As a teacher on italki, you are able to set your own price for teaching a language. When students view your courses, they will probably take into account:
A good strategy for new teachers (for the first 5 or so lessons)
Many successful teachers on italki have used this strategy.
Once you you feel it's time to raise your rates, it's important to take into account:
It's possible that you will lose some students by raising your rates, but there are ways to keep old prices for old students. And, even if you teach fewer hours at your new, higher rates, you will be making more money each hour.
If you offer different kinds of classes, it might be a good idea to make some specialized classes and charge more for these if there is a demand or if they take you more time and effort to prepare for. For example, if you are a professional teacher, you might keep your "Informal tutoring" class at a lower price, but charge much more for a specialized lesson in a topic of your expertise, especially if you spend more time and effort on it.
If you notice yourself getting a lot of requests for lessons from new students, that's probably a sign that your classes are in demand and you can afford to raise your prices!
Here's how we recommend you go about raising your rates and communicating this with your students:
Yes, it's possible to offer students a discount, but you need to do this before accepting their lesson request. Learn how: