Help me analyze the feasibility of this business idea

[Hewlet]

I was thinking of a possible business/work to start that will still give me the chance to do my online stuff and of all the things I thought of, these two seem to stand out.

1. I'm good in maths and science-related courses and have always loved teaching; my initial plan as a young person was to enter fully into the teaching profession when I grew up. But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world and I'm looking at the possibility of doing a teaching job which is what I'm passionate about and use my remaining free time to focus on my crypto and other online stuff that I'm into. My issue with this is that some schools can be engaging and might not give me breathing space to face other stuff.

2. The other option I'm also considering is that, since I have basic experience in graphics, and also have little tech knowledge, I can start up a computer institute where I will focus on training young teenagers on the foundation of basic computer operation, graphics, some tech-related course and also use the working environment to conduct private lesson for them. My issue with this option is that there are people already using their cafe for computer training in the area where I intend to start this business so my fear is how best I can manage the competition although I have a unique idea that is different from what those existing cafes are doing.

Your little advice will go a long way!

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[knowngunman]

Our advice will have less impact on this issue. You know the condition of yourself and will probably know which one that will work well for you. I will assume myself to be in your shoes and the option that will work well for me here is the first one. I'm currently a teacher in a private school to be precise and in fact, I'm typing while sitting in a class room like this.

Teaching will not in anyway affect your activities online. It depends on how you plan your schedule and follow it. I understand the stress associated with teaching profession but no school will allow you to work for 24hrs in a week be it public or private school. If you are concern about your Forum activity, then I will tell you that it's not a problem at all. As a teacher, you and reading, research and practical will become friends and you can still continue your learning in the forum.

In my school here, activities starts by 7:30am. I wake up everyday except weekend as early as 5am and observe my morning prayers which after I will come online to engage myself on the forum and other social media platforms. I'm living in school staff quarters, so I report my name on time book by that 7:30am. I still come online to check on Forum and other medias when I don't have class. By 2pm, the school is closed and I continue with my normal life. Teaching is not as stress as many people assume, you can do well enough if you know how to plan yourself.

My advice for you, if you are comfortable with the pay that school wants to offer you then you should go for the first option and plan yourself rightly. The second option is also good but it will depend on the environment and the kind of people living in there. Fortunate enough, you already spot the challenges associated with the second option and I guess it will not be the best for you.

[BigBos]

I was thinking of a possible business/work to start that will still give me the chance to do my online stuff and of all the things I thought of, these two seem to stand out.

1. I'm good in maths and science-related courses and have always loved teaching; my initial plan as a young person was to enter fully into the teaching profession when I grew up. But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world and I'm looking at the possibility of doing a teaching job which is what I'm passionate about and use my remaining free time to focus on my crypto and other online stuff that I'm into. My issue with this is that some schools can be engaging and might not give me breathing space to face other stuff.

2. The other option I'm also considering is that, since I have basic experience in graphics, and also have little tech knowledge, I can start up a computer institute where I will focus on training young teenagers on the foundation of basic computer operation, graphics, some tech-related course and also use the working environment to conduct private lesson for them. My issue with this option is that there are people already using their cafe for computer training in the area where I intend to start this business so my fear is how best I can manage the competition although I have a unique idea that is different from what those existing cafes are doing.

Your little advice will go a long way!

Of course, you can't rely on the salary from being a teacher because it's not much. However, a teacher is remembered and appreciated by many people around him. It's nonsense if you are a permanent teacher but don't have free time to do other activities besides teaching, but in my opinion even permanent teachers definitely have free time to do other activities besides teaching, because the salary from the profession of being a teacher is not much and not will be sufficient for ourselves, not to mention if we have our own family to support.

If you have skills in the field of graphics, it's good if you can operate and utilize them well. Nowadays, technology is given priority, especially in large companies that are looking for people who are experts in the field of graphics, because as far as I know, graphic art has a high price, this is why an opportunity for you to utilize your graphic skills. There is no need to be afraid to open a business, if you think like this at first then you will give up before fighting. Nowadays, there are many coffeeshops everywhere, but there are several different groups of people who go to these coffeeshops, the first group of people enter luxury coffeeshops just to fulfill their style even though the menu provided is not delicious, but they sell the concept of a luxurious coffeeshop, even though what they do just order randomly without knowing anything, the second group of people who enter coffee shops are to enjoy coffee who really understand coffee without caring about the place or concept of the coffee shop, but usually people like this prefer simple coffee shops with notes of the coffee they enjoy. Very understandable for coffee connoisseurs

[icalical]

But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world

The part when you say that salary from teaching will not be enough for everyday life is a bit sad actually, I thought it's only happening in my country, yet I am wrong.

