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Hello, educators. This week on teacher tips we will be continuing our exploration of the Teachers pay Teachers website. Now, last week we reviewed how to find resources and assess the quality of resources on this website. This week, we're going to discuss the steps and the best practices for selling our own lesson plans on Teachers pay Teachers. The first thing we need to do is to go ahead and sign up for a seller account. I can start this process by clicking on Join for Free in the upper right hand corner. Now, there's three different types of accounts you can have with Teachers pay Teachers. If all your looking to do is buy resources, then the standard membership, which is free, will work perfect for you.
There's also a free seller upgrade, this allows you to start posting resources on Teachers pay Teachers. And finally, there's also a premium seller upgrade. Now, the biggest difference between the seller upgrade, which is free, and the premium, which costs $60 a year, has to do with the royalties that you pay Teachers pay Teachers. For the free seller account, you're going to make 60% of whatever the cost of lesson is, minus 30 cents a transaction. With a premium account, you're going to make 85% of whatever you're asking for a particular lesson plan and there is no transaction fees.
Doing a little bit of math, I figured out that if your average sale is $5, that at 39 transactions a year, then it becomes cost effective to have a premium seller account. That means that if you're selling about four lesson plans a month, that it makes sense to go ahead and upgrade to the premium account. If you're just getting started, using the free seller upgrade account is a great way to start putting items online, getting some feedback and finding out whether or not your lesson plans will be successful on Teachers play Teachers. In the next video, we'll go ahead and upload a lesson plan to see how that process works and talk about some best practices to help you be successful on Teachers pay Teachers.
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