TeachStreet shifts to paid listings
Date: Thursday, April 08, 2010 @ 17:29:12 UTC
Topic: Tech Thoughts


TeachStreet today announced a major overhaul to its business, shifting to a paid model in which teachers who want to be listed in the online directory must pay $3 per month. The company also will continue to operate its Pro membership service in which teachers pay $29.95 per month. It will also reduce payment processing fees from 4.9 percent to 2.9 percent, with Pro members continuing to receive free credit card processing. But the elimination of the free service is a big change for a site that once boasted about its comprehensive directory, and it is unclear how teachers will ultimately react.

The Seattle startup plans to implement the changes in the coming weeks, and over time the free listings from yoga, language, cooking and other classes will eventually be phased out. In a blog post, TeachStreet founder Dave Schappell said that he's hopeful that the changes will make the community a "better place for teachers and students." But he also acknowledged that the decision was being driven by economics.









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