Hello, friends. Welcome back to the CEO teacher podcast back to school season is in full swing here in South Georgia.
My kids go back to school tomorrow as I'm recording this video today is August the eighth.
So it has been a busy season of back to school supplies back to school shopping haircuts.
You name it. We've done it and to be honest, I am mentally overwhelmed, although I'm no longer in the classroom.
I still help teachers and this is one of our busiest times of year as well.
And so yeah, it's just been a season, a season of struggle and I'm ready to see the other side.
So today's episode is all about how to say yes to you this entire school season because it's so
important that you put you first mentally, physically, emotionally, and I want to show you just some
ways that you can do that this back to school season and really this school season in general.
You know, millionaires have an average of seven streams of income.
And although you're super busy right now, I hope to plant a little seed in your head that will help you
think of some other ways you can put you first and add some extra streams of revenue as a teacher.
If you don't already have any residual or passive income or at least a plan for residual income,
you're living a very risky life.
There is no security in just one job, even a high paying one.
Be smart and don't rely on just one source of income.
I like to say it's not a great idea to put all of your eggs in one basket.
So stick around. I want to show you how we scatter our eggs in different baskets so we can
sleep like babies over here. And I hope that today's episode will teach you exactly how to say
yes to you this school season.
Hey teachers, welcome to your home away from the classroom.
Whether you are a full-time educator just getting started and thinking about the possibilities
to advance past your current day scale or you're a seasoned CEO teacher looking for extra
strategies to make money online, you're in the right place.
No impressive tech skills or marketing experience necessary.
Just the passion and desire to transform your life by doing what you love.
Leaning in to your unique teaching magic.
I'm Casey Morris, a former 8th grade ELA teacher myself,
Mama-to-5 teacher marketing expert.
And while I am the visionary behind the CEO teacher movement,
this amazing community is continually being built by you.
One beautiful dream at a time.
Coming your way every Wednesday as an extra credit bonus exclusively for teachers,
welcome to the CEO teacher podcast.
Teachers, this is a secret we've been hiding for years.
And it's finally time that we get to share it with you.
Look, you could probably throw a flare pin and hit an online business coach right now.
So the question of the hour of the minute of the day of the year is,
why should you place your trust in me, right?
Or maybe I should be asking why should people place their trust in you?
That's because teachers support other teachers.
And it's exactly what we do here at the CEO teacher.
And we are finally delivering on our biggest promise to help teachers make their worth in
the fastest way possible like never before.
I'm talking replacing your teaching salary in less than a year.
What if I told you that you are mere steps away from that life?
Here's a fun fact for you.
Teachers are in the top three professions of becoming self-made
millionaires because they are willing to learn to take the average dollar
and leverage it into wealth through investing in their own education and knowledge.
Truth be heard, this is the world's first ever guide
that helps teachers become their own online business coach for other teachers.
Where you get to show educators how to make money online
from the teacher next door to any teacher in the world.
It's the nine steps to becoming an online business coach for teachers.
And it's happening right now.
Go to caseymores.com slash coaching.
That's k-a-y-s-e-m-o-r-r-i-s.com slash coaching to get all the answers to your questions
in way less money than it calls to you to get a Starbucks or Target because it's
absolutely free and it's only available for a few short weeks.
If you've ever wondered exactly how I teach teachers to make money online
then it's time you grab this workbook, caseymores.com slash coaching.
Revenue streams and different platforms are all over the place
in this day and age to make extra money.
Multiple revenue streams increase cash flow which provides additional financial security
and flexibility.
According to financial expert Tom Corley, you should have at least three income streams
at all times for more income streams.
Seven point eight percent of Americans have multiple streams of income to help
save for retirement, get out of debt or build up a cushion of spending money.
Two out of five young people have a second stream of income.
In 2023, 34 percent of people are earning money from multiple streams of income
more than last year which was at 29 percent.
And finally the most common multiple income streams include your district pay scale,
a side hustle, hobbies and more.
So let's chat revenue streams outside of the traditional classroom setting
and how you can put you first by making extra income this school season
so that you and your family will have something to fall back on.
You might be asking yourself why would KCB encouraging me to leave the classroom when I really
want to know just how to make extra money or more money as a teacher.
That's what my degree is in and in reality what I'm encouraging you to do is create a life where you
can still teach these revenue streams are all education based and education is what we do here
at CEO teacher but this way you get to teach on your own terms.
