In today’s fast-paced world, the idea of making money from the comfort of your own home has become increasingly appealing. Whether you’re looking for a side hustle to supplement your income or dreaming of a full-time remote career, there are countless opportunities available to explore.
In this article, we will delve into a variety of innovative and creative ideas that can help you turn your home into a bustling hub of income generation. So, grab your entrepreneurial spirit, and let’s explore the exciting Ways to get money right from where you are most comfortable – your own home.
8 Ideal Ways To Make Money at Home
Here are eight ways MoneyEgg has identified and researched as an easy way to make money or earn online:
1. Become an online tutor
Becoming an online teacher is a great way to make money from home. You will normally need to use a video-conferencing app like Skype, FaceTime, or Google Hangouts. There are three ways to teach online: create your own course, teach kids online, or become a tutor for a company. If you’re an expert on something or know more about a subject than most people you know, you can create an online course to share your knowledge. Right now, online courses are one of the absolute best digital products to sell. The great thing about creating your own online course is that it can become a great resource of passive income: you have to do the hard work once, and then you can sell your course over and over again. You can use Teachable to create videos, audio, PowerPoint presentations, or anything else you need for your virtual course. Then, you just have to decide on a price and publish it. The more in-depth your course is, the more you will be able to charge. If you’re seriously interested in starting an online course, a great place to start is the Teachable free webinar. Teachable offers free live training to help you launch your online course in no time. You can claim your free spot by clicking here. Another way to teach kids online is through websites like Outschool that let you teach any subject, including cooking, acting, or singing. You will simply need to go through some background checks and make a video of an example class to show them you can teach.
Requirements To Become A Tutor
If you want to become a tutor, most companies will ask you for a bachelor’s degree and/or some experience teaching in the field. This is an excellent way to make money from home, especially if you already have some experience. BookNook, for example, is hiring tutors to teach reading and math skills to groups of up to four K – 8 kids online. You can make between $15-$22 an hour working from home! A great thing about BookNook is that no prep or lesson planning is required. Another fantastic way to become a tutor is by teaching English online to children in China.
VIP Kid is a great online platform for teaching English to Chinese students aged 5 to 12. You don’t need to know Chinese to teach as VIP Kid is a full English immersion class. The actual class provides a 1-on-1 full immersion experience to kids, and you can earn up to $22 per hour. EF Education First is another great company to work for. It’s an English company founded in 1965 and now offers online classes. You can earn up to $20 per hour from the comfort of your own home! You must be a US or UK resident and hold a bachelor’s degree, and by the start of your contract, you must have completed a 40-hour TEFL (or higher).
Once you are approved, you can start promoting your classes and making money. On average, teachers in Outschool earn $35 per teaching hour. And if you pick the right classes to teach and organize your schedule cleverly, you could even make over $10,000 a month
2. Monetize social media and streaming accounts or social media manager
Social media monetization is a social media marketing strategy where you generate income from your audience on your social channels. This can be based on digital products you promote (your own or that of others, aka affiliate marketing), and/or exclusive content you offer (such as online courses).
Your social media strategy will depend on which platforms you use and the capabilities of that social platform and your knowledge, understanding of, and connection with your audience. If you know what they want, know their pain points and struggles, and tailor your content marketing accordingly, you can contribute value to others and make money as a social media influencer.
To get started, first, choose your niche ― what is your social media platform going to be about? What kind of content creator will you be? What problems will you solve and how? Second, decide exactly who you want to create content for. What kind of person do you want to engage with? What are their problems, needs, and dreams? And, equally important, who is not your ideal target audience? These two decisions will help you create content that attracts your ideal audience.
Don’t worry about the number of followers. Build an audience that cares about your content, with people who interact, comment, share, subscribe, and buy. You can try affiliate marketing, paid influencer marketing, paid memberships, sponsored posts and videos, and or partner with other brands.
3. Make and sell homemade crafts, clothes, and art
The market for homemade products is growing rapidly and there are many things you can make and sell online from home without a big investment. However, choosing the right handmade products can be challenging with so much different information on the web.
To successfully make money online, you must come up with profitable craft business ideas that sell. The profitable ideas from many industries and niches, so you can choose whichever interests you the most like friendship bracelets, earrings, necklaces, canvas paintings, digital art, coloring books, pillowcases, candles, pet supplies, artificial plants, soap bar dishes, soap, bookmarks
4. Trade foreign currencies (FOREX) and cryptocurrencies
You can also trade foreign currencies, but it’s best to start small in this field as the financial losses can be big if you make a mistake. You’ll need an account on a trading platform and can set up automated trades or handle them yourself. Do your due diligence regarding the currency you want to trade; most platforms will have articles about how to start trading. Trading may be as simple as holding a currency and selling it when it’s worth more than your home currency (e.g., the U.S. dollar for people in the U.S.) or more traditional FOREX trading where you look at pairs of currencies. Just as you can trade stocks, so can you trade cryptocurrencies.
