7 Sources for Teachers to Earn Passive Income

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Teaching is a rewarding career, rewarding in terms of experience. The national average salary for teachers in India is between Rs.28000 per month. Sometimes it is not enough compared to the effort teachers put in. Nor is it enough to run their expenses. Therefore, it is essential to have passive income sources for teachers. However, teaching is a demanding job, and teachers need to think of ways to generate passive income, that is, earning without much time investment. 

7 Sources for Teachers to Earn Passive Income

Teaching is a rewarding career, rewarding in terms of experience. The national average salary for teachers in India is between Rs.28000 per month. Sometimes it is not enough compared to the effort teachers put in. Nor is it enough to run their expenses. Therefore, it is essential to have passive income sources for teachers. However, teaching is a demanding job, and teachers need to think of ways to generate passive income, that is, earning without much time investment. 

Numerous passive income earning ideas match the skill set of teachers. Here we shall be taking up only the pretty easy ones to implement and get lucrative with time. So without much ado, let’s get started then. 

Blogging

As a subject matter expert, you can share your expertise with the world through your blogs and monetize them to earn a decent passive income. For example, if you are a math teacher, you can answer the most often searched questions on Google in your blog to attract traffic to your blog and then monetize it through affiliate links or Google ads. 

Podcasting 

Podcasting, like blogging, is one of the best passive income ways to earn some additional money. The only difference is that in your blogs, you share your expertise via words; in podcasting, you do that via audio files. For example, if you are a foreign language teacher, you can record and post audio about the pronunciation of different words, their correct usage, most common mistakes, and the like. Like blogging, one needs to be patient since your podcasts will take some time to take off.

YouTube videos

YouTube is numero uno among online passive income ideas. You have expertise in something, and an audience out there wants to learn those skills. You can record your videos teaching those skills and post them on YouTube. But, again, YouTube will not start generating income from day one. You have to clock in 4000 hours of video watch time and should have a minimum of 1000 subscribers to start earning. 

Workshops 

Workshops are the quickest way and best sources of passive income for teachers. For example, if you are a yoga teacher, you can create eight weeks or ten weeks of therapy workshops for different ailments. What’s good is you can schedule these workshops during your school vacations or in the evenings after work. Apart from workshops, you can be creative in generating similar passive income ideas. Sell your expertise in the form of summer camps or short marathon programs at local fairs. In addition, you can take your workshops online and cater to an even larger audience worldwide.

Ebooks 

Ebooks are fast growing in popularity as the best available passive income ways. Today most business houses or coaching institutes that want to grow their business create ebooks to cater to their audience. You can either earn money by creating ebooks for your clients or creating them for yourself. Present your expertise to the world in the form of ebooks and monetize them. You can market your ebook digitally and sell it online through various platforms like Kindle.

3D printing

3D printing doesn’t sound like one of the best passive income sources. It looks like an expensive setup to have. However, this is not the case. One can produce a decent passive earning from it even as a beginner, as long as one is willing to invest some time and effort to learn the art. The 3D printing industry is a new and growing industry making it lucrative as a source of extra income. You can design and sell 3D printed objects, rent your printer for DIY projects, and start your 3D printing tutorial services. The opportunities are many; you need to be creative and cash on these opportunities to create your passive income ideas.

Create and sell courses online 

The online teaching industry is growing by leaps and bounds. Some online passive income ideas include making and selling tiny modules, lesson plans, targeted assessments, or even an entire course, depending on how much time you are ready to invest. Creating and assigning tests and selling courses has never been easier than now. With the help of technology, you can automate your passive income work process. Classplus is one such great help. They will help to get a customized solution to your online course needs. You can record your videos, create lesson plans and assignments, communicate with your customers, and even collect payment on your own coaching app.

A teacher’s life is not easy. With their continuous challenge of managing a whole class, they shouldn’t be going through the challenge of managing their expenses. There are many side income sources for teachers. However, they require a lot of time and effort. But here, we have tried to bring you the best sources of passive income that match your skill set as a teacher. We are sure you can garner more strategies to earn if you connect with Classplus now!