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
Freelance writing:
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.
Delivery:
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.
Personal Shopper
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:
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.
Transcription:
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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HGTV anyone, raise your hand if you love watching that show. I watched like tons of it, I loved watching how ugly homes were bought, transformed and sold at a good amount. I loved Fixer upper Flip or Flop and Love it or List it.
My love for interior décor and design started long ago when I moved to a new home. I was involved with the designer that designed my home, I got to pick the colors that worked for me and that home turned out perfect.
Today I will be talking about starting a Home staging business from the perspective of a Home business, I know that sounds cocky but I guess I will let it slide. For those who love to watch HGTV or are interested in real estate, you will always see those guys who offload the furniture and arrange empty homes to make it look beautiful before it is listed for sale, those people are called home stagers.
The work of a Home stager goes a long way to help increase the value of a home, real estate agents have been known to sell property well above their value because they engaged a good home stager who brought out the beauty of the home. They also help to create the ambiance which makes people consider buying a property.
Ultimate Portfolio Guide for Home staging by Debra Gould
To start a Home Staging Business here is what you need to do.
1.Understand your Market
Home staging is like an accessory to the real estate market. This means that most Home staging business jobs in conjunction with real estate agents or homeowners who are looking to sell their homes. Home staging helps to bring out the beauty in a home and also enhance the essential qualities in a Home in other to make it more appealing to the buyer.
You will need to study your real estate market before you decide to start your business for instance, here are some questions you need to answer
-Where are the homes selling, what seasons do you see for sale signs everywhere?
-Where are the real estate agents who are involved in selling these homes and how will you approach them to market your services?
-Where is the next real estate fair taking place and how will you participate?
These are some of the questions you need to ask yourself so as to get a good knowledge of what the market is about before you dive in.
2.Put together a Portfolio:
One of the beautiful things about Home décor and Home staging is the fact that a picture is worth a thousand words. This means that once people see your photo shots, they quickly have an idea of what you can do. So in starting Home staging business, the first thing you may need to do is to put together a Photoshoot which you can use as your own portfolio, this will give people an idea of what you can offer.
Remember to take the before and after pictures so as to illustrate the difference that your services made in the home you staged. If you are just starting out you can use your own home or friends home. You may even reach out to Homeowners who are trying to sell their homes and offer to home -stage for them for free in exchange for recommendation and referrals.
3.Network with Real estate Agents:
When one is starting a business, one of the most daunting tasks is always where do I start from, how do I reach out to people who need my services. I think the first thing you may need to do is to connect to people who are selling homes, that is the real estate companies and agents and offer to work with them.
You can choose to start by showing them your portfolio or even offer free services for a start so they can see your handwork before perhaps making a commitment to you.
Another set of people that you need to connect with are Furniture sellers, renters, and logistics people and generally, stores who sell their goods to homeowners. You can also connect with local people who live in your area they are often the ones who know what homes are hot on the market, those who are eager to sell.
4.Write a one Page Business Plan:
A business plan is a document that enables you to know how to make money from your business. I know that when people hear the word business plan, their mind gets switched off especially if you don’t consider your self-business savvy but it does not have to be something fanciful, just a One-page business plan will do.
If want one, please go here to read my post on the one page business plan. Your business plan will enable you to plan and itemize your income streams and decide how you are going to make money from those income streams.
Home staging Business training
5.Marketing:
Your Marketing plan is an integral part of what you will be doing in other to land your first client. Getting your name out there may require the following marketing drives
–Set up a one-page website:
To learn how to start a one build a one-page website you can read my post on how to start a Blog when you are not Techy, yes it’s not a Blog that you are starting but a simple website is no different from a Blog setting, that’s why I refer you to that post
Set up your Online Presence:
Start by setting up your different social pages like Instagram, Facebook, Pinterest, and Twitter. Because Home staging business is a visual-based business, you cannot afford not to be on Instagram and Pinterest, It pays to understand what platform will enhance your business more.
Offline marketing activities will include
-Attending local reals estate fairs and distributing your marketing materials aka, cards, Fliers, and banners.
-Checking out your neighborhood for recent listings or even properties that haven’t sold in a while. Perhaps your staging business can contribute to enhancing its value.
-Submitting your portfolio to Real estate offices.
Skills that you may require start off
Home staging business is an unstructured industry, therefore, you may not need any kind of licensing in other to set up your business. Except of course incorporating your company, businesses want to deal with businesses, not individuals.
