With job postings still scarce, job security dissipating, and wages seemingly stagnant at best, many people are trying to establish some security by creating multiple streams of income. It’s a smart strategy, but if you have trouble leaving your home or primary position to get to a second job, you’ll find yourself frustrated and stressed out.
Perhaps you’re raising kids and you’re committed to not using daycare. Maybe you’re a little older and can’t commit to a full-time job. Or you might be injured or disabled, making it difficult for you to leave your home each day. Whatever your reason is, if you’re stuck at home most of the day, you’ve probably thought about the income you could be making by taking a work-from-home job or running your own business.
Good news: There are plenty of legitimate ways to earn extra money sitting right where you are right now. Some of them involve starting your own small business, while others mean working for someone else using your home as an office.
These endeavors aren’t without traps and challenges, though, so before we take a look at some legitimate ways to make money from your home, let’s review a few things that you should avoid. Unfortunately, if you want to earn an honest living from home, you’re also a common target of scammers, especially in these economically tough times. But if you keep these simple rules in mind, you won’t become a victim of one of the many work from home scams.
Legitimate Ways to Make Money from Home
Let’s look at a few real ways you can work from your home and make the extra cash that you and your family need.
1. Downsize and Declutter: Sell Your Unwanted Stuff
Before you really roll up your sleeves and monetize your personal or professional skills, why not right-size your life? Selling your unwanted stuff is a great way to downsize and declutter your life while earning some income on the side. If you’re transitioning to full-time work-at-home status, that income could provide a critical boost to your plans for a proper home office, or allow you to maintain your lifestyle during lean times without resorting to voluntary simplicity.
When it comes to at-home income, selling your unwanted stuff is the definition of “low-hanging fruit.” Even if you’re resolutely intentional in your purchasing habits, you surely have possessions that you can do without: old kids’ clothing and toys, disused sporting goods, out-of-fashion wardrobe accessories, electronics, entertainment, valuable but non-sentimental keepsakes such as watches and jewelry, broken-in furniture, dusty tools and outdoor equipment, and perhaps even big-ticket items like a motorcycle or second car.
The real question is: how and where do you sell all that stuff?
Sell Your Old Stuff Online With Decluttr
One of the best places to sell unwanted personal possessions is Decluttr, a website that buys used items directly from consumers. Unlike trade-in marketplaces such as Gazelle and auction websites such as eBay, Decluttr doesn’t act as a middleman between buyers and sellers. Rather, it’s best understood as a bulk buyer: an enterprise with deep pockets and an unsatiable appetite for used consumer products.
Decluttr specializes in entertainment (digital and analog) and consumer technology: books, DVDs, CDs, Blu-rays, games, tablets, laptops, smartphones. That makes it an excellent choice for folks looking to reuse and recycle technology products and reduce electronic waste, which is particularly damaging to the environment and human health.
Decluttr is easy to use. Grab an unwanted item, check that Decluttr buys it (for instance: CDs are great, old clothing is not), and enter its barcode into Decluttr’s “valuation engine” or use your Decluttr smartphone app (iOS and Android) to scan your item directly. You’ll receive an instant price quote that you can accept or decline with no obligation. If you accept, just pack your items into a box large enough to fit them, slap a free Decluttr shipping label on it, and bring it to any authorized UPS location (including drop boxes, if your box contains fewer than 25 items). Decluttr issues your payment the day after your item arrives by PayPal, direct deposit, or paper check. There’s no practical limit to the number of items you can sell: each order is technically limited to 500 items, but you can create as many orders as you like in any given timeframe.
Decluttr has some crucial advantages over other online selling platforms:
- Next Day Payment: When you sell on Decluttr, you receive payment within 24 hours after the sale completes and the item arrives at the new owner’s address. That’s substantially faster than many online consignment platforms, which tend to have more flexible payment terms. And it’s much more predictable than auction sites or venues for third party sellers (including Amazon), which typically allow buyers and sellers to work out their own payment arrangements.
