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I know a number of people who do this, some after doing it in much-worse-for-the-teacher ways in Japan.

Aside from the usual issues for an online business:

1) There exist multiple classes of well-employed professionals who value this far more than almost any other users
2) ...
Well, you can probably predict my #2.
I am aware of people who charge "lawyer money" for this service, and get it.
"How much do lawyers charge?"

A wide range, actually, but when I think of that number I think $150 to $600 per hour.

"Nobody pays $600 an hour for English practice."

I mean, false.
"Who buys it?"

Mostly people who can calculate the net present value of their career without needing to look up what net present value means.
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