BPL-09 Setting Your Rates 2: Prepaid Lessons & Discounts

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Using Prepaid lessons and discounts to your advantage

This guide will explain how you can use prepaid lessons and discounts to increase your income and attract new students. Detailed case studies and examples are included to help you set your rates properly. This is an important topic that many tutors get wrong so take your time reading through every point. If you set your rates wrong you could be missing out on thousands of dollars for years to come. When you set your rates the right way not only can you increase your income, but you can also attract new students and keep them happy.

If you haven't already, please read through BPL-08 Setting Your Rates 1: Comparing the Competition to work out your base rate.

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BPL-08 Setting Your Rates 1: Comparing the Competition

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Why it’s important to compare what you offer to other tutors

What you set your lesson rates at will have the biggest impact on your income. Although that seems obvious, the truth is that many tutors don’t put serious thought into setting their rates. As a result, they either price themselves so low they don't make much money, or they set them so high that nobody wants to go with them. This guide will help you work out the best possible rate to charge your students.

This guide uses real life case studies to help you understand how to effectively set your rates.

In this part, we will look at how to find your local competitors and work out a way to offer a better service for students. After comparing your competition, you will be able to decide how to price your lessons to maximize your income, as well as keep your students satisfied. After you read through this guide, check out BPL-09 Setting Your Rates 2: Prepaid Lessons & Discounts for more specific strategies to increase your income.

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BPL-07 One-on-one Lessons

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Should you offer one-on-one lessons?

This guide will help you decide whether you want to teach guitar in a one-on-one lesson format or mix it up with group lessons. This is an important decision to make before you start teaching so read through the examples and advice below.

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BPL-06 Group Lessons

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Should you offer group lessons?

As a tutor, you have the option to offer group lessons for students. Whether you decide to offer group lessons will depend on a few factors. There are quite a few pro’s and con’s for group lessons, so we will look at the most important points in detail. This guide will help you decide if group lessons are something you should offer. Ultimately, the choice is yours. We will give you detailed points on either argument so you can decide what’s right for you.

Take your time to read through all the points in this guide before making a decision. The last thing you want to do is decide to offer group lessons then a couple months down the track decide you want to stop. It's best to figure out the right solution for you at the very beginning.

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Should I teach teenagers?

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There are countless teenagers out there wanting to learn guitar. Before you open the flood gates it’s a good idea you get familiar with potential issues you could face. Read through TPR-03 for detailed solutions to typical issues tutors face when teaching teenagers. More

Should I teach young children?

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There are a lot of young children out there wanting to learn guitar but it’s important you know how to overcome any potential issues they may create for you. Read through TPR-01 for potential issues & detailed solutions. More

What to do when my student doesn't pay?

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While most students will always pay on time, some people seem to always have an excuse. Read through BQA-02 for step-by-step guidance on effectively handling the issue. More

Attract more students online for free

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More and more students are now looking for tutors online. Read through BMK-04 for an easy and free way you can attract more students online. Includes detailed case studies. More

How to beat your competitors

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Have a few competing tutors in your area? Read through BPL-08 for step-by-step guidance to help you crush your competitors and maximize your income. Includes detailed case studies. More

Setting your rates right

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You can make some serious money if you set your rates at the right level. Read through BPL-08 & BPL-09 for case studies and advice to help you set your rates. More