- No Sales Commissions or Auction Fees: Since it acts as the sole buyer of products sold through its website, Decluttr doesn’t have to charge commissions on completed sales, nor auction listing fees. When you sell on an auction site, you need to accept both types of fees – and, in many cases, a steep haircut on your take-home earnings.
- Free Shipping: You don’t have to pay to ship your sold items to Decluttr. Shipping costs are factored into the price Decluttr is willing to pay for the items it buys. All you need to do is box up your item and drop it at a UPS location.
- Bulk Selling: For all practical purposes, you can sell as many items as you like on Decluttr. If you reach the 500-item-per-order limit, just start a new order. This is a big advantage for folks staring down huge boxes of old DVDs, CDs, and textbooks. And it’s a distinct competitive edge on retail trade-in platforms, which may require users to enter their items one at a time.
- User-friendly App: Decluttr is a mobile-ready platform made for selling on the go. The mobile app is a great help when you’re hunched over miscellaneous boxes in your dank basement or sweltering attic. You can use the app to scan in your items directly and utilize Decluttr’s “valuation engine” to quickly and easily see exactly how much you can earn. Many popular online selling platforms, including eBay and Amazon, are designed first and foremost with desktop and laptop users in mind.
Other Digital Options
Decluttr is a great way to quickly offload large volumes of old stuff at a fair price, but it’s not the only digital selling option in town. Depending on the amount of effort you’re willing to give and your preferred sales model, these alternatives are worth considering:
- eBay: eBay is one of the most popular websites in the world, period. That means it’s a great way to attract lots of eyeballs to your unwanted items, fast. Initially designed as an auction site for DIY sellers, it’s now primarily a venue for fixed-price (though often heavily discounted) sales by professional merchants. Still, as long as you include high-quality photographs and thorough descriptions in your product listings, you can likely break through the noise. eBay’s fee schedule is complex, but as a general rule, expect to lose 10% of your final selling price to the site’s commission.
- Amazon: Many people don’t realize that Amazon is a haven for third party sellers, including regular Joes and Janes cleaning out their attics and garages. If you plan to sell more than 40 items per month on Amazon, consider registering as a professional seller. You’ll need to pay a $39.99 monthly subscription fee, a referral fee that usually ranges from 6% to 20%, and a $1.35-per-item closing fee for media items. You won’t pay the $0.99-per-item selling fee, however. Alternatively, register as an individual seller. The fee schedule is the same as for professionals, except you do have to pay the selling fee and don’t have to pay the subscription fee.
- Craigslist: Craigslist is definitely the scrappiest of the major online resale options. The advantage of Craigslist is its enticing profit potential, thanks to the total lack of listing and selling fees for most items. The disadvantages are many, but include potential safety risks and higher chances of nonpayment. If you do choose Craigslist, keep your wits about you and use the buddy system.
- Trade-in (Resale) Marketplaces: There are plenty of other places to sell your stuff online, especially if they’re electronic. Popular and reputable online resale marketplaces include Gazelle, USell, and MaxBack. Major retailers such as Best Buy have extensive trade-in programs as well, as do national carriers such as Verizon and AT&T.
Hold a Yard or Garage Sale
Prefer to do things the old fashioned way? Sell whatever you can’t or don’t want to offload online at a garage sale instead.
Follow these tips for a successful garage sale:
- Set a Popular Time and Date: Most garage sales happen on weekends, and for good reason – that’s when the most people are out and about, seeking great deals on great finds. To maximize your exposure, consider a three-day event over a long weekend. If you live in a cold climate, wait until the weather warms.
- Make Sure You’re Legal: Before setting up your sale, make sure it’s legal to do so in your community. There’s a good chance you’ll need a permit, but getting one is usually a formality and rarely requires a substantial financial investment.
- Advertise Locally: Advertise your garage sale in appropriate local venues: your city’s Craigslist page, community social media sites such as Nextdoor, your local newspaper (online and in print, if applicable), and any relevant local publications (such as neighborhood magazines or your Patch outlet).
- Put Up Wayfinding Signs: Don’t assume that every prospective buyer will find his or her way to your place via Google Maps or Waze. Put up wayfinding signs in visible locations around your neighborhood, ideally on main roads leading to your street and multiple street corners in your home’s immediate vicinity.
