There are lots of opportunities in the global tutoring
field. Tutoring is listed as one of the top 16 industries worldwide for
starting a new business, with a with a growth rate of 7% in the last year.
Besides, Global Analysts, Inc. (GIA) released a study stating
that the Global Private Tutoring industry will surpass $102,8 Billion by 2018,
so there’s no doubt that you will benefit from market trend.
On top of that, since there are more and more students, who
are willing to enter in highly rated universities as competition increases.
This is exciting news for anyone involved in the tutoring industry.
The immediate challenges in 2014 will be to capitalise on
such strong domestic growth, while thinking globally and digitally to find
where the next raft of opportunities will be.
It will be important for tutoring agencies to avoid the
temptations of stampeding down the ‘online portal’ route too soon. The key to
the survival of any company which acts as an intermediary is in the depth and
the strength of the relationships they form. Any tutoring agency that loses
sight of this will invariably risk developing a transient client and tutor
base.
A consistent emphasis in this respect: a maintenance of
focus on the personal touch as the best means to build relationships with
clients and tutors alike. That is not to say ruling out of online tutorials as
an additional part of what agencies provide: but to understand that the best
possible education at this present time is still to be found in-person,
face-to-face. The key to acting as an immediatary.
Often tutoring agencies grow big enough to expand into other
areas, such as running tuition centres, hosting education conferences, or
publishing magazines, so it is often a great platform for an ambitious business
to start from.
Recently our focus on the personal touch has led us in some
exciting directions. We developed TutorCruncher, to streamline and store the
entire agency admin process, has not only freed up huge amounts time and
resources in the daily admin of any busy tutoring agency — but it also offers
tutoring agencies around the world an excellent opportunity to transform their
business models, cutting their costs, freeing up their resources, and allowing
them to realign their focus to where it needs to be — on their clients and
tutors.
The tutoring industry is highly popular and growing industry
in USA, England, Canada and Asia and spreading toward the rest of the world.
There is large potential in the European market, who lag a few years behind the
rest. Students and their families will willingly engage in support to increase
their own opportunities especially in competitive subjects.
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