If you are raising a family and are a stay-at-home mom, the ideal scenario is to try and find an idea that can bring some extra money into the household budget while allowing yourself the freedom to continue raising the kids, and everything else you have to do in a busy day.
There are numerous ways to generate an income from home, so here are a few ideas to consider.
Bringing your skills into play
The chances are high that you have a certain set of skills and interests that could help you to earn an income.
If you enjoy your time in the kitchen and know how to bake some great cakes or turn out a fantastic meal, you could make use of social media platforms and other online mediums in order to do things like teach others about your recipes and demonstrate how to put it all together.
You could aim to start your own food blog and build up a following, which should enable you to generate an income from advertising revenue or subscription fees. It might even appeal to you to sell some of your creations online and earn some money that way.
If you are quite creative and are good with arts and crafts, this is another opportunity to do something that you enjoy and are good at, to earn some income, by selling your creations on a site like Etsy, or through Ebay or similar portals.
If you have a particular passion or certain skills, consider using them to earn some money while still being a stay-at-home mom.
Become a day trader
The stock market offers plenty of opportunities to make money, although it has to be considered risky, as you are not guaranteed to generate a profit.
A good way of starting out would be to use simulation software for trading stocks so that you can learn how to trade stocks and what strategies might help you to generate a profit. Playing with virtual cash means that you don’t end up losing any real money, if you make some mistakes along the way or want to see what strategies might work for you.
Once you have gained the skills and knowledge you need, you could be busy leaving buy and sell instructions and watching things unfold on a daily basis, or checking in later, to see how your automated trades have fared on the day.
When trading the financial markets from home for example, get news about silver and other commodities from reputable online sources so that you set your trades for the day before you even start the school run.
Work as a virtual assistant
The first thing to say about the idea of making yourself available as a virtual assistant is that it is work that you can often do around your busy mom schedule.
If you had an administration or PA position before you started a family, you could really hit the ground running, by taking on tasks that are often in demand from small business owners, who don’t need a full-time assistant, but need someone to handle their emails, letters and other tasks, while they get on with running their company.
There are several sites such as Odesk or Freelancer.com, where you register and list the services you provide, plus you can also reach out to local business owners you might know, to see if they are interested in hiring you.
It is perfectly feasible to earn up to $20 per hour, and when you consider the flexibility regarding work hours, this could be a good chance to earn some extra cash.
Many big companies now have an army of VA’s such as Mamma. Mamma is coupon and discount site and requires a number of people to actively search for discounts for their stores. It could be worth looking for sites like this and messaging them and see if you can become part of their team.
No shortage of ways
Your chances to earn an income from home are really only limited by your own imagination and ingenuity, and you can even generate some cash without having to do anything yourself.
You might decide that you want to rent out part of your home through a site like AirBnB.com, meaning you get paid just for having some space that you have available in your home. If you prefer, you could rent out your car if you don’t need it for the day or the week, through a site like RelayRides.
If you need a bit of help with the bills or just want to generate some extra cash, being a stay-at-home Mom is no barrier to bringing some more money into the household.
Alisha Duncan is a Mom who enjoys playing the stock market game! Always, frugal, and with a strong head for numbers, Alisha is keen to show other women like herself how to save money, and make it. Her articles appear on personal finance, women’s lifestyle and trading blogs.