yah, I know I think maybe it would be a good idea to sit the kid down and talk to him before giving him a real lesson. Ask what he wants to do, etc and if he really wants to commit to this.
yeah i agree...and to add to this...this is what i want you to do.....
take every lesson slow instead of a once a week lesson, stretch it out to two weeks, and for every move, pass, effect, or routine you teach, tell him the reason behind it...give him to time perfect it...also hold quizes for him..really mold the kid......anyone can learn magic....only the dedicated and educated ones in the philosophy understands it, see when you are done, he just like you will have to become creative....
as for the charge, since you are teaching effects you've studied, read, and took time to perfect....charge the parents 60% of what the effects cost......if not that...i'd charge the family per session, or per level of the effect...start off with the novice stuff...like finger, and body magic..then move to the cards...break down the moves...the passes...the cheats...all the nuances...but honestly i can't truly tell you what to charge...just the break the bank on him....
but make sure he knows the seriousness and meaning of every effect...hey, if he's 10 he obviously has a lot to learn and a lot of time on his hand....imagine if you are prepping the next copperfield or burton....that in itself will be an accomplishment, you never know the kid may end up teaching you something by stumbling on something never before done....
this is a great career move....although its not a career..but hey, the sky is the limits...