Many teachers believe that their reward is the success of their students in their exams and careers. Others believe that their reward is in heaven. Consequently, they settle for their monthly paycheck while they have so many skills that can earn them extra income. Some are simply unaware of the business opportunities that are available for teachers. If you are fulfilled in your teaching profession, you can earn more from any of the following side businesses.
1. School Supplies
Parents buy books, pens, backpacks, and uniforms throughout the year. If you know where to find these items and other school supplies at a lower price, you can supply them in bulk and sell to schools. You can also sell directly to parents from a physical or online store.
2. Private Tutoring
You can use the extra hours after school and on your off days to teach students from their homes. Homeschooling students require competent teachers besides their parents to excel in their studies. Organize students in groups and set specific hours every week to coach them. Online programs are an alternative way of offering private lessons. Teaching students online enables you to access a larger number of students and work conveniently from home.
3. Starting an e-Library
An e-Library is an excellent source of passive income. Use your experience and knowledge as a teacher to pick and buy textbooks that are most beneficial to students at all levels of education. Open an online library where students can access the books for a fee. You will need capital to buy the books but you will have students in need of the books every year.
4. Corporate Training
You can use your teaching skills and knowledge to explore part-time job opportunities in the corporate world. Organizations offer training programs to help their employees gain professional skills and improve their performance. The requirements of corporate training are higher than the requirements in any other training programs. You may need to complete a master of education in learning cognition and development program to compete with other professionals in this field.
5. Teaching Languages Online
Many people turn to the internet to learn new languages, including English. You can earn extra cash by teaching your native language online. The internet offers many platforms where you can share your lessons and interact with students. Most of your language students are likely to be adults. Consider pursuing an accredited online MELCD degree to enhance your teaching skills.
Teachers have many writing opportunities to explore, including blogging, e-books, copywriting for websites, and freelance essay writing. You already have the required grammar and communication skills to succeed in writing. Identify one area that interests you and then pursue it. For instance, you can write short stories and e-books on educational issues and market them online.
Some companies outsource their research and surveys to freelance researchers. In this business, you will collect data on a company’s products or services and trade the information for cash. You can actively look for companies that require information on specific topics or trends in their respective industries. You will earn a good income from research services if you can provide accurate data from credible sources.
Your income as a teacher is not limited to your monthly paycheck. You can pursue one or two business ideas besides your teaching job and earn extra income. You may end up earning more from your side businesses.
Maggie Hammond is a retired nurse and freelance writer, exploring and writing in the U.S. in retirement. An advocate for public health and nursing qualifications, she feels passionate about raising awareness of the current strain on public health organizations.