Instructor Overview

Owning a small business is like taking an advanced class in business law, accounting, and taxation all rolled into one. You can’t help being a better lawyer if you have ever owned a small business. Experience owning and operating a small business will help you relate to business clients who seek your legal advice.

Instructors

LSAT score

90th percentile or higher

Estimated income

$40,000 per year

Estimated time commitment

16 weekends per year (8 weekends teaching plus 8 weekends putting up posters on college campuses)

Estimated hourly earnings

$147 per hour

Why you owe it to yourself to continue reading this Instructor Overview:

Perhaps you are feeling skeptical that it is possible to work 16 weekends (32 eight hour days) and earn $40,000. Perhaps you are thinking, “That is more than a thousand dollars per day! How is that possible?” Let me assure you that it is possible because I just finished testing the step-by-step business plan presented in this overview in my hometown of Austin, Texas and the results exceeded these estimates.

It helps that expenses are remarkably low: $14 per month for website hosting and $50 per month for webmaster services. Posters for on campus advertising cost approximately $250 per calendar quarter. Actual course expenses include $49 per student for textbooks and roughly $500 per weekend for the hotel meeting room. That’s it for expenses. Revenues, on the other hand, are $499 per student or roughly $10,000 for a class of 20 students. You do the math!

More than 100,000 students take the LSAT each year. I assure you there is a big market out there for your knowledge and test taking expertise.

It takes just a few days for a new instructor to set up their business using our textbook, Instructor Website Template, Poster Templates, and e-Commerce Platform. We provide step-by-step instructions and are always available to answer questions.

Instructors own 100% of their business. Instructors earn $147 per hour assuming an average class size of 12 students. That is far more than they could earn working as a part-time employee for a national test preparation business like Kaplan or Princeton Review.

Seminars are conveniently scheduled on a Saturday and Sunday and are held at hotel conference centers. Teaching the weekend classes is fun and rewarding and will not interfere with law school classes or work obligations.

I do not charge for helping law students set up their LSAT prep businesses. My sole compensation is the author royalty on the textbooks I sell to instructors.

When I founded Prepmaster Review in 1980, it changed my life forever. The business helped me pay for law school and supported me while I was developing my law and accounting practice. It can do the same for you!

Thomas J. Lowry III

Attorney at Law, C.P.A. (retired)

Founder, Prepmaster Review

Click below to listen to a brief discussion regarding the pros and cons of starting an LSAT prep business in your city:

Below is a comprehensive overview of the Prepmaster Review part-time opportunity for law students and law school graduates. Start your new business in ten easy steps. Step 2 below includes instructions regarding how to submit your email application to Prepmaster Review.

Step 1

Prepmaster Review mails posters to law school placement offices and to law review offices seeking law students or law school graduates who are interested in earning an excellent part-time income by establishing an LSAT prep business in their city using our textbook, Instructor Guidelines, Instructor Website Template, poster templates, and e-commerce platform.

Step 2

Law students or law school graduates who are interested in earning an excellent part-time income by establishing an LSAT prep business in their city should send an email application to:

Please include the following information in your email application:

The city where you want to establish your LSAT prep business. (Click on the link below to determine which cities are available.) Your full name, email address, cell phone number, mailing address, name of your law school, year you graduated or expect to graduate from law school, LSAT score with percentile ranking, law school GPA, any law school honors received, undergraduate college or university attended, undergraduate major, undergraduate GPA, and any undergraduate honors received. Finally, please include a brief statement explaining why you would like to own your own LSAT prep business.

Step 3

Prepmaster Review selects an instructor, texts the instructor to confirm that they are ready to begin the business start-up process, and then ships the instructor a package via United States Postal Service Priority Mail containing the following items:

Item 1

Welcome letter with step-by-step instructions explaining how to set-up your new business. These instructions include important information regarding the website hosting company we recommend, the e-commerce service we recommend, and the freelance webmaster we recommend.

Item 2

Instructor Overview (print edition)

Item 3

Instructor Guidelines (print edition)

Item 4

A Systematic Approach to the Law School Admission Test, Classroom Edition (textbook)

Item 5

Initial posting supplies:

You will need a briefcase to carry your textbook and teaching supplies. You will need a backpack to carry your posters and posting supplies while posting colleges.

Step 4

Instructor business owners who are selected by Prepmaster Review receive three key benefits:

Benefit 1

Instructors who are selected by Prepmaster Review receive a 50% discount when they purchase textbooks (author copies) directly from Prepmaster Review. Textbooks ordered directly from Prepmaster Review cost $49 per copy. Textbooks purchased on Amazon cost $99 per copy.

Benefit 2

Instructors who are selected by Prepmaster Review also benefit because Prepmaster Review spends 25% of author royalties on Google Advertising. We expect to spend $50,000 per year on Google Advertising once LSAT instructor businesses are established in fifty cities. Google Advertising directs individuals to the Prepmaster Review website where prospective students can click on the instructor website for the seminar location they wish to attend.

Benefit 3

Any instructor who uses our textbooks in class is welcome to freely use the registered trademark “Prepmaster.”

