This post is about that momma who may not want to start a full-fledged business but wants to make money from home. In this post, I want to describe7 activities that you can do at home to make money from home without necessarily running it as a full-time business. It does not mean it’s not hard work but it’s like a side hustle that brings you that extra income while you stay home to take care of your kids.
Most of this ideas are not full-time businesses, this is not the place where I ask you to start a Blog, because I know that Blogging is a full-time job if you want to make a success of it. These are called side hustles for a reason, they should not detract from you doing what you normally do.
So here we go
If you are what people call a wordsmith, then its time to use your skills to make money from it. When you go to places like Upwork and freelancer.com you will find that people are posting their Gigs, that is advertising their projects for someone to help them with.
Registering on such sites will give you the opportunity to sell your skills for potential income. If you are really good at copywriting you can have the opportunity to charge people who need copies written for their products which they want to sell. Another way you can make money is by registering with sites like Digital Nomads and watching out for companies that are looking to hire writers for their blogs or websites. The good thing about freelance writing is that you get to choose your own timing and how much work you want to do.
This a cool way of making money without having to carry people in your car.The good thing about this idea is that you can just load up your kids into the car, have a wonderful ride while making money at the same time, how cool is that.
Companies like Doordash have restaurants signed up with them who then have freelance workers like you sign up with them to help them do deliveries. The good thing is that you get to choose your working time. Another company that partners with people to help do their delivery is postmates, they do all kinds of delivery for their customers.
Are you a person who loves shopping, there is something for you to do, you can sign up with companies like thumbtack a platform that connects personal shoppers with those who need their services in that area. Personal shopping often is interwoven with personal styling, so you can find yourself thinking of taking it to a full-time business as you help more people do their shopping and styling.
Web search evaluator:
A web search evaluator analyzes search results for quality and relevance. It’s a job that algorithms do but the only issue is that it lacks the human angle to it. People are often hired by companies like Appen to help do these tasks.. You can also get to rate videos and ads quality while at it. The only downside to this job is that it is repetitive and boring and sometimes your project may end without you getting another.
Online surveys are the king of side hustles if you are willing to sign up to as many as possible and be patient enough to take the surveys to make you money. It’s a major way some people make money from home, it may come in different ways, some require that you take their surveys as they are sent your way. Some pay you cash while for some you get points which you can trade for your own needs. Example of such survey companies is Swagbucks, pinecone researchopinion post, survey junkie.
You can join companies that are looking for transcribers for their business. A Transcriptionist help transcribe audio recordings into written formats. You can also join platform like Upwork where you advertise yourself as a transcriber and get to bid on transcription jobs posted on their platform. The good thing about doing transcribing as a side hustle is that it requires little skills, all you need is your ability to listen intently and write down what you hear. An example of companies that hire transcribers is Rev
Doshapp is a new app that is still in its beta testing phase but you get paid to do your shopping in participating companies.what is more, you get to make money from other people when they use your referral link to sign up. This means that you can use your Facebook page to invite people to sign up for the service and you get paid for their referral. Dosh app pays you some money when you shop and travel using hotels that are part of their network.
In conclusion, while you may not be able to combine all these activities at once, you can stager the activities by starting out this way
First, combine this set to start off by making money from home, this is because they require minimal effort and do not require much to start off.
They include Using the Dosh app, registering for online surveys, web search evaluator and delivery. As you become more comfortable, you can then add freelance writing, personal shopping, and transcription.
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The holiday season has started out already from Black Friday sales set to hit this week to Cyber Monday, Christmas sales, Small business Saturday to end of the year outright sales etc, actually I will say this my post is a bit late but between lining up other posts, this kind of slipped my mind but better late than never.
If you have been a constant reader of my Blog you will know by now that I am that woman that believes in encouraging stay at home moms and any other person that is interested to start a Home business that supports their lifestyle. This is because I believe that what one does for a living should allow you to enjoy life as well and not just squeeze in your own lifestyle into it.
The Holiday season has already begun and of course, some early birds already have their gifts all wrapped and set to go.
If you are a Home Business owner no matter what is it you sell, this is a season when you will be selling more so why not be strategic about making the most of this season.
