How to Get Rich as a Teacher? (29 Proven Ways in 2022)

How to Get Rich as a Teacher? (29 Proven Ways in 2022)

Are you a teacher who is looking to get rich? If so, you're in luck! There are many ways to become wealthy as a teacher.

This blog post will discuss the best ways to make money as a teacher. So, whether you are just starting out in your career or have been working as a teacher for many years, read on for some valuable tips on getting rich!

1. Start an educational blog ($1.1K/month)

How Much Can You Make?
$1,100 — $5,000/month
Average Initial Investment
$1,686
Skills
Business model

Case Study

Hey! I’m Pete, I live in Scotland and I started No CS Degree. It’s a website a lot like Starter Story where I interview self-taught web developers that don’t have a Computer Science degree but have still made successful startups or found well-paying jobs. I was working in bookies before but someone threatened to stab my boss, so I thought I better quit and make a website instead!

The main ways I monetize the website are by getting coding boot camps to sponsor articles featuring their successful students and by having developers with tech products to sponsor my newsletter. I’ve gone from lows of a few hundred dollars to earning over $2,500 in one month. Overall the average monthly revenue is $1,100. I also have a job board for self-taught web developers and a boot camp directory where you can find the best coding boot camps. I’m working on combining those two with the main No CS Degree website.

how-i-started-a-1k-month-blog-and-newsletter-sharing-stories-from-self-taught-developers

2. Start a human resource recruitment agency

A recruitment agency is a company that finds people looking for candidates and matches them with job vacancies on behalf of the employer.

When a company enlists the services of a recruitment agency, it pays the recruiting consultancy a fee to cover the initial search for candidates. Recruitment agencies have become popular because of their potential to access the best job-seekers and because they save companies time, helping them fill positions faster.

To start a recruitment agency, choose an area of expertise, create a recruitment agency where job seekers can submit their CVs and advertise or market your services to companies.

How Much Can You Make?
$1,816,666/month
Average Initial Investment
$1,250
Skills

Case Study

Debbie McGrath is the CEO and creator of HR.com. The world's largest social networking and resource site for human resource professionals to help recruit quality individuals.

The company's online social community provides its members with access to shared knowledge on practices, trends, and industry news to help them develop their people, as well as articles, case studies, newsletters, surveys, and discussion forums that help Human Resources (HR) professionals find the right candidate for their client companies.

The platform also provides webinars that allow users to keep up with different HR trends and needs.

HR.com is trusted by over 110,000 HR professionals for education, career development, and compliance: 5,900+ courses and tips in the HR Genius on-demand training library and 400+ webcasts every year.

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Listen to the full podcast on podpage.com ➜

3. Start a reviews and rating app business

How Much Can You Make?
$710 — $3,500,000/month
Skills

Case Study

I’m Gaurav and I created reviewflowz, with my co-founder, Axel. Reviewflowz is a Slack bot that allows any SaaS business to get notified each time it receives a new online review

Today, reviewflowz is only 3 months old, bringing in about $200USD per month in revenues. We are starting to see some real traction in terms of getting feedback from the users, activity on our platform but we are still in a very nascent stage when it comes to achieving product-market fit.

we-built-launched-monetized-a-slack-bot-in-3-weeks

4. Start a proofreading service ($1.2K/month)

How Much Can You Make?
Skills

Case Study

I’m Sara Davies, founder of Prooftheword, a complete editing and proofreading site that gives customers the ultimate editing service for any document. I’m a sole trader, so I work alone. All the editing and proofreading is done by me, along with everything else. I sort out my invoices, do my own accounts, file my own tax returns – everything.

My editing skills are excellent, which is my main selling point. People come to me because they know I will do a great job! I have a wide range of customers, from students to book writers and regular magazines. My work has grown over the years and, while I’m not making millions, I regularly take home around £1,200 a month.

how-i-started-a-1-2k-month-editing-and-proofreading-service

5. Start a youtube channel

For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.

In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube`s popularity to earn an extra income.

If you are looking to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.

How Much Can You Make?
$800 — $4,500,000/month
Average Initial Investment
$1,966
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

I am Chhavi, the founder and owner of the blog and YouTube channel Mrs Daaku Studio along with my husband Amit.

