Home » Business » How teachers are making up to 6 figures using their expertise to tap the boom in subscriptions, podcasting, and content production
How teachers are making up to 6 figures using their expertise to tap the boom in subscriptions, podcasting, and content production
As the pandemic forces teachers to rewrite lesson plans and adjust to remote learning, some educators have spotted an opportunity.
Luke Rosa, Phil Black, and Kayse Morris tapped their skill sets to join the creator economy, each finding unique ways to capitalize on rising interest in remote-learning resources.
The three education entrepreneurs offer examples of the ways teachers can monetize their expertise through subscription services, podcasting, and content production.
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In April, the website Teachers Pay Teachers, which educators use to exchange feedback, ask for advice, and purchase learning materials, experienced a 1,400% spike in searches for the phrase "distance learning materials," according to documents reviewed by Business Insider.
As the pandemic spurred the world to find remote alternatives for learning and training of all kinds, enterprising educators have found themselves well-positioned to capitalize on the rising demand for online resources.
"Teachers are expected to rapidly adapt and innovate, often with materials that are out-of-date and not versatile enough to meet today's changing instructional needs," said Teachers Pay Teachers CEO Joe Holland. "Specifically, as teacher demand for digital resources … has skyrocketed in recent months, our teacher-authors have quickly innovated to meet this need."
Indeed, teachers have joined a cohort of professionals who've found a lucrative niche in what's called the "passion economy," which describes an economic landscape where software has made it more accessible for people to charge money for their unique skill sets and try their hand at entrepreneurship.