- Personal Finance
9 Ways To Make Money From The Comfort Of Your Home
There are many reasons that a person may choose to get out of the rat race and try their hand as an entrepreneur. My reasons were many, but what can be related to most is, I am a parent. A single parent who always envisioned myself staying home with my kids, you know baking and teaching them at home. Yes, I home school as well.
So after trying the rat race with a toddler, I knew this wasn’t for me. So, I quit my job. Everyone thought I was crazy, and maybe I was, but I knew I had to do it. I didn’t want to drop my kid off at a daycare I paid 600 dollars a month for and miss my child’s early years.
So, I just did it. That was four years ago, and I am now sitting on 30 and self-employed. I have not had to get a job, traditional like in over four years and I would like to share some of the ways I am and have made money. One of the most important things I have learned is to diversify. Never leave all your eggs in one basket. There are ways to make money all year round and you should take advantage of any and all opportunities you can. As many different opportunities as you can. After a while, the things you love and work, will take up more and more time.
I will start here, because this is how you are reading this. Not only is it a great way to vent and share, learn, etc, this site has made me thousands of dollars in 2014. One of more lucrative income sources this year, though that is a first. Content writing was something I tried years ago. I love the idea of passive income and living it is far better than I thought it would be.
This is one of the ideas that is not quick cash, usually. You will write and write and the money will trickle in. Some months though, you may go viral or have a bump in views and bam, it becomes a legitimate cash source. I almost always get a check from Hubpages monthly, however I may not go on the site for weeks! I write what I want, when I want and watch the cash (change) roll in. Most days I make enough for a Starbucks coffee, but some days, it pays for an unscheduled trip to the Florida Keyes for a couple weeks.
Freelancing is something I have been at for a couple of months now, off and on, when I have time. The two sites I use and love is Odesk and Elance. I find both to have some pros and cons, but all in all, a great way to connect with employers who need work done.
You will pay around 10%, like a connection fee but depending on the site, the money is in your account quickly and there are is safety in escrows. There is many possibilities here, everything from creative writing (my cup of tea), ghostwriter to personal assistants, essay writing, web design to accounting. The options are endless.
For this to be successful, I suggest strongly spending some time building a great portfolio. My Hubpages profile is a great reference that is published and already made. I make hundreds a month this way and it has been fun. I have written some great stories and meet some great people. It has also opened up other opportunities for the future. The whole time, I am building my resume, as well as my portfolio.
If you like to write, like I do, there is another way to monetize. I work with a publisher who pays me a royalty quarterly. Once again, not a lot, but a trickle that is constant and passive. There is also a program with Amazon where you can set up your book and publish through them for a higher percentage. It really isn't that hard and can once again, create that lovely passive income.
This is of course seasonal, but a great way to make some extra money if you can. Tax time is a stressing time for some people and many need help with bookkeeping. There are ways to connect with ads in Craigslist under jobs, as well as abovementioned sites.
Arts and Crafts
I crotchet scarves, as well as baby blankets and sell them in the wintertime. A great site is Etsy. You pay a few cents to post, as well as a small commission for the use of the website and their huge international customer base.
I also have made soaps and dried herbs, as well as vanilla. Silk flowers and wreaths are great to sell at craft bazaars. There are so many things that that work, the question is, what do you do? I have a cousin who makes cute little stuffed dolls for order, another sells artwork.
Sell Your Stuff
Instead of throwing away your old, maybe someone else wants it. While everyone is buying the newest and best, the old can be turned into money. Clothes can be sold at consignment shops, with a percentage going to you. Find a private buyer. You can do this by Ebay or other sell site, Craigslist is another great way, as well as local papers. Pawn shops won’t give you a lot, but there is a great way to sell if you can’t find a private buyer. There is always the old fashioned ways of a yard sale on a warm summer day. If all else fails, take that extra stuff and donate it. You may not make any money, although you can get a tax write-off, however you may help someone else who is struggling, get a hold of something they can’t buy new.
I am one of those people that can make a jungle rise from a square foot of soil. As this is what I do and love to do anyway, might as well monetize I say. So when I have extra veggies and plants, I take them down to the local farmers market to sell in a couple of hours on a sunny day. It is also the time I grow organic herbs for later drying and selling. There are also grocers that will buy from you if you have enough, so like I said. Will equals way.
There are always jobs in many venues for house cleaning. Whether it be a pin-up at the local grocery store, or an ad in a bulletin paper, the jobs are there if you look. I did this a little last year, but this year I have not. I don’t really like to clean up people’s messes I came to realize. So now, what I like pays enough, so I weaned myself off this cash in-flow.
Another thing I did, but don’t really do anymore. Though, at one time, babysitting was a good revenue source. It has benefits to add a friend to your child’s roster, as well as bring in a little cash. But the problem is, it usually is a very small per hour return on one’s time. While it may not be the best ides I ever had, it did help pay some bills, so I can’t complain much.
That is the idea though, diversify. Most of my days are spent doing what I love. I have a budget, a frugal one, but that has given me the breathing room needed to live without steady income amounts. While self-employment may not be everyone, it was for me. While you can do it full-time and get rid of your day job, some just want some extra cash. And that is okay to.
So, how do you make money from home?