If you have kids, you might opt to stop working and stay at home. This can be the right decision for you personally for a lot of reasons. First, you might want to make sure that the pressures of work don’t distract you from your children growing up. You don’t want to miss vital moments because you’re stuck at the office. You may also not want to pass the role of looking after your kids to a carer or a nanny. As well as this, you may love the idea of being home as soon as your kids arrive back from school. And that right there’s the rub.
While it’s great to stay at home as a mom, you’ll find there’s not that much to do. Housekeeping doesn’t take up all your time, and for a lot of the day, the kids just won’t be there once they reach a certain age. Still, you don’t want to start full-time job either because then you will lose time and you won’t get those long summer vacations with the kids. What’s the answer?
The answer is to work from home and set up shop directly from your property. We’ve talked about this before but what we didn’t discuss was how much money it can bring into your home. So, first, let’s take a look at some of the potential options you can make when you decide to work from home.
Careers For Moms At Home
There are plenty to choose from, and one option would be to operate as a freelancer. It’s worth pointing out that when you work as a freelancer, you won’t be running a company from home. Instead, you’ll be offering your services to other businesses. These services could be anything. Are you great with languages or are you just bilingual?
If that’s the case, you could work as a translator on a freelance basis. You’ll get paid by companies based on the work that you complete for them. You might be translating websites. Remember, a lot of businesses want to appeal to an international audience, and they don’t want to have to rely on Google translator. That’s where you come in.
Alternatively, as a freelancer, you can operate as a support specialist. Are you great with tech advice? A business might hire you to provide tech support over the phone to their customers. Once again, this type of specialist work pays very well indeed.
You might even just be hired to write for bloggers and give them the content they need to make the big bucks through the secondary income of their blog.
Of course, since we mentioned blogging, it’s also key to note that you can be a blogger. You can operate your own blog and work to monetize it through schemes such as Amazon Associates.
Or, you could run a different small business, and one of the most popular options for an e-commerce company would be wholesale. By doing this, you can buy products in bulk and then sell them on to eager customers. It’s a great option, and a lot of people make a lot of money if they get the costs right. That’s definitely something you need to consider if you want to double your funds as work from home mom.
Managing Your Budget To Stay Profitable
Depending on the path you choose for bringing in a work from home income, you could find that managing your expenses can be quite difficult. Let’s start by thinking about the cost of running a blog. It is possible to run a blog without spending a dime, but not if you want to monetize it and turn it into a great source of income.
You need to think about spending money on key areas such as SEO and website design. Again, you can use a free template for your blog but to make a website profitable, it needs to stand out and look fantastic. That’s exactly what you can accomplish if you spend money on it. You should expect to pay about $3000 on the setup of your blog and another couple of hundred each month on it once it becomes profitable.
If you are working as a freelancer, things can be a lot cheaper. You need to make sure you have the right tech set up and a fast internet connection. The last thing you want is to be stunted by slow connection speeds, particularly when the rest of the family is using the internet for other things. Luckily, sites like www.optimum.com offer great deals on fast connections so you can get a lot more for a lot less. It’s worth comparing a few different providers and considering an upgrade even if you have what you consider to be a good set up. Remember, there’s a difference between internet speeds for home living and internet speeds necessary for a home business.
Can A Home Income Be Passive?
Eventually, though not at first. You will need to work hard within your first year of running a blog to make it profitable. Or, let’s say that you take a different route and decide to be a Youtuber. To be a Youtuber, you need to create awesome visual content that is appealing and grabs attention. You can learn about becoming a YouTuber on www.blogs.constantcontact.com. They say for Youtubers the first thousand subscribers is the most difficult part. After that, it’s all downhill, as long as you keep at it. That’s why you’ll have to work hard to make sure that you work hard to reach that mile home or the mile home that makes sense for your specific set up.
Don’t Forget Business Financing
Finally, remember if you want to double your money you do need to think like a businessman or woman. You need to understand the commitments and responsibilities including taxation. Yes as soon as you start making a serious level of money from a home venture, you do then need to consider the costs of business, and that includes tax.
We hope you find this information useful and look forward to the beginning of doubling your income.
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