- Research Pricing (And Set Fair Starting Prices): Before setting prices for each item, research your local Craigslist website and (if possible) nearby yard sales to get a sense of how to price them. Remember that many buyers will try to haggle – so set prices a bit higher than your bottom dollar, but not so high that you’ll scare off first bids. 10% to 15% is a good rule of thumb. Consider bunching low-value items, such as old CDs, into lots of five or 10, or offer x-for-$y deals.
- Accommodate Multiple Forms of Payment: Many deal-seekers carry cash, but you want to accommodate every potential buyer. So, in the days leading up to the event, consider purchasing a point-of-sale system that can accept credit cards. Square is a popular and relatively cost-effective option: it doesn’t cost anything upfront and bundles credit card processing fees into its own per-transaction fees, resulting in a net expense of 2.75% for most transactions (net of $97.25 for every $100 charged). This is a small price to pay to capture the ever-growing cashless consumer demographic. On the day before the sale, visit the bank and grab $100 in small bills and coin rolls to ensure you’ll have enough change for buyers who do prefer cash.
2. Start Investing
If you’re not investing, you’re missing out on some serious income. The typical online savings account gives you anywhere from a 1% to 2% return on your money; by contrast, the stock market has returned an average of nearly 10% over the past century.
While it’s important to have your emergency fund in a high-yield savings account, you’re missing out if you’re not investing the rest. By opening an investment account with a broker such as Ally Invest, you’ll allow yourself to earn a much higher income each year.
Make sure your investment portfolio is well-diversified. This means you should invest in both stocks and bonds as well as different sectors like technology, banks, and consumer goods. Also, consider alternative investments like real estate through a platform like DiversyFund. You can also use Masterworks gives investors the opportunity to invest in fine art, which has outperformed the S&P 500 by more than 250% since 2000.
One fast-growing investment trend is micro-investing. Micro-investing helps you get into the market at a much lower entry point. Investing apps such as Acorns round up every purchase you make and invest the difference, and you can choose a portfolio that matches your risk tolerance. Sign up for Acorns and receive a $5 bonus.
3. Freelance Writing: Sell Your Words
I may as well start with something I know well. When I started out as a freelance writer 20 years ago, things were very different. I wrote mostly for magazines, and I had to rely on snail mail to send out drafts and queries. I’d wait weeks for a response from my editors. Not many people had the patience for it, and few stuck around long enough to ever start earning a real income from it.
But the Internet has changed everything. Today, you can decide to become a freelance writer and, if you’re fortunate, get an assignment that very same day. Obviously, the better your skills and training are, the better your projects and freelance writing rates will be.
Today’s freelance writers can choose from a variety of markets. You can write for magazines, either online or in print. You can blog by setting up your own site, or by writing for someone else’s. The market for new articles on the Internet is vast, and there’s plenty of work to go around.
Additionally, book publishers are always looking for the next big book. People need sales letters, white papers, website copy, and e-books. In other words, there’s an ocean of work to do, and if you’re an ambitious writer, you can dive in and profit.
There are even online courses available that will teach you how to make a full-time living from writing.
If you want to work from home as a freelance writer, consider this checklist before you get started:
- Samples. You’ll need some samples before you can really begin marketing yourself. Figure out which market you want to approach first, and then find or create some related samples. For instance, if you want to try your hand at blogging, study some successful blogs, and then write a few posts of your own to use as samples. Do this for any and every market you’d want to write for.
- Tools. You don’t need much to work as a home-based freelance writer, but there are some tools that you must have. The most important will be your computer. Get the fastest Internet access that you can afford. It doesn’t matter what kind of computer you get. Just make sure you’re comfortable enough to spend a lot of time with it. Most clients will request that you submit your work as a Microsoft Word document, so make sure that whatever programs you use are compatible. In addition, because you’ll be spending so much time at the computer, make sure that you have a good work area with proper lighting. Some clients will want to be able to reach you by phone or Skype, so have both set up and accessible. You’ll need an invoicing program, such as Quickbooks Payroll, and a good bookkeeping system to keep track of sales, orders, and accounts receivables.