I think the first thing you should consider is your current responsibility, do other people like your parent/brother/other family rely on you to make money?

If yes then the first option would be ideal, because if you teach professionally, at least you will get stable income immediately, and as you said you will still got spare time to get side income either from Crypto trading, or you can make video content on social media, or you could join some courses to learn new skills that will get you better salary.

The 2nd option would be ideal if you don't have any responsibility, you just life for yourself. Because starting business is not easy, there is no guarantee when you will actually earn money, you will need to struggle.

[michellee]

You can do both. You can teach as a teacher from morning to afternoon and in the evening you can give private lessons for those who want to have knowledge of technology and things that you are good at. So both can run at once and you can make more money.

There is nothing wrong with becoming a teacher and giving private lessons. You can also focus on investing in crypto because you have two sources of income to start investing in crypto. And both are good choices for you because you can also teach about crypto to your students. That means you open the minds of young people who become their students about the presence of crypto and they will also know about investing in Bitcoin.

Most people always think about the size of their salary when they want to start. That is normal because with that salary we will meet our daily needs. But we have to remember that it's not always about salary but there are other things that you can feel. But it all comes back to you because you are the one who will live it.

[Jawhead999]

1. I don't understand with the part to focus in crypto and online stuff, it's too general. If you mean you want to understand about the coin you want to invest, it's not making money, but you will need to wait until the hype happen or bull run which take year(s).

2. The problem is you didn't break down the skill you have. You need to break down what you can do in graphic or tech, use it as a portfolio. Example you're want to teach how to pick a good color combination, you can explain the way or principle you pick the color, it become better if you can backup your guide with a phenomenal artist's words.

[o48o]

1. I don't understand with the part to focus in crypto and online stuff, it's too general. If you mean you want to understand about the coin you want to invest, it's not making money, but you will need to wait until the hype happen or bull run which take year(s).

2. The problem is you didn't break down the skill you have. You need to break down what you can do in graphic or tech, use it as a portfolio. Example you're want to teach how to pick a good color combination, you can explain the way or principle you pick the color, it become better if you can backup your guide with a phenomenal artist's words.

Op didn't say anything about focusing on teaching about crypto, but that remaining free time he / she could use to focus on his personal crypto hobby/interest/investments or whatever. So he doesn't really explain it as it's a personal free time issue, and to op it definitely can be about making money, as to most of us it is exaclly that.

[Wend]

But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world

The part when you say that salary from teaching will not be enough for everyday life is a bit sad actually, I thought it's only happening in my country, yet I am wrong.

I think this may depend on the area and whether you are an elementary or middle school or college teacher. In my country, many teachers have very low salaries and struggle to take care of their families, even forcing them to find other part-time jobs like what you and the OP mentioned. But besides that, many teachers have quite good income, in addition to income from school, they also open classes at home and have many students come to study. They don't even have time to rest and of course their income is huge.

[DabsPoorVersion]

I was thinking of a possible business/work to start that will still give me the chance to do my online stuff and of all the things I thought of, these two seem to stand out.

1. I'm good in maths and science-related courses and have always loved teaching; my initial plan as a young person was to enter fully into the teaching profession when I grew up. But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world and I'm looking at the possibility of doing a teaching job which is what I'm passionate about and use my remaining free time to focus on my crypto and other online stuff that I'm into. My issue with this is that some schools can be engaging and might not give me breathing space to face other stuff.

2. The other option I'm also considering is that, since I have basic experience in graphics, and also have little tech knowledge, I can start up a computer institute where I will focus on training young teenagers on the foundation of basic computer operation, graphics, some tech-related course and also use the working environment to conduct private lesson for them. My issue with this option is that there are people already using their cafe for computer training in the area where I intend to start this business so my fear is how best I can manage the competition although I have a unique idea that is different from what those existing cafes are doing.

Your little advice will go a long way!

I have a friend, teacher is his profession, also his passion. However, he realized the same situation as you that the salary being a teacher is not enough to provide his needs and his family. He found another source of income as a virtual assistant, of course he get paid higher than being a teacher that's why he focus on that.

What I can only say to you is, you should choose between long term career as a teacher till you retire or use your other experience with possible higher pay as it is about tech. Or maybe it would be better if you can do both until you realize what you want to focus between the two. It will be tiring of course but at least you can learn what you want.

[Coin_trader]

1. I'm good in maths and science-related courses and have always loved teaching; my initial plan as a young person was to enter fully into the teaching profession when I grew up. But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world and I'm looking at the possibility of doing a teaching job which is what I'm passionate about and use my remaining free time to focus on my crypto and other online stuff that I'm into. My issue with this is that some schools can be engaging and might not give me breathing space to face other stuff.

