Are you a full-time parent looking for ways to earn extra income at home? Is it even possible to juggle caring for the children full-time while also hustling on the side? Read on to learn more about low-capital small business ideas and job opportunities that are perfect for stay-at-home parents like you.
One in five parents in the United States are stay-at-home moms or dads. With the onset of the pandemic and the rise in remote work setups, that number is only expected to increase.
In the US, 4.7 million people work remotely at least half the time. And in one survey conducted by Owl Labs, some 59% of respondents are more likely to choose an employer that offers a remote work setup.
More people are realizing that it’s possible to earn income outside the traditional job sectors, thus increasing interest in remote work options.
Specifically, stay-at-home parents like you stand to gain from this trend, as it allows you to perform your role as a parent while still supporting the family financially on the side.
Many of these jobs are low capital and require nothing but a computer and a stable internet connection to get started.
Let’s take a look at what these jobs are and what they entail.
Blogging as a business
Is there a specific industry or niche that you are an expert in? Why not blog about it? A blog is an online journal that is written, published, and maintained by an individual, group, or organization. A blog typically talks about one unified theme although some publish about general topics.
Check out some latest blogging tools.
To make money off a blog, you need to pull an audience first; thus, it’s recommended to pick a theme or topic that you are knowledgeable about.
Suppose you’re a professional real estate agent. You can start a blog that guides people through the home-buying process.
Otherwise, you can document your own experiences as you go through a particular process, say, about your journey of becoming a stay-at-home parent.
What you write about determines who reads your blogs. And once you have successfully maintained a steady readership, you can start monetizing your platform.
Blogs earn money through ads monetization. You gain a commission by running PPC ads relevant to your readers on the platform. You can also earn money from paid sponsorships with relevant businesses.
Setting up a blog is easy and something you can get started on right away.
Selling art online
If you make art and are good at it, why not sell them online? The best way to find out if your art has income potential is to sign up for social media accounts, like Instagram and TikTok, and showcase your output. People on social media are generally forthright about their opinions. Their feedback will inform you whether you can make money out of something that you already love doing. And who knows? You may find your first client there.
Selling art on social media is just one way to do it. You can redirect your followers to other sites, like Behance, Etsy, and CafePress, to check out some of your work. You can even try to venture into the novel world of NFTs.
Lastly, “art” here does not only refer to drawing or painting. It also refers to jewelry-making, crocheting, sewing, toy-making, and so much more!
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Dropshipping is basically selling goods online without keeping your own inventory. You buy the product directly from the manufacturer, and the manufacturer will be the one to ship it to your customer.
The initial cost of investment to start dropshipping is roughly around $100 to $500. But as a beginner, you must be prepared to do your own research to start on the right foot. Fortunately, dropshipping guides for beginners are never in shortage online.
If you are a professional in a specific field with lots of experience, then you have plenty of moneymaking opportunities by working as an online consultant.
As an online consultant, you provide expert advice and guidance to a business organization or an individual. You can take on two or more clients at a time, depending on your schedule, and you can expand your target audience to anywhere in the globe.
Online travel agency
It seems to be counterintuitive in this day and age where information is freely and so readily available. But the truth of the matter is, those who do travel, especially frequently, simply don’t have time to plan a trip on their own.
Instead, they rely on independent or third-party travel agents to solve the major inconvenience of travel planning for them.
On average, travel agents earn anywhere between $50,000 to $200,000 annually. It’s a surprisingly lucrative business with a low-cost, low-risk entry on your end.
Earning an income as a stay-at-home parent is not only possible but also something you can get started on right away. Don’t let the lack of online experience intimidate you. Work at your own pace until you find a rhythm you‘re comfortable with. You can also sign up for forums and join social media groups where you can ask questions and learn from the experience of others. Trying out something new can be challenging but it’s also a rewarding experience overall.