To enable you to do just that, I have some 5 tips you could make use on to ensure a successful Holiday season business delivery
1 Check your Sales Data from the last Holiday Season
This data will give you an idea of what worked last year and what did not work, that way you can learn what to tweak in other to get moving for the Holiday season.Y
-Your ability to pull this data out and have a thorough look will also reveal to you what marketing channels were the best in pulling over your customers and getting them to buy.
-If you just started your Home business this year as a result of reading my Blog then this is obviously your first sales season, I will advise that you look out your last 90 days of sales and know what has worked for you and what has not worked that way you can identify your top sellers and stock up on that product.
-You can also use that information you have gotten to plan your marketing campaigns, what are the advertising channels that have given you more sales than others? what can you do to increase your sales via those channels?. Remember that the season flies by fast so this is not the time to be trying out new sales strategy but the time to use proven marketing and sales strategy to get your customers.
2 Prepare your Marketing and sales strategies:
In this season, there will be a lot of people willing to buy products because it is the season for gift giving but this does not mean that you should not plan to target your ideal customers in your marketing campaigns.
-Set up your marketing campaigns to hit the sweet spot for your consumers, offer deals and discounts that will enable people who will not ordinarily buy from you to capitulate and buy from you.
-Your marketing strategies should be geared towards ensuring that your most converting audience: be it on Instagram, Facebook or via emails will be targeted and given the opportunity to buy from you.
3 Season proof your website:
-Your Website is your Mobile shop front, so you have to ensure that you are ready to sell at any point in time that your customers find you.
-Ensure that your sales cart is working well, test it out to be sure that there are no hitches in purchasing your products to avoid a high rate of abandoned carts.
-Ensure that you have a good customer service line or email available to attend to customer requests and issues and ensure speedy resolution of issues that may arise from purchasing your products. This will create repeat purchase from new customers and make them loyal to you.
-Advertise your coupons or discounts codes clearly for anyone that is on your site so they can know that there is a discount or sales period currently ongoing in your shop or business. In fact, do everything possible to ensure that anyone who visits your site is aware of what possible deals are on currently ongoing.
-Ensure that your site is Mobile friendly, Most people will access your website via their mobile phones ,so ensure that your site is tested ahead for mobile friendliness, you can check it out right now here. If there are issues, fix it and get ready.
-Check with your payment platforms to ensure that you have a sizeable limit that will accommodate your sales period, this is to avoid shut down of your account during the sales period.
-Protect your Site from Hacking and other security-related issues. Take correct security measures like installing an SSL certificate for your site if you haven’t already, putting in security plugins like Loginizer and wordfence. Ensure that your site is security proof to avoid theft of credit card details from your site.
4 Stock up on inventory
This will only apply to you if you are selling tangible products only if you are selling digital products you only need to create them once and set them on automation and you are good to go. However, if you are selling physical products which need to be made then you have to take it into consideration while preparing your store for the holiday season. Your diligent preparation will ensure that you do not run out of inventory during the holiday season.
If drop shipping is your method for your home based business, then you have to contact your suppliers or vendors to ensure that they have a good stock of products that will fulfill all your orders during the holiday season. I believe that proper communication will ensure a seamless build-up and delivery of products and services without hitches.
-It’s also important to clearly set out your delivery days and how long it will take for your products to arrive at your customer’s doorstep, this will ensure that you have fewer refunds and returns and also reduce the loss of customers.
5 Market Like a Pro:
Prepare yourself for the very big sales days e.g Black Friday, Cyber Monday, Christmas sales and small business Saturday. These are days that a lot of people are offering huge discounts to attract customers, ensure that your products you have on sale have these price markdowns visible where your customers are can see it so they know what is available. Trust me nothing makes shopping for Christmas or any occasion for that matter better like 20% off the original price. It often makes one feel like you are getting a good deal.
To ensure that you drive this season to the get the last bit of sales, set a target for yourselves in this season and aim to beat it.
With these preparatory tips in your kitty and your commitment to apply it, your sales season should be a breeze.
