Setting the rates you tutor can be a hard decision. I always recommend testing the rates you charge. Let’s pretend we have a tutor business. We have 10 students we tutor 20 sessions a month. So we have 200 sessions a month.
If we charge $20 / session we make $4,000 / month.
If we charge $25 we make $5k
If we charge $30 we make $6k
In this scenario for a $5 increase – we make an additional $1k / month.
You do not have to have the lowest prices. I’ve talked a few times about pricing on the blog. Review your competitors pricing and start in the middle.
I wouldn’t recommend increasing pricing for students you already have. Let them have the current price for the school year. Increasing the prices for new students is ok, and you can increase prices during the Summer.