3 Moneymaking Ideas for Stay-at-Home Parents

Right now in the face of the Corona virus many parents have become stay-at-home parents due to layoffs, business shutdowns and office closures. Whether or not you’ve chosen to work from home, or possibly are thinking about other avenues of income from home, the following information is particularly relevant right now, unfortunately. So get informed and stay positive, and enjoy getting to know your family! Besides that, be sure to check out Teneric as well.

Being a stay-at-home parent has many benefits, primarily being there for your kids as they grow up. One downside, however, might be not having a dependable income. Fortunately, technology has granted many people, including full-time parents, opportunities to make money from home.

Using your knowledge and skills to earn an income from home without the burden of adhering to office hours or reporting to an office can be really beneficial in so many ways, especially if you are successful! Like any venture, figuring out how to earn an income from home may take time and effort, but if you don’t try you’ll never know. Here are three moneymaking ideas stay-at-home parents can try, and wishing you lots of success!

Sell Products Online

When you don’t have to adhere to a strict schedule, you have more time to follow through on your plans to build a business. With e-commerce platforms and services to help sell your products online, starting a business can be affordable and relatively quick. Of course, you can’t start a business without a market and a product.

As such, the first step to launching your online store is to find your niche and market. What kinds of products are in demand now? Do you have suppliers for these products? How big is the market for this product? How about the competitors for this market? Is there still room for new businesses in this market?

Many businesses fail in their first year, so choosing a profitable niche can contribute to the success of your business. The quality of your products and customer service, as well as your marketing strategies, are also factors that can determine your business success.

Use Your Knowledge or Skills

Earn money by using your skills and knowledge, by determining which skills and expertise can you monetize. If you’re a writer, editor, or designer, you can look for freelance writing, editing, or designing jobs on freelance platforms.

Here are a few platforms where you can find legitimate freelance work:

• Fiverr
• Upwork
• LinkedIn
• Freelancer.com
• Skyword
• Envato Studio
• PeoplePerHour
• TopTal
• Guru.com
• Nexxt

Even if you don’t have creative skills like the ones mentioned above, you can still make money by learning new skills, like social media management, search engine optimization, and project management. Once you’ve gained proficiency, you can accept freelance projects for these jobs.

For those with expertise in a certain field (e.g., finance planning, medical billing, college applications, and SEO marketing), you can make money by publishing courses or e-books. You can then sell them on your website or on platforms, like Udemy, Teachable, or Podia.

Alternatively, you can launch an online consulting business and market your skills to companies, organizations, and individuals.

Create a Bankable Audience

If you’ve always dreamed of being somebody famous, here’s your chance. With a computer, a decent camera, and a creative mind, you can make money by creating a bankable audience, in other words, becoming an influencer.

First, you need to choose a platform where you’re going to reach your audience. The platform can be a blog, an Instagram account, or YouTube channel. Then, you need to find your niche. Choosing something that you’re passionate or knowledgeable about will make it easier and more fun for you to create content.

Churning out engaging content consistently is integral to gain a massive audience, so you should plan and stockpile your posts before launching your platform. Earning money by becoming an influencer takes time because you have to build your reputation and your arsenal of content. This isn’t the ideal moneymaking scheme if you want to make quick cash, though many have been successful in the long run.

Got an existing blog with a relatively big readership? Monetize your website through the following ways:

• Advertisements
• Affiliate marketing
• Email marketing
• Getting sponsorships
• Publishing sponsored content
• Selling digital products
• Selling coaching services

The Takeaway

Earning money is never as simple as it may seem, especially when you can’t work outside the home as you want to take care of your baby and/or small children. The good new is that earning an income is not impossible for stay-at-home parents now that there are platforms enabling you to sell your products, creations, skills, and expertise.

Whether you want to start a business or offer your services to individuals or organizations, find a trustworthy platform to help you sell what you have. From there, it’s a matter of making a sincere effort to maximize moneymaking opportunities that come your way. Be patient, be persistent, and be willing to trim your living budget as much as possible. Most importantly believe in yourself!