I instruct part time yet I am turning students away. When I started instructing I was billing more per month than the highest flying-time full time CFI! This was because I hustled and didn't sit in the lounge complaining that I wasn't flying. In fact, I had 11 students and was flying part time.
BUT - how much you fly and bill is going to depend on your strategy! Let me help you develop one! Following are some rules of thumb and goals:
1. Try to find students with their own airplanes FIRST. These can be "kids of pilots", folks wanting to learn to fly, etc.
2. Try to stick with "professional" clientele. By this I mean doctors, lawyers, managers, etc. It is better to fly three times a week with one student than to wait for a "kid" to cut 18 lawns to be able to pay for one lesson a month. Find a "professional" and convince them to buy a plane.
3. Read the book "The Savy CFI". It has a lot of good info in it.
4. DO bill your students form "hi to bye". A lot of money (yours) is wasted by not billing agressively.
5. I set my rate at $45/hr, however, I will offer discounts if the student buys block time from me. This is an incentive for them to pay you up front. I have a fellow that pays me for two boys in their C182. I give him a discount.
6. Use the breath out of
www.landings.com! EVERY pilot is listed in there for you to market yourself to!!!!! Search for the pilots in your area and offer them BFR's. Also, you can search for private pilots WITH airplanes and offer to help them with their instrument ticket! Search for pilots with airplanes FIRST!!!!
7. Market yourself, be personable, and beat the bushes seriously. I will tell you that the bulk of my students came from word of mouth. It will take you a little time to build a reputation that works.
8. Wear collared shirts that say something about flight instructor on it. I have gotten leads from my shirts. I had the stiching done at a local sewing shop.
9. Get your Master CFI thru NAFI. It is another feather in your cap!
10. Use a syllabus. Believe it or not a syllabus will help you make more money because it keeps your training structured. It also lays out the ground training that you can bill for on rainy days.
11. Become a GLEIM distributor and sell those kits to your students as well!
12. Add to this list! If you brain storm enough, you will find a way to make it work. You have to market yourself just like any other business dude out there.
You can make it work. It just takes some thought. I hope the above ideas spark some more that might work for you... HAPPY HUNTING!