–A Natural talent for decorating, designing and staging: This may be an innate quality which you have within you in that case you just need to brush it up by reading up materials which are related to the business and increasing your knowledge. You may also decide to take a course if you can afford it.
One of the people I will advise you take a course from is an industry professional who knows what she is talking about when it comes to home staging business. You can look up Debrah Gould from stagingdiva.com she is an all-time industry personnel who offers courses in Home Staging. Her courses are pricey but I know they are worth it
-A good Knowledge of Interior designing and Home décor will be of enormous advantage.
A keen eye for organizing things: Since home staging is about arranging stuff to tell a story or create an ambiance, you should have a keen eye for organizing things to make it work
Love for shopping and decorating: You love to shop for furniture decor accessories, you know how to get a good bargain.
Revamping furniture: Love for refurbishing and refinishing Furniture to make it look new
Color combination: Natural sense of color combination and coordination
Business skills: Which includes marketing, budgeting, negotiating, proposal writing, contract drafting.
Photography: Ability to take pictures from an angle that gives the best benefit.
P.S: You may not have all these skills but if you have a love for decorating and interiors, you can begin to actually learn and implement on your small projects till you perfect it.
How to start a Home Staging Business
Types of services you can offer as Part of your Home Staging Business
Home staging for Sale: This involves when you are staging a home for real estate agents who want to sell their homes
Home staging for Rent: This involves when you are staging a home because the owner wants to rent out his home perhaps to vacationers or even long-term living.
Color Consultation: This involves color consulting for the homeowner to know what types of colors suits them so as to guide them in choosing the best color spectrum for their homes.
Home decorating: This involves furnishing and decorating homes for individuals who want such services and are not interested in hiring an expensive home designer.
General consultation: This includes general consultation that can be done online for people who desire to decorate their homes themselves but have no idea where to start from. This could involve, coaching calls, online written instructions.
Resources you will require to start a Home Staging Business
-A business license and structure
-A good camera
-Laptop
-Phone
-Home office
-Initial start-up capital
For more resources on how to start a Home Staging Business visit here
It’s a brand Newyear, and the Newyear resolutions are flying up and down, a lot of people have made decisions on how they intend to live their life this New year.
For some people, they are looking for Trending home business ideas in 2018 to tap into, while some already have their own business idea and are thinking about how to start it, for some it may be a change of job or even starting a new job
I am sure you have also made yours, perhaps you are a stay at home mom who has been longing to start a home business but has not found the guts to start one. This may be the year for you or maybe you are a new mom who is on maternity leave and you are beginning to think about how hard it will be to leave your baby and return to your workplace.
You may even be someone who is tired of the daily grind of the job that you are doing, you are in a dead end Job, you get up, work and pay the bills and the cycle continues, you have no joy in what you are doing. The prospects of you moving up is not on the horizon, and you feel stuck.
If any of this scenario applies to you, this year is another year to make a decision that will change the course of your life. The decision you need to make is to start a home business that works best with your lifestyle.
If you are working full-time somewhere else, then start a side hustle that you can build a business with. Whichever situation you are in, don’t make the mistake of ending this year the way last year ended, liberate yourself and use this post to start your life all over again.
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To help your journey, today I will be talking about the 10 Trending Home business Ideas in 2018.
1 Online Restaurant
The first on my list of Trending Home business ideas in 2018 is the Online restaurant business. It is a type of Home business where you get to partner with local restaurants that you love and who provide good food.
You curate such restaurants and you partner with them by marketing their food to your audience, once you make a sale they will be responsible for the delivery of the food to the consumer, kind of like restaurant food drop shipping business.
This is a good business you can do from the comfort of your home, once you are able to develop the partnerships you can then go ahead to market to your audience.
You can make money by taking a percentage of the sales of each meal sold or by marking up the product. Any way you look at it, you can run a good side business with this idea.
All you need to do is to be sure of your delivery times and time to process it. This will work perfectly for you if you are a foodie and you already have an audience around you that share the same likes. A quality camera will be of use as you take pictures of what you hope to sell.
Statistics posits that there is also a high demand for the on- go meals, especially for busy professionals who value good and healthy food. They are also willing to pay extra for the convenience of having such meals delivered to them.
Take a look at the trend below where 55% of people surveyed looked to ordering online takeout restaurant meals as their way of eating.
