Last Updated on March 2, 2021 by Justin Su
You Can Easily Earn an Extra Income as a Stay-at-Home Parent – Here’s How
Staying at home makes it possible to get jobs that offer the flexibility to set your conditions – how much you work, when, and what. Although the best-paying jobs require specialized skills, you can earn a good salary from most online positions if you put in the work. Want to learn more? MoneyForWallet presents the following tips.
Have a New Income Stream as a Stay-at-Home Parent
Being a stay-at-home parent is a full-time job, but it doesn’t pay a full-time paycheck. This makes it challenging for most one-income families to get enough money to pay for essential things, let alone add to their savings. The good news is that there are many ways to earn an extra income without leaving the house or giving up your time with the kids. These online jobs allow you to make some money while you stay at home with your children.
Freelancing is among the most profitable methods to use when you’re a stay-at-home parent. It allows you to skip the commute, and you have the extra flexibility of being able to schedule your working hours around your daily activities.
One of the most lucrative and easiest ways to make sure you get paid every week is to be self-employed and work directly with your clients. Self-employment means you eliminate the middleman, also means that you don’t encounter payment delays, lack of convenience, or website fees. Some freelance work examples can include graphic design, writing, data entry, management, or other PayPal-friendly gigs.
You can also work as a freelancer for a company. There are more than 50 job categories to search from to find the perfect employer. For instance, you can head to listings for bookkeeping, writing, customer support, and educational sectors.
Start an E-Commerce Business
Starting an e-commerce business as a stay-at-home parent offers you the chance to earn an extra income and can be really exciting! Obviously, you’ll face particular challenges when it comes to balancing your responsibilities as a parent and business owner, but it’s worth it.
The key to success is to pick a business idea that works with your schedule. After you’ve come up with an idea, you need to address the financial and legal aspects of starting your business. Finally, you’ll need to choose a business structure for your e-commerce venture and plan how to balance your responsibilities before launching your startup. If you want your own complete website, numerous reputable hosted e-commerce software providers can get your page running in a few clicks. It is crucial to choose the right platform based on your budget, programming skills, and features you want on your website to succeed.
When choosing a business structure, make sure you go for an LLC or limited liability company. LLCs do not save in taxes but give you liability protection, preserving your assets from lawsuits and business debts. Besides this, an LLC offers excellent flexibility and certain tax benefits. This form of business structure is also extremely straightforward to establish and maintain, and you can even handle the legwork yourself if you research your state’s regulations thoroughly. If you’re not comfortable doing all the paperwork, there’s the option to hire a formation service, which costs way less than a lawyer.
Numerous businesses and individuals choose to look for help for various tasks that are basic yet time-consuming. These responsibilities may include administration, customer service, typing, or photo-captioning. Because you can manage all these tasks from a computer, virtual assistants can do them easily. Becoming a virtual assistant is an excellent career choice for those who have some digital skills and love to perform a broader range of activities.
Pet Care Services
A non-online job is to offer home-based pet care services. If you’d like to operate a pet daycare, this is another potential stream of income that allows you to work as much as you want. You and your kids must obviously like pets.
Earn Extra Money From Home
There are many ways to work from home as a parent and get paid at regular intervals. Irrelevant of how much time you have, there’s at least one new extra income you can begin earning while staying at home with your kids.