Educator Pay
Flight Plan for Educators’ Payments
Essential Payment Guidelines
Maximize Your Earnings Potential
Your pay is directly tied to the number of classes you teach and the enrollment of students/owls in each class. The more classes you offer and the more students who enroll, the greater your potential earnings. There are no limits to what you can earn.
Unleash Continuous Learnin
Provide students with the opportunity for ongoing education by offering a convenient monthly subscription. With a subscription model, students gain access to a curated selection of courses, ensuring consistent learning and growth month after month.
Seamless Payment Processing
Once classes are completed, your earnings will be disbursed in the subsequent pay cycle. Funds are deposited directly into your PayPal account.
Platform Fee 20%
Here at FiveOwls, we’re passionate about creating an accessible and vibrant learning community for everyone. To keep our platform soaring high and reaching new heights, we do charge a platform fee of 20% on each lesson transaction. Now, we know fees might ruffle some feathers, so let’s break down where those funds take flight:
15% Takes Flight for Marketing & Promotion:
This portion helps us attract more amazing learners and educators to the platform. Think of it as spreading the word about your incredible lessons and reaching an audience that’s eager to learn from you! We utilize these funds for targeted online advertising, engaging social media campaigns, and partnerships with educational organizations, all to bring more students to your virtual classroom.
5% Nestles as Platform Maintenance:
This portion goes towards keeping our platform running smoothly and securely. It covers essential costs like website maintenance, data center operations, and customer support. We want to ensure a seamless learning experience for both educators and students, and this 5% helps us build and maintain the nest where you can thrive.
Transparency & Fairness:
We believe in complete transparency regarding our fees. This breakdown allows you to see exactly how these funds contribute to the overall growth and sustainability of FiveOwls, ultimately benefiting both educators and students alike.
Remember:
- You receive the remaining 80% of each lesson transaction, directly deposited into your preferred payment method.
- This platform fee structure ensures FiveOwls can continue to attract learners, provide valuable resources, and offer a top-notch learning experience for everyone.
- We continuously strive to optimize our operations and minimize fees while maintaining the quality and features of the platform.
FiveOwls Payouts: Understanding When and How You Get Paid
FiveOwls makes sure you get compensated for your teaching efforts! Here’s a breakdown of how payouts work for different class types:
Fixed-Duration Classes (One-Time, Flex, Multi-Day):
- You’ll receive payment 7-8 days after the section start date. Payments are processed each morning (Pacific Time).
- Expect the payout to be completed within 8 days of the section start date, even if your class starts in the afternoon or evening.
Ongoing Classes:
- You’ll receive a batched payout every Sunday, 7-13 days after your weekly meetings.
- It may take an additional 24 hours to receive the funds (processed separately).
Important Note for Sunday Classes:
- Classes held before 4:00 pm PST on Sundays are included in the previous week’s payout.
- Classes held after 4:00 pm PST on Sundays are included in the following week’s payout.
1-on-1 Courses:
- You’ll be paid on a Sunday, 7-13 days (approximately 2 Sundays) after the week’s meetings.
Groups:
- Families pay on a monthly subscription basis.
- You’ll receive payment for November’s subscriptions on December 15th.
Batched Payments:
- If you teach multiple sections, you’ll receive a single, combined payout each day.
- Each payout includes an itemized list with details like amount, number of learners, and a link to the section for each payment.
Linking Your PayPal Account:
- To receive payouts, enter the email address associated with your PayPal account in your FiveOwls settings.
- You’ll need a PayPal account to receive payments.
Important Security Reminders:
- FiveOwls sends payments to the payout address on file.
- Monitor your FiveOwls account activity and report any irregularities.
- Changes to your PayPal payout email require a 5-day verification period by the Trust & Safety Team.
- Update your FiveOwls payout email simultaneously when updating your PayPal account.
If you have any questions or encounter payment delays exceeding 48 hours, please contact FiveOwls support.
How much can I earn as a FiveOwls instructor?
Your earning potential on FiveOwls is directly tied to the value you bring to learners! Here’s how it works:
Set Your Rates: You have the freedom to set your own class price, allowing you to tailor your earnings to your expertise and the value you deliver.
Reach a Wide Audience: Our platform connects you with learners,, increasing your potential student base.
Get Rewarded for Every Student: You earn a portion of the fee for each student who enrolls in your class. The more engaging and informative your classes are, the more students you’ll attract! This system empowers you to take control of your income and get rewarded for the knowledge you share..
When can I expect to receive my earnings?
We understand receiving your well-earned income is important. On FiveOwls, payouts are typically processed within [ timeframe, e.g., 30 business days] after a class concludes. This timeframe allows us to handle any potential refunds or cancellations before issuing payments.
We’ll keep you updated on your earnings through the platform and send you a notification once your payout is processed. You can also access your earnings history and payment details within your instructor dashboard.
The beauty of being a FiveOwls instructor is that there's actually no formal contract involved! Here's why:
Flexibility is Key: We value your independence. You choose the classes you want to teach and set your own schedule. There’s no minimum commitment, so you can take breaks whenever needed.
Focus on Passion: We want you to be excited about sharing your knowledge. If you need to take time off for personal reasons or explore other teaching opportunities, you have the freedom to do so.
Long-Term Collaboration: While there’s no binding contract, we hope to build a long-lasting relationship with our talented instructors. The more engaging and successful your classes are, the more learners you’ll attract, creating a mutually beneficial partnership.
This approach allows you to maintain control over your workload and teaching journey while collaborating with FiveOwls to create a thriving online learning environment.
Tax Responsibilities as a FiveOwls Instructor
Since you’ll be classified as an independent contractor (IC) with FiveOwls, you’ll be responsible for managing your own taxes. This means you’ll need to pay self-employment taxes, which cover Social Security and Medicare contributions typically deducted from employee paychecks.
Here are some key points to remember:
1099 Tax Form: FiveOwls will provide you with a 1099 tax form at the end of the year if your earnings exceed $600 (as of March 2024). This form reports your income for tax purposes.
Self-employment Taxes: As an IC, you’ll be responsible for paying the full Social Security and Medicare tax rate (currently 15.3%).
Potential Deductions: You may be eligible to deduct certain business expenses, such as home office supplies, internet costs, or professional development materials, from your income taxes.
Resources for Tax Information:
Internal Revenue Service (IRS): The IRS website provides a wealth of information on self-employment taxes and deductions for independent contractors: https://www.irs.gov/businesses/small-businesses-self-employed/publications-and-forms-for-the-self-employed
Tax Professional: We highly recommend consulting with a qualified tax professional to understand your specific tax obligations and filing requirements. They can provide personalized guidance based on your income, expenses, and overall tax situation.