Culled from Luxresearch
Be sure to know the rules guiding the business before you get into it.
2 Professional Organizing/Decluttering:
With many people wanting to go minimalist in their ways of living, being a professional organizer can be a lucrative business. According to Abc News, lots of Americans are choosing the minimalist living and also making it a movement.
You can offer professional organizing as a consulting service where you take a look at the entire home and you design a decluttering plan for your clients to help them move into minimalism.It will surprise you how many people do not know how to declutter their lives, they also do not have an idea where to begin their minimalistic journey.
Sitting down and consulting with such people can make a huge difference as they work towards getting rid of the clutter that their homes have become.
The Newyear is often the time when people make such decisions so now is when you can get your clients signed up. You can structure your services to be a one time service or an ongoing service where they get to pay a subscription to get your professional advice or in-house consultation.
3Virtual Recruiter ( A Trending home business in 2018)
The American economy is on the rise, this creates availability of new jobs especially as the Tax cuts occasioned by this administration will be encouraging a lot of startups and new businesses and also onshoring of funds. This article posits that the only thing that will slow this growth down is the paucity of people to man the jobs that are being created.
This creates a huge opportunity for anyone who has some level of experience in Human Resource or Recruitment. You can start a Virtual recruiting service that provides talents for new businesses. If all you have is just your skills and no money to own start a company of your own, you can sign up with a company like Relode, that is offering a hefty commission for helping them to recruit medical professionals from your network.
There also a lot of recruitment agencies who are looking for Virtual recruiters who will deliver the needed professional talents for their business to outsource to their businesses. Therefore you have no excuse not to use this as a side hustle if you work full time now and are looking to make more money in this new year.
4 Social Media consulting:
We can’t talk about the world we live In right now without talking about social media, it has become the melting pot that connects a lot of buyers and consumers to the sellers. The only issue is that companies and businesses are often struggling to learn the best strategy to reach their own consumers if you have skills in social media marketing, this is an opportunity to start a consulting business form the comfort of your home.
You can offer your services to companies who will pay you a handsome amount for your service. If you are business minded, you can develop strategies for them that will enable them to win in the marketplace. I believe that this is one business that you can start with and work towards not just running it a home business but a full-fledged consulting firm as time goes on.
5 Resourcing Talents for Homecare needs for the Elderly:
As the American population ages, more and more services are required to keep the elderly comfortable as they live longer and longer. This has thrown open new business opportunities as the companies who run the facilities for elderly care are in constant need of skilled talents who will provide the services they require.
If you have any skills or training that has to do with caregiving, you can start a resourcing company that provides talents for the elderly care industry. This is a huge market that needs lots of eye for details. The need can be for those who provide in-home care or for those who provide care for the elderly care in their facilities. Whichever one it is, you can earn a living just by resourcing fresh talents to this industry.
6 Freelance Writing:
Do you have a skill for writing good pieces that people love to read? then the freelance writing world may be your recourse to starting a business this year. I listed this option as part of the trending Home Business in 2018 because I see a huge demand for content as more and more businesses start a blog for their business.
Many people make a living writing for other people without necessarily having a blog of their own, In fact, in the blogging world, freelance writing is considered an income stream. So if you are seeking a home business that you can start, becoming a freelance writer is a sure way of starting your dream home business.
This is because there are lots of companies out there who require a writer that will consistently write for their blogs. They perhaps do not want to hire a full-fledged writer, of course, so using freelance services means that they can fulfill that need without adding to their payroll.
Some freelance writing gigs pay up to 500 dollars a post depending on how good you are. Here the more popular places you can get a freelance writing gig Elance,Upwork, ProBlogger, freelancing.
7 Online Box Subscription services:
Box subscription business is currently on the rise as many people are buying into the idea of getting boxes of products or services that are curated just for them. The first thing you have to do here is to discover which niche you want to play in if you want to know how to discover your niche, get my free ebook
The reason I wrote online subscription box is that I am actually looking at curating materials which are not necessarily physical but which are digital that can be delivered once the person pays. It could be digital materials designed to train someone in a specific area of their need or it could even a potpourri of courses carefully selected to help someone out of a specific issue. Subscription boxes are the rave now and so you will find a huge market for it amongst bloggers and online business people.
Breville Milk Cafe, Milk Frother
8 Dog walking services
This is a home business idea that is evergreen because for so long as humans are here, the pets will be here too. If you have a love for dogs, you can start a dog walking service in your area to help you make an income from home.
