Welcome to my Studypool review!
First things first, I’m really happy for you that you’re willing to do your own research before joining any program as there are way too many online scams that can waste you a ton of time and money.
And this is the only way to stay away from scams and find the legitimate way to make money online!
So, if you’re doing research about is Studypool a scam or legit, rest assured that this is the right place.
In this review, I’m going to be giving you a thorough breakdown of Studypool and whether you should join his program.
Product Name: Studypool
Overall Rank: 50 out of 100
Studypool is an online platform that connects students with questions with tutors who can answer them, which is best for verified tutor who has expertise in specific area to earn money by teaching.
According to their website, you can earn up to $7,500 USD monthly working from home tutoring students.
But is it really the case? Let’s find out below…
How Does Studypool Work?
Before getting started with Studypool, you should first understand this 3-step process explaining how it works?
1. Students Post a Question
In order for students to get help at Studypool, they need to first sign up and post their academic questions on what they need help with as well as a price range and time limit.
They can also select “study emergency” if they need help in a hurry.
2. Match with a Tutor
Once they post their question, verified tutors who are interested can bid for the job. Student will have the option to select a tutor by comparing their profiles, statistics, and reviews, or they can simply ask Studypool to automatch the best tutor for them.
Basically, the better your value, the more students you’re going to get. This is why having considerable expertise in certain subjects are significant in terms of the chance of getting hired.
3. Get Paid
After getting hired, you will have to provide personalized help and give a thorough answer according to the question details. In addition, you may also need to further explain the question if the student use the messenger feature.
If the student is satisfied with the session, you’ll receive the payment as soon as the 1-on-1 session is completed.
How to Get Started as a Tutor?
Interested in being a tutor? Watch this short video to learn more…
It takes only 2 simple steps to get started as a tutor at Studypool:
1. Sign up for an account to apply for the tutor position. Once your application gets approved, you’ll be able to move on to the next step. However, Studypool has clearly stated that only highly qualified and vetted tutors will be hired.
2. After being approved, complete your profile by selecting what subjects are you going to teach.
Here are some of the most popular tutoring subjects at Studypool:
3 Ways to Make Money With Studypool
1. Answer Questions
Like I’ve mentioned above, the most common way to make money with Studypool is to bid for questions.
Although it has pretty stiff competition as there are now thousands of verified tutors at Studypool, if you managed to mad 40 bids within 24 hours, you’ll be given “On Fire”, meaning that all your bids will be prioritised within that period.
To increase the opportunity of winning bids, you may want to keep an eye on the Studypool calendar for upcoming exam seasons because you’ll more likely to get more job offers during that time.
2. Outsource Questions
If you win a bid but you don’t want to answer the question on your own, you can outsource it to other tutors. By doing that, they will be answering the question on your behalf so you’ll also make money.
3. Invite Friends
Besides, if someone joins Studypool and become a tutor using your promotion code, you will also be able to earn USD $10.
How to Get Paid?
To make getting paid easier, payment transactions can be made via Paypal or Transferwise so that tutors can connect their checking accounts or credit cards through their account. Note that both methods will also charge a 3.5% transaction fee for each transaction.
Normally, Studypool takes 1-3 business days to process a withdrawal and payments can take up to 5-7 business days for Paypal or Transferwise to clear. So you can expect to receive the payment 6 – 10 days after a completed job.
As soon as you win a bid, Studypool will walk you through the process of helping the students effectively, including…
- How to introduce yourself
- How to finish the job on time
- How to ask for more question details in order to provide a in-depth answer
- How to avoid plagiarism using the Plagirism Checker
- And so much more…
The Good & the Bad
1. Flexible Work Arrangement
One thing I like about Studypool is that you can choose when to work and where you want to work from as long as you have an internet connection, which is a great way to earn some side income in your spare time.
1. Vague Requirements
According to their website, Studypool claims that tutor has to provide quality answers in order to receive the payments. And if the student isn’t satisfied with your session, you will not be paid at all.
However, who are going to determine whether your answer is “Quality Answer” or not, which is pretty vague, right?
Not just that, if your work is deemed not satisfactory by the Studypool team, your outstanding refunds (earnings) will also be deducted.
2. Slow Payments
As mentioned, you’ll have to wait at least 6 – 10 days to receive your payments after you finish the job. Some users even claimed that they have waited more than 10 days to receive the money after they made their withdrawal requests.
3. More for Seasoned Users
For users who’re just starting out with Studypool, you can only bid for 2 questions that have an earning ceiling of USD $5.
As you can see, most of these questions have a price range of USD $5 or above, which is very difficult for a beginner to get started.
Moreover, there will always be a lot of tutors bidding on the same question regardless of the paid range so it’s basically impossible for a beginner to compete with them.
4. Low Earning Potential
Aside from the above downsides, the low earning potential is probably the biggest drawback of Studypool. Remember that I’m not saying you can’t earn a lot of money if you’re experienced in tutoring. But if you really are that experienced, you won’t be needed Studypool to find a job anyway.
On top of that, Studypool charges you a 20% service fees of your total earning, which is why I wouldn’t recommend you to join it.
Who is Studypool for?
Studypool is an online platform for ANYONE who wants to earn an extra income from home in your free time.
However, this is definitely not a program that can help you quit your 9 to 5 job.
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Studypool at a Glance
Product Name: Studypool
Overall Rank: 50 out of 100
Is Studypool a Scam?
No, Studypool is a legitimate program where you can help you find jobs and earn side income in your spare time.
However, I won’t recommend you to join it because it is not a passive income stream, meaning that you have to trade your time for money (active income).
The reason why I don’t like about active income is because your income will ALWAYS be limited and you will never be able to achieve time freedom and financial freedom at the same time. Besides, most questions in Studypool are extremely competitive but only pays between USD $1 – $5.
This is why I don’t think that you’re able to earn up to USD $7,500 with it.
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