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Working at home as a mom can be quite challenging especially if you have kids between the ages of 0-4 years of age. This is because they are at the stage where they require your daily input to keep them busy. It becomes much more challenging when you have to take care of them, do all your house chores and still get to do your home business. It is little wonder then that we find all kinds of write ups on how to schedule your time so that you get meaningful work done while you work from home or run your home business as the case may be.
I know it can be challenging to be able to keep your little ones at home and still make a living, however, it’s not impossible, you just need to figure out how to make the best use of your time.
I decided to write this post because I know there are work at home moms who struggle with creating the needed time to give to their business just like me.I figured that we can make use of toys to buy some needed time in other to carry out one task or the other hence my post on the 10 best baby toys to keep your baby busy as a work at home mom.
Amongst my list are things which you may not practically call a Toy but a baby gear, however, the way I see it, as long as it helps you keep your baby busy while you snatch that little one hour or ten minutes here and there, it’s well worth it. This list is not all encompassing but with this ideas, you can know how to get your baby occupied while you get some work done.
My favorite for this list is the Push and Pull Toys, these are toys that encourage tactile movements in babies, cognitive ability, and sensory abilities. Once your baby is able to move around a bit, you will find that anything they can push or pull will be of interest to them, this is because it helps them to explore their surroundings and develops their sense of touch.
According to a publication in US National Library of Medicine, National institute of Health, Children who are not exposed to sensory stimulation often witness a delay in their cognitive abilities. So having established this fact, here are some toys that will help you get your baby making those tactile movements while you work.
Disclosure, there are affiliate links associated with this post, see my disclosure policy for details
This friendly ladybug Toy features motion, ability to travel when it is pressed on the back, it also has colourful light up’s with music and sounds as it moves. Encourages movement for babies of about 6m+
Fisher Price- Toddlerz ChatterTelephone
This chatter telephone is my number 2 with its friendly eyes, it begins chattering once pulled. It keeps your baby busy at least for while with the fun chattering sounds it makes. Enhances motion and audio skills.
This Toy is a perfect darling for your babies, it stands as number 3 on my 10 best baby toys list. The turtle once pressed will vibrate with some cheerful musical melody. This soft toy made with machine washable fabric will stimulate, audio, visual and tactile skills in your baby.
I love Chicco products because of its durability and fun colors. I still have a push bicycle my first son got as a gift when he was born. 4 years down the line, it’s still useable even though its back wheels are gone. Their products are easily cleaned without much stress.
A fidget like a toy for babies within the ages of 6m+, it encourages sensory learning, hand eye coordination, motor skills and exploration. Its textured feel makes for a sensory stimulation for infants.
Who doesn’t love a good Jumperoo to keep your baby excited and busy, find such fun in this baby gear, a jumperoo without a door way attachment. Suitable for babies that cannot walk or crawl out of it. No need for door ways, just attach baby and he or she is in a world of her own with lots of activity attachment on the go.
This toy features 5 unique play piece with ears that are designed as a teething companion for the teething baby. A stacker owl with a steady base for your baby to engage in a fun activity while you work.
Chicco Spring Roller;
Babies Like to keep busy, especially with the beginning of a crawl, they love to go after objects that roll, get on with it in your playtime with baby using this Chicco spring roller, it is motion activated with melody and lights when it is rolling. It encourages tactile movement in babies.
This Piano Gym with all sorts of baby play toys attachment is good for babies to explore with and play with. A kick on the piano plays some music for the baby. Its foldable and can be taken along when going out. It features a hippo teether, elephant clackers, and roller ball frog. It helps to develop gross motor skills, curiosity and discovery skills for baby. Best for baby from 0-12 months.
What can we do without the good ole rocker, to keep baby busy while you work. This rocker is a good investment as it can carry babies that weigh up to 40lbs. It features multiple uses including playing, feeding, soothing and overhead entertainment. It has a sleek and modern design and can be used by baby well into their toddler years. The overhead handle bar is detachable and can be removed when it’s no longer important.
This beautiful stacker cups will get your little one busy as heck as they roll or stack the cups. They are quite good and keep them busy. My daughter got this as a birthday gift pack and couldn’t get enough of it. In fact, it also found use in sand play as cups, pots whatever she could find to make of it. I love its multiple functionalities.