If you have special knowledge which you can deliver to your customers to better take care of their animals then you are well on your way to having a Dog walking service that has a consultation as part of its service portfolio.
9 Virtual Assistance :
Due to the boom in online businesses and home-based businesses, many home business owners now require the help of virtual assistants in the day to day running of their home businesses. I picked this option as a trending home business in 2018 because I am a blogger and I know many bloggers who have become successful because they outsourced some part of their blogging requirements to virtual assistants.
This has made it possible to scale their businesses as they became much more focused on the part of their business that they were exceptionally good at.
Starting a Home business that is into virtual assistance can be a way of making that income that eventually replaces your fulltime work income and hence enables you to get the life you want.
If you want to learn how to become a virtual assistant, then get this Bundle compiled and written by Sarah of sarahtitus.com You will find that She is a champion when it comes to becoming an excellent virtual assistant. She will teach you via her materials and blog also all you need to do to be able to start up and run.
Binders and Planners By Sarah Titus
10 Data mining and Analysis:
With the boom in online business and digital marketing, corporations and businesses are consistently collecting data and churning out data that they don’t know how to use to make their business grow.
Becoming an online data analyst can be a good home business to do in 2018. It made my list for the trending home business in 2018 because Big data is the in thing right now, companies want to make sense of their analytics in other to predict consumers needs and demands in the future, I also know that data analysis is important not only to big businesses but to small businesses as well. Even people who start a blog have to keep track of their data if they want to make meaningful decisions that will grow their blog.
Now you have read all through my trending Home business ideas in 2018, over to you, do you want to start a business? sign up for my email list to get fresh ideas weekly.
The next thing will be to Join a group of like-minded individuals in a Facebook community where we encourage each other.
If you also have other ideas that I have missed, drop your comment below.
4 Things you Must Do to Jump start your Newyear as a Home business owner
It’s the last of day of the year 2017, today is probably a day of reflection for many people. It’s a time to recheck the different areas of your life to see how you ran throughout this year.
Those different areas could be your home, marriage, finances, relationships, business or career depending on which divide you fall into. You may be wondering how to Jumpstart your Newyear in the area of your business so as to ensure that you have an early start for the first quarter of the year.
Today will be that day you will be wondering how you have fared throughout the year if you had plans for the year you may want to pull out your plans and compare notes to see what you achieved.
While for some, this is an exercise that will bring exciting news as they see that they have achieved all that they have set out to achieve. For some, it may be sad because they could not achieve all they set their mind to, whichever divide you fall into, thank God that you are alive to make new plans and dream again.
Today you can take a look at those areas and begin to work and strategize to see how to take a different approach to achieve success where you failed before. In doing this I would like to share with you
4 strategies to be mindful of as you Jumpstart the New year as a Home business owner.
1 Planning ,Strategy & execution:
You may have started the outgoing year without planning or strategy talk more about execution. If this was how you ran the outgoing year, then do not repeat this same thing in the incoming year, even if you are afraid of planning, its time to whip out a Planner and begin to plan for the next year. You have to set down a laid down path to your success for the coming year if you want to Jumpstart your new year on a good note. To learn more about how to plan your week please read my post on how to kick chaos and plan your week as home business owner.
It’s a wise saying that he who fails to plan, plans to fail, Its time therefore for you to do some research on what strategies you will employ to ensure that your plan is executed. A big plan and strategy on paper without execution is useless.
Honest Bloggers Binder by Sarah Titus
For you to execute all that you have written down, here is what you need to do
– Write down what goal you need to achieve per quarter
-Break it down into targets for the week
-Break down your targets into daily to-do lists and mark it as done once you have achieved it
– Measure and Test: You have to measure your success and see if your strategy is working. For instance, if your quarterly goal is to reach a pageview of say 3000 per month, then you have to write down your initial pageview before you begin your strategy.
You can then track your progress by writing down your weekly stats to see if you are making progress or not. This will help you to change strategy should what you not be seeing any results.
– Finally, if you have got the hang of it, rinse and repeat if it’s working for you.
2Your Product.
Your product or service is what you are offering to the consumer in exchange for their resources, that’s how you make money. For you to jumpstart your Newyear you have to take a good look at your product line and outline what income streams you expect to produce your income this year. In doing this, here are some pertinent questions you need to answer
-Does your product meet the consumer desires? is there a demand for your product?