You’ll need to set up an account with a cryptocurrency site and choose your type of wallet (be careful here as “hot” and “cold” wallets each have different restrictions). You can choose to trade in futures or buy the currency and hold onto it as it rises or falls in price, selling it when it reaches a price you want in cash. Cryptocurrency is still an evolving field, subject to more tax regulations and to the whims of the market. People can make money at this, but proceed with caution.
5. Cook or bake, and sell your creations
If you’re wondering whether or not you can start selling baked goods from home through an online eCommerce marketplace or bakery website, the short answer is yes. However, there are certain food laws your business must adhere to.
The biggest requirements to be aware of are cottage food laws. These are national, yet state-specific food safety requirements for food creators. Whether you’re an up-and-coming cookie baker or an established food brand, these laws exist to protect both you and your customers.
In short, food laws require the following from every business owner:
- Annual inspection by the US health department.
- A no-animals-allowed kitchen and cooking environment.
- A valid business license from your state of operation.
- Adherence to zoning regulations and required permits.
- Appropriate food storage equipment for both cold and dry goods.
Once these requirements are met, here are additional fundamentals you should research before you start selling baked goods from home:
- Get your food handling certification. Becoming a certified food handler is an industry-recognized mark of professionalism. You’ll know how to keep all ingredients safe in your kitchen and also signal to consumers and the government that you’ve earned their trust. Consider buying eCommerce business insurance and a specific eCommerce business license for additional layers of protection. If you’re making the offline-to-online transition (O2O), you probably already have this certification.
- Use the most specific sustainable eCommerce packaging and labeling requirements for your product. Avoiding proper labeling requirements for your products will quickly become a legal headache. Correct labeling practices include listing all ingredients in the item, proper label size, eCommerce packaging that’s appropriate for the product, and listing allergens. This is not an exhaustive list of requirements, but it will put you on the right path.
- Remember to include sales tax.
6. Become a freelancer
One home business idea that’s becoming more popular is offering freelance services to clients online. Almost any role a business would hire for can potentially be filled by a freelancer, such as writing, graphic design, marketing, data entry, illustration, transcription, and Shopify store setup. Most of these services are best positioned toward business clients because online businesses are the ones who are willing to spend. Freelancers can charge based on the outcome of their work versus the deliverable, which gives them leverage when it comes to pricing their services.
“Every freelancer eventually learns that there are desired business outcomes tied to their work,” explains Elise Dopson, co-founder of Peak Freelance. “Freelance writers, for example, are not just blogging for a company. They are creating content that increases traffic, leads, and customers for a business. The sooner you learn that and can deliver on it, the more money you’ll make freelancing from home.”
Elise has worked with brands such as CXL, HubSpot, Privy, and other leading B2B software-as-a-service companies to produce incredible content that gets results. That’s how she broke the six-figure-income ceiling by the age of 21 all on her own schedule.
7. Start a dropshipping business
A few years ago, I decided I wanted to sell tea online. But after a few months, I realized how painful holding stock (in my bedroom!) is. was. Guess what? There is a way to make money from home with an online store without worrying about that at all.
Dropshipping allows you to sell products without ever seeing them or having to invest thousands of dollars in inventory. You work with a supplier who will ship items to your customers from their warehouse. You only pay for drop shipping when your product sells, and you have received payment from the customer, which means you can start a business with very little money.
But how do you make money? You make money by selling the products to your customer at a higher price than the drop shipping company charges you.
If you want to earn money from home without having to invest a fortune, dropshipping is a great business model because it’s easy to get started, has low overheads and set-up costs, and you can offer a wide range of products from day one. It’s also easy to scale.
But be mindful that you need to select the right product and a niche that isn’t oversaturated. There are very low margins, and you need to differentiate yourself through marketing.
When you choose a supplier, you’ll want to be mindful of factors like how long it will take them to ship items, how well the order is packed, and how their customer service will deal with your customers.
Dropshipping can be a great flexible work-from-home idea, and with the proper planning and research, you could build a profitable business.
To get started, you can set up your dropshipping store with several platforms including Shopify, WooCommerce on WordPress and Magento. You then need to find a supplier for your products (Sprocket on Shopify, AliExpress, and SaleHoo are great places to get started).
Theo McArthur has an incredible course that will teach you how to launch your first profitable dropship website in 14 days and grow your income to $10,000 per month.
8. Design and sell a mobile app
If you have development skills, designing and selling your own mobile application can be a great way to earn money. To put your app on the Google Play store, you’ll need to pay a one-time registration fee of $25. To list your app on the Apple store, you’ll need to pay to join the Apple Developer Program ($99 annually) or the Apple Developer Enterprise Program ($299 annually).
You can set your own price for your app and there is potential for passive income. However, it’s important to note that this is a difficult task and requires development skills.