Topic: Help me analyze the feasibility of this business idea - page 5. (Read 748 times)

Be passionate in whatever you do. My suggestion would be to go with a institution that provides opportunity to develop mathematical skills as well as basic learning on computer. You're able to make better earning as what you know could be taught. This is possible and keep yourself engaged into learning more and more about the technology. The upcoming generation will be much connected and online classes will have more importance. Maybe you can develop an application, there are many available in the market yet yours can have something unique. Providing series of classes through YouTube and other platforms could also provide with some earning.

This is different in some countries because there are some countries that treat teachers with decent salaries, even commensurate with what is given, but for most countries the salary as a teacher is not very decent, including in my country.

There are some of my friends who work as teachers in high schools who indeed when talking about eligibility it is actually very inappropriate because for a month he only gets a salary of $35 maybe in other countries it can be smaller but if you look at the employees and the average salary in the company it is very far if the average company salary in my country is $200-300 per month.

Even though being a teacher is not an easy job and the responsibility is great but sometimes what he gives and the income he gets is not comparable.

Having a profession as a teacher, as is currently the case in several countries, does not really respect this profession because the wages they receive are not in accordance with the responsibilities they carry out, which are very big responsibilities, namely educating the nation's children. If we think idealistically and realistically, becoming a teacher is very difficult because it requires a very long process and the costs are quite large. And it seems that the salary for being an honorary teacher is smaller than the costs that must be incurred to obtain this profession. And if the basis is not for love of knowledge and service to the country, perhaps someone will be reluctant to become a teacher because they see the wages are so small.

And if you plan to build a business, namely by opening a computer class and becoming a private teacher, this is a good decision because it suits your abilities. Even though many people have started this business, that doesn't mean you don't have the opportunity to build the same business and in this case you only need to focus on the marketing process and if this is the first time you are opening this business then in the beginning, don't ever apply charge high prices to be able to attract people to take your classes and don't ever think about having big profits, but focus on increasing the number of people who take your classes and after that provide your best teaching quality so that people take your classes Be people who excel, so this will make your private classes and computers have good quality.
Because if your business has good quality and is able to produce people who excel, then price is not a problem.

My own advice won’t be much, as other people have already discussed it; however, just choose the profession that will give you more money, like after you leave your physical job, you will have enough time to do other things. I think that will be better.

 
I think teaching is okay, as you want to have enough time to face your online stuff that will help you financially because the money you may earn only in this profession may not be enough for you, even though I don’t know how your own country's salary is going. If not for my country, teachers are one of the professions that receive the lowest salary. But they always have enough time to do other things to support their salary. You can also do the same thing after closing hours and focus on your online job.

To be a tutor is one good answer to the problem since you can do your passion of teaching and at the same time you have the free time you needed.  It can also give you more income than being a teacher probably.


This can only be answer by yourself. but I think you can compete against your competitor by lowering the admission fee.  This way you can have an advantage against those services that is charging too much.

OP you did well by sharing your problems for experienced mind in this forum to share their views.

Firstly, being a maths teacher and making a fulfilling career out of it is largely dependent on the country you find yourself in. In my country, you might  regret it as private schools  pay little or nothing for your hefty stress. If you're lucky enough to get a federal government appointment in a school, the load will be lesser and pay higher.

In this  emerging world of technology, I think your graphics design skills will  pay you more and give you an opportunity to grow with the trend as you're rapidly increasing in skills as you do more jobs and you can land huge contracts that will suit you well.

You can still go work for some of those companies you're thinking of competing with, test run your ideas and get it right before starting up yours. I'll also mention that you need to learn basic management skills possibly from a company or two or take courses yourself before starting yours. Trust me, starting a company isn't a child's play and keeping it running is even harder and consume more time than expected.

You'll also have to be honest with yourself and take inventory of your passion. Which of them you do effortlessly and focus more in building on it cos passion drive success. I still believe you can incorporate your crypto life into any of them if you plan properly.

1. If you do have plans on trying out to make some extra income then breathing space wont really be that a much of an issue or something that would hinder you, but if you are a type of person
who does really need it and dont mind about extra income then better stick with that single source that you do have which its your choice since its your time and not ours.
Sacrifices would really be made on the time that you would really be tending or having plans on upgrading or trying to earn more. If you cant bare out that kind of hassle or risks
then you do always have the choice.

2. Competition could really fucked you up and with todays era and years of technology on which tutorials specially on computer or whatever it might be then it could really be found online
which i do fear that there's no demand for such thing because anything could really be searched online and its totally free which if you do charged up on something
free then expect on what would really be the next thing to happen.

In overall, then it would really be that recommendable that you should really following your passion.Its understandable that making more money would be priority but
nothing beats out on working on something which you do really love on doing so.

Your condition is really tough one to choose but I will give my opinion base on my experience. Teaching job is stressful, now I don't know where you from but if you are from country, I will say you should forget about teaching because teachers are underpaid after all the hard work of lesson plan and lesson notes and if you want to take a single course, your take home might not even give you a good meal for 5 days, I don't think you might want to do teaching job.

Why not focus on the graphics, it's a demanding service. Don't think because people have already occupied a place my stop you from doing yours. If you have better experience and good hand in design, doing a single satisfactory work for one person might change everything around that location, more customers will move to your place if they know you are a good graphics designer.

I don't know where do you live and how much money the teachers are making in your area and how many hours do they have to teach ( it would be great if you would have provided that data) well, in my area, a private teacher have to teach in School or any institute at day time, and still to meet the expenses of life, he/she have to teach at 1 or 2 different academies.

Just to motivate you, I am also a student, and teaching for the pasts 2 years, but not in school, I teach in academies where I only have to teach for like 2 hours tops. I will not say that, I can solely depend on the earning of teaching at one academy. So last month I joined another. Here is my time schedule at that time.

I woke up at 6 in the morning, go to Uni, come back at 1, and around 2 I have to go to the first academy for teaching and from 2 to 4 I teach there then I have to travel 11 KM to go to another ( which is near my home) so I teach there for 2 hours (from 5 to 7) and then I am free at night. However, I only taught at 2 academies for some time, as I could not get to manage my time so I dropped one for the time being. But they really liked my work and still after me 

I have only 1 suggestion for you, money is important no doubt about it, but at first, you have to gain some experience and if you are getting that experience at a low income then do not hesitate to do that and after earning some experience you will be welcome at big institutes easily.

Just pick one first. One at a time is all you need to do. For now, you need to master the ones you pick. So if you wanna go where you are passionate about such as teaching, then be a teacher. You said the compensation is not enough so, just find more kids to teach privately, tutorials AFAIK pay more.

Teachers have my respect for being patient. This is the sort of the most important trait that teachers have when dealing with students.
The school where my kid goes offers school tutors, and these tutors sometimes earn almost the same while only spending a few hours with 2 to 3 students in a few hours.

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.

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.

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.

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.

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.

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.

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.

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.

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.


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.


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.

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.