10 Passive income Ideas for online teachers - By Nancy Taylor
Transcript
| 00:0-1 | Hello everyone . It is nancy taylor here from Hey | |
| 00:01 | nancy taylor dot com . And on this channel you | |
| 00:04 | will see videos about teaching online , growing your brand | |
| 00:06 | and becoming the best version of you and we talk | |
| 00:09 | a lot about your teacher business and today I'm going | |
| 00:12 | to be going over 10 different sources of passive income | |
| 00:16 | for online teachers . You can grab the guide for | |
| 00:18 | this passive income streams , but with no further ado | |
| 00:21 | , let's get into all of them . What is | |
| 00:22 | passive income first of all , passive income is when | |
| 00:24 | you are making money , when you aren't currently like | |
| 00:27 | on the clock . I'm not live training someone maybe | |
| 00:30 | teaching someone . I wake up from nice slumber and | |
| 00:34 | I see that there's $20 my Paypal account , $100.1000 | |
| 00:38 | dollars . Whatever it may be , passive income is | |
| 00:41 | money that's coming in from a system you've set up | |
| 00:43 | or that you've already created . You've done the work | |
| 00:45 | ahead of time and then it comes in as you're | |
| 00:48 | not actively working . Okay . I separated these in | |
| 00:51 | the category . So the first one is for online | |
| 00:54 | teaching . So number one , the first form of | |
| 00:56 | passive income would be to recruit for an online company | |
| 01:00 | . Now if you're saying wait , I still have | |
| 01:02 | to coach them . I have to walk in through | |
| 01:03 | the application process . Yes , But you could also | |
| 01:06 | make this an automated recruiting system . It could be | |
| 01:10 | automated and passive . So imagine this . I have | |
| 01:13 | a free blog or I have a Youtube video . | |
| 01:16 | I'll teach you my Youtube channel that I use . | |
| 01:17 | I have a Youtube video from the Youtube video . | |
| 01:20 | They see that I have a free guide where they | |
| 01:22 | can get hired for a specific company . They get | |
| 01:24 | the free guide there now on my email list . | |
| 01:26 | Now they're on my email list . I send an | |
| 01:28 | automated email that says , do you have a coach | |
| 01:31 | ? If not , here's my referral code . Once | |
| 01:33 | you use this , then we will send you our | |
| 01:35 | resources . Now . Either you or your team member | |
| 01:38 | would send them a link to a website that has | |
| 01:40 | all the trainings in order . It's like a mini | |
| 01:42 | course that walks them through teaching online and for that | |
| 01:45 | specific company now you could offer life coaching , you | |
| 01:47 | could set yourself apart from the others that are recruiting | |
| 01:51 | for that company by doing something above and beyond . | |
| 01:53 | Just know that automatically someone is using your referral code | |
| 01:56 | , you'll see people go through the entire system . | |
| 01:59 | Like I never talked to them , they use my | |
| 02:01 | referral code and grab my freebie and use all my | |
| 02:03 | resources . And they may be did not need your | |
| 02:06 | help , like specific help because you gave it to | |
| 02:08 | them in your website , in your system . Now | |
| 02:10 | , that doesn't mean that that model works for everyone | |
| 02:13 | , but you could most definitely make passive income recruiting | |
| 02:16 | for an online company . Number two would be to | |
| 02:18 | create a flex class on out school . So if | |
| 02:21 | you are an out school teacher , these flex classes | |
| 02:23 | allow you to instruct the students that cannot show up | |
| 02:25 | for your lifetime . So basically it's like you have | |
| 02:28 | a digital course for your students on out school . | |
| 02:30 | Now , why is it nice to do on a | |
| 02:32 | platform ? Because it's a marketplace , there's already students | |
| 02:35 | there . Maybe you already have an established niche or | |
| 02:37 | an established student base . So you most definitely could | |
| 02:39 | offer a flex class which is passive income . You | |
| 02:42 | put the work in your record , you create the | |
| 02:44 | materials and the training and then your students show up | |
| 02:47 | on their time . Category . Number two is digital | |
| 02:49 | products . Number three . Source of passive income would | |
| 02:52 | be to sell a digital product . So you can | |
| 02:54 | sell this on T . P . T . Teachers | |
| 02:56 | pay teachers , you could sell it on Etsy , | |
| 02:59 | you can sell a digital product on your own platform | |
| 03:02 | . So those are both marketplaces . You can sell | |
| 03:03 | on your own platforms such as Shopify . Or maybe | |
| 03:06 | you have a website where you sell digital products . | |
| 03:09 | Maybe you have it connected to a Wordpress website , | |
| 03:11 | however you have it set up . Either its marketplace | |
| 03:14 | bring customers and help me out here or my own | |