- Job Boards. When you’re first starting out, you’ll have to go looking for work, and the best place to do that is on one of the online job boards. Places like Fiverr, Elance, Freelancer, and oDesk are today’s writers’ best friends. They allow individuals and businesses to post projects, and freelancers to bid on them. Take a look around the sites, sign up for the free access in the beginning, and then begin to place bids on the projects that interest you. It will take some trial and error to find your groove, but once you do, the jobs will start to roll in.
- Persistence and Commitment. You’ll need to have a good amount of persistence while pursuing freelance writing gigs. This business is subjective, and while one person may love your writing, another may not. Do your best to always produce good, solid copy and hold on to your commitment to do the best you can for your clients. Just by committing to do those two things, you’ll be miles ahead of your competition.
4. Start Taking Paid Surveys Online
Paid surveys won’t replace your full-time income, but they are a great way to earn some extra cash on the side. Depending on how many companies you choose to work with and how many surveys you take each month, you could make hundreds of dollars.
The best part is that you can complete surveys almost anytime. Take them while you’re watching TV or waiting at the doctor’s office. If you use public transportation to get to and from work, take a survey while you’re sitting on the train or bus.
If you want to increase your earning potential, it’s best to sign up for several survey companies instead of picking one. Most survey companies will even give you a small bonus just for signing up
Are you ready to start earning money from paid surveys? Here are a few of the more popular options to check out
Survey Junkie is one of our favorite survey companies because of how easy they are to use. Just sign up and wait for an email with all available opportunities. After you’ve completed a survey, you earn points you can cash in for gift cards or cash right to your PayPal account
Swagbucks is probably the most well-known survey company. They have paid out over $338 million to their members. When you sign up, Swagbucks gives you a $10 bonus to get you started.
Similar to EarningStation, Swagbucks rewards you for doing more than just filling out surveys. You can earn when you watch videos, shop online, search the Web, and more. When you’re ready to cash out your Swagbucks, you can redeem them for gift cards to places such as Walmart and Amazon. You can also choose to get cash into your PayPal account.
Another option for earning money with surveys is with EarningStation. Signing up is easy because they allow you to do so through Facebook. They also give you a $0.50 bonus after you finish the sign-up process; it’s not huge, but it’s a start.
Surveys aren’t the only way to earn money with EarningStation. You can also get paid for activities such as reading emails, watching videos, and shopping through their partners. The payout threshold is set at $10, which is less than many other companies’.
5. Become a Pet Sitter – Get Paid to Play With Pets
How would you like to get paid to spend time with a furry, four-legged friend? When you sign up with Rover.com, you can. Rover.com gives you the chance to earn up to $1,000 on average each month. You can choose to be a dog walker, host a doggy day care, or board dogs and cats overnight in your home.
As a pet sitter, you have the flexibility that comes with running your own business. You set your own schedule and choose how much you want to charge. Plus, you can even decide what size and age of animals you’d like to take care of.
Pro Tip: According to Rover.com, sitters who board dogs or cats overnight earn twice as much as sitters who provide other services.
6. Classes: Sell Your Knowledge
Another great way to earn money from your home office is to sell your skills or knowledge by teaching classes through Udemy or Coursera. For instance, if you’re an exercise guru, you might start an exercise class in a large spacious area in your home. People are willing to pay to learn about many fields of knowledge, from cooking and gardening to soap or candle making. Playing a musical instrument, child birthing, dancing, dog training, yoga, and even foreign languages are all great topics for expert classes.
The key is to make the class sound unique and irresistible. Don’t just teach a cooking class; come up with specialty cooking classes. You might teach a class on how to make artesian breads, or cinnamon rolls that rival Cinnabon. The possibilities are endless, and if you consistently offer educational and fun classes, you’ll have people signing up over and over again.
