I’ve thought a lot about this since I'm a mom and most of my friends are moms, many of whom do not work out side the house and a good majority of them are on a tight budget. Not that life is bad for most, although there are some who are really struggling.
So, what are some good ways to bring in a paycheck from home? Here is a list of what I’ve done before with a few pros and cons to each.
1. Babysit: If you already have kids at home, adding one or two others can actually be helpful if they are the right kids for your home.
Pros: You can help another mom out, earn some extra money, and your kids have some playmates. You don’t need a degree and it’s not much more time for you. Try Care.com or SitterCity.com
Cons: Can add stress to your home, you’ll never make much money, you’re now tide to someone else’s schedule, may not be your cup of tea.
2. Selling Items Online: This is a great way to earn some extra money as a stay at home mom. Try eBay, SnapFish.com or Etsy.com
Pros: Allows you to work when you want and where ever you want, start with items you already own, can create a good income if you find a source for products to sell or make, keeps you at home. You can work around your kids’ needs, they can be sitting on your lap as you work.
Cons: Need some skills to be successful; upfront investment in products, difficult finding a niche; shipping, collecting payment, dealing with returns and customer service can be a pain and keeps you tied to a job; if you don’t sell anything you don’t make money; need some good organization skills and discipline since you don’t have an employer.
3. Phone Customer Service: Many companies are outsourcing these jobs to stay at home moms. You can do customer service from your home. Try Jet Blue
Pros: Have a job with a set schedule and set pay. Allows you to work the hours that work for you. Creates an extra income. Not a lot of skills needed.
Cons: You have a set schedule and would need someone home to be with kids or work hours when they are not home or asleep. May create a lot less time with family. This is almost like having a job outside the home.
4. Virtual Assistant: You are hired to work for someone else from your home. It may be writing articles for someone, posting on social media, scheduling appointments, you name it. Try VirtualAssistantJobs.com or oDesk.com
Pros: Create a good source of income from home. Depending on the job, it could be very flexible and you may be able to do it with children around. May be more fulfilling as you do more skilled jobs. This presents an opportunity for personal growth.
Cons: Again, stuck to someone else’s schedule and demands. Could be let go anytime. You’ll need to have some skills to offer. Limited on income you can make. Finding a good match can be time consuming.
5. Pet Sitter: If you love animals, this may be a possibility for you. Try PetSitter.com and DogVacay.com
You can help another person out, earn some extra money, and your kids have some playmates. You don’t need a degree and it’s not much more time for you if you have pets.
Can add stress to your home, you’ll never make much money, you’re now tide to someone else’s schedule, may not be your cup of tea.
6. Direct Sales: This is where you create your own business selling products or services for a company.
Pros: If you choose the right company and product you are passionate about, you can earn a great part time or full-time income working from home. You have control over your hours and where you work. Provides personal development and no limit to income. Can’t be let go like a job. Creates residual (passive) income over time. You work with people you choose, instead of like a job where you don’t have a choice. Creates time and financial freedom within 5 years. No schooling or degree required.
Cons: Takes commitment and a long-term view because income is slow at first. You’ll need to learn 7 skills to be successful. No boss and no schedule, so you must be self-motivated. Must overcome fears of networking with people or teaching people about your business. Not a good fit for people who have no entrepreneurial bone in their body.
BONUS: reasons I chose to become a Stay-at-Home Mom-preneur
- No boss
- Allows you to be home and raise your children
- Flexible schedule (yes, you have to work hard, but on your own terms)
- The sky is the limit
- Tax write-offs. If you are working from home, you can potentially deduct part of your mortgage interest, cell phone, utilities, travel expenses, car payment (gas & maintenance) and many others depending on the business
- You develop YOU! It takes personal growth to be successful and it’s so worth the example you set for your children.
- Can create residual income for your family.
- Creates choices, greater freedom and able to do something you love.