As a teacher, you can do lots of things during your free time to earn money. Here are 9 profitable business ideas for teachers worth considering.
Pursuing a teaching career brings numerous benefits, such as having a considerable amount of spare time. After all, school work schedules usually comprise fixed timetables, leaving teachers with extra time during the evenings and the weekends.
How can you make the most out of your free time if you are a teacher? Well, one thing you can do is start a part-time business. Consider the following 9 profitable business ideas ideal for teachers:
1. Business Plan Writing Service
As the name suggests, this activity involves writing business plans for different companies and organizations. As a writer, you need to do in-depth research about the company in question, then write a detailed business plan.
Writing business plans for companies can earn you up to a 6-figure revenue per year. And the more you offer these services, the more skills you will gain, such that you will be able to offer consulting services with time.
2. Copywriting Business
If you have a passion for writing, you can choose to start your own copywriting agency. You could then hire freelance writers; these are paid an average rate of $24.24 per hour. And as the owner of the agency, you can expect to earn up to $95,000 annually.
This is an excellent business idea for teachers to be well-versed in English. However, note that you do not need to be an English teacher to pursue this career. Also, you need not worry about having a tiny budget; with the help of a small business loan, you can find enough starting capital to operate an agency.
3. Proofreader Business
As a teacher, you have learned how to pay attention to details. Therefore, you can do a pretty good job as a proofreader. However, keep in mind that proofreading is different from being an editor. While an editor reviews what message the writer or client wants to communicate, a proofreader checks the grammar, word usage, and any punctuation or spelling mistakes.
4. Translation Agency
How many languages can you speak? If you are educated in more than one language, you can offer translation services during your free time. For example, you can request clients to help them translate different documents or even avail yourself physically to assist in communication with foreigners.
5. Home Tutoring Business
You can start a home tutoring business, regardless of where you are currently teaching or as a former teacher. Also, you can choose to teach online, or invite students to direct, one-on-one interaction. The good thing about this business is that you choose your ideal hourly rate and work at your preferred time.
6. Music Lessons Business
If you are a music teacher and can play one or more musical instruments, this is the ideal part-time job. You can offer private music lessons for several hours a week, say every day after school or during the weekends. Most music instructors charge an hourly rate of $30-$60.
7. Real Estate Brokerage
Real estate brokers earn up to $100,000 a year. However, before establishing your own real estate brokerage, you can start off by working as a real estate agent. Then, after spending a considerable amount of time in the field, you can apply for your broker’s license and begin your own brokerage.
8. Babysitting Business
Who said a teacher cannot offer babysitting services? Most teachers enjoy the company of kids and know just how to connect and communicate with them. These skills make them the ideal candidates for babysitting services. As a babysitter, you can earn a minimum hourly wage of $13.97.
If you’re a teacher who enjoys the company of children and can connect children and their parents comfortably, owning a babysitting service could prove to be a profitable business venture.
Waterparks and amusement parks are popular vacation spots in all countries. And as a teacher, you obviously have a better connection with families and children. So take advantage of this, and start a waterpark. Even if you have a tight budget, get yourself the ideal capital to start the business and make huge profits when schools close.
As a teacher, the last thing you want to do is take your free time for granted. But, like they say, ‘time is money.” The above-discussed 9 profitable business ideas for teachers explain how you can time your precious free time into money. So, find the activity that suits you the most, and get started with it today!