{"id":36594,"date":"2023-11-22T19:35:01","date_gmt":"2023-11-22T19:35:01","guid":{"rendered":"https:\/\/isafespend.com\/news\/41-year-old-teachers-kitchen-table-side-hustle-brings-in-10400-a-month-when-i-dont-work-the-sales-still-come-in\/"},"modified":"2023-11-22T19:35:03","modified_gmt":"2023-11-22T19:35:03","slug":"41-year-old-teachers-kitchen-table-side-hustle-brings-in-10400-a-month-when-i-dont-work-the-sales-still-come-in","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=36594","title":{"rendered":"41-year-old teacher\u2019s \u2018kitchen table\u2019 side hustle brings in $10,400 a month: When I don\u2019t work, \u2018the sales still come in\u2019"},"content":{"rendered":"
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Eight years ago, kindergarten teacher Becky Powell was growing restless on maternity leave.<\/p>\n

A friend suggested she use her son’s naptime to make some extra cash, and pointed her toward an educational resource platform called Teachers Pay Teachers. There, Powell started making worksheets for her fellow teachers to buy and download, working largely from her couch or “kitchen table,” she says.<\/p>\n

Teachers Pay Teachers is an Etsy-style marketplace for educational worksheets, activities and lesson plans across just about every grade level and subject matter. Powell’s store, called Sight Word Activities, specializes in teaching literacy to kindergarteners, first-graders and other young students.<\/p>\n

At first, revenue was slow. But within a couple of weeks, Powell started earning enough to cover small bills around the house. After four months, she made enough to pay off her and her husband’s monthly student loan payments.<\/p>\n

Don’t miss: <\/strong><\/em>21-year-old spent $300 to start his sticker side hustle\u2014now it brings in up to $38,000 a day: I was \u2018unprepared\u2019 to go viral<\/strong><\/em><\/p>\n

Over the years, the 10-hour-per-week gig became a six-figure hustle that Powell and her husband Jerome run together. Last year, Powell’s Teachers Pay Teachers store brought in $125,500, or just over $10,400 per month, according to documents reviewed by CNBC Make It.<\/p>\n

Her husband, a full-time computer engineer, manages another store on the platform called Editable Activities\u00a0that brings in roughly $50,000 per year.<\/p>\n

“I have worksheets that I created eight years ago that still yield thousands [of dollars] in passive income every year,” says Powell, 41, who lives in Beaverton, Oregon. “Even when I find myself not able to create … the sales still come in.”<\/p>\n

Here’s how Powell and her husband grew their side hustle, and what they’re able to do with their extra cash.<\/p>\n<\/div>\n

Turning classroom materials into Disneyland trips<\/h2>\n
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Powell’s classroom is the perfect lab for her small business, she says. She can identify what concepts students struggle with, create worksheets as teaching aids and test-drive the ideas with her kindergarteners before selling them online.<\/p>\n

“I call my students my clients,” says Powell, with a laugh.<\/p>\n<\/div>\n

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The Powells say they’ve used their side hustle earnings to pay off their student loans and take their two sons to Disneyland.<\/p>\n

Becky Powell<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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After Powell made $21,000 in her first year on Teachers Pay Teachers, she recruited Jerome \u2014 no relation to the chair of the Federal Reserve \u2014 to help her build a presence on the platform. Together, they focused her store around her knack for teaching children to sight-read.<\/p>\n

He also showed her how to study the platform’s searches, so she could see which worksheets were trending and integrate buzzy keywords into her profile, she says: “He’d always tell me, ‘Do you know where the best place is to hide a dead body? On the third page of search results.'”<\/p>\n

After seeing her success, Jerome launched his own Teachers Pay Teachers store selling customizable PDF worksheets in 2019, Powell says. The couple’s tax consultant recommended they combine their businesses to form an S-Corp, which they did in 2021 \u2014 meaning their seller profiles remain separate, but the money all flows to the same place.<\/p>\n

Some sellers on the platform only keep 50% of their sales. Powell and her husband are “premium sellers” who each pay an annual $59.95 subscription fee to keep 80% of their sales as profit. When teaching gets hectic, Powell scales back her side hustle work \u2014 ramping it up again during the summers to financially get ahead of the school year’s unpredictability, she says.<\/p>\n

Together, the couple uses their extra cash “for boring things, like paying down our mortgage. We also paid off our student loans,” says Powell. “But we also took our [sons] to Disneyland, and the two of us went to Aruba. That’s something we spent the money on to be frivolous.”<\/p>\n

DON’T MISS: Want to be smarter and more successful with your money, work & life?\u00a0<\/strong><\/em>Sign up for our new newsletter!<\/strong><\/em><\/p>\n

Get <\/em>CNBC’s free Warren Buffett Guide to Investing<\/em>, which distills the billionaire’s No. 1 best piece of advice for regular investors, do’s and don’ts, and three key investing principles into a clear and simple guidebook.<\/em><\/p>\n<\/div>\n

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Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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