Test Prep and/or tutoring is the most lucrative way to make money as a student, according to Alex Hormozi.
Alex Hormozi & his wife Leila are the founders of Acqusition.com & they exist to "make real business education available to everyone."
Here's his advice for making money doing test prep and/or tutoring as a student:
#1/ Don't sell tutoring --> Sell the outcome of tutoring
What is the outcome of tutoring?
To get better grades that will get you into a better school
To pass a standardized exam that is necessary to gain entrance into a better school
#2/ Don't do 1-on-1 tutoring --> Do semi-private group tutoring
Why? Because you can charge 2/3rd's the amount you would charge 1-on-1 but you can do it with 8 times as many people. For example:
1-on-1 tutoring for $60/hr for 2 hours = $120
Small group tutoring with 8 students for $35/hr for 2 hours = $560
See the difference? Charge 2/3rds to amount but make 4.5x more/hr.
If you are one of those people who is a really good student & looking to make some extra $$$, Alex Hormozi recommends Test Prep/Tutoring!