How to Make Money

How to Make $24/Hour Teaching English Classes Online

by John Preston
Contributor

Good Idea: use your talents to sell a product and earn a little extra money.

Big Problem: you don’t think you have any marketable talents.

Didn’t you know that everyone has a talent? It’s true and I can prove it. Do you know how to speak your native language? You do? Great! You can earn money teaching it.

Globalization is flattening the world so that cultures all over the world can communicate with each other and share ideas. However, if you want to be a part of it, language is still barrier.

There’s a world full of people looking to break into the opportunity of globalization, but they’ll need a language teacher first. If you know how to speak a language, you qualify for this freelance job…

Becoming a Language Teacher is Easy

There are plenty of ways to become a language teacher, but not all ways are preferable.

English speakers are in high demand in Asia. Traditionally, Asian companies transplant teachers from their native countries and install them in Asia for face-to-face instruction. It’s expensive for Asian companies and makes recruiting teachers more complicated. However, the internet offers the opportunity for virtual classrooms and instruction. That’s the idea behind italki.

Italki is an online language marketplace that offers virtual classroom space for freelance teachers and students. Anyone can offer lessons or take classes. The best part is that teachers can earn income and students can find low-cost lessons.

How Teaching Through italki Works

It couldn’t be easier:

  1. You register through the site for free
  2. Set up a curriculum
  3. Set your own teaching rate
  4. Kick back and wait for students

Italki not only puts teachers and students together, they also have a vast number of online language resources. It helps get consumer traffic to the marketplace for you and all for free.

But, I Only Speak English!

The good news for language entrepreneurs is that you often don’t need to speak a second language, just a native language. Any beginning student would need someone that is bilingual, but advanced students simply need a native speaker to work on correct word usage, accent and cultural understanding. Advanced students can already understand your language. They just need a native speaker to listen to or help explain complex intricacies of language. It may sound simple to you, but pluralizing goose and geese isn’t as easy for a foreign speaker.

A quick look at most teaching prices show that many charge about $12/half hour. Not a bad rate of pay for talking to someone for 30 minutes. I may never talk for free again!

Good luck Penny Hoarders!

by John Preston
Contributor for The Penny Hoarder

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