-Do you think your product makes an impact on the consumer’s mind? if it does not, then its time to either repackage it to make it more attractive or throw it out completely and find something else that is of value to your consumer.
-If you are a blogger, its time you did your audience analysis, what are the characteristics of the audience you desire? and are you attracting same? if you are not, what do you need to do to attract your desired audience?
Everyone will be willing to pay good money for what they consider valuable to them, so in checking the characteristics of your product, here are key points you should consider
– Is it valuable- Does your target market consider your products valuable enough to pay your money for it.
-Is there a demand for your product-
-Does is it solve a particular problem for the consumers
– Is it Unique, perhaps not in content but in approach to the consumer’s needs
-Does it have a mass appeal at least to your target market
-Is it simple to use, that is you can easily explain how it works without any issues
If your product or service answers all of this questions then you are good to go. If it does not, then you have to go back to the drawing board to either craft out a new product or re-design what you already have to answer the following questions
3 Your Finances
In this Newyear, as a business owner, you will have to take a good look at your finances both in the business and home.Perhaps its time you set goals for the amount of money you want to make per month. Do you know that setting goals often forces your subconscious mind to begin to think of ways of meeting it?
If you set a specific financial goal for your business, then you will force yourself to do everything possible to meet your goals because you know that in meeting it, you will attain a level of success that will give you the kick you need to go higher.
If it is your personal goals that you need to deal with, then go ahead and set them but remember that there has to be a pipeline that feeds it. For example, if your personal goal is to be able to save a certain amount by the end of the quarter, then you have to look for what will feed in that pipelines in other to meet that goal. It may be through budgeting, cost cutting or increasing your ability to earn more.
Your ability to successfully set a financial goal for your home business will give you a boost that will enable you to feel better as you go on to meet your life’s needs. If you are able to meet most of your financial needs as they arise, you often feel successful because that’s what it is. Your business or career is that pipeline that enables you to achieve the life goals you have set for yourself by giving you the needed finances to meet it.
4 Your Marketing
In the online business world, especially if you are a home business owner you can’t do without marketing, in fact, marketing is the lifeblood of any business. So for your business, you must have a marketing plan in place. You have to be deliberate in following through with your plans if you want to see tangible results and jumpstart your Newyear.
In your planning stage, you have already itemized what worked and what didn’t work for you this year in your business, so the next stage is to take what worked and plan how to make it work the more this year in other to yield better results. You can also put new marketing plans in place in other to see if this will make your business better.
If you have no idea how to prepare your marketing plan then its time you did a little bit of research, search for marketing plans that have to do with your niche. For example, If you want to start a blog or perhaps you are already blogging but you are not seeing results, its time to check out what your competitor who is doing better is doing so you can know what to adapt and tweak to fit your own audience.
To wrap this up, I do want you to know that running a home business is no mean feat but you have to be willing to put all you have into it to make it a success, as I champion you on via my blog.
Thank you for reading my blog all through this year, I wish you a very successful Business year ahead. God bless you and see you next year.
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Drop a comment below if you have other strategies I have not thought of below.
When you make up your mind that you want to work from home, the first question that will usually pop into your mind is how do I go about this?, should I start looking for work from home job? or should I start a home business?.
The jury is still out there as to what is the best route to take, for some people it is a difficult decision to make especially if you are coming from a place where you were working outside your home and had a stable income which you brought into your home. What this means is that you already have a lifestyle which you have set up your home and of course choosing to work from home means that you are putting that lifestyle into a jeopardy because you will move from a place of stable income to unstable income or perhaps just one income from your hubby.
In today’s post, I will be comparing the Home business and the work from home Job, the Pro’s and Con’s perhaps this may help some of you who may be ambulating on what route to take.
First of all, before you decide to make the decision of working from home, you must make some certain preparations, I do know some people tend to jump in with both feet to either swim or sink. Sometimes it works and sometimes it doesn’t this is because needs are different and makeups are different.
There will be those who will take the option of choosing to work from home without taking time to plan things out perhaps because they fear that If they take the time to plan things out, they may procrastinate and never make that decision.
While some like to plan their approach, they save up some money to cushion the times they will be taking to build their business from home before resigning from their jobs.
I will prefer that you plan your route before ever you make that decision to quit your job and start working from home, this may mean cutting down on some niceties in other to save up your money to help cushion your family needs while you build your business or find work from home jobs that will replace your initial income.
