If you’re looking for how to make more money as a preschool teacher, you’re in the right place.
According to the Bureau of Labor Statistics, the median salary of preschool teachers in the U.S for the year 2019 was $30,520 per year.
So it’s understandable that preschool teachers are searching for ways to put more money into their bank accounts.
Here you’ll find great ideas for generating extra income as a preschool educator.
Related: Check out our career and finance hub with information-packed articles about leveling up your career and wallet.
How to Make More Money As a Preschool Teacher
Tutoring is a fantastic side job if you build a consistent clientele.
While your preschool little ones may not need much homework help, think about their older siblings or other children from the school in which you work.
Parents are much more willing to pay someone from an “inside circle” than a complete stranger.
If you do well, you won’t have to work too hard booking new kids because parents will come looking for you.
To make tutoring a profitable side gig, charge what you’re worth. Check out this tutoring pricing guide to help you do that.
If you don’t work at a school with grade-school children present, market your services to parents of the preschoolers from your childcare center.
They may have older children or know of other families who could use your services.
Build a tutoring schedule, and stick with it.
The more consistent you are, the easier it will be to keep a steady stream of income rolling in.
Working for a Tutoring Service
Another tutoring option is to work for a tutoring service, and this includes tutoring companies online.
Though the pay isn’t as good as private tutoring, you won’t have to find your own customers.
Tutoring school-aged children is a great way to earn extra money as a preschool teacher.
2. Teach English Online.
Working from home is the new normal. Teachers love it because you can make good money while in your pajamas.
And the great news is that there seems to be no shortage of online English companies at any given moment in time.
One of the most popular options is VipKid, but there are dozens more.
Online ESL companies pay their online instructors anywhere from $10 up to $25 an hour.
Some of these ESL companies require a minimum of a four-year college degree while others accept any relevant experiences working with children or adults.
Here’s a list of online ESL companies to consider…
3. Provide Childcare to Families During Breaks.
You already work with small children, so why not extend your services to families during summer or holiday breaks?
When school holidays roll around, some parents get a bit stressed because there’s a possibility they won’t have as many childcare options available if needed.
That’s where you come in.
Offer your childcare services to those families so that mom and dad can continue their work schedule without issue or enjoy a much-needed vacation without the kids.
You could even charge a little more for providing the family the convenience of you going to their location.
Taking care of others’ parental needs is a great way to earn extra money as a preschool teacher.
4. Work in Public Schools or Private Schools That Pay Well.
If you’re really looking to make and save money, relocating from a daycare center to a grade-school setting will potentially increase your earnings.
Preschool and pre-k educators are generally paid according to the same salary schedule as grade-level educators.
5. Open a Teachers-Pay-Teachers (TpT) Store.
Build your own TpT store.
Though it takes time and effort to begin making significant money, the earnings potential from TpT is quite good.
Success depends on the amount of hard work, time, and effort you put into producing and marketing your products.
And a huge advantage is that products targeted to the preschool demographic tend to sell very well on the platform.
6. Freelance as a Writer.
If you have a knack for writing, consider freelancing as a writer for blogs.
You could potentially bring in more income than what you make at your day job.
This option is a very rewarding way to make extra money as a preschool educator.
7. Start an Online Business.
Take a current hobby, and put it online.
Like freelance writing, starting an online business can be quite profitable.
However, to earn extra cash as a preschool teacher with this job, you’ve got to be ready to put forth serious time and effort.
Do you have a desire to help/teach others about something you love or solve a need?
If so, starting an online business or a blog may be a good fit for you. Take a look at this helpful article targeted to beginner bloggers and those interested in online business ventures.
8. Work Towards Owning a Preschool.
Running and/or owning a preschool will potentially earn you more and provide you with more autonomy.
Owning your own preschool is the ultimate investment of time, effort, and money.
If you have lots of experience in the childcare industry, this is a natural progression.
Each state has its own licensing guidelines. So thoroughly research what’s needed in your city.
9. Become an Educational Consultant.
You already have expertise in childcare, preschool curriculum, and child development.
So why not leverage that knowledge and be a valuable resource to other preschools in your community?
If you’re interested in this option, check out this guide. It’s written by an educator who has had great success as an educational consultant.
Wrapping Up: A Guide to Earning Extra Money as A Preschool Teacher
Now you’re armed with a few good options for making more money as a preschool teacher.
There’s real money to be made for sure. With the right mindset and strategy, you’re on your way to earning more.