Do you have any more ideas on best baby toys you can use to keep a baby busy as a work at home mom? Leave a comment below.
Want more from thehomebusinessowner Blog, read my post on how to get
Finally, if you are a stay at home mom struggling with issues and you think you are alone, you don’t have to feel so mama, I got your back, read my post on 6 things a Stay at home mom struggles with. You will resonate with that post and also gain insights on how to solve such issues.
I can’t end my piece without sending my heartfelt prayers to our audience in Houston Texas who are experiencing a Flood due to Hurricane Harvey. Our thoughts and prayers are with you, stay safe. It is well with you, the Lord will uphold you and bring you out strong. If you have lost anything at all, it is because of him that you haven’t lost your life.
I have noticed that a lot of you my audience resonates with what this post is all about, so this has prompted me to develop an audio podcast you can take along with you, should you feel that you can’t take the time to read through this post or perhaps you want to listen to the tips I shared in this podcast more often. Please click on the Link below and download the Podcast
The word stay at home mom evokes a lot of different pictures in peoples mind, for some, it’s a word used to describe women who don’t like to work but prefer to sit at home and watch movies all day in the name of looking after their kids. I really wish it were so but I do know now it’s not so.
Stay at home mom is a woman who wears all the hats there is in the home plus some more without having the attendant payment to show for it.
When a woman chooses to be a stay at home mom, it’s often a huge sacrifice she has to make in other to see that her home is well run or in other to see that her kids have the kind of training and nurturing that she desires.
Some women have been known to leave lucrative careers to become stay at home moms because the effect of leaving their lovely ones in the hands of other people to care for became too much to bear and therefore they chose that off the career ramp option to care for the most important people in their lives.
For some people it may make sense for others, it may not because after all is said and done, it’s the investment you put in your family that matters most.
Children don’t care if they are in the most expensive house or car or wear the best clothes, as long as their parents were there for them when they needed them most.So today I am going to share with you the 6 things that stay at home mom struggles with because I have been there too and I know what it feels like
–Feelings of Inadequacy:
If you are a first-time mom who just chose to stay at home, this may resonate well with you, that feeling of do I know what I just did? I mean I just left my well-paying job to stay home to take care of my baby. Sometimes you may even feel like even the mom job you are not doing so well at it. The truth may also be that at least for your paid job you were well trained but to become a mom, you had no prior training and yet you are expected to be perfect at it.
You feel inadequate because you are trying to cope with having to leave a career that once defined what you could bring to the table at home and then you also have to cope with the fact that your new job does not have any job description attached to it. There is no end to where your job stops, you are the nanny, caregiver, nurse, housecleaner, and any other thing that comes in between including cook, driver, encourager and the list goes on.
While you struggle with coping with all these issues, guess where your report card is shown, at places where you get some judgmental looks or comments for not getting your act together as a mom. From those who think that by giving your child the bottle, you are just being lazy, “every hard working mom should be able to breastfeed exclusively for the first 6 months of a babies life”, does this sound like a familiar jab?, well for me I tried it but it didn’t work, in fact I got sick before it dawned on me that everyone has to find what works for one in this journey of mommyhood.My first son loved the bottle, my daughter liked breastfeeding a lot, in fact, she refused the bottle and went straight to eating solids.
So what do you do with all these struggles that you are facing?.I would like you to know, that the first time you start as a new stay at home mom, it will seem strange to you just like when you resume your post on a new job, but with time, you will find your rhythm.From then you can then begin to try out new things and see what works and what doesn’t work, you can then decide to throw out what doesn’t work for you and choose what you are comfortable with. And who says that as you go along you won’t acquire the experience which you can package and sell out to new moms like you for a fee. For how to do that please read my post on how to turn your life experience into a money printing online business
The interesting thing about being a stay at home mom is that you don’t have a specific work time, from the time your feet hit the floor in the morning time, assuming you had all night sleep which is often a mirage when your kids are between ages of 0-4 years.
