14 min

3 Types of Earning For Side Hustlin' Teachers Teacher Blog Academy by Side Hustle Teachers

    • Marketing

The term side hustle can mean different things to different people, and even different things at different points in your life. So today, we are going to dig into all of those different definitions and in what situation you might use to decide which side hustle is for you.  
What is a side hustle?  In some cases it might be just anything you do that brings in extra money. In my mind, I have always thought of a side hustle as something that is more within your own control. So a business that you run or a side gig that you are in complete control of. There are different types of side hustles and different situations might make you more interested in a certain type. 
People Who Need Money Now You can’t wait, you’re behind on your bills, and you just need money now. A side hustle would be something along the lines of driving for Uber, delivering for Instacart, or something along those lines. You could even get a second job. You would have a second employer and you would get paid through a regular paycheck system. 
Pros
You get money pretty quickly It tends to be low stress (or at least lower stress than teaching) Some flexibility (especially with Uber or Instacart) because you are setting your own hours. Your boss will usually be pretty flexible and allow you to work around your family and primary job as well  Cons
Very unlikely you will ever replace your teaching salary or get to your long time goals by doing one of these side hustles They are a bandaid, or temporary fix to an immediate problem They tend to have lower pay They are pretty unsustainable because if you are working 60 hours a week as a teacher (which is what they say the average is) and you are trying to work a second job on top of that, you will hit a wall.  This is not something I would suggest if your strategy is something long term. If you are looking to create something that will help you retire early, but it is something that is available to you if you need money now. 
You don’t need money right this second It’s a more pressing matter than a long term play. You need it pretty soon. In this case, you are looking at something like Outschool or VIPKid as really good options. They’re not instant money, you have to be approved to teach for them. You have to have classes approved for them. It is a process so it usually takes a couple months. You also have to build up a following of people who actually take your classes, which takes a little bit longer as well. 
Pros
They are very flexible You set your own hours Your earnings are dependent on you- how many classes you offer and what you charge for them They’re designed for teachers. If you are going to teach for Outschool, and you are already a teacher, you have a leg up on the platform. You have totally got this!  Cons
Your earnings are capped. You can only teach so many classes. And while you do set your own rates, there is a normative center for what people charge on Outschool, and if you go much over that, people aren’t going to take your classes no matter how good you are.  You are still trading time for money. Even though it is flexible and you have freedom, you are still at the mercy of someone else to create income for you. That’s not to say you’re not always, because you eventually have to sell something. But when it comes to these side hustles, if you are not physically present in your class, or don’t physically create the work for a flex class, then you are not going to make any money.  It’s not really scalable. It is dependent on you being there, doing the work. You can’t pass it off to somebody else, and you can’t really scale beyond a certain point.  You Have Long Term Money Goals You want to buy a house, you want to pay for your children’s college, or perhaps an early retirement. The situation is different, because in this case you want to build a sustainable, scalable business. Something like Side Hustle Teachers, or like what you have heard

The term side hustle can mean different things to different people, and even different things at different points in your life. So today, we are going to dig into all of those different definitions and in what situation you might use to decide which side hustle is for you.  
What is a side hustle?  In some cases it might be just anything you do that brings in extra money. In my mind, I have always thought of a side hustle as something that is more within your own control. So a business that you run or a side gig that you are in complete control of. There are different types of side hustles and different situations might make you more interested in a certain type. 
People Who Need Money Now You can’t wait, you’re behind on your bills, and you just need money now. A side hustle would be something along the lines of driving for Uber, delivering for Instacart, or something along those lines. You could even get a second job. You would have a second employer and you would get paid through a regular paycheck system. 
Pros
You get money pretty quickly It tends to be low stress (or at least lower stress than teaching) Some flexibility (especially with Uber or Instacart) because you are setting your own hours. Your boss will usually be pretty flexible and allow you to work around your family and primary job as well  Cons
Very unlikely you will ever replace your teaching salary or get to your long time goals by doing one of these side hustles They are a bandaid, or temporary fix to an immediate problem They tend to have lower pay They are pretty unsustainable because if you are working 60 hours a week as a teacher (which is what they say the average is) and you are trying to work a second job on top of that, you will hit a wall.  This is not something I would suggest if your strategy is something long term. If you are looking to create something that will help you retire early, but it is something that is available to you if you need money now. 
You don’t need money right this second It’s a more pressing matter than a long term play. You need it pretty soon. In this case, you are looking at something like Outschool or VIPKid as really good options. They’re not instant money, you have to be approved to teach for them. You have to have classes approved for them. It is a process so it usually takes a couple months. You also have to build up a following of people who actually take your classes, which takes a little bit longer as well. 
Pros
They are very flexible You set your own hours Your earnings are dependent on you- how many classes you offer and what you charge for them They’re designed for teachers. If you are going to teach for Outschool, and you are already a teacher, you have a leg up on the platform. You have totally got this!  Cons
Your earnings are capped. You can only teach so many classes. And while you do set your own rates, there is a normative center for what people charge on Outschool, and if you go much over that, people aren’t going to take your classes no matter how good you are.  You are still trading time for money. Even though it is flexible and you have freedom, you are still at the mercy of someone else to create income for you. That’s not to say you’re not always, because you eventually have to sell something. But when it comes to these side hustles, if you are not physically present in your class, or don’t physically create the work for a flex class, then you are not going to make any money.  It’s not really scalable. It is dependent on you being there, doing the work. You can’t pass it off to somebody else, and you can’t really scale beyond a certain point.  You Have Long Term Money Goals You want to buy a house, you want to pay for your children’s college, or perhaps an early retirement. The situation is different, because in this case you want to build a sustainable, scalable business. Something like Side Hustle Teachers, or like what you have heard

14 min