Our blog, YouTube channel, and products are designed to help you achieve what we have (...and, more).

how-this-couple-makes-5k-month-generating-content-about-ways-to-make-money-online

6. Start a website designer

How Much Can You Make?
$2,500 — $100,000/month
Skills

Case Study

My name is Aunia Kahn. I am the CEO of Rise Visible, a full-service digital marketing agency. Our mission is to assist small businesses and entrepreneurs to rise above and become visible in their industry.

my-journey-building-a-6-figure-business-as-a-disabled-woman-in-tech

7. Start an amazon kindle publishing business ($120K/month)

Are you a writer looking for a way to grow your career? Kindle direct publishing is amazon’s e-book self-publishing platform where readers purchase eBooks or print-on-demand books. KDP is one of the top self-publishing companies and currently dominates the self-publishing book market.

Publishing your books on KDP is easy, especially for writers who find traditional publishing overwhelming. If you are an author, you can upload your book files directly, and it will appear as an eBook for readers to purchase and download instantly.

How Much Can You Make?
$120,000/month
Average Initial Investment
$10,000
Skills

Case Study

My name is Dave Chesson and I’m the founder of Kindlepreneur, a website devoted to help and teach authors how to self-publish, and market their books on Amazon and other online stores.

I’m also a 7x bestselling author and when I’m not working on the above, I’m also a consultant to multiple publishing companies and NYT bestselling authors.

how-i-created-a-120k-month-book-marketing-software

8. Start an e-book publishing business

How Much Can You Make?
$2,000 — $800,000/month
Skills

Case Study

My name is Erin Mooney and I run MadeUrban, a blog for small business owners selling handmade products. My audience sells their crafts through craft shows, Etsy, a website, and/or retailers. I provide them with advice for each step they must take along the way. And I like to do so in an easy-to-understand and easy-to-follow way, with outside-the-box concepts they haven’t already read about on hundreds of other blogs.

As events start to open back up in 2021, and with a slight pivot to my strategy, I’m almost back to what my average monthly revenue was pre-Covid, and I currently earn between $5000 - $8000 per month.

i-turned-a-failing-startup-idea-into-a-successful-e-book-business

9. Start a baking YouTube channel

Do you have a passion for baking? Do you know that you can create a baking channel and earn money selling your recipes and videos online?

Ideally, a baking YouTube channel involves recording the process of preparing baked foods, teaching your audience how to mix the ingredients, and also taking them through the entire process.

When you gain subscribers and watch hours on your channel, you can monetize the videos or allow YouTube to put ads on them. With the baking videos channel, your potential to earn money depends on the ad format, the ads appearing while content is playing and price of the advert featured, and other YouTube set factors.

To create a successful baking video sales business, you need to work on some skills before you can launch the channel:

  • Basic baking techniques
  • Teaching skills
  • Analytical and problem-solving skills
  • Filming and video editing skills

Once you have acquired those skills and you are set to start, follow these steps to start your baking video sales business:

  • Watch example YouTube cooking shows
  • Figure out the best approach that works for your schedule
  • Create recipes, film and edit
  • Create a storyboard for each show before filming
  • Create a social media profile to promote the channel

10. Start an online course creation business

If you are looking for a passive income, starting an online course could be perfect. Whatever your background, there is something you could start teaching online and earn a passive income. All you need to start an online course is patience, imagination, and an enabling eLearning platform where you can connect with the relevant audience.

Online courses may take time and require a lot of effort to start selling. However, once your audience finds the content resourceful, they start sharing and recommending it through their network. Remember, creating an online course could take longer than you expect, hence the reason to remain focused and give your best.

How Much Can You Make?
$1,666,666/month
Skills

Case Study

Shaan Patel is the founder and CEO of Prep Expert, a test preparation platform that provides online SAT and ACT prep courses.

He founded the firm from his dorm room eight years ago with just $900 left over from his undergraduate scholarships.

His SAT and ACT prep classes, books, and licensed items have already brought more than $20 million in sales. In 2016, he pitched Prep Expert on ABC's "Shark Tank" and secured an investment from billionaire entrepreneur Mark Cuban.

He spent no money on marketing during the first five years of starting Prep Expert. Despite this, the company's sales doubled yearly based on word-of-mouth marketing.

The SAT prep classes offered by Prep Expert increased the students' SAT scores by hundreds of points. As a result, parents would refer it to other parents, enabling this company to grow quickly and for free.

When he first founded Prep Expert, Patel approached the local TV station about doing a piece on SAT preparation suggestions for parents and kids. He moved from having no clients to having several when the television interview aired.

