There are many ways through which you can make some extra money as a stay-at-home-mum. Honestly, it is not easy to manage on just a single wage and that is why many women are always in the search of how they can bring in some extra cash despite having another full time job caring for their little ones. This may seem like a shame as being a stay-at-home-mum is without a doubt a challenging but rather valuable role that does not need any extras to be added on it. However, for most families, it is more about needs that have to be catered for and without the extra money, things can be rather tough.
If you are a woman who’s at home full time taking care of your young ones and are looking for ways through which you can earn some extra cash, then this article will be discussing some great options that you should consider, why they are great for mum’s like you and some of the areas they may potentially go wrong:
1. Acquiring a Franchise
Franchises like Diddance, Socatots, Tiny Talk and Tumble Tots are generally good for stay at home mums and dads as they have a good price range, are quite flexible, and can be as small or as big and also time consuming as suits. Such options as provide you an avenue to own a business without having to worry about the huge financial layout and the overall responsibilities that come with such. These options are basically set up for you and come with lots of support in place and are ideal for new business owners and stay at home parents. However, you need to beware of a couple of things. When acquiring a franchise, there is a lot of work that will be required in the initial marketing of the franchise. At the same, there is a lot of competition out there as more people are taking up this option to make some extra money by the side. Also, it is important to note that as your toddler grows, he or she may not be too compliant with all the tagging along.
2. Product Selling
If you are to profitably sell branded products like Kleenese and Avon, you will have to be very confident about the brands you are marketing and will have to get the word out that you have something to offer. Knowing lots of other mums could help but also selling door-to-door is a great way to advertise and sell the products you have. The great thing is that you could always tag your baby along as you deliver goods or hand out brochures. However, you need to beware as people will often not give the brochures back and your friends may start avoiding you if you become a hard-seller.
3. Party Planning
When considering party planning as an option to make some extra cash by the side, you should consider making a small, initial investment in collections like Virgin Vie, Usborne books, Jamie at Home, or Phoenix Cards and then showcasing these products to generate more orders. For little outlays, the profits can be rather good. Getting other mums to host parties could take some persuading; however, these can be done evenings and are often fun. You need to beware as most of the people who’ll come to such parties may end up not buying things you have up, like that sausage they fancied just the other night out.
4. Childminding
Most mums think of childminding as a great way of actually being at home with their own little ones. And it actually makes sense considering that most homes with children are already set up in a way that allows for them to have fun and enjoy doing all sorts of children activities like playing with toys all day long. At the same time, minding other children means that their young ones will have company they can play and relate with. The great thing is that it does not take long to train for such an option and at the same time, you get financial assistance for watching over the kids. However, you need to be wary as your child or children may not be too happy with sharing you with others. Moreover, you need to be really well-organised when it comes to the food they eat, the toys they play with, and the state of your house. This option can be rather demanding and difficult.
There you have it, 4 great options with their advantages and disadvantages. There are many others but we will be discussing those in a future post.
