What new adventures is your family looking forward to in 2019?
For us, the future is wide open. We aren’t sure exactly what the new year will bring. But we’re excited about the possibilities!
As a stay-at-home mom, Mr. G and I talk frequently about adding a secondary stream of income. He does have a stable job with great benefits and brings in enough for us to live comfortably. But that stability also gives us the freedom to dream about what else we could do!
Making extra income is a topic that comes up frequently in the SAHM community, especially this time of year. I manage a local online mom forum, and the question, “How do you make extra money?” is broached every few weeks.
I’ve been searching for a “side hustle” of my own for quite some time. And while I would love to run my own business from home someday, I haven’t yet figured out what that will look like. We’re still brainstorming…the possibilities are endless!
Googling, “work from home” will open up a terrifying black hole of results. For real – don’t bother.
I’ve sifted through that can-of-worms for you. Here’s a list of some of the more realistic ideas. I thought it would be useful to share some of them here for anyone else who’s searching.
It’s necessary to point out that not all of these ideas will work for everyone. We are all sooooo different, with a wide variety of strengths and skills, as well as different family situations. Finding a way to make extra money will be unique for each person! I have tried to limit my list to options that would require little or no additional education.
Some of these require more initial investment than others. And they are varying levels of income potential. Let me know what other ideas you’ve come up with!
Money Making Ideas for the Stay-At-Home-Mom
Reselling used stuff online – Ebay, Craigslist, and Facebook offer easy ways to flip used stuff for a profit. If you frequent garage sales or resale shops and know what to look for, this is entirely feasible.
Retail arbitrage – You purchase a (new) product for a low or discounted price and then sell the same product at a higher price, therefore flipping it for a profit. For instance, resell stuff you find in the clearance aisle at Wal-Mart. Read more about how this works here.
Online surveys – I was unsure whether to include this or not. There’s a lot of garbage out there that isn’t worth wasting your time on. And I haven’t tried these myself. But I’ve heard positive things about Global Test Market and Surveyclub. There may be others out there, but I need to look into this further.
Renting out – There are a lot of things that can be rented out. Do you have extra garage space you don’t use? Space on your property that can be rented for over-winter parking of an RV or boat? Maybe you own a camper that you only use a few times a year that could be bringing in income every other weekend during the summer. I’ve even seen people renting ad space on cars and fences.
House hacking is a term the real estate investment community uses for renting out space in your primary residence, which can potentially cover your mortgage payments, making it possible to live for free. You may already live in a place that would make this possible – renting out a room to a student for instance. Some folks buy a duplex, or other multi-unit property, increasing the income potential even more.
Fiverr – Fiverr is a brilliant online marketplace of professionals who sell their skills in individual gigs to whoever needs them. There are over 100 different categories of creative services being offered. And you can sell yours, whatever it is. For example, graphic designers, programmers, content writers, translators, and voice over artists can all sell their services on Fiverr.
Microtasks online – Similarly, there are a variety of other sites that allow you to complete microtasks for a fee. Fancyhands allows you to work as an online assistant, completing individual tasks for a fee.
TaskRabbit connects you locally with people who need simple jobs like moving heavy items, assembling furniture, or other handyman jobs right in your neighborhood.
Amazon Mechanical Turk – is a crowdsourcing marketplace that allows individuals and businesses to outsource their processes and jobs to a distributed workforce who can perform these tasks virtually.
Upwork – is another similar freelance marketplace.
Zazzle – This is a marketplace I wasn’t familiar with. Zazzle allows designers and customers to create their products with independent manufacturers, as well as use images from participating companies. You can sell your designs, sell your products with no listing fees, or join as an associate and earn money promoting your favorite products.
Dropshipping – This is one that requires more time, investment, and commitment. But for the right person, has the potential to be a successful business. Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party (you) and has it shipped directly to the customer. As a result, the merchant never sees or handles the product. Read about it here.
Instacart – Get paid to do other people’s shopping.
Dogsitting – Dogvacay is a site that facilitates this online for you.
Baking desserts or decorating cakes, if you have that skill
Lawn mowing or snow removal
Onlineverdict.com – This is a site on which participating lawyers post a case summary and verdict questions, with the option of having 25 or 50 jury-eligible people like you review the case facts and provide feedback. Registered jurors in the venue the case was filed will receive an email invitation to review the case, and when completed, will receive payment for their time. Payments are around $20-$60 per case. I’m interested in trying this one out.
Online tutoring – with a site like tutor.com. Or there may be a program in your area that allows you to tutor students in person. What are your skills and qualifications?
These are sites you can legitimately make money with, depending on how much shopping and searching you do online and how much time you’re willing to spend watching videos and completing surveys.
Also worth mentioning: Women for Hire