Online teaching can certainly be lucrative and there are several bloggers out there who claim to make several thousand a month. While it is definitely possible to make a good salary with online ESL teaching, you should be prepared for any unexpected dips in bookings, especially during major holidays. Besides, there is always a certain level of uncertainly with online work and you should always budget for this, in advance.
Companies sometimes choose to change their policies around schedules, incentives, or other requirements, which could mean that your chosen company is no longer the best fit for you. Switching companies can be an arduous and time-consuming process because you will need to complete the interviews, onboarding requirements, and build up a new base of students, which impacts your income for the month.
Similarly, as an independent contractor, you may have to submit your taxes differently. As this can be a confusing subject, it’s best to consult a professional to be sure you have the right information and are submitting the correct information.