How to Make Multiple Streams of Money as a Teacher; some might think this isn’t possible but that’s not true.
If you want to make multiple streams of income in the form of passive or residual income you’ll need to build assets in your name and not give it away to landlords, banks, or power companies.
Are you tired of having to work overtime to make ends meet? Is it a struggle for you to save money, even when you’re working hard and doing everything in your power to live frugally? Do you want multiple streams of income for teachers?
If this is the case, you may be interested in leveraging your teaching skills to get multiple streams of income.
You’ve got talent. You’ve got skills. And you’ve just got one thing standing between you and the success you deserve: time.
Teachers have so many opportunities available to them that can help them earn extra money on the side or even replace their full-time job with a more flexible, part-time gig. Multiple streams of income for teachers: just take a look at the list below!
Sell lesson plans
- Sell your lesson plans on a site like Teachers Pay Teachers. This is one of the most popular methods for teachers to make money online. Some teachers make hundreds or even thousands of dollars per month selling lesson plan resources on this website.
- Don’t sell your lesson plans to anyone affiliated with your school district, especially your school principal and any colleagues who work at the same school as you. This is an ethics breach that could get you into serious trouble with your employer if they ever find out you are doing it. Additionally, don’t sell free lesson plans that belong to government agencies or copyright-protected materials from other companies such as Scholastic Publishing Company
- Don’t sell old curriculum materials that have already been used by another teacher or group of students before yours (such as textbooks published before 2010). These resources should be donated instead, so someone else can benefit from them without having to spend money buying them new again!
Selling used books
Are you a teacher looking to make more money? It can be difficult to get great pay as an educator. Not only is the pay low, but you have to work hard—and often put in extra hours—to do your job well.
However, if you’re looking for new ways to make money while also doing something that doesn’t add more hours or stress to your workweek, consider reselling used books online.
This can be a fun way to generate extra income over the summer or on nights and weekends when you have time.
Reselling books isn’t complicated. Simply gather up all of your old books that are taking up space in your classroom or house, and start selling them!
You can list them on Amazon, Ebay or Half.com (which is owned by Ebay).
All three sites allow you to set up an account and begin posting items in just minutes!
Offer tutoring services
Tutoring is one of the most popular ways teachers earn extra income.
As a teacher, you have an advantage because you are already an expert in your subject. Additionally, if you teach younger students, like elementary or middle schoolers, they may need help in any number of subjects.
You can offer them tutoring services and potentially make more money than you might tutoring high school students who only need help in one subject.
You can find students through word-of-mouth; or advertise to parents with messages written on community boards like “tutor available for elementary and middle school students.”
Publish and sell eBooks, audiobooks, or courses online
Depending on your skills and interest, you can consider publishing an eBook on Amazon. If you self-publish, you will be in charge of everything from editing to marketing.
However, if you get a publisher to purchase your book, they will help with marketing and editing but you need to pay them a percentage of the profits.
Alternatively, if you are interested in getting paid for posting content online (such as video blogs), YouTube is a great option. In addition to making money off ads that play before or after your videos, YouTube also offers revenue sharing on certain channels.
You can also open a Patreon account where fans can donate money to support your work and give their feedback on what they want to see next. There are plenty of free tools online that help people format eBooks or record audiobooks and courses online.
Offer classes online or in-person
You’re a teacher, so you’re already good at teaching people things. Capitalize on that skill by offering classes in your area of expertise.
You can teach courses in person (in which case you may want to create a workshop space), or online via an existing platform like Udemy or Skillshare.
Teaching is one of the areas where I feel that teachers are severely undervalued, and is, therefore, something you should seriously consider if you have time outside of your regular job to pursue additional income streams.
By teaching, you can generate a steady stream of income from students who pay for classes on a monthly basis, or for individual sessions when they need help with specific topics.
If your area of expertise happens to be personal training, then consider charging premium rates for your services. Personal trainers are some of the highest-paid workers in America (especially when compared to other professions requiring similar education and skillsets).
If you are certified as a personal trainer and live/work in an area with many residents who prefer private training over group gyms, then there’s no reason why you shouldn’t be earning at least $50 an hour – $75 an hour if you play your cards right.
Teachers can also become assistants who help other teachers with grading, lesson plans, etc.
Teachers who want to earn more can also become assistants. Assistants help other teachers and have a variety of job responsibilities depending on the school where they work.
Assistant duties might include grading, creating lesson plans, and communicating with students. The pay varies depending on the school district and the assistant’s experience level. Assistant salaries range between $36,000 and $45,000 per year.
To become an assistant you need at least a bachelor’s degree in education or related field along with teacher certification in your state. Your best bet for finding open assistant positions is to check out your local school district’s website.
Freelance writing or blogging also offers income opportunities for teachers
Freelance writing and blogging can provide a great way to make a little extra money on the side, but they can also be rewarding in other ways.
Teachers are well-positioned to earn extra money this way because of their knowledge and communication skills. This can be done on one’s own time, from home.
There are many opportunities online for freelance writers, including academic writing jobs, article writing gigs, blog posts, press releases, and beyond.
Many different websites will connect writers with clients looking for work, making it easy to find opportunities that fit your interests or schedule.
If you’re stuck with just one way to earn a living as a teacher, consider diversifying your sources of income. This will help you come up with a more stable method of providing for your family and supplementing your income.
It also allows you to exercise different strengths and develop yourself as an individual. Think about the ways that you enjoy spending your time, and then brainstorm how those activities could be turned into sources of income.
This exercise may open up some new opportunities for you, so get creative! So just Start 🚀