Online Home Businesses: An Overview of What it Takes for Success



Introductiononline home businesses

I DO know that you are teacher, but I have NO idea if you've ever considered starting an online home business.

Lots of teachers are doing exactly that.

For example, there are over 1,100,000 teachers who have registered as buyers and/or sellers on the Teachers Pay Teachers website. More information about TpT follows a little further down this page.

Tens of thousands of teachers (including myself) have chosen to establish their own online business.

And, it's really no wonder.

After all, we can earn a supplemental income, set our own working hours, connect with people who are like-minded, and have fun in the process!

Once we've checked into work at HOME, we are our own bosses--no administrators peering over our shoulders, no lesson plans to crank out, and no piles of unending papers to grade.

If we can do it, YOU can do it.

The purpose of this page and the other pages grouped under the "Tools for Making Online Money" category of the navigation buttons at the left is EXACTLY that--how to start and grow your own online home business and make a profit.

If you are interested in this topic (and I would assume that since you're reading about it now that you are), I have a suggestion.

Although you're entirely free to read the pages in this section in any order that you please, I think it would make more sense if you were to read them sequentially.

How I Got into Thisonline home businesses

If you are a regular visitor to Daily Teaching Tools, you know that I'm not the sort of guy that prattles on and on about himself. That's not what I'm all about it.

So, I will make this as brief as possible.

Online home businesses were in their adolescence back in 1997 when I first launched Write All About It!

I had spent so much time, effort, and attention to detail that by the time I was done and satisfied with the results, I was at a loss as to what to do next.

Yes, I finally had a product that was ready for sale.

But, now what? How would I get it out for sale? I knew it would have to involve the internet, but beyond that, I didn't have a clue.

In the haste to get my product out on the web, I proceeded to make a series of hasty, misinformed decisions.

I ended up partnering with a now defunct outfit whose name, quite frankly, escapes me. They provided server space for my software, minimal advertising, and credit card payment processing services.

This outfit required an up-front setup fee and an annual maintenance fee. In addition, they kept 15% of each sale as a commission. Although sales went rather well, I decided to try a less costly strategy.

Had I known about Teachers Pay Teachers at the time, that would have been a better course of action.

Teachers Pay Teachers

TpT's mission is to empower teachers by bringing together those who create curricula with those who are seeking fresh new approaches in the classroom.

They cater to both buyers and sellers, and when you register you are able to do both.

Teachers Pay Teachers by the Numbers:

  • 40,000 free resources
  • 250,000 products
  • 1,100,000 registered users
  • 50 million page views per month
  • Over $10 million in teacher earnings

They offer two levels of seller memberships, basic and premium.

The basic membership is FREE, but they keep 40% of your gross sales, and you have to pay the transaction fees.

Premium membership costs $59.95 annually, and they only keep 15% of your gross sales with no additional transaction fees.

This may be a solution for you for a while, particularly if you have products you would like to sell--sets of worksheets, unit and lesson plans, flashcards, student activities, and so forth.

However, most of the products offered on Teachers Pay Teachers are priced at $10 or less.

If you're a premium member paying five dollars a month in membership fees and $1.50 is withheld on each product purchase, you're going to have to sell at least one $10 product per month to show a profit of $3.50.

If you're offering at least one superior product priced at $10 each, how many of them what you have to sell in order to earn a $100 profit in one month?

I'm not a math teacher.

But, I'm sure you'll agree with me here that even if you DID sell that many products in one month, it's certainly not going to be time to quit your day job.

Are there other more lucrative options?

Of course there are!

A Little More of My Story

In my case, I launched Daily Teaching Tools back in October of 2010 because I had ideas and resources to share with you and your colleagues. Because I was temporarily out of the classroom, I felt the need to reconnect with something I love.

The business aspect of this site was actually an afterthought.

After I had developed several marketable products and the traffic to Daily Teaching Tools began to grow, I decided to feature those products right here on my own website.

And thanks to you and our fellow colleagues , the results have been very pleasing!

You may be thinking, "That's fine for you, but I don't have any products to sell!"

You DON'T HAVE TO HAVE any products to sell--you can sell other people's products FOR THEM. Plus, as an online home business owner, you will have loads of additional ways for establishing your own lucrative income stream.

Conclusion

Building a successful online home business requires loads of time and effort. You get out of it EXACTLY what you put into it.

All you need is an idea to build a website around, a willingness to put in a lot of hard work, and a commitment to pursue your objectives relentlessly.

In spite of what hordes of people and companies lurking in the dark corners of the internet will tell you, there is no get-rich-quick scheme out there that will actually work.

That's because that's precisely what they are.

They're schemes.

Although some of them are surprisingly sophisticated, it's usually not too difficult to spot the majority of the schemers and scammers.

And, that's the topic of the next page:
Be Wary of Scams.

Return to Daily Teaching Tools from Online Home Businesses: Overview



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