| 03:17 | . I bring all my own traffic . You can | |
| 03:19 | sell a digital product . Keep in mind if it's | |
| 03:22 | on a marketplace usually they take a percentage . But | |
| 03:24 | also if you do not have a large audience or | |
| 03:26 | can't generate the traffic to your own platform , that | |
| 03:29 | could be a really good place to start . I | |
| 03:31 | have a lot of students that will do both an | |
| 03:32 | Etsy shop and a Shopify and build both of them | |
| 03:35 | and then maybe just only go into the Shopify once | |
| 03:38 | they built that traffic , usually with a Youtube channel | |
| 03:41 | to that platform number four is you could sell a | |
| 03:44 | workshop or a training . Now the first time you | |
| 03:47 | do your workshop , maybe you have 20 people you | |
| 03:49 | want , that's the cap that can sign up for | |
| 03:51 | this workshop . It teaches a specific skill to a | |
| 03:54 | specific audience and you might do it live first , | |
| 03:57 | it might be on zoom and they just sign up | |
| 03:59 | for it . They purchase it for whatever you choose | |
| 04:01 | the price to be maybe a beta price at the | |
| 04:04 | beginning 5 $10 and then it's 20 plus for them | |
| 04:07 | to show up for this group workshop and for your | |
| 04:09 | workshop you can record that training and then sell that | |
| 04:13 | training . You could record that training and have it | |
| 04:15 | be like an entry level product . So that's a | |
| 04:17 | digital training . So let's say that I teach Youtubers | |
| 04:20 | how to find their niche . That could be a | |
| 04:22 | specific digital training , like a workshop that you can | |
| 04:25 | purchase and watch on your own time . So it's | |
| 04:27 | already been recorded the resources that have already been made | |
| 04:30 | and it gets you a result for a specific audience | |
| 04:32 | seeking a specific solution to a specific problem . I've | |
| 04:36 | had many students that have launched their own workshops and | |
| 04:39 | I've loved love the results , they're making $500 a | |
| 04:43 | day doing a workshop versus if they were to teach | |
| 04:46 | for that amount of time with just one student of | |
| 04:49 | their own , that could be $8 . So just | |
| 04:51 | think of what are the possibilities of this passive income | |
| 04:55 | that can happen if I have an established brand of | |
| 04:58 | my own number five with their digital products is to | |
| 05:02 | sell a digital course . Now you can start on | |
| 05:05 | a platform , you can start with the mini course | |
| 05:07 | , let's say that you have an audience , you | |
| 05:09 | have a specific niche , you have a specific problem | |
| 05:11 | to solve for your audience that you can sell in | |
| 05:13 | a mini course . Or maybe you want to go | |
| 05:15 | for a big signature course . Now with your course | |
| 05:17 | you can start on a platform , kind of like | |
| 05:19 | the e commerce or not , e commerce , the | |
| 05:22 | digital products where we talked about the marketplace , you | |
| 05:24 | could start on a platform that helps you to market | |
| 05:27 | your digital course . So this could be teachable , | |
| 05:30 | it could be you , to me , it could | |
| 05:31 | be skill share these all help to generate traffic for | |
| 05:34 | your course . Now the platform that we use in | |
| 05:37 | our business is caja b that's where we drive all | |
| 05:39 | the traffic there . I love this platform and it | |
| 05:43 | works really well because it's my websites , my email | |
| 05:45 | us , it's all of it , but it's really | |
| 05:46 | good at being a digital course platform . There's also | |
| 05:49 | think if IQ that's another platform podia I've also heard | |
| 05:53 | of memorable , but I love asking others what platform | |
| 05:56 | do you use for your course ? How do you | |
| 05:58 | like it ? What's the budget like ? Because all | |
| 06:00 | of us are a different levels in our journey . | |
| 06:02 | In building passive income . Maybe were the beginning of | |
| 06:04 | building a brand ? Maybe we're more established and are | |
| 06:07 | able to invest in a platform where we can generate | |
| 06:09 | our own traffic . It's all part of the journey | |
| 06:11 | , but don't think that you have to have made | |
| 06:13 | it or have so many people following you to be | |
| 06:15 | able to launch a digital course . Now , if | |
| 06:17 | you're wondering how many people do I need to make | |
| 06:20 | this worth my time to crank this ? I would | |
| 06:21 | first start with an email list And work for 500 | |
| 06:25 | to 1000 people on that email us to launch a | |
| 06:28 | real solid digital course . And that doesn't mean you | |
| 06:30 | can't launch a mini course or something a little bit | |
| 06:33 | smaller , more affordable or a smaller price tag to | |
| 06:36 | it . You couldn't launch that to a smaller audience | |
| 06:38 | or with no email list and you're really active in | |
| 06:40 | your facebook page or you're really active on your instagram | |