This planning ahead of time will help you stay true to what you are working on and prevent you from running into financial stress which may force you to return to your former job.
It is also much easier to run your business or work from home when you don’t have to worry about finances at least for the beginning stage until things kick off.
If you are already a stay at home mom, it makes your decision easier because you may not need to do extra planning since you are already used to living on one income anyway. You may have to perhaps save up some income or initial capital outlay that you will need to start your business though.
Having highlighted the thoughts above here are the pros and cons of starting a Home Business versus a Work from home Job in other to earn your income from home.
Pro’s of a work at Home Job
-You can apply the skills you already have on a job that is immediately available and begin to earn almost immediately once you are able to secure a job. ( often times to shorten this time lapse of looking for a work from home job, its best to start looking and secure one before you resign your day job)
-You do not have to have an initial cash outlay hence you can start on virtually zero cash except for perhaps money spent on registering on Job sites that specialize in hiring for remote positions.
-You do not need to draw up a business plan or a strategic marketing plan for your work at home job since you will be trading your skills for money.
-Other people set your targets and there are specific tasks which you are set to deliver and your work is finished for the day. Your work is not continuous till when you are tired as in a Home business
-You get some benefits such as Health insurance if it applies to your job.
-You can choose to take a holiday if your work is a freelance job meaning you choose when you work and when you don’t.
-Your remuneration is fixed and you know exactly how much you will earn at the end of the month.
Con’s of Work from home jobs
-There are a lot of scam work at home Job sites out there, therefore it takes a lot of time to sift out the genuine ones, this often takes time. To learn about the genuine ones read my post on 10 best sites for work from home jobs.
-There is a limit to how much you can earn per month since you trade time for money, you will have to work for a certain amount of hours before you can earn your desired amount.
-Your income is entirely dependent on the company you work for, meaning that should there be a shift in purpose and you don’t fit in you will lose your job and income.
-Because it takes time to find what works in the work at home job market, you may find your self-waiting for a while without any income at all. What this means is that you situational change is out of your control.
-For the same skills which you may have been paid more when you had to clock into the office, you may be paid less and if you are in a dire position you may find that you are working more for less pay.
Pros of starting a Home Based Business
-You are your own boss so you can control how much you earn from your business, hence there is no limit to how much you can earn.
-You do not have to clock in with any supervisor so you can set your own time and work at your own pace
-There is no cap on how much you can earn since you can scale your business as it grows and expands.
-You can apply the skills you already have to your new business especially if your home business ties into what was your career before you quit your job to work from home, hence shorten your learning curve in running your business. Time to profit will also be shortened.
-There is freedom of doing whatsoever helps your business to excel without having to check in with a company to see if it fits into their organizational goals.
-You don’t have to look for a job or depend on someone hiring you for you to create your own income, you already have a job so you get on with it.
-You are in control of your own destiny.
Cons of Starting a Home-based business
-You may need some initial capital to start your business, and because business takes time to grow, it may mean that you will run for a time without any income coming in at all.
-You may not begin to earn immediately you begin to work unlike the work at home job option that you get paid once you start working.
-There is no fixed task that says your job has ended for the day you may find that you are continuously working until you get tired. You are sort of the business and the business is you, this means that you have to be super self-motivated to keep at it until it begins to yield a return.
-If your business should fail, you may have to return to a day job because you will probably need money to foot your bills.
-A home business takes a lot of planning and a strategic input coupled with a lot of marketing before it can take off and sometimes this may take longer than you expected.
-Sometimes you will have to invest resources, money, time and energy to learn how to run your business properly in other for you to see a difference and begin to make a profit.
Pro’s and Con’s of home business versus work from home Job
Having laid out the pros and cons associated with choosing either route when deciding to work from home, I have to say that the good thing about these options is that they can be combined, there is no hard and fast rule that says you must stick to one.
Some people in other to meet up with their financial needs may choose to take a part-time work from home jobs while they slowly build their business to replace their former income.
For some, especially if you are a stay at home mom, you may choose to build your home business slowly while still maintaining the lifestyle you had before until you begin to see profit in your business
For whatever route you choose to take or the combination thereof, what matters is doing what makes it easy to pursue and attain your dreams of being a stay at home mom who is doing what she loves and at the same time taking care of your loved ones.
Do you have any other Pros and cons of starting a Home Based Business versus a work from home Job? drop your comment below