There are four different types of revenue streams in the traditional business world and we can apply
each of them to a teaching platform so that you can start making extra money before your next
pay period. The first is a transaction based income from sales that are usually one time customer
payments. Now this looks a lot like creating digital resources to sell on an e-commerce site
or an already established platform. Maybe you want to create an online course where you can talk
about one specific topic and break it down into digestible pieces. Maybe you want to sell physical
products like teacher t-shirts, jewelry, planners, branded stickers, etc. The next type of income
is a service based income. This is where money comes in after providing a service based on time
spent. So this is not something that you could do on TPT actually that's against their rules.
You must be able to provide a product for someone when they purchase. This is a specific service
so this looks like creating a coaching program where you share about your expertise about a subject
or you support an audience one on one where they get a detailed and personalized support system
for a set amount of time. Maybe like 30 minutes. I love love love this extra stream of revenue because
you can make money as quick as tomorrow doing this. You could also tutor students online. I know a
lot of you do tutoring after school hours but children and adults need extra help in specific
subject matter and you can think of it as educational consulting when you get to help teachers
and maybe teacher leaders with their academic pedagogy over the course of a school year or even
quarterly. You could also help students in a group setting or one on one. Another thing that you
could do for a service based stream of revenue is a membership where you not only support your
audience with lessons and resources but you also show them the how to of using those resources
to get better classroom results and a community where they can ask questions. That's exactly
what the CEO teacher membership does. The third type of way that you can make an extra stream of
revenue learning how to say yes to you this school season is a project based stream of revenue.
This is where money is earned through one time projects with existing or even new customers.
This can look like educational consulting as we chatted about this one prior but as a project
based business this could look like you're going into a school and supporting them through a single
PD versus a year long relationship. We love the idea of our students doing VA work which stands for
virtual assistant. It is crazy popular right now in the teacher author world. There are always
people looking for help with resource creation, video previews, Pinterest pinning, blog writing,
doing something that helps them take the load off during back to school season like writing
descriptions for their TPT products. You can become a VA as quick as tomorrow and it has absolutely
no limits. Another project based stream of revenue is monetizing your blog or a podcast and this
can be considered project based because some companies will pay you for writing content specific
to their program or product and you get paid per post or per episode and again we chatted about
a coaching as a service but coaching as a project takes the one-to-one aspect a little bit further.
Instead of a single coaching they could bundle calls and have coaching help over a couple of months.
At the end of the project they'd be able to see the fruits of their labor. For instance,
four coaching sessions that walk them through the process of creating a single quality resource
that they can use as a template for their next steps. And the last stream of revenue I want to
chat about today is my favorite one of all and that is recurring revenue streams. We love some MRR
around here which stands for monthly recurring revenue. This is where earnings are ongoing
and payments continue to pay you every single month. It's exactly what it sounds like rather
than a single payment from a course or a digital resource. The payments are set up automatically
so that you can continue to incur revenue and your audience continues to have access to the content.
Kind of like Netflix. The most common teacher based products that would allow for recurring
revenue are coaching programs membership masterminds subscription boxes education consulting packages
tutoring dates and even influencer and affiliate marketing where you get paid based on the number
of people who use your link to purchase or a product or service company like Amazon.
Now that you know what types of content brings in recurring revenue and why I am always sharing
some of the 10 pathways that our teacher used to find success I want to ask you which one of these
will you add to your teacher toolbox today. I am so glad you are learning how to say yes to you
this back to school season so that you can finally make your worth as a teacher. Thanks so much
for listening to the CEO teacher podcast. I'll see you right here next week same time same place
and as always remember the best is yet to come. Bye guys! Teachers this is a secret we've been hiding
for years and it's finally time that we get to share it with you you could probably throw a
flare pin and hit an online business coach right now so why should you place your trust in me right
or maybe I should be asking why should people place their trust in you that's because teachers
support other teachers and it's exactly what we do here at the CEO teacher and we are finally
delivering on our biggest promise to help teachers make their worth in the fastest way possible
like never before. I'm talking replacing your teaching salary in less than a year. What if I told
you that you are mere steps away from that life. Teachers are in the top three professions of
becoming self-made millionaires because they are willing to learn to take the average dollar
and leverage it into wealth through investing in their own education. Truth be heard this is the
world's first ever guide that helps teachers become their own online business coach for other
teachers where you get to show educators how to make money online. It's the nine steps to
becoming an online business coach for teachers and it's happening right now go to caseymores.com slash
coaching that's k-a-y-s-e m-o-r-r-i-s dot com slash coaching