Many moms balance both a career and raising children. Many moms are ditching their nine to five roles to stay at home and work on their side hustle. Even though being a mom can feel like a full-time job (because it is), it doesn’t mean you can’t bring in a little extra income to help support your family. If you’re a full-time mommy looking for passive income ideas to bring home a little bacon, here are some fun ways you can get started.
1. Child Care
This is one of the most common ways moms are pulling in a little extra cash these days. Are you at home all day taking care of your children? Taking on a few extra kids can be a great way to boost your income. You won’t have to acquire any new skills and finding clientele will be as easy as interacting with the parents of your children’s friends and classmates. You could be making as much as $20 an hour depending on the age range of the children you watch.
2. Manage a Rental
If your family has the resources, purchasing a rental property that you can manage while you’re at home with the kids can be a viable option. There are so many tools and resources available to make managing a rental property easy. Use Zillow to find new properties. Get a rental history report of a potential tenant online in minutes with relative ease. You can even let tenants pay online for added convenience.
Of course, the ins and outs of this venture are a bit more complex, but with so many resources at your disposal, this is definitely a route worth pursuing. Even if your family can’t afford to purchase a property, finding a position as a property manager can be a great way to work from home.
If you can help your kids with their homework, chances are you can help someone else’s kids too. If you have a college degree, why not use it? You didn’t spend all of that time and money just abandon all of that knowledge. High school and college students are always looking for English, math, and science tutors. Tutoring is a great way to keep your knowledge sharp and up to date as well.
Social media followings are a fantastic way to generate income. Every mother thinks their kid is the cutest in the world, but if your kid really is adorable, there are a number of ways you can start making some extra cash with those cute pictures. Selling your photos to websites like 123rf.com (a stock photo company) can start bringing in a few hundred extra dollars a month. Find out what stock photo styles websites are missing and start portfolios that can fill in the gaps.
Were you a star athlete back in high school or college? Coaching a youth sports team is a fun way to get back in shape and share some of your sage wisdom; all while making a little extra cash. This won’t be a big breadwinner but if your child is already playing a sport it can be a great way to spend time with them outside of the house.
6. Direct Sales
Many companies offer flexible hours and reasonable commission for the number of products you sell. However, many of these businesses can be pyramid schemes—make sure you do plenty of research on any company who sales team you try to join. It’s always best to join brands that you have heard of like Mary Kay and Scentsy. Commissions on sales can be anywhere from 20 to 40 percent and the hours are extremely flexible.
If you like to cook, taking on some small catering events can be a great way to bring in some extra cash. Unless you have an industrial kitchen in your home, you probably can’t do large events like weddings and company holiday parties, but small events like birthdays are perfect. The profit margin on catering can be incredibly high depending on your food and material costs.
Don’t stress about money! Start your side hustle today and be amazed at the extra income that comes pouring in.