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Michael C Ogbonna

1y ago

Sharing my journey from PharmD to MD | 2nd Yr Medical Student @ LSUHSC SOM

Day 6: This Is the Best Way To Make Money As a Student per Alex Hormozi
By @mcogb3 - Michael Ogbonna, PharmD

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!

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