Patel attributes his entrepreneurial success to self-control and never giving up.

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11. Start a ghostwriting business

How Much Can You Make?
$1,500 — $41,000/month
Skills

Case Study

My name is Brian Rouff and I started a writing business called Mister Words. (My wife jokingly calls me that anyway, so I figured I’d put the name to good use.)

Although my business is still a side hustle after more than 15 years – my day job is running a marketing/PR firm in Las Vegas – I will be turning it into my main gig over the next 12 months. Currently, I’m bringing in revenues averaging $1,500/month, but the potential is for much more than that.

this-year-i-m-going-full-time-on-my-ghostwriting-side-hustle

12. Start an art and crafts business

How Much Can You Make?
$10,000 — $416,000/month
Skills

Case Study

My name is Laurie Nickerson and I and the co-owner of Puppet Pelts. At Puppet Pelts, we manufacture and sell hand dyed fabric used for puppet skins to professional puppet builders around the world.

Our Pelts are made from a textile that is really only used for puppets. It is a wonderfully stretchy nylon fleece fabric that is milled in the United States. We buy the fabric in white and dye it a bunch of colors to sell to our customers.

growing-to-9-000-month-selling-hard-to-find-puppet-fabric

13. Start a resume writing service ($14K/month)

Resumes and cover letters have become an integral part of the hiring process. Besides, job marketing is getting tight and more people are looking for employment. If you have a good resume and cover letter writing skills, you can capitalize on your knowledge and earn good money. You can offer both a personal consultation service and create paid downloadable templates to create different revenue streams.

How Much Can You Make?
$2,000 — $42,857/month
Average Initial Investment
$35
Time To Revenue
180 days
Time Commitment Per Week
Min. 8 hours/week
Skills
Interests
Business model

Case Study

Hi everyone! My name is Alex Benjamin, founder of Recruiter Written. We are a resume and LinkedIn profile writing service that provides our clients with an extraordinary advantage in the job market.

how-i-started-a-profitable-resume-writing-side-project

14. Start an amazon reseller business

An Amazon reseller sources products at wholesale prices and sells them on Amazon. To start an Amazon reseller business, choose a low-competition product. Low competition products offer a great way to establish your brand as a leader in particular product categories.

To grow your business, ensure high-profit margin products, as selling only the low-profit margin products can curtail your business growth.

How Much Can You Make?
$3,000 — $60,000/month
Skills

Case Study

Hello! I’m Craig, I’m a 34-year-old Dad to 3 young boys and I live in the UK.

This is a photo of where it all began once I had quit my day job and rented desk space in April 2016:

how-i-built-a-six-figure-amazon-fba-business

15. Start a white label e-commerce service

White label eCommerce is an unbranded virtual store platform ready to use and can also be resold to other brands.

Ideally, the white label eCommerce allows agencies and freelancers to outsource a ready-to-use eCommerce store, brand it, and sell it to a client.

Therefore, the agency or freelancer does not need to hire a coding expert or wait for weeks to have the virtual store platform ready. Instead, they buy the unbranded virtual store, apply a bit of tweaking and sell it to the clients.

16. Start a resume writing business ($3K/month)

The resume writing business is a service that helps job applicants write professional resumes and provide details about their past experiences, and to highlight their skills. Resume writing makes it easier for clients to capture hiring managers' attention and show on paper they are fully qualified.

A successful resume writer should have strong communication skills, proofreading skills, typing skills, and relevant business experience. Besides, the resume writer should have strong interpersonal skills and proven success.

According to glassdoor, 68% of job seekers who hire professional resume writers find a job within 90 days. The study also points out that professionally written resumes score jobs faster and earn more.

Therefore, the demand for professional resume writing business will keep increasing.

How Much Can You Make?
$2,000 — $42,857/month
Average Initial Investment
$50,017
Skills

Case Study

Over the last two years, I doubled my income from these site hustles with last year earning over $30,000.

how-i-make-30k-year-on-the-side-writing-resumes

17. Start an online course creation software

Online learning has shown significant growth over the past decade. As more people opt to learn online, the demand for online course creation software keeps rising. If you are interested in starting a software business, you may consider building an online course platform. Ensure your platform supports the needs of modern learners and tutors.