| 06:42 | , you can still sell a product before you feel | |
| 06:45 | ready . That's how you learn . I thought you | |
| 06:47 | learn what your audience needs , You just go for | |
| 06:50 | it , go for it . Number six is you | |
| 06:52 | could sell a membership . So this is recurring payment | |
| 06:55 | from your clients or customers or students . So what | |
| 06:59 | can I offer this membership is a huge amount of | |
| 07:01 | pressure . No , you just need to discover who | |
| 07:04 | you serve and what their specific need is . So | |
| 07:08 | for example in my business we sell a digital course | |
| 07:11 | that teaches teachers how to build a brand with Youtube | |
| 07:14 | and then we offer a membership to only the students | |
| 07:18 | because they have the foundation . They have our exact | |
| 07:21 | formula and our exact system that we teach and we | |
| 07:24 | added coaching for a membership price . They can join | |
| 07:27 | the membership and get group coaching . They can also | |
| 07:29 | set up for one on one coaching . It's just | |
| 07:31 | a really great tool for them to get access to | |
| 07:34 | coaching for an affordable price after they have done the | |
| 07:37 | course . Now you can set yours up as only | |
| 07:40 | a membership . You join the membership and they get | |
| 07:42 | access to training materials . Maybe you do weekly group | |
| 07:45 | coaching or weekly Q . And A . Maybe you | |
| 07:47 | have a weekly resource that you drop . It depends | |
| 07:49 | on your specific niche and what they need and how | |
| 07:52 | do you figure that out ? You spend time with | |
| 07:54 | them ? You go and ask them . You go | |
| 07:55 | into groups and forums and read their questions and see | |
| 07:58 | what do they need ? What is this one thing | |
| 08:00 | I don't need to offer more stuff and make them | |
| 08:02 | have more things to do , consume more content . | |
| 08:05 | No , your membership is to cut down time . | |
| 08:07 | Give them resources that allow them to get where they | |
| 08:10 | want to go , quicker to have less stress to | |
| 08:12 | have the results be so excited and so happy about | |
| 08:15 | the results because you gave them a tool to help | |
| 08:18 | them not to give them more things to do . | |
| 08:20 | Category number three . And our final category on passive | |
| 08:24 | income is affiliate marketing . One of my favorites because | |
| 08:28 | it's really nice when you pick one or two platforms | |
| 08:30 | companies courses that you love and you promote them and | |
| 08:33 | share them with your audience . You are able to | |
| 08:36 | share something that you're already passionate about and then also | |
| 08:39 | make a commission off of it . So you're already | |
| 08:41 | sharing it with people . Why not share an affiliate | |
| 08:43 | link and also earn a commission and even go further | |
| 08:46 | and offer coaching for them . Offer a bonus for | |
| 08:48 | them , offer something that you can offer for free | |
| 08:50 | because you're making a commission off of them using your | |
| 08:53 | referral . Your affiliate link number seven is you could | |
| 08:56 | be an affiliate for International Open Academy . Now they | |
| 08:59 | have a T . Cell , a certified T . | |
| 09:00 | Cell . So this works really well for online teachers | |
| 09:03 | . If it's required to join an online company and | |
| 09:05 | they need a T . Cell , why not have | |
| 09:07 | an affiliate link , not only for the online company | |
| 09:09 | but also with International Open Academy . They also have | |
| 09:12 | other programs . And my big suggestion here go through | |
| 09:15 | their course , see what you like . So you | |
| 09:17 | can really offer coaching and feedback . You don't want | |
| 09:20 | to just refer because you're going to make a chunk | |
| 09:22 | of change . You're the trust of your audience . | |
| 09:25 | Would you recommend it to your own mother ? Make | |
| 09:27 | sure that it's something that you truly are passionate about | |
| 09:30 | and that you would recommend to those that are closest | |
| 09:32 | to you and that's how you share them and do | |
| 09:34 | a good job with it . Number eight is you | |
| 09:36 | could share an affiliate link for a course you have | |
| 09:38 | taken . And if you're like , I'm not sure | |
| 09:40 | if they have an affiliate programme . Have you asked | |
| 09:42 | if you've taken a course to learn a specific skill | |
| 09:44 | ? Maybe you're learning about Pinterest and you took this | |
| 09:46 | course and you loved it And you write an email | |
| 09:48 | to them and say , do you have an affiliate | |
| 09:49 | program ? I want to tell everyone about this . | |
| 09:51 | I have a lot of people that could really benefit | |
| 09:53 | from this within this community that I serve and help | |
| 09:56 | . You can ask for an affiliate link and make | |
| 09:58 | sure that you promote programs that you've taken , that | |