This will be the perfect setup for you. Always choose things that you like which in case teaching. There’s a lot of way to earn more by staying on your career such as pursue higher degree of your profession to get higher salary grade when you apply on high paying  schools in your country or have a side hustle that still related to teaching such as online learning which very popular and in demand especially for people on China, Korea and other country that doesn’t prioritize english while their citizen seek to learn it for global communication.

Last choice is to teach overseas that offers higher salary. There’s a lot to do on your profession to earn more. Don’t sacrifice your fashion to other jobs that doesn’t give you certainty to have decent profit. At least on your profession you are still happy while earning even if it’s a little bit small.

[Poker Player]

Neither option seems to me good enough to tell you to choose that one, nor bad enough to tell you to discard it. In the end there are many specificities that are not in those two paragraphs and problems that you may encounter along the way, that you have to make a decision and see.

It is not a bad idea to start as a teacher in the mornings and then try little by little to set up a business in the afternoons, not only about crypto as you say, but the second option you suggest, you can start taking steps towards it in your free time in the afternoons, on weekends and school vacations. And if not, the cryptocurrency field is quite good. I think that most of us who participate in signature campaigns have a main job and apart from that job the signature campaings, and other sources of income as in my case.

[Jegileman]

1. I'm good in maths and science-related courses and have always loved teaching; my initial plan as a young person was to enter fully into the teaching profession when I grew up. But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world and I'm looking at the possibility of doing a teaching job which is what I'm passionate about and use my remaining free time to focus on my crypto and other online stuff that I'm into. My issue with this is that some schools can be engaging and might not give me breathing space to face other stuff.

Not all schools are so interesting that you will not have time to seek out for other works. Those schools that have such engagements tend to pay a reasonable compensation, however they are difficult to find today. If you are not teaching at a primary school, no matter how interesting the subject, you will only be in school from 8 a.m. to 4 p.m. And you can't take all of the courses; there's also time for vacation, where you'll have ample time to focus on your online work before school resumes.

2. The other option I'm also considering is that, since I have basic experience in graphics, and also have little tech knowledge, I can start up a computer institute where I will focus on training young teenagers on the foundation of basic computer operation, graphics, some tech-related course and also use the working environment to conduct private lesson for them. My issue with this option is that there are people already using their cafe for computer training in the area where I intend to start this business so my fear is how best I can manage the competition although I have a unique idea that is different from what those existing cafes are doing.

Nothing should stop you from beginning this business if you are passionate about it. The rivalry you claim to have in that location is what will push you to do better and come up with new and innovative ideas to compete with the existing businesses. If you're confident in your idea and know that others will support it, you shouldn't have any trouble getting started as soon as possible.

Your little advice will go a long way!

Both options are good, you just have to chose from them the one that will earn you a better profit and will give you more time to explore other opportunities of adding additional source of income.

[rat03gopoh]

2. The other option I'm also considering is that,

Learning office applications isn't difficult these days, and I'm not sure that someone still needs a private mentor considering that there are many free computer lessons on the internet that can be studied independently.

If I were you, I'd choose the first profession for long term income. You have to slowly increase your exposure as a professional so you can determine your own rates according to your living needs or even higher.

[Juse14]

I don't know where you live now, but in some countries teachers' salaries are very small, especially if your status is honorary, where apart from the small salary, salary payments are also often delayed. Indeed, being a teacher is a form of service to the country and a love of science, but still, to be able to fulfill one's needs, one has to use money, not leaves.

And I think this business is suitable for you, because your basis is education, you can start a business by opening computer classes or private lessons. Why do I suggest this.
First, your basic knowledge and abilities are education, so opening a computer class or private tutoring is very suitable for you.
Second, in my opinion, to be able to open private lessons, you don't have to have quite a lot of capital and you don't have to have a special room because the system is done from house to house. Unless you also want to open a computer class, to be able to open this business you must have a special room and must provide computers and other supporting facilities.
Third, talking about time efficiency, you can easily manage your own time and it won't interfere with your online activities because you yourself make the tutoring schedule.
Fourthly, talking about profits, of course holding private lessons is very profitable because for one meeting it can reach 10 - 15 USD/person and the more clients you have, the more your income will be.