Your work is almost like a round the clock work from fixing breakfast, lunch, and dinner to cleaning the home, running errands and shopping. You are practically at work even when others are having a break, no wonder you sometimes feel overwhelmed and overworked.
You may also feel underappreciated when you are not being praised for the work you do at home. Some husbands have been known to come home and say, “ honey what were you doing all day that mydinner is not yet ready”?.
No one understands the many times you have to calm a crying baby or break up siblings quarrels or even act as a judge and jury. It can make you feel like your energy is being sucked out daily, my little advice about this is to find that time to rest during the day, if it means putting the kids to nap in the afternoon and taking your own nap too to get your energy back please do so.
Of course, it may mean that some things won’t get done perhaps a scattered house or unfolded laundry, but like I always say, a grumpy mama is no good to anyone. So always find the time to tune off during the day and just relax. It may not necessarily be sleep, sometimes I find that just sitting and watching cartoons with my little ones helps me to relax. You can also choose to quit trying to have everything in the perfect place in other to feel alright.
Now if you are a hubby reading this, know that appreciation goes a long way to make a stay at home mom’s day better. A night off duty will be nice, a back rub here and a foot massage there will make a world of difference.
–The baby company only:
When you are a SAHM with a baby at home, the only company you will have is that of a kid, while that is lovely I mean who hates the company of her babies, but sometimes you want to have adult conversations. Where you to be working outside your home, you will often meet new people or at least converse with people like yourself but for a stay at home mom, it’s often baby talk all day long until hubby comes home. This might look good some days at least you have some time to think things through and strategize for any project you have on hand without any distractions. Unfortunately, this may not be the case always because the same distractions can come from children too.
So what does a stay at home do in this case, I say in any case be involved in online forums where you can discuss issues that bother you or vent on what you are going through. When time permits, pick up the phone and call a close friend or family member with whom you can spend time discussing with or exchanging ideas with, this will make you feel a lot better. If you are working from home as a blogger or doing any form of online business, belonging to an online group of people of the same challenges as you can help you gain a better perspective of issues you may be dealing with at that particular time.,
This aspect of the struggles of a stay at home mom is very controversial, for some, it’s the constant struggle to stretch the money available to cover all the household bills, for some it may be that you didn’t even have enough to last you throughout the month. For some, It may be that you just have just enough but not excess to take care of some niceties that you are used to when you were working outside the home. While for some people finances may not be the problem but just the feeling that you are not earning anything at all and so you are a one income household.
Whichever divide you fall into know that there is a way out of it, working has been redefined so much right now that you can earn your income even while staying at home, if finance is a major issue for you, then consider ways of working from home to earn extra income.
Here are a few options to earn extra income from home. You can start a home business, offer your services as a freelancer from your home by signing up on platforms such as Fiverr, upwork or you can choose to work for other people from home which may entail applying for online jobs that you can do. Which ever way, you choose to do it, there is a way out you don’t have to feel like your finances took a nose dive and you can’t change it.
Sometimes you may discover that starting that home business was what you really needed to take your family off the 9- 5 rat race. If starting a home business is your thing, then consider reading my post on how to choose the right home business for you.
Feeling Left Out:
Have you ever gone for an outing where you bumped into an old school colleague or work mate and you started discussing especially pertaining to your field of study or work and you felt left out because a lot has changed without you being aware? This happens particularly when you are a new mom, for the first one year and especially the first 6 months its like you are underwater, your life is practically buried within fulfilling your babies needs, first-time moms can resonate with this better. If you carry on discussing you may feel like you don’t seem to know the trends that are even going on now, thanks to your new job, stay at home mom Lol, but seriously those feelings of being left out if left unchecked can begin to make you resent your decision.
But before you go feeling sorry for yourself or getting angry, understand that you need to remind yourself the reasons why you made your choice in the first place, and make peace with the fact that you may not know a lot of things that are currently going on in your former field of work due to your new position but you can begin to make amends by building and connecting with people who are on the same journey as you are and understand the challenges.
Keeping up with colleagues from your former field of influence may not be useful to you if you are not planning to continue in that line of career. Realize that you have changed career and focus on what you must do in the now to get you quickly ramped up on the new journey you are on.
