Questions and Answers
I got the idea for starting an LSAT prep business in my third year of law school. I began posting local colleges early in January 1981. My first course was scheduled in early February 1981. I only had four weeks to find and register students. My first class had exactly thirteen students. Some might consider thirteen to be an unlucky number. I was absolutely thrilled to have thirteen students!
The largest class I ever taught had approximately 60 students. Classes with 25 to 30 students occurred frequently, however.
Instructor business owners own 100% of their business and are solely responsible for every aspect of their business including course features, prices, refund policy, free repeat policy, etc. Your LSAT prep business is not a franchise. The relationship between Prepmaster Review and your business is simply that of vendor and vendee. Our sole source of revenue is from author royalties on sales of textbooks.
From 1980 to 2010, Prepmaster Review treated instructors as employees. We paid instructors $475 per weekend. The business was very stressful. I was responsible for reserving hotel meeting rooms in forty cities. I shipped textbooks to each city. I hired new instructors. Sometimes, instructors didn’t show up to teach. I retired in 2010. In 2024, I was reading Plato: Collected Dialogues edited by Edith Hamilton and Huntington Cairns. Socrates was basically operating a school. This gave me the idea for a business plan that I call a “decentralized school.” This website is the result. I find the idea of empowering individuals who want to own their own business to be very inspiring. I hope you also find the concept inspiring!
Of course you can start an LSAT prep business on your own using our textbook! America is a free country and we like nothing better than selling textbooks! In accordance with our business plan, however, we list only one LSAT prep business on our website for each city (or nearby adjacent city) that is home to an ABA-accredited law school. Another business is already listed for the city in which the law school you attended is located, therefore we cannot list your business on our website. Also, you will need to purchase textbooks for your business directly from Amazon. The additional cost for textbooks will reduce your estimated net income by $5,000 (100 textbooks × $50) Thus, your estimated annual income would be $35,000 instead of $40,000. You can easily make up this difference, however, by posting more colleges! We wish you every success with your new business! Please contact us at any time if you have additional questions or if there is any way we can be of help!
Absolutely! That’s exactly what I did when I started my LSAT prep business in Austin, Texas in 1980.
The original Prepmaster Review business closed in 2010 when I retired. At that time, I received a very nice letter from our instructor in Ann Arbor, Michigan. This particular instructor was an honors graduate of the University of Michigan Law School, one of the finest law schools in the United States. He had superb academic and professional credentials and had taught the Prepmaster Review course in Ann Arbor for many years. He thanked me for giving him the opportunity to teach and said that teaching the LSAT classroom seminar in Ann Arbor had been the best experience of his professional career. I read his letter with tears in my eyes.