Well, you can probably predict my #2.
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I am aware of people who charge "lawyer money" for this service, and get it.
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"How much do lawyers charge?" A wide range, actually, but when I think of that number I think $150 to $600 per hour. "Nobody pays $600 an hour for English practice." I mean, false.
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"Who buys it?" Mostly people who can calculate the net present value of their career without needing to look up what net present value means.
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What about folks that don’t have the financial resources because of income disparity in developing markets?
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From a language learner's perspective, they can take advantage of Youtube or similar. From a tutor's, teaching 1:1 lessons for free is probably less efficient for one's values than teaching at highest achievable rate and transferring money to the person you'd have tutored.
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Could there be a branding opportunity here? Build a course that is specialised in learning English for remote work.
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I think you could do "[Conversational] English for [finance professionals/lawyers/software developers/etc]." "Remote work" probably undershoots other options which are executable for same amount of effort.
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But the growth of the market is mainly due to VIPKID, which has almost monopolistic qualities in both China and US. And that’s only ~ $10/hr. They control almost 100,000 teachers in the US side of things.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Sure it is easy to make money selling a premium product to folks with money, but giving that same premium product to poor people at scale would be really cool. It would change the world! I think Duolingo is the first step
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English teaching.
You don't need to code for it, easy if you're native, and there's more money in there than you'd think: especially if you start your own business with more teachers than just you