How often should a Math tutor revise his hourly rate?
I am Math online tutor for school kids and I would like to understand how often should I be revising my rates. I am planning to ask for a 10% pay rise each year (I did that last November and it's almost a year). It amounts to an additional budget of about $12-15 per month for most of my customers and I am sure they can afford it. Still I wanted to check if it's normal to ask for a hike once every year.
- Mary ContraryLv 76 years agoFavorite Answer
Check the price of your competition. A 10% hike each year sounds excessive, but if you can prove that all your students improved their grades by a good amount, and want to come back to you, the hike in price may be warranted.
- 6 years ago
Thank you so very much Mary! Yes, most of my students have shown very impressive improvements and I spoke to/emailed most of the parents who said they are fine with this raise (at least for this year, which makes it two in a row).