How To Make Money Teaching Online In 2020?


Everybody loves money, and we love it more when that comes from something we love to do.

If you are great at teaching people “How to solve a problem“, then Teaching online is one of the best ways to generate some extra cash.

You can teach people anything, or could write some well-explained answers about a topic and earn online.

You can teach online languages such as English, Spanish or any elementary subjects like math, etc.

These are the online services that help you earn some extra cash sitting at home.

Teaching online is one of the best jobs to do in the comfort of your home. It is also one of the cool ways to generate passive income. (Earn money, when you sleep)

Sound’s Amazing, Right?  

You too can earn money, Just stick to this article for a curated list of Platforms, you could use to make money online by teaching & guiding people.

(Interested in making money freelancing online ? Check Best 5 Sites For Freelancing Online )

Let’s get started,

Chegg 

Chegg has been the leader in the industry for many years now and is one of the best tutoring platforms available in the market today. 

Chegg is so simple, that you can earn money for answering academic questions.

There are a lot of domains available for you to choose from such as EngineeringBusinessScienceMathematicsHealthcareEarth Sciences.

You can enroll in Expert Q& A on Chegg, and work at your convenience.

You can work at your convenience, at your own time. Payout is given for every correct question answered on the platform.

Also, You get to enhance your knowledge by answering quality questions.

How to enroll?

  • Sign Up & Fill the registration details 
  • Clear online Subject and Guidelines test.
  • After passing the test, You have to submit basic documents.
  • Verification of documents takes up to 10 days.
  • You are now an “Expert”, Start answering questions.

Payout structure

Chegg has a per question rate based on the domain you have chosen.

It ranges from 65 INR to 189 INR per Question.

Payments are processed through NEFT Bank transfer by 15th of Every month for the correct answers submitted in the last month between 1st-31st.

How much can you earn?

There is no upper limit to earnings on Chegg, since the more number of questions you solve, the more money you make.

Top-rated experts on Chegg, make about 1 Lac per month.

Udemy

Udemy is an online marketplace for users all over the world. Home to approximately 100,000 classes, Udemy allows instructors to record video courses and sell them to interested students of all ages.

If you have great exposure to technology and are an expert in your domain. Udemy is the place for you. 

You can easily earn by making courses and teaching students “How to do stuff“.

You will be paid for every student that enrolls in your course. Isn’t that super simple?

There is no prior teaching experience required for teaching at Udemy. 

How to enroll?

  • Sign Up as an Udemy instructor (Fill details)
  • You have to plan your course. Just outline your course lectures in Google Docs, Microsoft Excel, or your favorite notebook
  • Record a video of your course and submit it to the team. (Udemy support will help, in case you face difficulties )
  • Build your community on udemy. 

How much can you earn?

At Udemy, There is too no upper limit to your earnings, the more students enroll in your courses, the more you will earn.

Some of the most successful courses on udemy have earned thousands of dollars.  

(PS: Udemy can be considered as one of the most reliable sources of passive income, Once you develop a quality course, Your content will be there for long on udemy)

Payout structure

Your earning potential depends on the quality of content you make & the demand for it.

Udemy allows you to set a price on your course, Some courses are free or cost as little as $1, while others cost hundreds.

All Udemy instructors are contracted with the U.S.-based Udemy, Inc. Udemy pays instructors through PayPal and Payoneer.

Payout usually happens in 3 phases:

  • In the First month – When a student purchases your course, money is transferred to udemy.
  • In First Month & Second Month; If any student asks for refunds, refunds are processed in this month.
  • In the Third Month: Udemy pays instructor [(Total First Month student payments – total refunds) x % revenue share]

Revenue Share: Udemy has a revenue share overview for much more details here

Youtube

Youtube is the house of content. A large number of people on youtube are earning by teaching online, on their Youtube Channels.

It is so simple, to earn money on youtube. (Provided you deliver quality content to your audience).

You don’t need any teaching experience, to get started. The only thing you need is to devote yourself to creating value for your audience.

Earning on youtube depends on the topic you are teaching about and the demand for it. 

You will earn good money if your content is helping people.

How to enroll?

  • You just need a Google account, (Sign up for a google account here if you don’t have one).
  • Think of a Niche to get started (Niche is any domain, you want to teach about)
  • Create a Youtube Channel & Post Quality Content Frequently.
  •  Build Your audience, by helping people.

How much can you earn?

Earning potential on youtube is all about the content you deliver. If your videos are helping people in their daily life, you will earn good money out of it.

Since youtube is flooded with videos, You need to establish yourself as an expert on youtube, By using Simple & lucid language, People will have more clarity on the topic you are teaching, hence engagement increases between you & your audience.

Google-owned youtube does consider a lot of parameters when releasing payments, More subscribers will add more views to your videos, while comments & likes will express engagement.

The more you engage people, the more traffic you will have on your youtube channel.

Once you have a great audience, you can earn through affiliate marketing as well, ( Just link to a relevant service, a course in your youtube channel, and people will certainly follow your recommendations, leaving you earning commissions)

Payout structure

Payments are received every month, for that you have to link your youtube channel to the AdSense account. 

Your earnings are usually generated by ad impressions (monetizing video), affiliate commissions.

Eligibility for AdSense :

  • You should have at least 1000 subscribers to your channel.
  • Your channel should have completed at least 4000 watch hours.

You many find youtube a very good option to earn money when you have great content to deliver.

Vedantu

Vedantu is India’s leading Online tutoring company which enables students to learn LIVE with some of India’s best-curated teachers. Vedantu`s USP is its quality of teachers. 

It has some 500+ teachers who have taught more than 1 Million hours to 40,000+ students spread across 1000+ cities from 30+ countries.

Vedantu can be considered as an alternative to Chegg. It is one of the best platforms to teach academic topics, preparations for certain exams, etc.

Being a tutor at Vedantu, you have full control of your schedule. You can teach in your free time. Vedantu has a great community, which helps you to share your knowledge among others.

You don’t have to pay any fees to get listed as a tutor, and you have the right to set your teaching price as per the given standards and change the same periodically at Vedantu.

How to enroll?

Vedantu follows a very different approach to hiring tutors, hence if you do great in their test, you will be welcomed on board.

 1. Register yourself as a teacher (Filling details in a simple form).

2. Initial Screen Test – Vedantu evaluates your profile based on these test scores.

 3. Teaching Demo – Once you pass the test, you have to give a teaching demo to their experts.

 4. Once you pass the demo, You will be given Training. (In a webinar)

 5. Once your training is over, you will be listed as a tutor on their site, and you will get your first online session with the student.

How much can you earn?

Vedantu pays their tutor’s good money in return for their service. Tutors on Vedantu can easily earn 25000 per month @ 4h/day, and if you work hard, you can earn about 75000, being a full-time tutor.

Payout structure

Payouts’ depends on the following factors :

  • Grade and Board of the student
  • Model: One to One or One to Few (small groups of 3–6)
  • Teacher selected

Pricing per hour can vary from 100 INR to 700 INR, ( It is solely dependent on the hours you put in ).

Conclusion

Teaching online is one of the finest things to do to earn some extra cash. Using any of the above platforms, You don’t need to opt-out of your current career and become a tutor.) 

You can use your knowledge, to teach people to solve problems. All at the comfort of your home.

What other platform do you use to earn some extra cash? 

I would love to hear all about them in the comments section.

Thanks for reading, Share if you find helpful. 🙂

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