It may mean taking courses to get you ready if you want to start a home business or even starting out without training at all that way you learn the hard knocks your own way.
Either way, you are gathering knowledge that will aid your journey as a stay at home mom who wants to work from home. If you have been brainstorming ideas about different types of home businesses you may need to read my post on 5 posts that teach you how to make money online.
The truth is that being a stay at home mom doesn’t mean that you can’t utilize your skills in other ways to earn money. With the advent of blogging these days, all forms of knowledge are now monetizable.
For example, who knew that you could sell your knowledge on how to organize your home, take care of a newborn, keep yourself fit e.tc. In fact, information that used to just sit with you doing nothing has become sources of income.The online media has made it possible to be able to share such information’s now and make good money from it.
As a stay at home mom, there are times you just feel like you really want a leave, I mean people who work 9-5 have that opportunity of taking a leave to just go home and relax and recharge before going back to work. But for the stay at home mom, she doesn’t get to get that time off.
There are no leave days, where are you leaving to? , your home is supposed to be your leave escape but now you get to stay in it every day and it doesn’t look like it will make for a leave escape anymore. The good thing about this situation is that you don’t have to apply for your leave in other to take one. or technically you can apply to your hubby to take a leave from work and stay home so you could take the much-needed leave in other to refresh and recharge.
You can choose to go out that day with friends and just have a girls day out or better still visit a close family member whom you can relax in her house and feel like you are in your own home and on holiday without the attendant stress of having to care for your home.
Maybe you can go for a mini holiday to a nearby tourist attraction and just spend time alone, pampering and recharging yourself. Of course, there will be a time and place for family vacation but this little time out is for you alone, so you can be a better mother to your kids and give your best to them. Thinking of taking that mini vacation then try using Booking.com, they have excellent services for your vacation needs they have budget hotel rooms if that suits you.
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Do you know of any struggles that a stay at home mom has to deal with, leave a comment below, it will be appreciated?
How to Choose the Right Work at Home Business for You
Creating a work at home business is a great way to balance your family life with your need to earn money. But, you need to seriously sit down and figure out whether you want a product based business or a service based business.
Both product and service based business sell a product but in one case the product is tangible and in another, it’s a skill. In order to determine that let’s look at some differences between a product based business and a services-based business.
Product Based Business
When you sell a product it’s usually a tangible item but with the advent of the Internet and digital products, the lines are being blurred. Today, you can offer digital products, courses, books, blogs, videos and information as your product as well as products you can touch like jewelry, art, and so forth. Don’t get tied up in thinking you must create the products. You can become an affiliate or reseller for the right products. To learn about affiliate companies that will easily accept you when starting out, read my post on affiliate network that will accept a newbie blogger.
Services Based Business
When you deal in services the client puts their faith in you and perhaps your staff to perform the services they hired you to do, depending on your skills and experience. These are things like bookkeeping, architecture, legal services; virtual assistance, graphic design and coaching services are all service based business.
You can combine both a service based business model with a product based business model on the Internet and have the best of all worlds. For example, you can promote a book and a course as a life coach offering your coaching services as your higher priced product over the books and courses.
In order to determine what services and/or products you want to promote in your work at home business take the time to do your due diligence.
-Make a List of Your Skills – It’s important to do an inventory of your skills. The first thing you need to do is to write down a list of what you already know how to do. Do you have computer skills, people skills, and knowledge that you can share with or teach others?
-Determine Who You Want to Work With – Do you love a certain group of people and what they do or what they stand for? For example, perhaps you are currently a paralegal at a law firm and you enjoy working with attorneys and helping clients who are dealing with divorce. You can still do that with your own work at home business. It’s important to identify the exact audience you want to work with whether you’re going to promote products, a service or both.
-Make a List of Things You Can Do for Your Audience – Once you have your skillset and audience determined now you can start figuring out how to solve their problems. Identify their pain points of the audience you chose, narrow it down to two or three pain points and then figure out how you can serve them.
-Match Your Skillset with the Services – A key in choosing products, creating products, and offering services is to match your skill set with what is needed to solve the pain points of your audience. When you take the time to do this you’ll find that your work at home business is going to be more successful.