[Yamane_Keto]

Given the currently available data, we cannot tell you that it is a good idea or not, but I think that you will need a strong and advanced marketing team for that, so why not provide free explanations on YouTube, through which you can earn many free views, which means free promotion for you. This free promotion will contribute positively to You will obtain a good reputation, which means free profits, if you conduct these paid courses and give certificates proving this.
Learning a programming language and freelancing online will contribute to enhancing your business model instead of trying to find a new job that will often be equal to or less in salary than the previous job.

[justdimin]

Of course, you can't rely on the salary from being a teacher because it's not much. However, a teacher is remembered and appreciated by many people around him. It's nonsense if you are a permanent teacher but don't have free time to do other activities besides teaching, but in my opinion even permanent teachers definitely have free time to do other activities besides teaching, because the salary from the profession of being a teacher is not much and not will be sufficient for ourselves, not to mention if we have our own family to support.

That is the reason why some people become a teacher, they want to be able to change lives of some of the kids they teach and it definitely is a great deal without a doubt if they can actually do it.

However, it is also a shame that being a teacher that wants to shape the future of a nation ends up being so lowly paid, it is not really fair because we are depending on these teachers to make sure that our future generations are better than how we were, and most of the time those teachers are having financial troubles and how could a person who has their own troubles end up making sure that others are doing fine. So, a teacher that gets paid very little do not really end up making better generations and education system usually fails most people.

[Flexystar]

If you love teaching then man you got many options available. There are pre-made platforms where teachers can enrol and deliver online lectures to the all kinds of subjects they want.  The payment is also enormous based on your skill level and delivery method. Now one of the platform that I know is chegg. This is one of the popular platform with lot of intake since they are global platform. You can try that out with part time job opportunities.

Moreover, if you are not willing to work under anyone then you can simply go for creating your own courses and modules in a recorded digital media. This can be published on various digital platforms with paid subscription or rentals.

If you don’t like that either then you can simply go for live streaming classes or YouTube videos. People are hungry for knowledge, if its free then they would be more than happy to subscribe you. That can generate you handsome amount of money. The ways are many but you need to focus on only one of them.

[jeha2015]

But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world

The part when you say that salary from teaching will not be enough for everyday life is a bit sad actually, I thought it's only happening in my country, yet I am wrong.

I think this may depend on the area and whether you are an elementary or middle school or college teacher. In my country, many teachers have very low salaries and struggle to take care of their families, even forcing them to find other part-time jobs like what you and the OP mentioned. But besides that, many teachers have quite good income, in addition to income from school, they also open classes at home and have many students come to study. They don't even have time to rest and of course their income is huge.

In my country, teacher salaries are also low, so many teachers have to make money on the side by doing business, there are also those who sell online and quite a few are now taking advantage of developing technology such as YouTube, Facebook and TikTok. to become a content creator.

This is very different from developed countries where teacher salaries are the second highest after doctors and paramedics. Yes, in my country. The second lowest number is like disrespecting teachers. So this is the fate of the nation's children who do not give birth to intelligent people. The government should set teacher salaries because one of the reasons why great people are born is also because there are teachers who educate and teach. So we hope that in the future teacher performance will be increasingly appreciated. Sorry I vented, I talked like this. Coincidentally, my older brother is a high school teacher, he also earns extra income by giving private lessons and selling online too.

[Captain Corporate]

I would say that you could do both all at the same time. How could you do that? Well its going to be hard, and its going to take a long long time, and it may not even work, maybe you would fail and there is no shame in that at all, many people fail at doing online business, but at least you could give it a try. This is the idea, you like to teach people some basic stuff right? How about using something like Udemy, or a similar place, or even youtube for that matter which would mean its free but you would become youtube, to give these lessons? You could put up some amazing animations, and learn how to do graphics along the way, since you already know to a level, you would be able to do even better stuff, and that way you would teach kids whatever you want them to learn. It could be graphics, it could be math, it could be anything you want to teach them. You could do weekly videos, like one math per week and one graphics per week, so 2 videos a week, and considering how much topic there are on these subjects, you could literally make videos until you die, and there would be hundreds of videos on your channel, people could search thow to learn something and your videos may pop up. So I think online teaching would be much better path for you. Meanwhile, if you ever make money with it, then you could spend your free time trading, since all of this would be done at home, you could stay at home and during your free time keep trading as well.

[Twentyonepaylots]

Well you can try making courses to field that your good at, since you are passionate about teaching this might the way for you. I have heard making courses online generates good money. The only thing that may be a problem is your approach, since you don't have any experience yet try to take courses first and study how they approach their audiences and listeners. Also make a good connection wth your audiences, make it fun and interesting. You can also use your graphic skills here so you can make attractive visuals and designs for your courses. I advise to stick with technology, explore ideas where most people don't really think is important.