How To Earn An Extra Income From Home
I know you follow my blog because you want to grow your business, succeed in your business, and make a solid income from home. I want that for you too!
But I have to be honest with you, building a solid income while working from home is a lot like trying to lose weight: It is going to take time. Sure, you can use a fad diet to take drastic measures, but most likely the weight loss won’t stick, especially if you don’t incorporate exercise and do some heavy lifting.
If you jump on the latest trend, it could fizzle fast. You could rake in some money at first and then your income stream will dry up. That is not what I want for you. I want you to have a solid revenue stream and find long-term success.
I’ve talked extensively about building your business slowly, and I’m not going to stop talking about it. Start small, keep your current day job, and scale up as you are able. This will allow you to test the waters and see what business ventures will be viable.
Do you know what else you should be doing to earn a good income from home? Diversifying your revenue stream.
Diversifying means finding different sources of income. This could be entirely around one business idea or it could mean having several businesses.
Diversifying around one business idea could look something like this:
Let’s say you are an extremely talented baker and want to build a baking business. Ways to obtain revenue from several sources could include:
- Starting a baking blog and promoting affiliate links for the products you love
- Writing a book about baking or putting together a recipe book to sell
- Selling your baking treats locally
- Offering both in-person and web-based baking classes
- Selling ad space on your baking blog
- Offer a members-only recipe archive
- Developing a YouTube channel
Then, of course, you can start several businesses. The Green Brothers, John and Hank Green are great examples of this model. John Green is a well-known young adult author who has had two films come out based on his books: The Fault in Our Stars and Paper Towns. Over the years, the brothers have individually and together started several YouTube Channels. They also started an online store for YouTubers to sell merchandise.
You may also consider exactly how you want to earn money from working at home. Starting your own business isn’t the only option. We have of course talked about at-home franchises, which is one option. You may also consider working remotely.
If you are interested in working remotely, you may check with your current employer to see if they have options for at-home work. If they don’t offer anything like this, there are a host of websites that advertise remote jobs. If you keep an eye out, Amazon and Apple both offer at-home customer services jobs.
Be aware, scammers love to offer fake jobs and evaporate. Legitimate employers won’t require you to pay a fee for more information and they won’t send you junk emails about at-home jobs.
You could also take up several small at-home jobs that would offer you a steady income. This would be similar to starting and developing several business models as a diversification model. Some of these types of opportunities include:
- Mystery Shopping
- Taking surveys online
- Working as a virtual assistant
- Using a freelance website like Fiverr
- Tutoring (at home or online)
- Selling your old items and books on Ebay/Amazon
- Offering music lessons
- Pet sitting
- Party Planning
As you explore these options, I wish you luck and great success!
If you would like to learn how to create a successful business online then I suggest you click the link below and start your education.
If you’d like any help in starting your online business drop me a line in the box below or send a message here