Finally, once you’ve chosen your audience, and your niche within that audience and whether or not you’ll have a product or service based business (or both) you’ll have some other things to work out too. Ask yourself the following questions.
For more on choosing the right niche, get my Free e-book
How Much Startup Cash Do You Have?
The type of business you choose will be affected a lot by how much cash you have to get started. Service-based businesses are a lot less expensive to start, depending on your skill set.
Digital products don’t cost much more to develop either, again depending on your own skills and whether or not you’ll need to outsource some of the work such as website design or product creation.
You can start a work at home business for relatively little money compared to a brick and mortar business. You don’t have the high rent, utilities and so forth to pay for like a brick and mortar business. Therefore, your startup costs can be a lot lower, but you still have startup costs.
-Business License Fees – You need to get a business license in most states and counties in the USA to run a business from your home. Usually, the cost is very low, so don’t allow yourself to be afraid of finding out the costs and rules in your area.
-Technology Costs – You may already own a computer and the technology that you need, but you may need to invest in some extra software too. Today you can “rent” software on a monthly basis which makes it a 100 percent write off like other direct expenses. For example, it costs $9.99 a month to rent bookkeeping software through Go Daddy. That is a cost you can write off as an expense.
-Contractor Fees – You may need to hire help such as marketing professionals, virtual assistants, web designers and others to help you get started and maintain your business.
But, there are also deductions you can count on when running a business from your home. If you can set up an exclusive area of your home to be the home office you can get quite a large home office deduction that makes everything even less expensive when starting a home business because these expenses you can deduct won’t go up, such as utilities, electricity, internet and so forth.
Another way of determining how much it will cost you to start up is by writing a one-page business plan. You can read how to go about that in my post: you don’t need a 100-page business plan to start one. In that post, you get a free template you can use to write your plan down.
Do You Like Being Upfront or Behind the Scenes?
Some people love the idea of their work at home business being all about them. They name their business with their own name, they are the business. This is common with life coaches, public speakers, and even doctors. They are the expert and the name behind their business. Others prefer to be more behind the scenes and not be a household name.
There is no right or wrong answer when it comes to this. What matters is that you are happy with your choice. Don’t try to push yourself into a position that you don’t like because it will make it hard for you to want to work your business each day. Be honest with your assessments about your tolerance for publicity.
Do not think that if you’re an introvert you can’t create an amazing home based business, you can. The Internet is the perfect place for that. Some very famous introverts are J.K. Rowlings, Bill Gates and Warren Buffett. While they didn’t directly start an “internet-based” business they all started at home.
How Much Time Do You Have to Devote?
Another important factor is the time it takes to do a business. A service-based business essentially trades hours for dollars so you’ll need to have enough hours at a high enough rate to make the money you want to earn. With a product based business, you may be able to earn more without considering the hours as much.
However, with a service-based business, you can earn money faster which is why combining a product based business with a service based business is a good option for many who need to start earning faster. For example, you can start with a book, and then offer a service described in the book. This works great with life coaches.
Answering these questions will help you identify what you can realistically do as a work at home business. Once you identify the niche, your resources, and narrow down what you’ll do to earn money in your work at home business.
In addition to these questions, it’s important to understand what goes into the business you want to start and that you have the skills necessary to do it.
Do Your Due Diligence
It’s important to check your facts before you get your heart set on any one business. Once you’ve matched your skills with your audience and identified their pain points now you need to dig in and do some more research.
-How Many People are In Your Target Audience? – This is an important question to answer because if there aren’t enough people in your niche to be profitable then you may need to choose a different audience. If you need to earn 100K a year, you need to know how many people you need to sell to.
-What Price Point Can Your Audience Afford? – In addition to how many people are in your target audience, you need to know how much they can afford to pay for your potential products and/or services. What is your offering worth to them and can they afford to buy them?
-Can You Earn the Profit You Need? – Based on the numbers can you become profitable? This is such a huge issue when starting any business. You have to perform an analysis, called a S.W.O.T. analysis, which stands for strengths, weaknesses, opportunities, and threats.
