A lesson in finance: Teachers sell their original work online

Posted by: IceMyst

A lesson in finance: Teachers sell their original work online - 06/29/06 01:49 AM

WASHINGTON (AP) -- For all those teachers who take work home at night, creating lessons they hope kids will like, the reward is a good day in class. Now there could be another payoff: cash.

Teachers are selling their original lectures, course outlines and study guides to other teachers through a new Web site launched by New York entrepreneur Paul Edelman.

The site, TeachersPayTeachers.com, aims to be an eBay for educators. For a $29.95 yearly fee, sellers can post their work and set their prices. Buyers rate the products.

"It's a way to pat teachers on the back, to value what they do," Edelman said. "They create the material night after night. The best way to value that is to put a price on it."

Lots of Web sites offer lesson plans that can be purchased or downloaded for free. Yet Edelman says they don't cover a fraction of what teachers themselves have come up with. By offering them a way to make a buck, the 33-year-old former teacher says he's found a niche.

He's banking on it. Edelman cashed in his retirement fund and maxed his credit cards to launch the business in April. He keeps 15 percent of every sale, but he knows the only way he will really make money is by getting "teacher-authors" to pay the membership fee.

So far, he's recruited about 80. That includes eight former state teachers of the year who got free lifetime memberships.

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