the course or lesson is finished ensuring student that his/her money is saved and ensuring tutor that he/she will be paid upon completion of the service. Once session is delivered successfully, the student has three days to respond. If no response is provided within the response time, the session will be considered complete.
Q: Can I pay tutors directly?
Students pay Tutors-Loop for tutoring services in advance. You may not pay other tutors directly using any method other than paying through the Tutors-Loop payment system. In case you have been asked to use an alternative payment method, please report it immediately.
Q: How can I receive invoices for my paid sessions?
The invoices should be available under your profile. If you still would like an invoice of your purchases from Tutors-Loop, we’ll be glad to issue you one. Please email us at info@tutorsloop.net with your name and the address to help create your invoice. Please allow 4 to 5 weeks for an invoice to be processed and submit back to the user/student.
Q: How should I price my services?
Some tutors use a metric of around $10 – $40 per hour of course based on the levels.
Q: What Resources will we need?
Skype or other tools that can be used for teaching.
Q: What has happened with prices in currencies other than US dollars?
All the prices offered by tutors are expressed in US dollars only.
Did you know? 1.2 M students drop-out high school in the US every year. That is a student 26 seconds! Hi, I am Syeda Ahmed, having come from a third-world country, I understand what it feels like to struggle financially to get a quality education. Knowing the value of education, , we came up with the idea of establishing a private tutoring marketplace and founded Tutors-loop.
Freelancing Website Marketplace
My personal history and that of other financially disadvantaged groups are among the things that inspired me to come up with a fantastic website, https://tutors-loop.com/. Typically most young people from financially underprivileged groups usually work hard because they want to change their lives. For this reason, they are always in a constant search of knowledge and skills as a way of preparing themselves to face the future. There can never be better places to search for that knowledge and skills than the internet. Using their electronic gadgets like smartphones and laptops, they turn to the internet to quench their thirst for knowledge.
Due to the lack of better ways to identify legit private tutoring, they fall into the wrong hands of fraudsters purporting to be tutors who end up selling them irrelevant or sometimes empty courses. This way, they lose hard-earned money, and therefore, they feel betrayed and like never to try again. These challenges and struggles they were facing made me poo my resources to create a private tutoring marketplace where they can meet and interact with legit tutors and negotiate prices of those online courses based on their financial needs. These will enable them to gain trust with private tutoring, and thus their money would be safe and protected from fraudsters.
My mother made us understand the importance of education. When I was studying, I realized that most people who needed tutoring services were not getting them because their parents were illiterate. Therefore, they were not in any better position to inspire their children to educate themselves. Also, besides living in areas where available schools have inadequate resources, private tutoring is usually costly, and therefore not all of them can access tutoring. For this reason, we came up with the idea of establishing a private tutoring marketplace in their countries and enable young populations to create money and support themselves.
For this reason, after we were done with a college education in the United States, we decided to focus on helping the youths in third-world countries. We believed we are the most suitable to offer them that need solution for reasons that we understood them because we too were raised from such backgrounds. We understand what it feels like to struggle financially to get a quality education.
Having come from a third-world country where the struggle is real, I understand there a lot of people not only from my country who are in search of affordable education. Like being raised in a low-income family by a single mother, the struggles I had to go through are among the things that inspire me to form this website about education. I wanted to create a legit freelancing website made up of tutors and where students interested in learning and educating themselves can be visiting and getting top-notch services. We have come up with a payment processes that builds faith among internet users. I will make sure the website is registered with relevant authorities to build trust among people about it. https://tutors-loop.com/ would be playing the role of go-betweens of connecting students in search of tutoring courses with legit tutors who are competent to teach specific online courses. We have designed the marketplace to fit students of all walks of life because now students can negotiate for prices that best suit them based on their needs.
It has been three years since we launched our freelancing marketplace. Now, students from my own home country, Pakistan, can register to take classes from our website. This is something that inspires us so much. When I reflect on the challenges I had to pass through to be where I am today, I feel fulfilled because of inspiring generations both from my home country and here in the US. Our marketplace enhances peer-to-peer learning; it creates job opportunities for tutors willing to share their skills with others. Also, people acquire so many skills in that private tutoring they chose to enroll.
Did you know? 1.2 M students drop out of high school in the US every year. That is a student 26 seconds! Hi, I am Syeda Ahmed, having come from a third-world country, I understand what it feels like to struggle financially to get a quality education. Knowing the value of education, we came up with the idea of establishing a private tutoring marketplace and founded Tutors-loop.
When we migrated to the U.S. I realized that perhaps people who needed tutoring services the most were not able to receive them.
- These children had parents with no or little education. Therefore, they were not in any better position to help their children.
- They live in areas where schools were poorly funded, therefore had extremely limited resources.
- They belonged to low-income families and were not able to afford the high cost of private tutoring.
Growing up in Pakistan, getting private tutoring was very much affordable due to a culture of peer tutoring. Young college and university students used to tutor middle and high school kids.
Tutors Loop is a step in that direction.
Our mission is twofold,
- To make private tutoring accessible to people who value it regardless of their socio-economic background.
- To provide a proper platform for tutors to build their credibility, unique personal brand, and income.
Lack of education is directly linked to poverty and poverty is directly linked to many sorts of crimes and social injustice.
We believe that receiving and transfer of knowledge should be valued and encouraged and therefore accessible for those who value it regardless of their social-economic background.