VIPKID: How Much Can I Really Make?

The number one question when looking to start a side hustle... how much can I make at it? Is it worth my time? I can't answer the second question for you (though I will suggest that it is worth the time it is a personal decision) I can give you the information to make the decision by answering the first.

So, here's the quick breakdown of how pay works for VIPKid Teachers:

• Base pay is between $7.50 and $9.00 per class. This number is decided during your interview based on your credentials and the interview itself and will not change for the first year (two contract terms). During the second renewal (third term) you may receive a raise if you meet the criteria. Each raise is $0.50. It looks like most people start at the  $8.00 mark based on forums. For every class that you are teach or are booked for and cancelled within 24 hours, with the exception of trial classes, you will receive this pay for your 25 minutes. Trial classes that cancel within 24 hours garner a 50% rate of your base pay.

• Incentives are broken into two main categories: Participation and Other.
  • Participation incentives are $1.00 per class taught and are super easy to get... just start and end on time. Nothing fancy, basically just being a professional. 
  • Other Incentives:
    • New VIPKid sign ups are typically $5 per trial student who converts to a contract student after a class with you. 
    • Finished classes are the next subcategory in this section. Once you have reached 30 classes taught you will receive $0.50 extra per class retro'd to the beginning of the month. One you teach your 45th class that incentive increases to $1.00 per class. 
    • The last one is referrals. If you refer someone, and they use your code, you will receive the current incentive pay for referring them once they teach their first class. You get an extra bump when you hit certain milestone numbers of referrals. The current incentive is $100. If you are thinking of joining VIPKid I would appreciate you using my referral code for this reason (plus I'll help you through the process and am more than willing to chat about any problem you run into once you begin teaching!). 
• Sometimes there are bonuses or special incentives for completing certain training activities or working a certain number of classes during a period of time. I received $10 last month for completing training that I would have gone through anyways for instance.
• The last thing is tokens... these aren't going to turn into cash but they are a way to get paid. When you complete tasks in the Hutong you are able to earn tokens that can be redeemed for all sorts of things from Amazon e-gift cards to Dino dolls, puzzles, Chinese translations, mentor time and more. 

​Here's the first couple of items that are in the exchange store currently. The biggest one that I currently see available is a $50.00 e-gift card to Amazon.

And a couple rows from the Hutong to show you some of the tasks and announcements (you will sometimes get tokens just for reading). You also get tokens for teaching classes which is nice.

OK, so excluding tokens, referrals, new sign ups and extra bonus incentives here's a potential month, working 15 hours per week. All of that is extra gravy on the pay check and I don't budget with it personally.

Base Pay: $8.00 * 120 classes (30 classes/week * 4 weeks) = $960.00
Participation: $1.00 * 120 classes = $120.00
Finished Classes: $1.00 * 120 classes = $120.00
TOTAL: $1320.00

That's a nice paycheck for 15 hours per week! Once you put some of it aside for taxes you've got over $1,000. I see this as a great side hustle opportunity personally, what do you think?

Join Me at VIPKID

My referral code is: HEATH0116​