Don’t leave a stone unturned in your research to choose the right work at home business. You need to know the good and the bad of each choice that you make before you even get started with your work at home business. While doing your research, consider making use of my Resource library.
Other Things to Consider When Starting a Work At Home Business
There are so many things to consider when choosing a Work At Home business to start. Because you don’t just want to start, you also want to earn a living at it. Outside of the logical things to consider mentioned above, there are some emotional factors to think about.
-Do You Feel Passionate About Your Niche? – When you have your own business you have to be willing to live it and breathe it. If you don’t like it and don’t have a true love for doing it, whatever it is, you will not be happy doing it and you’ll likely not devote the time and effort needed to make it successful. Ensure that your choices come down to something you feel strongly about enough that you can envision yourself doing it every day 40 or more hours a week, happily.
-Does It Match Your Value System? – You may not realize that you even have a value system. But, when you start thinking about the type of people you’ll work closely within the new business, and their values and moral code, you’ll soon realize that it does make a huge difference. For example, let’s say you want to start a paralegal business from home. Do you want to work with lawyers who defend criminals or who help people through a divorce? If either of these ideas goes against your value system you won’t feel good about it.
-Is it Viable Long-term? – A huge issue with any business is determining whether or not it’s a short-lived fad, or a trend, or whether it can hold up long term. There’s nothing wrong with cashing in on a trend, but you want your main business to stand the test of time and last for the next ten or twenty years.
-What’s Your Exit Strategy? – When you work for someone else, you have an exit strategy built in. You pay into social security and usually a company retirement plan and that’s how you live when you stop working. But, when you have your own business while you do pay into and can collect social security, you’re 100 percent responsible for the payments and setting up your own retirement plan. If you create your work at home business right, you can actually sell it for retirement. It’s a real, viable business and you should think of it that way.
Developing a profitable home-based business takes just as much work to start as a brick and mortar business. You still have to do the work by the numbers, and meet the requirements of the law. Plus you want to actually like what you’re doing in the end. After all, it feels good to go to work if you like it, right?
Otherwise, it’s just going to feel like another job that causes stress in your life and makes you want to run away. If you do the work necessary to choose the right business for you, you’ll love it, feel motivated every single day, and end up happier in the end. You’ll have true time and money freedom with the right work at home business.
When you start any business it’s important, to be honest with yourself about what it takes to get things done. Keep track of the time, money and resources that you use so that you can project your future needs. Keeping the books balanced will help you keep your business on track.
-TimeFreedom – Knowing how much time you’ll really need to spend on your business is important. If you only have 2 hours a day to spend, you’ll need to ensure that you pick the right business to be in.
-MoneyFreedom – Keeping track with a bookkeeping system is important because if you don’t have money to pay your taxes and expenses you’ll go out of business.
-Personal Freedom – One of the best things about a work at home business is that you can adjust the time you spend on your business so that it works better with your life. However, sometimes you have to put the business first. If you always choose family and friends over your business, your business will fail.
By understanding the myths about working at home, you know – the sitting on the beach with your feet in the sand while your business magically generates millions of dollars is a fantasy. Now you can set up a more realistic business model that will be successful for you.
No matter what type of business you choose to run from home, don’t be shy about it. Once you make the decision, be proud of it. Tell everyone you know about your new business. Teach other people about your working hours so that they respect your time, project the type of professional image that you want people to see you as, and don’t hide. For doubters, show them the money.
-Website – Home-based businesses even more than bricks and mortar business need a website. That is your storefront. You need to create an awesome storefront to market your business.
-Business Cards – Make some business cards to help you get the word out in person and locally. You can put business cards on tables, bulletin boards and in the hands of people you meet every day.
-Networking – Don’t forget that you can network online too with social media groups and forums. You don’t have to walk up to someone in person; you can instead engage people online to network.
Running your WAH business can be very satisfying if you go into it with your eyes wide open. Determine the best business for you based on facts, not myths. Craft a plan of action to get your business up and running and be proud that you’re a WAH business. After all, if you plan it right, you’ll have the business of your dreams plus the time to enjoy your life.