Korean Job Discussion Forums

[bassexpander]

Open a hagwon near a major university area where you only hire F-series visa teachers. You hire many.

Each teacher works part-time for a very low wage (say 1,000 won per hour), but is allowed to "recruit" students to come there for classes. The students must pay the hagwon 10,000 won per hour for the private lesson. Of course, the teacher and the student could work out some form of extra compensation that is paid outside of the class -- say 40,000 won per hour. Or less per student if more students join the class with that teacher.

Basically, set it up so that the teachers can teach legally at that location, and any extra costs the students pay is handled outside of the class -- not involving the school (a location for them to legally teach privates -- or at least appear to be legally doing so).

Maybe you could hire some part-time E-2's as well. As long as their hours/pay are under a certain amount, and their school agrees to it, they could get it put on their ARC.

Hmm.

[Gusss]

Hmmmm.

[Gusss]

Interesting.

[Gusss]

Very very interesting.

[Gusss]

I shouldnt think theyd stand for it though.

[GreenlightmeansGO]

Hmmm...if I understand it correctly, the actual Hagwon wouldn't be making that much money...depending on popularity and size, of course.

Let's say you have 10 classes a day, that's 100 000 per day...supposing you have classes every day of the month, you are looking at about W3 000 000 total. Then you have to deduct the expenses: rent, stationary, lights...

The people scoring, in a way, would be the teachers. Is that the aim?

To adapt the model a bit, couldn't a group of teachers invest in the business and share the premises? That way the costs are shared, the business could expand and each teacher is responsible for his or her own success or failure.

A benefit of this plan - opening a hagwon with several other teachers involved - is that you could spread the wealth (I am not Obama's sock ) and students can visit more than one teacher.

[mishlert]

[Unposter]

You are going to run into a ton of overhead costs. You can't just set up a hakwon in any size building - there are space requirements. So, you would have to at least cheonsae the room. There would also be all sorts of costs for licences and permits to run a hakwon. And, of course, there would be taxes on each "finders fee" for each student you would find. I suspect it would hardly be worth it unless you could charge a high enough fee.

You may also find that other hakwons might try to get you in trouble/investigated and you might need to bribe officials to let various government agencies "look the other way" even if you are not doing anything wrong.

F-visa holders can get private tutoring licences anyway.

[Join Me]

Your biggest problem? 99.9% of people in the world want nothing to do with selling even if it means the opportunity to increase their income. That is why the vast majority of people in the world are worker ants who go to work while the boss makes the profit and does the selling.

[cruisemonkey]