Monday, August 22, 2005

Idea #6: The New SAT tutoring

Disclaimer: Do not try this at home!

Business Type: Not very legal service: SAT tutoring

Estimated Start Up: less than $100

Where: Affluent kids that are not smart enough to cheat on their own whose parents are morally challenged.

Have you ever watched the Godfather and sat in awe by the effort the men gave to ensuring their family was doing well? What about seeing Denzel Washington in Training Day, rooting for the bad guy? Earth to you guys! THEY WERE CRIMINALS.

As Pacino said in Scarface, " You need people like me. You need people like me so you can point your f+++&$n' fingers and say, "That's the bad guy." So... what that make you? Good? You're not good. You just know how to hide, how to lie. Me, I don't have that problem. Me, I always tell the truth."

Back to the idea. How easy is it to take an SAT test for someone else in high school. Lets check the security hurdles. A proctor, usually a school assistant or para-eduactors looking to make some extra dough. Most teachers wont work 5 hours for $80. You should have a valid high school id, about as hard to make as chocolate chip cookies. Then you have the option of taking the test in any school in the country. This test is just begging to be worked.

Here is the plan. Organize a group of college kids that scored well on the SAT. Discretely acquire parents to pay you $2 for every point you score on the SAT, for their kids. The test is out of 2400 points.

Lets say on average you get a 2000 score, you make $4000 bucks. You pay the college kid $500 for 5 hours of work. Save about $200 to hush up money. And you are looking at $1300 profit for organizing like vito corleone!

Because so many scholarships and admissions decisions are tied directly to grades and test scores, $2000 is a small price to get into "great private school" compared to "party state college". In other words for $4000 investment, your child can have exposure to some of the finer things in academic life. Please don’t be so naive to think this is not already happening, I just wanted to bring it to light.

Lastly, I would never do this, and I encourage you to read this only for its entrepreneurial content, but imagine the possibilities of success or failure, cash versus possible jail time. The caper would be too easy. Just make the administrators offers they cant refuse.


NYC Money said...

Haha that's great. Evilness always inspires invention.

Thumb said...

I would be worried about snitches. Too many people knowing is never a good thing. Then again, with enough hush money, anything is possible.

Regarding cheating though, with all the modern technology nowadays it will soon be so easy to cheat. Think about a tiny little device that looks like a pencil, but is actually a little scanner on one side and an LCD readout on the other. The student could scan in any question, have it wirelessly sent to somewhere else and have the answer sent back to their little LCD. It sounds complex but they have the technology to do this already, it's just a matter of putting the right elements together.

The Thumb Blog

Jose Anes said...

Liked your other legal-ideas a lot more.

This post was Hillarious!!

Money and Investing

Anonymous said...

SAT scores are out of 1600 by the way.