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How to make over 1k day in profit while still in school
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Key takeaways
- Number one, you don't want to sell tutoring, you want to sell the outcome of tutoring, which is to get into either [music] a job that's going to pay more when you get into a better school that has a material difference on the network, the companies that recruit, and so you can a very real way tie the increase of someone's test scores to how much money they're going to make.
- Don't do one-on-one, do semi-private.
- From a money math perspective, you charge 35 bucks, it's cheaper than the 60 that someone would charge one-on-one, but you have eight people.
Chapters
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0:00
Abschnitt 1 You can earn $1,120 per day in profit, not revenue, meaning you're above the 1% earning in the nation while you're still in school.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00You can earn $1,120 per day in profit, not revenue, meaning you're above the 1% earning in the nation while you're still in school. Number one, you don't want to sell tutoring, you want to sell the outcome of tutoring, which is to get into either [music] a job that's going to pay more when you get into a better school that has a material difference on the network, the companies that recruit, and so you can a very real way tie the increase of someone's test scores to how much money they're going to make. Don't do one-on-one, do semi-private. It's still a small group setting, they still get the personalized attention, but when they're taking problems, you can have them take turns doing the problem versus teaching someone on the problem. You're [music] just more optimized for your time. From a money math perspective, you charge 35 bucks, it's cheaper than the 60 that someone would charge one-on-one, but you have eight people. You're making $280 an hour. You do four of those hours a day, you're making $1,100 a day for four hours [music] of work.