By accepting these benefits, instructor business owners agree to allow Prepmaster Review to list their name, credentials, seminar location, and website link on the Prepmaster Review website. Instructor business owners also agree to include the following sections, as provided by Prepmaster Review, on their website homepage:

(1) LSAT Self Study Course with Prepmaster Review Amazon Associates link

(2) Reading List for Entering Law Students with Prepmaster Review Amazon Associates links

While it is true that a few students will purchase the LSAT Self Study Course in lieu of the LSAT Classroom Seminar, in our experience most students who purchase the LSAT Self Study Course also register for the LSAT Classroom Seminar. Thus, the effect on your registration from including these sections will almost certainly be positive.

Step 5

Instructors need to act quickly to register their domain name, to open a hosting account, to apply to open an e-commerce account, and to send the edits they wish to make to the website template located on our website to their webmaster. Please refer to the welcome letter in the package we send you for detailed instructions and for the services and the freelance webmaster we recommend.

We recommend selecting a domain name that combines the name of your city with “lsatprep,” “lsatcourse,” “lsatclass,” “lsatreview,” “lsatseminar,” or “prepmaster.”

Here are examples of domain names for classes held in Austin, Texas:

www.austinlsatprep.com

www.austinlsatcourse.com

www.austinlsatclass.com

www.austinlsatreview.com

www.austinlsatseminar.com

www.austinprepmaster.com

Rather than using your personal email address for your business, we recommend establishing a separate business email address on your Google account.

How to add a new Gmail address to your current Google account:

To add an email address to your current Google account, you must first create a new Gmail account. You are probably thinking, “I already have a Gmail account. I don’t need another Gmail account. I just want to create a new Gmail address and add it to my current Gmail account.” I know it is confusing, but the way you create a new gmail address is to create another Gmail “account.” I promise you that when you are finished, your new Gmail address will appear side-by-side with your current Gmail address on your phone. You will be able to check all your emails on your phone just like you currently do.

01

The first step is to determine the Gmail address you want to use for your new business. Below are examples of possible email addresses for Prepmaster Review LSAT Classroom Seminars held in Austin, Texas.

02

In Gmail, click on your profile at the top right of the screen.

03

Click on “Add another account.” Then click on “Google.” Enter the four digit pin for your Google account.

04

Enter your current, personal Gmail address and then click on “Create account.”

05

Click on “Create your own Gmail address.”

06

Enter the new Gmail address you want to use for your business.

07

Select work/business for the account type.

08

Follow the prompts to enter your name, date of birth, gender, and to create a unique username and password. I used the same password for all my Gmail accounts without any problems.

09

You may be prompted to verify your phone number to ensure it's not an automated account.

10

Make sure you agree to Google's terms and privacy policy.

Click below for more information regarding course administration:

Step 6

Prepmaster Review is dedicated to helping instructor business owners any way we possibly can. We are always available to answer questions. We want instructor business owners to succeed. Our interests are aligned. Prepmaster Review wants to sell as many textbooks as possible and instructor business owners want to register as many students as possible. Here is our contact information:

Tom Lowry

[email protected]

Step 7

During the initial business start-up period, instructors should skip holding classes during the initial calendar quarter. We recommend that instructors post their colleges and universities TWICE before scheduling classes: once in the initial calendar quarter, and once in the following calendar quarter. This allows sufficient time for new instructors to prepare to teach while their posters begin working and while their websites begin accumulating clicks, course registrations, and payments.

Step 8

Once at least ten LSAT Classroom Seminar locations are listed on the Prepmaster Review website with links to each instructor’s website, Prepmaster Review will begin advertising on Google search. Individuals who click on the Prepmaster Review website can then click on the website for the seminar location they wish to attend. This will bring substantial traffic to instructor websites. Nevertheless, based on thirty years experience conducting LSAT classroom seminars throughout the United States, we are convinced that college postering is the key to success for your business.

Step 9

We estimate that each seminar location will register 100 students per year (10 students for each of 8 seminar dates plus an extra 20 students during the busy fall courses). At $499 per student, instructor business owners will gross $49,900 for 100 students. Expenses include $4,900 for LSAT manuals ($49 per manual × 100 manuals = $4,900) plus $4,000 for meeting room rentals ($500 per weekend rental × 8 weekends = $4,000) plus $1,000 for a year’s worth of posters ($.50 per poster × 50 posters x 4 quarterly postings × 10 schools = $1,000). Thus, the estimated net annual part-time income for instructors would be $40,000 ($49,900 minus $4,900 minus $4,000 minus $1,000 = $40,000).

This income is far more than a law student could earn working as a part-time instructor for a national test prep business like Kaplan or Princeton Review.

Step 10

The time commitment for instructor business owners includes a few days to set-up your business by following the step-by-step instructions in the welcome letter we send you; eight weekends teaching; eight weekends (or an equivalent number of evenings) placing posters on bulletin boards at colleges in your area (two weekends per calendar quarter). This adds up to 256 hours per year (16 weekends × 16 hours per weekend = 256 hours). Add 16 hours (4 hours per calendar quarter) for administrative tasks such as making meeting room reservations and accounting and you will be working a total of 272 hours per year (256 hours plus 16 hours equals 272 hours). Thus, your estimated hourly earnings = $40,000 ÷ 272 hours = $147 per hour. We recommend that you also take time to introduce yourself to prelaw advisors at local colleges.

The Power of Commitment

“Until one is committed, there is hesitancy, the chance to draw back. Concerning all acts of initiative (and creation), there is one elementary truth, the ignorance of which kills countless ideas and splendid plans. That the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way. Whatever you can do, or dream you can do, begin it. Boldness has genius, power, and magic in it. Begin it now.”

—Johann Wolfgang von Goethe