Teachers are always in demand and they are often underpaid. If you want to make extra money teaching others then you should consider starting a tutoring service. You could offer lessons at home or in local schools.
You could also start a website where you teach students how to do things like math, science, English or even how to play sports. This is a great way to make extra money while helping others.
How Do Teachers Make Passive Income?
If you’re looking for ways that teachers can earn passive income, there are many options available. One of the best ways to generate an additional source of revenue is through online courses. These types of programs allow people who have expertise in certain areas to share their knowledge with other individuals. The beauty of this type of program is that it allows you to work from anywhere as long as you have access to high-speed internet.
The Best Business Ideas For Teachers
Here are some of the best business ideas for teachers:
Become A Tutor
A tutor can charge anywhere from $10-$20 per hour depending on their experience level. They will usually work with children who have learning disabilities such as dyslexia or ADHD. The child’s parents must sign off on any tutors that work with their kids because it is illegal to pay someone else to help your kid learn something.
Online Teacher
An online teacher works remotely via Skype or other video chat programs. These types of jobs allow them to be flexible since there isn’t an office environment. However, this type of job requires more time management skills than most people possess.
Virtual Assistant
A virtual assistant does all kinds of administrative tasks for businesses including bookkeeping, data entry, writing emails, scheduling appointments, etc. VAs typically get paid hourly based upon the number of hours worked weekly.
Transcriptionist
Transcribers transcribe recorded audio/video into written word documents. Most transcriptionists work for companies but many operate independently. Companies may provide training materials so new employees can become certified before being allowed to work independently.
Writing Coach
Writing coaches help writers polish up their manuscripts by providing feedback about grammar, spelling, punctuation, style, organization, content, etc. Many times these services require clients to send through samples of previous writings first.
Selling Lesson Plans
If you know anything about education, you probably already realize that lesson plans aren’t cheap. But if you’re willing to invest the time into creating quality lesson plans, you might find yourself making enough money to quit your day job!
Scholarship Consultant
Many colleges and universities need scholarship consultants to fill out applications for scholarships. Some of those positions include filling out forms, researching financial aid options, contacting alumni, etc. ​
Researcher
Researching information is one of the hardest parts of running a small business. There’s no shortage of websites offering free research tools, however, which means you don’t necessarily need to spend much money to conduct thorough searches.
Editor
Most newspapers hire editors to edit articles submitted by freelance writers. Editing involves proofreading, correcting grammatical errors, adding links, images, formatting, etc. Editors generally earn between $15-25 per article.
​Freelance Writer
There are plenty of sites that advertise freelancing opportunities. Freelancers write everything from press releases to blog posts to web copy. Depending on what kind of writer you are, prices vary widely.
​Blogger
Blogging has exploded in popularity over the past few years. If you enjoy sharing interesting stories and opinions, blogging could be perfect for you. You’ll likely make less than $5 per post, though.
Public Speaker
You’ve seen public speakers at conferences, seminars, conventions, etc. Public speaking is another great way to share knowledge and expertise. The key here is finding ways to connect with audiences who would benefit from hearing what you have to say.
Educational Videos
Videos are becoming increasingly popular as educational resources. They offer students and educators access to high-quality learning material without having to pay exorbitant fees.
​Teacher Resume Builder
Are you looking for a creative outlet? Teaching is a wonderful profession because it allows you to teach others while also helping them learn something valuable. A resume builder will create a professional resume tailored specifically for teaching careers.
Fitness Instructor
Do you love working out? Fitness instructors lead group exercise classes or personal fitness sessions. These jobs often involve traveling around different locations, meeting people, and motivating participants to get moving.
​Personal Trainer
A personal trainer helps individuals achieve specific goals such as losing weight, building muscle mass, improving cardiovascular health, etc. Personal trainers typically charge anywhere from $30-$100 an hour depending on location and experience level.
Swimming Lessons
Want to give swimming lessons but not sure how to go about doing so? Swimming lessons can help children develop basic skills like breathing under water, kicking, turning, floating, etc. It may take some practice before kids become proficient swimmers, but they usually start off very young.
Translation Service
If you speak multiple languages fluently, translation services might be right up your alley. Translation companies translate written documents into other languages. This job requires extensive language training and certification.
Educational Consultant
Aspiring entrepreneurs should consider consulting as a potential career path. Educational consultants work closely with schools and businesses to improve education programs and curricula.
Online Course Sales Business
Have you always wanted to sell online courses? Online course sales businesses allow anyone to set their own hours and choose which products to promote. There’s no need to invest thousands of dollars upfront; all you need is a computer and internet connection.
