Facts and Figures
One-on-one online private tutoring from subject matter experts.
TrueTutor is a technology company that enables online tutoring via video, audio and virtual whiteboard technology. Students can login and find a tutor and be getting the help they need within minutes.
Benefits of online tutoring:
More convenient vs. signing up and commuting to a local tutoring center
Can accommodate busy student schedules (late in the evening after extra curricular activities)
No geographical limit provides access to a large tutoring pool and therefore more selection
Get the homework help you need quickly and efficiently (be online with a tutor in 20 minutes or less)
Much cheaper then brick and mortar tutoring centers
Brick & mortar tutoring starts at $40-$100 / hour depending upon company & location
TrueTutor has tutors starting at $18 / hour and you only pay for what you use
Online tutoring allows us to record sessions so students can replay to refresh what they learned
How does your business make money?
We take 25% of the hourly tutoring fee as well as charge a $2.99 platform fee for every tutoring session.
Why should someone buy this business?
The online tutoring market is poised for growth and this business is turn-key. It only needs marketing.
Online tutoring market in 2018 is $467M
Analyst predict 14% CAGR from 2018-2022 in online tutoring market
Strong growth in online tutoring expected due to:
A preference shift from brick and mortar tutoring centers to online tutoring
Total global tutoring market over $100B
Increasing internet penetration
Increase in technology adoption such as webcams & touchscreen computers to enable online tutoring
Low paid teacher workforce motivated to produce supplemental income
How can the future owner improve this business?
Spend time in marketing. My partner and I have full time jobs as well as new legal obligations that require us to not have a side business.
- High levels of Automation
- High Profit Margins
- Lots of Repeat Customers
- Overall Market Size
- Low Acquisition Cost for New Customers
Opportunities for a new owner
- Improve Current Marketing Efforts
Key day-to-day operations
- Adwords Maintenance
- Facebook Community Management
- Google Adwords
- All Site Content and file
- Customer Database
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller