4 Business Ideas for Stay at Home Mums to Gain Financial Independence

Are you looking for a home-based business idea?

If yes, you’re in the right place.

You can do all kinds of businesses from your home. A home-based business allows you to earn some money while taking care of your little ones.

You don’t have to step out or visit an office to work from home. However, you need the right time management skills, attitude, and preparedness to run a successful home-based business.

Maternity, for many women, poses a threat to financial independence and stability.

But…

That doesn’t have to be the case.

According to a BEIS study, 54,000 women in the UK lose their jobs due to maternity or pregnancy each year. Moreover, 28% of small and medium-sized businesses’ managers avoid hiring women who are either married or have young kids.

Many times, women have to choose between keeping their jobs and having babies. This explains the need for another income source to support stay-at-home mums.

Some benefits of home-based business include:

• Self-development
• You do work that you love
• Helps you cope with household chores
• You can support your kids’ education
• Organizes your business to change lives
• Gives women independence and freedom
• Access to business tax deductions

Over 11.6 million women, according to a 2017 report, own businesses in the United States. The women-owned businesses contribute over $1.7 trillion in revenue and employ about 9 million people.

In comparison to the national rate of business growth at 44%, the number of businesses owned by women has increased over the last two decades by 114%.

Additionally, the businesses hire 8% of the workforce in the private sector, make up 39% of all US companies, and account for 4.2% of revenues generated from businesses.

This shows that there’s a huge potential for home-based businesses. Most of the women-owned businesses began as home-based startups.

Here’re five popular ideas to establish a home-based business as a stay-at-home mom:

Top 4 Work-from-Home Business Ideas for Housewives

1. Establish an online store

Women, according to the e-Commerce User Index study, buy online more actively than men. They make online purchases for themselves and their family.

Therefore, you’re likely to succeed in selling beauty, fashion, and children’s items online. This information inspires when choosing an online niche of focus.

Unlike a traditional brick-and-mortar store, you can open your online store in minutes. In regard to physical stores, you’d have to find a physical space, design the room, buy goods to sell and hire sellers, and train your employees to begin operations.

What’s more, you don’t require huge expenses or loans to start an online business. You simply sit over a cup of tea anywhere in your home to establish your business online.

If you live in an area with hard water, you can sell water softeners to help homeowners make their well water soft. Consider a combination of the options to run a successful online business that retails water softeners.

Benefits of running an online store include:

• Access to automatic client data analytics
• Goods are available at reduced costs – no employees, utilities, renting spaces, etc.
• Low initial investment cost
• The store opens 24/7, including holidays and when there’s bad weather

2. Host on Airbnb

List your place on Airbnb to earn extra income.

The platform gives you full control over who stays in your home. You can filter out persons you don’t want to host. You can rent out your entire home or individual rooms to earn additional income.

Check to see the potential earnings for your area. Some places have a monthly earning potential of about $2000. You can list your home or room by week, night, month, or as often as you want.

Airbnb gives a $1,000,000 guarantee for protection from property damage that guests may cause. With the guest rating system, you can check to see if you want to approve or disapprove a guest that wants to stay in your home.

3. Drive with Uber or Lyft

Do you have a car and looking for work you can do during your free time?

You may want to drive for Lyft or Uber and earn money. You get 100% control of your schedule. After dropping your kids to school, you may drive for a few hours a day to make money.

Depending on your city, state, and country, you can earn up to $20 per hour.

So, how does Lyft work?

You sign up for your car for the business. When you’re available on the app and someone near your requests for a ride, you get a notification on your smartphone. You pick the client and drop them off at their destination. Payment is then made to you automatically.

4. Start an affiliate program online

Create a social media account, a website, or use a third-party site to run an affiliate program. Many people are earning a living this way.

Whichever is the case, you must run affiliate marketing on your blog or website to increase your earnings. Some affiliate marketing programs to consider include:

• Commission Junction
• Panthera Network
• ShareASale
• Amazon
• Escalate Media

Whether you’re a stay-at-home mom or a housewife, you can easily work from home and earn a living. Is there a better way for a busy mom to earn a living from home?

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