How Does Preply Make Money

1. How Does Preply Make Money? Preply is a leading online tutoring platform that connects students with tutors globally. It offers personalized learning in various subjects such as languages, academics, and even hobbies. Preply’s success lies not just in providing quality education but also in maintaining a sustainable revenue model. But how exactly does Preply make money? How Preply Works Preply operates as a marketplace where students can search for tutors based on their subject preferences, language, availability, and price range. The platform gives students the flexibility to choose their tutors, schedule lessons, and learn at their own pace. Once a tutor is selected, the lessons are conducted through video conferencing, offering an interactive learning experience. Preply also provides progress tracking and lesson reminders to ensure a smooth learning journey. Tutors on Preply set their own rates and have the freedom to build their profiles, showcasing their expertise and teaching style. Students can book a trial lesson before committing to regular sessions, allowing them to evaluate the tutor’s teaching approach. Preply’s Revenue Model Preply primarily earns through a commission-based model. When a student books a lesson, Preply takes a percentage of the tutor’s earnings. This commission starts at around 33% for

2. newly registered tutors but decreases as the tutor completes more lessons and gains experience on the platform. This tiered commission structure motivates tutors to stay active and maintain consistent teaching quality. Another revenue stream for Preply is trial lesson fees. Students pay for trial lessons, allowing them to assess the tutor before committing to regular lessons. Even if a student decides not to continue after the trial, Preply still earns revenue from these one-time payments. Preply also offers subscription plans for students, where they can pay a fixed amount to receive a set number of lessons each month. This model ensures recurring revenue and provides convenience for students who prefer regular lessons. Why Preply’s Model is Successful Preply’s business model has gained immense success due to its global reach, diverse range of tutors, and personalized learning experiences. The platform not only benefits students by offering flexible learning options but also helps tutors build a steady income. Preply’s business model follows a tiered commission structure that motivates tutors to conduct more lessons, encouraging long-term relationships with students. By balancing value creation with sustainable revenue generation, Preply has created a thriving online learning ecosystem that meets the needs of both students and tutors. Conclusion Preply’s business model effectively balances user satisfaction and revenue generation. By offering a seamless learning experience while maintaining a profitable structure, Preply has established itself as a trusted platform in the online education space. Understanding how Preply works and makes money can provide valuable insights for entrepreneurs looking to build similar platforms.