Why settle for an average hourly wage working for somebody else when you can run the show yourself and pocket all of the profit? These are the type of thoughts that swirl inside the heads of ‘mompreneurs’ – the recent surge in mom entrepreneurs that have decided they only want to work for themselves.
Starting a business is something you hear everybody put on their bucket list. It’s always something that everybody wants to do someday. Why not make today that day? The freedom of working on your own schedule, doing exactly what you want to do, and having that sense of purpose; knowing that what you’re doing on a day to day basis is affecting your bottom line – all extremely powerful things.
Running a business is not easy. The massive potential doesn’t come without its pitfalls. There are going to be times where you feel exactly the same (or worse) than you did working a traditional 9-to-5 job and you won’t even be getting paid for it. If you’re prepared to take on the challenge we’ve got 3 entry-level mompreneur ideas for you.
Create your Own Product to Sell on Etsy – Etsy is an online marketplace where people around the world to buy and sell unique goods. It fits the SAHM demographic perfectly. Art, clothing, jewelry… if you have ever had an idea of a cool product other women would love, this is the place to sell it.
Selling a product on Etsy could bring you in a couple hundred dollars a month up to thousands if your product really catches on. Create your product, create an Etsy account, and prepare to start shipping out orders. Be sure to check out this Top 10 Tips for Starting an Etsy Business from the Etsy blog.
Become an eBay/Craigslist Professional – Buying and selling products on Craigslist for profit is called “flipping”. The flipping business is more likely to earn you a couple hundred dollars per month (if taken seriously) than it is anything in the $x,xxx range, but if you find a niche that you are knowledgeable in anything is possible.
The key to success here is having an eye for underpriced products. Look through categories that contain products you’re familiar with so you can spot good deals. Negotiation skills are very beneficial here.
Another tip is to pick up damaged goods that you know how to repair. These buys should be guaranteed profitable. As a rule the higher priced items tend to be the easiest to make the most money on. If you can make $50 each time you buy and sell a bicycle, and you can find 6 good deals a month, that’s a solid $300 you can use to pay your bills.
Start Blogging – Making money blogging is the new American dream. Everybody wants to make money by writing about things they care about. Because of this, it is an extremely competitive market, but for good reason. There is money to be made.
Blogging itself is easy. Anybody can create a blog at WordPress and write interesting articles. The difficult part is building a large audience. Why not create a blog now and write about your experiences finding a job as a stay at home mom?
We’ll be writing more on the topic of blogging on a later date. There are thousands of guides online but the general steps are the same: blog about a topic you are extremely knowledgeable on, network with other bloggers similar to your blog, participate on relevant forums and communities, and write comprehensive content more informative than your competition.
Those are 3 ways stay at home moms can flex their mompreneur muscles and earn money by building their own businesses. Whether you decide to try these out while working a steady job, or as a source of pocket money, you can certainly make good money.