The opportunity to make money while staying at home would be an absolute dream come true for many people, especially if they have a young family. If they could find a way of earning enough money to cover their bills without having to worry about organizing childcare or missing out on school pickups, recitals and everything else that having young children entail, life would be so much easier for most people.
It is not just parents who dream of working from home. Who would not like to roll out of bed and be able to work from the comfort of their own couch in their pajamas with Netflix on in the background, or roll up to the coffee shop and sip lattes while doing whatever it is they do?
Making money from home means that many people can quit their job to focus on entrepreneurship, spend more time with their family, and take back control over their lives. The current coronavirus pandemic has given many people the opportunity to work from home, and we expect to see a huge increase in the number of people who decide to start up their own business when life goes back to normal.
If working from home and creating your own fortune is something that you would love to do, but you are not sure what to do or how to get started, fear not. In this article, we look at these and get you on the right track to entrepreneurship and freedom.
Working online
Thanks to technology, earning money from the comfort of your own home has never been easy, and the majority of the things we discuss in this article involve the internet in some way, shape, or form. Thankfully, most online revenue strategies are not complicated and need little else other than basic computing equipment and skills, and perhaps a little bit of capital investment to get things up and running. What it will need to be a success, however, is time, dedication, passion, and patience. Very few revenue streams make immediate money, but give it time and put the work in and you will soon find yourself reaping the rewards.
Consulting
What is your current job? There may be a way of using the skills and knowledge that you have gained from that to make money from home. Many businesses pay a lot of money for consultants to come in and share their experiences. Perhaps this is something that you can look into. It needs very little in the way of set up – you will, of course, need a very professional website that has been fully optimized for search engine optimization (SEO) and a portfolio or testimonials from previous clients or people that you have worked with. You will have the benefit of being in the industry and potentially already having a bank of contacts to network with.
You can also set up a free account through Clarity.fm if you want to start consulting but are not sure which steps to take next. The website allows to set up a free profile for those wishing to provide consulting. Once your profile is set up, people will find you and book a session that you will get paid for.
Develop an online course
In a similar vein to the previous idea, share your wealth of experience and knowledge in your chosen field by developing and selling an online course. The good thing with this is that you can find courses to teach or support just about everything these days – from cooking to social media management, to blogging and photography. You can do this in two ways.
You could go down the passive income route and spend a while making and marketing your course and then just allow the cash to roll in, or alternatively, you could set up online groups to support people taking the courses and charge for additional extras, such as 1:1 tutorials or workshops.
Most people create their courses online through a website like Teachable.com. You can upload your course materials with Teachable, and use the network to handle clients and accept payments.
Webinar
If you have a product or service, you could look at marketing it with a webinar. You are basically offering lots of tips and advice for free usually in a live format; however, at the end, you pitch your paid product or service with the goal of securing a few deals.
It doesn’t matter what you are selling it is not hard to set up. You can use a lead generation magnet or even a free Facebook ad to draw them in. You can probably find a free webinar to help you create your webinar if you keep looking.
Investments
This is one that does require a little more capital to begin with, and a little more patience, but can be the ultimate in passive income. In fact, this is something you can do on top of your regular job, whether you work from home or go out to earn your living.
There are many, many different things that you can invest in and this pretty much is dependent on the time you have, the sort of return that you want, the speed you want to make money and the sort of money you have to invest in the first place.
Popular forms of investment include property, gold and silver bullion, fine art and collectibles. A form of investment that has become increasingly popular in recent times is forex trading. Forex is the foreign exchange market and is one of the largest and most liquid asset markets in the world. You will want to find a reputable broker – we suggest that you pick one from this list. All of these do come with risks as well as plenty of benefits, so it is essential that you do your research before putting any money in.
YouTube
YouTube is another platform that has made it possible for almost anyone to make money online. There are vast numbers of YouTube channels out there on pretty much every topic you can think of. If you have a fairly decent following you can charge money for videos and earn money from advertisements.
One of the biggest YouTube stars, a gamer named DanTDM made over $16.5 million dollars by just making videos.
Dabble in freelance writing
Do you have the knack for writing? Why not try your hand at a bit of freelance writing? Websites such as People Per Hour, Upwork and Fiverr are all great places to find freelance writing contracts and gigs.
Turn a hobby into a job
Can you play the piano or guitar? Maybe you are superb at drawing and painting. If you have a hobby, why not look at monetizing it? You could offer tuition, whether it is in someone’s home, in your own home or online using Skype or Zoom. However, with this is it is important that you learn to separate the hobby from the job – doing it all day, every day can very easily become tiresome and make you lose your passion for what you love doing.
Become a mystery shopper
Plenty of stores, both online and bricks and mortar stores use mystery shoppers to gauge how well they are doing. There are plenty of websites for you to sign up for, and they usually send you to shop at stores, either giving you a coupon or reimbursing you afterwards. You are asked to buy specific items and consider things like the cleanliness and layout of the store, how accessible it was, how well-stocked it was and your overall experience as a customer.
Complete surveys
If you are looking for a quick way to make cash, this is not it. However, if you have a bit of spare time here and there, completing online surveys is worth doing. Most of them are only a few cents but you are giving valuable feedback and opinions and making a little bit of money at the same time.
Become a virtual assistant (VA)
Work from home for others. Virtual assistants (VAs) can do anything from checking emails and making travel arrangements to dealing with internet research or working for a small company. Some higher-end earners could command as much as $50 to $100 an hour.
Data entry
Use your accurate and quick typing skills to enter information. Go through Craigslist, People Per Hour or Upwork and find data entry and administrative jobs for yourself. These jobs can be easily done remotely.
There are plenty of ways to make money from home – this is to name just a few of them. If you have the time, the ideas and the patience to see it through, you can make some decent money.
