Do you want to learn how to make money from home? Are you a stay at home parent? Have you ever considered quitting your job and starting a business? Do you just want to make some extra cash on evenings and weekends? Are you close to or already in retirement?
Whatever your reason may be, these 10 proven methods will help you learn how to make money from home.
Whether it’s tutoring, yoga, piano, painting or woodworking… teaching out of your home is a foolproof way to generate steady income. By charging anywhere from a few dollars to hundreds of dollars per lesson, you can make a pretty penny teaching others. Many successful private teachers have gone from just one or two students in their first year, to more than 30 by year two or three. If you teach something that has a broad enough appeal like guitar, it is very easy to scale quickly even with little marketing effort.
Lessons.com is a good place to start. They have over 30,000 active teachers that collectively have made over $90 million.
Writing, graphic design, data analysis, web development, voice-overs and data entry are just a few of the ways you can make money from home freelancing. In a fast-paced world, the old 9 a.m. to 5 p.m. job just doesn’t cut it for some people. If you want to set your own schedule, there are endless available options for you. According to FreelancerUnion, more than 57 million Americans are currently freelancing.
Sites like Fiverr and UpWork are two excellent places to get started if you’re looking to begin marketing yourself as a freelancer.
8. Affiliate Marketing
Have you ever thought to yourself, “If only I had a decent product, I could make money online!” Well, fortunately for you, affiliate marketing has made the once impossible, possible. And it’s a very effective way to make money from home.
With programs like Amazon Associates or Ebay Partners, you can now sell other people’s products and get a percentage of the sale. And with sites like Wix or SquareSpace, you don’t even need to have web design skills to get started. You can have a website up and running in a day or two and make anywhere from a few dollars to more than $3,000 a month.
7. Quick Flips
Flipping used items for a profit… we all know at least one person who is really good at it. They go to yard sales, flea markets, or just raid their own attic and come out with a pile of resellable treasures. It all comes down to understanding market value. You could get something for a few dollars and sell it for double or triple what you paid. Do that on a regular basis and you might like what you see in your bank account. Furniture, antiques, electronics, clothes and bikes are some notable items that are prime for flipping.
The key to flipping is consistency. Develop a system of gathering the products that you have distribution channels for and set benchmarks for weekly sales. Craigslist and OfferUp are decent places to get your feet wet.
6. Arts, Crafts and Prints
Have you watched HGTV lately? Every single home has knick-knacks on the shelves, DIY prints on the walls and artisan decorations on the tables. Sculptors, graphic designers, blade smiths, clothing and accessory makers, and carpenters are carving a lucrative niche for themselves and capitalizing on this ongoing trend.
Zazzle is a leader in this industry and has been around since 2005. That same year, Etsy launched its platform, which now has annual sales to more than $3.9 billion. If you have artistic ability, consider selling your products on one of these sites.
5. Home Daycare
If you have children, you’ve probably had a few “sticker shock” moments. Like that time you saw the price on the mini-van you’ve always wanted. Or the time you had to buy your first home to accommodate your growing family. But none were likely more shocking then the price of daycare. You could be looking at $500, $1,000 or even sometimes more than $2,000 each month… per child!
Well… if you can’t beat ‘em, join ‘em. The rising cost of childcare has forced many parents to stay at home with their kids. If you’re one of these parents, while you’re watching your own kids, you might consider watching your neighbor’s kids at well… for a fee.
Here is a great checklist if you’re considering starting a home daycare.
4. Online Surveys
Let’s be honest… most of us do not like to fill out those annoying online surveys after making a purchase or interacting with a customer service representative. But what if you could get paid to take them?
Well, you can.
In fact, there are dozens of sites that will pay you to take surveys right from the comfort of your own home.
Get started today with SwagBucks, My Points or Survey Junkie.
3. Digital Products
Creating a digital product may seem like a daunting task when you first hear the idea… but let’s break down what this really means. Photographs, ebooks, how-to guides, video games, fonts and mobile apps are just a few of digital products that can be very profitable.
Sure, not everyone can build a video game, but with the variety of options available even the least tech-savvy person could create a downloadable PDF or an online course and sell it for a profit on a variety of sites.
Teachable is a great place to start if you are interested in developing an online course.
Amazon is excellent for those looking to sell e-books.
2. Renting Property
Whether it’s bikes, cars, lawnmowers, clothing or even your home, renting is becoming increasingly popular by the year. On reason is that many consumers do not want to commit to owning something which involves maintenance, storage, and potentially taxes and insurance for larger items.
Part-Time Money recently released an article on how to make extra cash renting. Check it out here.
Bartering isn’t technically making money… but it is a great way to save on expenses. For example, if you have a highly desired skill that you can trade for other skills, it can be a win-win for all parties involved.
I started building websites over 20 years ago and found that bartering is a great way to get stuff done around the house while also helping out local businesses. My friend Michael is a landscaper. He cuts my lawn, and I build and maintain his website. I’ve have similar barters setup with plumbers, piano teachers and even medical providers.
As you can see… bartering is a fantastic way to save money and spend more of your time doing the things you love.
In addition to these 10 Proven Methods, InvestmentU recommends investing as an excellent way to make money from home. To learn more, please take a look around at the rest of our InvestmentU site.