In various situations and due to different circumstances, mothers stay at home with their kids to provide them with care and attention. Staying at home can open up opportunities to explore entrepreneurship as an option. It helps you enjoy the experience of looking after your family along with contributing to the household income.
Fulfilling the role of a home-based business owner can be a challenge. In order to accomplish parental responsibilities and enjoy running a successful business, you will need a home-based career that offers a flexible schedule.
With advancements in technology, particularly the Internet, establishing a home-based business and earning money has become relatively easier and hassle-free. Further, you can decide your own work hours and be there for your children when they need you. You can also enjoy certain tax advantages that are offered to entrepreneurs running a home-based business.
Here are four home-based business opportunities that you can explore as a stay-at-home mom:
1.Online Marketplace Selling
As a host of retailers are jumping onto the e-commerce bandwagon, you can find your own space and become an online marketplace seller. The idea is to provide unique items to an established worldwide marketplace like eBay, Etsy or Amazon that enjoys a vast consumer base.
You can buy and sell on these sites without formalizing a business entity only until you are not making a profit from the sales. Until then, you will be considered a hobbyist by the Internal Revenue Service.
To become an online marketplace seller, you need to first decide if you want to sell generic items or focus on a niche segment. You can even source products from a yard sale or exhibitions, and sell them on your own.
Identify the target audience that you wish to cater to. You can even consider buying wholesale objects and refurbishing them into creative items. It may be beneficial to sell distinctive products that are in high-demand, but aren’t available easily.
This is one profession that requires prerequisite knowledge of graphic designing and an aesthetic sense. Even if you weren’t a professional graphic designer in the past, you can always enroll yourself in a professional training course or sign up for online courses in graphic designing.
When running a home-based business as a graphic designer, your role will include designing flyers, informational pamphlets, product catalogs and advertisements for companies hailing from various industries.
Invest ample time in learning about the best choice of paper, cover stocks, color schemes and printing processes for distinct styles of designing. You will also need to coordinate with printers and publishers for the finished artwork.
You may work closely with ad agencies, publishing companies, small magazines, corporations, product manufacturers, and individual entrepreneurs. To run a successful graphic designing business, you need to be good at understanding client briefs and deliver projects as per clients’ expectations.
This business idea is suitable for stay-at-home moms who already have a professional understanding of medical terminology and documentation. Those who lack in-depth knowledge of the healthcare sector can always pursue a certificate course in medical billing to venture into this business.
In simple words, medical billing is the process by which medical practitioners are remunerated by health insurance companies. Your role will involve submitting and following up on claims with health insurance companies so that timely payments are received for services rendered by the healthcare provider who hires you.
As a medical biller, you will be looking after medical coding, invoicing and collecting data related to diagnoses and procedure codes from various healthcare facilities. Also, you need to have excellent communication skills so that you can resolve disputes related to incomplete documentation, and follow up on claims that have been delayed or rejected.
Whether it’s a business venture or a personal blog, everyone is willing to invest in an engaging website. However, not all of them have the ability to develop a great website. This is where a website consultant comes into the picture.
Starting with hosting domain names and deciding the website’s layout to managing Web content, your job as a website consultant will be to build and maintain websites for your clients.
Further, you will be expected to provide expert opinions on digital marketing strategy that can be implemented by your client. Prior understanding of various Search Engine Optimization (SEO) tools will be an added benefit. Try to get some experience in managing links, banners and affiliate programs, graphic designing and copywriting for the Web.
Once you have established yourself as an expert in website consulting, you can diversify your business proposition into website maintenance that involves signing a contract to regularly update clients’ websites.
Among other benefits of setting up a home-based business as a stay-at-home mother is that you can steer your own career goals instead of complying with the set norms of a company. Be your own administrator and work towards building a life that you have dreamed of for yourself and your family.