Recovering Income Lost During the Pandemic as a Stay-at-Home Mom
Recovering Income Lost During the Pandemic as a Stay-at-Home Mom
The pandemic has a unique impact on women. The closure of schools due to COVID-19 altered the landscape. Stay-at-home moms were suddenly filling the role of teacher, putting additional strains on households. Plus, 36 percent of working moms had to cover a lot of the child care duties as they worked remotely during the pandemic, leading some to leave the workforce to act as caregivers instead of trying to balance both. Overall,two-thirds of U.S. households with children lost income due to COVID-19, leaving many to wonder what they can do to help bring in more revenue. Fortunately, online money-making solutions can be a stellar option. With a little help from The Fab Chieftess, let’s take a look at a few paths stay-at-home moms can take to regain their financial footing post-pandemic.
The Best Online Money-Making Options for Stay-at-Home Moms
As a stay-at-home mom, flexibility is usually a priority. As a result, a traditional job with set hours might not be an excellent fit. Instead, you may have better luck as a freelancer. Freelancers are essential project workers that are contracted to handle a specific task. In most cases, you can tackle the activities on your terms, allowing you to work at times of day that best meets your needs. All you need to do is submit the deliverables on time. Plus, freelancers can take on as much or as little work as they’d like to handle. You can pick and choose your projects, ensuring you remain in control of your schedule. However, if you can only spare a few minutes at a time, other options work for that as well. Online surveys through reputable companies like Esearch.com can be worth exploring. While they won’t bring in a ton of income, it can make a difference. Similarly, providing website feedback through sites like UserTesting can help you boost your earnings without a long time commitment. Usually, the tests only take around ten minutes to complete, making it a flexible option that you can squeeze in during a business day.
Launching a Business to Generate Income
At times, launching a business could be your best bet. Whether you turn a freelancing side gig into a company, start dropshipping, or pursue another path, it’s a way to earn money while remaining in control of your career. To get started, create a business plan that explains your products or services, includes a market analysis, and details potential revenue streams. When marketed effectively, your company can boost its earnings potential, leading to more income. Using savvy approaches as you design your marketing is also wise. Also, bookkeeping is often a problem for new businesses, so you’ll want to invest in an accounting software solution that’s affordable, secure, and easy to use. Choosing a business structure is a must when you’re forming a company, as well. You can get numerous benefits by going with an LLC, including more flexibility, less paperwork, limited liability, and more. Just take the time to research LLC laws in your state, as they vary by location. If you’re worried that you don’t have the business savvy to launch a company, consider building on your existing skills by heading back to school. Earning an online business degree lets you sharpen your capabilities, whether you focus on business management, marketing, or leadership. Plus, it’s easier to fit into a busy schedule. The pandemic has been tough on all of us, especially moms. Use the tips above to earn some extra cash or start a full-time business.
The Fab Chieftess believes that women can have it all without sacrificing the other areas in life. By developing a strategy, accountability, and mindset work you can discover a better way to enrich and live the life you want to lead. Book a consultation today!
Author: Eleanor Wyatt
Website: remoteworkwellness.net