| 10:01 | you love that you're passionate about that . You have | |
| 10:03 | done the research ahead of time , not just that | |
| 10:05 | you make a good chunk of money , but that | |
| 10:07 | also is important to make sure it's worth your time | |
| 10:09 | . Number nine is you could be an affiliate for | |
| 10:12 | amazon . Now . A lot of my students will | |
| 10:14 | say , when should I get my amazon associates link | |
| 10:16 | ? Because if you don't have so much traffic going | |
| 10:19 | to those links , they can take it away . | |
| 10:20 | I would say start with them . I mean why | |
| 10:22 | not , why not See if it works if you | |
| 10:24 | have a teacher classroom and you have products on amazon | |
| 10:27 | that you recommend they use your affiliate link and you | |
| 10:29 | get a percentage now . Just keep in mind with | |
| 10:31 | amazon associates with being affiliate for amazon it's a pretty | |
| 10:35 | small percentage . You have to have a lot of | |
| 10:36 | traffic for it to generate a large source of income | |
| 10:40 | . I would say that it probably brings maybe 50 | |
| 10:42 | to $100 a month for our company for our brand | |
| 10:45 | . So it's not a huge source of income . | |
| 10:46 | However , if I'm already sharing the products like a | |
| 10:49 | camera I use or equipment , it's really helpful . | |
| 10:52 | Now if your channel was all about equipment and you | |
| 10:54 | only did reviews for products on amazon and we're able | |
| 10:57 | to really become an authority and generate a lot of | |
| 10:59 | traffic to that . It could be a really good | |
| 11:01 | source of income but just keep that in mind that | |
| 11:03 | it's a smaller percentage on commission . Number 10 is | |
| 11:06 | you could be an affiliate for other links . I | |
| 11:08 | have it linked in that guide specific ones . I | |
| 11:11 | will put some notes below with timestamps on what these | |
| 11:15 | are . I have listed commission junction share a cell | |
| 11:18 | and reward style . So those are three that our | |
| 11:21 | affiliate programs where you can find products and share them | |
| 11:24 | and then you can earn a commission off of sharing | |
| 11:26 | them . So if you're building a brand and you're | |
| 11:28 | thinking how could I monetize this ? It could be | |
| 11:31 | by sharing affiliate links . All right guys . The | |
| 11:33 | final thing is as you are learning about these passive | |
| 11:35 | income streams and understanding how to put them into practice | |
| 11:38 | . Make sure that you don't try and do all | |
| 11:40 | of them at once . Pick one go all in | |
| 11:43 | , learn how to do it , See if it's | |
| 11:44 | something that you really love and are passionate about do | |
| 11:46 | your research and then dive all in , go all | |
| 11:49 | in on it . But make sure that you're not | |
| 11:50 | trying to do all the things you don't want to | |
| 11:53 | do , all the things you dilute your progress and | |
| 11:55 | also you're gonna get really frustrated because there's too much | |
| 11:58 | , there's too many things that you could do and | |
| 12:00 | spend your time doing . So pick one , Simplify | |
| 12:02 | it and you're going to see much better results by | |
| 12:05 | just picking one and focusing in on that . Thanks | |
| 12:07 | for joining me for these passive income streams . Make | |
| 12:09 | sure that you do grab that free guide . It | |
| 12:11 | has all of them spell out . I have the | |
| 12:13 | specific links to , to where you can set these | |
| 12:15 | systems up for yourself in your own brand . So | |
| 12:18 | again this is specific for those building a teacher brand | |
| 12:21 | and if you have not yet started your teacher brand | |
| 12:24 | , I teach specifically how to do that on Youtube | |
| 12:27 | and I have a free training link below its 60 | |
| 12:31 | minutes . So like you gotta be serious about this | |
| 12:33 | to dedicate 60 minutes of your time to this training | |
| 12:36 | . I haven't linked in the description box as well | |
| 12:38 | as I will comment below if it is a good | |
| 12:40 | fit for you if you want to build this brand | |
| 12:42 | and start generating a community , building traffic and building | |
| 12:47 | an authority within a specific niche . If that's calling | |
| 12:50 | your name , you're saying yes , I would love | |
| 12:52 | to do these passive income streams . But how do | |
| 12:54 | I get people to them ? How do I generate | |
| 12:56 | that traffic ? This is your answer . Go ahead | |
| 12:58 | and check out that free training below . All right | |
| 13:00 | guys , I hope you choose to be happy and | |
| 13:02 | make sure that you don't forget that you got this | |
| 13:05 | . I'll see you guys later . Mhm . Yeah | |
| 00:0-1 | . |
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10 Passive income Ideas for online teachers is a free educational video by Nancy Taylor.
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