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10 Ways to Earn Passive Income

A great way to earn extra income as a teacher is to earn passive income. Passive income can come from many different sources, including websites, companies you invest in, or even your own e-books. To help you figure out where to start earning passive income, we’ve put together this list of the top 10 ways to earn passive income while teaching!

1) Create a YouTube Channel

YouTube is also a great place for teachers who want to earn passive income—think about how many of your own teachers have went viral by posting quick video clips demonstrating how to perform some trick or another. By doing so, they bring attention to their channel, which can then be monetized with YouTube advertising.

2) Start an Online Store

Starting an online store can be a great way for teachers to earn passive income. As a teacher, you know that technology is changing our world. You also know that education isn’t immune from these changes. It seems like almost everything is going digital, from textbooks and study guides to worksheets and handouts.

3) Sell Your Crafts on Etsy

If you have a talent for making things—whether it’s sewing, knitting, painting, or even cooking—you can sell your goods on Etsy. While Etsy is mostly known for its handmade goods, it’s actually a great place to sell any type of specialty products you can think of. You can earn money by creating these specialties yourself or by selling stock photos or other digital files that are related to your product line.

4) Start an Online Class

Teaching online is a good way to make some extra money on your own schedule. The great thing about teaching an online class is that you don’t need any experience or training—you can just set up a website, sell some packages, and you’re in business. This can be especially beneficial for teachers who want to make money on their own schedule during summer vacation, for example. Check out sites like Teachable or Thinkific for more information on how to get started!

5) Teach English as a Second Language (ESL)

If you’re not a native English speaker and you want to earn extra money while living in another country, ESL tutoring is a great option. Not only can you make money doing it, but it’s also free to get started and there are opportunities worldwide. You can search for positions on sites like Dave’s ESL Cafe or sign up on one of many freelance websites that specialize in connecting teachers with students (like QKids). There are other options out there as well, such as working at an educational summer camp or teaching conversational English online.

6) Get Paid for Translating Documents

If you speak a foreign language, why not get paid for translating documents? There are plenty of people who need translation services from English into other languages. This can be done from home by using your computer and internet connection. You may also be able to find local businesses that require translation for their websites or for marketing materials. While you won’t make a ton of money doing things online, it is possible to earn a few hundred dollars each month doing translation work online.

7) Write Reviews and Get Paid For It

If you’re a blogger, then you can make money by reviewing products. You can make money at such sites as Amazon and CNET. You can also get paid for giving your opinion about new movies or books. Just remember that if you want cash for opinions, keep them impartial and related to something others would want to know about. And no matter how big or small your audience is, always disclose how you’re being compensated.

8) Have Students Take Lessons at Home

Home is an ideal place for students to learn as they don’t have as many distractions around them. You can teach there during school hours, or you can give them lessons after school or even on weekends. Working with kids and adults with various skill levels at home gives you more control over your schedule and workload. Because of your flexible schedule, you’ll be able to accept more clients than if you worked in a studio setting.

9) Do Freelance Writing and Editing

Freelance writers and editors can make extra cash on sites like Fiverr, Upwork, Freelancer, and more. If you’re fluent in multiple languages or good at writing about certain topics like technology or finance, you have a good chance of making a decent living. Check out Fiverr’s Gigs section for tons of ideas if you’re looking for work or looking to hire people to do things for you.

10) Teach Music Online

New teachers often feel like they have no choice but to wait for a full-time teaching position or a promotion. But there are other, more lucrative alternatives. In fact, one of them is earning money while you sleep. With sites like Upwork, it’s possible to teach music online and earn as much as $20 an hour—meaning you can earn thousands before taxes just by sharing your expertise with students around the world.

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