Being a stay-at-home mom is like having a full-time job but instead of getting paid in cash, you get lots of love and hugs. As satisfying as that is, surviving on one income is difficult. Taking care of children is also no easy job but it becomes considerably easier once they join school.
This leaves you with ample free time to look for an extra source of income to supplement the family’s budget. Here are 6 ways you can make money without leaving the house.
In This Post:
1. Forex Trading
Forex trading is like trading in the stock market. However, it only involves the exchange of foreign currency. The foreign exchange market has grown exponentially over the last few years and is extremely volatile, making it lucrative for investors. The risks are often high but so are the profits and all you need are the right online trading tools.
There are a variety of tools including those that can help you find trading opportunities, tools to help you estimate the profits or losses you’ll make on a trade and even those that can help you trade more efficiently.
2. Mystery Shopping
If you enjoy shopping, you should consider a career as a mystery shopper. This job doesn’t require you to stay in the house, it’s flexible and pays pretty well. Mystery shoppers are hired by brands to visit various outlets, often restaurants or stores to review the services as part of a market research strategy.
Basically, all you have to do is visit an outlet, buy a product, or engage with their services and then give genuine feedback to the company. Sometimes mystery shopping is used as a type of competitor research.
Check out companies looking for mystery shoppers in your area and then sign up with them.
Are you passionate about writing? Do you find yourself describing otherwise ordinary instances in vivid scenarios? Blogging might just be for you. To become a blogger, you only need to open a blog on a reliable platform, some of which are free. You don’t have to restrict yourself to writing about parenting topics but instead, you can find a niche that you are passionate about.
With blogging, the earnings aren’t instant and you’ll have to be patient and committed to your blog. The more original and authentic you are, the more followers your blog will gain. For a more immediate source of income, you should consider writing for content mills that hire content writers.
Tutoring is a convenient source of income especially when you have an academic specialty. It might require you to spare at least 5 hours a week but you can either choose to do one-on-one tutoring or virtually.
Start by offering lessons to kids from your child’s school and then ask for referrals from friends and family. Determine an hourly rate based on the average fee that tutors around your area charge.
5. Virtual Assistant
Virtual assistants are becoming increasingly common and it’s estimated that the United States has approximately 110 million VA’s. As a virtual assistant, your duty will be to help online users remotely with a variety of tasks.
This could be anything from scheduling appointments, managing social media accounts, answering calls, or replying to emails. Virtual assistants often set their own hours so you’ll still be in charge of the hours you work.
All you’ll require is a computer, a stable internet connection, and basic writing and communication skills. There are various online platforms that hire virtual assistants with an average hourly rate of $5.
6. Selling Crafts
Make use of your artistic skills by making crafts and selling them on platforms like eBay and Etsy. The first step is always to build your brand. Start by selling your crafts locally and build a solid reputation before casting a wider net on online platforms.
You may have to sell at low prices during the first few months but once the venture kicks off, the profit margins will increase too. This will also give you insights into managing future ventures should you decide to pursue entrepreneurship.
More Money-Making Ideas for Stay-at-Home Moms
There are many more ways that you can make money from the comfort of your house.
- Babysitting especially if your children are small.
- Running errands.
- Completing online surveys.
- Testing websites.
- Being part of a focus group.
Choose a work-from-home opportunity that doesn’t disrupt your daily routine and fits in perfectly with your lifestyle.