How Much Can You Make?
$175,000/month
Average Initial Investment
$10,000
Skills

Case Study

By positioning our platform to capture an unloved market segment, we’ve seen customer growth >100% YoY in our 5 years since launch. We’ve now had over 1,000 businesses sign up to our platform, and 90% of our new customers are training online for the first time.

we-built-a-2m-year-online-team-training-tool-from-australia

18. Start an affiliate marketing business ($290K/month)

Are you looking for a side hustle that will pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long-term. It is a way to earn money online by promoting other companies’ products and services. You will be paid a commission for each sale you make as an affiliate marketer.

To get started, learn how to find the right product and find the right brand to partner with. You may prefer becoming an affiliate marketer for an eCommerce store or partner with a manufacturer, and market their products for a commission.

How Much Can You Make?
$500 — $500,000/month
Average Initial Investment
$38,575
Skills

Case Study

My name is Spencer Mecham. In 2016 I first heard about an industry called affiliate marketing and in 2017 I founded Buildapreneur, an affiliate business.

my-affiliate-marketing-business-earns-500k-year-profit-no-employees

19. Become an affiliate marketer

How Much Can You Make?
$40,000 — $75,000/month
Average Initial Investment
$150
Skills

Case Study

Hello! My name is Michelle Schroeder-Gardner, and I run Making Sense of Cents, a personal finance and lifestyle website that helps readers earn more, save more, and live more.

I earn around $100,000 a month from Making Sense of Cents and have made over $5,000,000 from it over the years. Much of it is profit, as my expenses are extremely low. I am the only full-time employee of my business, but I do outsource some work. I have a virtual assistant, an editor, and a technical manager.

how-i-started-a-100k-month-blog-about-personal-finance

20. Start a teacher resources platform ($10K/month)

How Much Can You Make?
$10,000/month
Skills

Case Study

My name is Jade, but my students call me Teacher Jade. I have two businesses that were founded from “ah-ha” moments. My primary business is an online academy that offers courses to youth ages 8-18. From the success of that business, I started my second business which teaches anyone how to teach classes online.

That was my first “ah-ha” moment. I went from teaching online as a side job and earning a couple of hundred dollars a month to becoming a five-figure a month online teacher and I was working way less than my full-time contract hours.

how-i-went-from-part-time-tutor-to-making-120k-year-selling-online-courses

More business ideas

  • 21. Start an eteaching business
  • 22. Start an audiobooks business
  • 23. Start an educational app development business

24. Become an e-commerce web page developer

Global eCommerce sales are expected to reach over $6 trillion in the next few years. The market growth is because of the increased number of merchants following consumer demand online.

Online stores are popping up daily, with an estimated 12-24 million eCommerce sites across the globe.
If you are wondering how to build a profitable business within the eCommerce industry, consider becoming an eCommerce webpage developer.

eCommerce web developers play a critical role in ensuring potential customers can easily navigate eCommerce stores, find what they are looking for, and checkout easily and safely. To become an eCommerce platform developer, you must have the capability to:

  • Design your eCommerce storefront to be both functional and beautiful
  • Make it easy for customers to find what they want, whether through filtering options like size, color, or price
  • Help eCommerce platform owners decide which features work best with the rest of the website content

Average Initial Investment
$20
Skills

More business ideas

  • 25. Become a homeschool teacher
  • 26. Start a rent out extra space
  • 27. Start a public speaking instruction business
  • 28. Start a conference room rental
  • 29. Start a dividend investing business

Frequently asked questions

Can you get rich as a teacher?

If you're a teacher, you're probably not in it for the money. But that doesn't mean you can't get rich. The easiest way to build real wealth as a teacher is to start your own business. Maybe one of the ones we listed in the business ideas list a bit above.

How to get rich as a teacher?

First, invest in yourself. Get an education and specialize in a field that pays well.

Second, think outside the box. There are many opportunities for a teacher to make money.

Third, be creative and entrepreneurial. Start your own business or find ways to monetize your skills and knowledge.

By following these tips, you can become a wealthy lawyer and enjoy the good life!

Conclusion

A teacher can get rich by becoming a teacher entrepreneur.

There are many opportunities for teachers to start their businesses and become wealthy.

Teachers can create their products or services or provide consulting services to other professionals in their field.

Teachers who are successful in business have several things in common, including a willingness to take risks, an entrepreneurial mindset, and a dedication to excellence.

Pat Walls,  Founder of Starter Story
Want to find more ideas that make money?

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meet the author
Ales Wilk

Hi, I'm Ales. I love creating content that helps people - whether it's through my work as Head of Content at Starter Story or my own portfolio of content sites.