This can almost be a “part two” to my article on teaching overseas. If you like to travel and discover other cultures but do not want to spend the money, this is a good option. The new culture comes to you and, although not much, they pay you.
There are a few reputable groups out there that will organize the whole thing for you. You can find these organizations under Employment/Teaching English as a Second Language. There are both jobs for hosting a student from overseas or hosting and teaching a student from overseas. If you elect to teach, the formal lesson per day is about one to two hours per day. If the firm does not provide lessons and books, then they are easy enough to find at a teacher supply store or online under the heading ELD. The organizations usually run an assessment to level the student’s ability.
Beware of groups that oversell their program to the student. The total package for the student costs a lot, towards $6,000.00/month, so they expect a lot. A student may expect to go from Below Basic to Intermediate in one moth. It is common for theses student’s parents to ask for a refund when they get home. As long as you document the lesson time and everything that goes with it, you should be okay.
So, as with anything, have fun! It is usually a lifetime memory; some students will stay in touch and consider you an adopted Aunt or Uncle.