But being successful at hosting your own classes requires some serious planning and attention to detail. Here is an outline of the things you’ll have to consider:
- Your Idea. It’s not enough to say that you’re going to offer an exercise classes. The people considering your classes will want to know exactly what they are going to get for their money, and it will be up to you to explain it concisely and effectively. Understand that you’re basically giving a sales pitch to potential attendees. You’ll have to really narrow down your topic.
- Your Schedule. Decide in advance how often you want to teach your class, and what times will work for you. If you’re teaching a foreign language, you will want to offer structured classes that meet at the same time every week. But if you intend to offer cooking classes, where one lesson won’t run into another, you can be a little more flexible.
- Remember that you’re making a commitment that will last weeks or months, and you won’t want to end up canceling classes. Pick a schedule that you can keep.
- Furthermore, carefully consider your likely attendees, and what schedule would be attractive to them. For example, if you’re planning on teaching a tutoring class, you obviously couldn’t schedule it during school hours. Likewise, a class aimed at mothers of young children will either have to include babysitting services or be scheduled at night, when they’re more likely to have help with the kids. Find the delicate balance of times that fit your prospective students’ schedules as well as your own.
- Your Price. When establishing a price for your classes, start by calling around and finding out what other choices your clients have. If you plan to offer cooking classes, call some commercial establishments and other in-home teachers. Compare your own talent and experience to what they’re offering, and set a price accordingly. You should always come in a little lower than classes offered by commercial establishments as that will be one of your selling points: expert information for less money.
- Your Deals. In addition to establishing a per-class price, also offer packages to entice people to sign up for more than one class. For example, if you intend to host classes on making soap, offer the classes individually, as well as in a group. Someone could take a class learning how to use fresh flowers in homemade soap, or they could buy a bundle that teaches them how to use those, fresh herbs, and plastic toys for kid’s soap. However you decide to price your classes, remember that the buyer will want to feel like they’re getting a lot for their money. If you can provide that in a fun atmosphere, they’ll likely be back time and time again – and they’ll bring friends.
- Your Ads. The key to success will be in your ability to get the word out about your classes. Word of mouth will play an important role in your marketing efforts because taking classes is something that friends like to do together. Don’t just rely on friends and family, though. Post fliers in supermarkets, churches, and school bulletin boards. You’ll definitely want to have an online presence so people who are searching your area for such classes will be able to find you. You can establish one by creating a website, and then using digital media to spread your message. And don’t forget your neighborhood as a source of business. Take some time to visit your neighbors, even if you just visit one block a day, and tell them about your new business.
7. Start a Blog
If you love to write, freelance writing isn’t the only way to make money from home. You can also start your own blog. Do you have something that you’re passionate about? Maybe it’s healthy cooking, fashion, or even homebrewing beer. If so, you can start a blog to share your knowledge and expertise with others.
Starting a blog is simple. You can get a free domain name from Bluehost when you sign up for one of their hosting packages.
The best part about starting a blog is that it can lead to a sizeable income. It takes a lot of work and dedication, but it’s possible. There are a lot of bloggers who make five or six figures each month. Sounds pretty good, doesn’t it? To make this happen, you’ll need to understand how to reliably (and efficiently) monetize your blog. This article from DollarSprout has some great tips.
8. Bed and Breakfast: Sell Space in Your Home
If you have a spare bedroom and bathroom, and a high tolerance for other people being in your home, you may be able to make money from home by hosting people in your home. Overnight travelers are always looking for a comfortable bed and breakfast, especially since frequent travelers are often weary of hotels and motels.
Your home is certainly more attractive than the mainstream sterile environments and run of the mill decor. Savvy homeowners have been taking advantage of their spare space, and they’re making money by offering travelers a one of a kind experience in a warm, friendly environment.
The best part is that people who use bed and breakfasts are more likely to pay more for the experience. The challenge is that there’s a lot of competition in this field, so if you think earning money this way is right for you, you’ll have to set up your home in a way that makes for a memorable experience for guests. Here’s a checklist to get you started:
- Location. The most successful bed and breakfasts are those that are convenient to airports, historic parts of town, or other tourist attractions. That’s because there are two types of guests who tend to frequent B&B’s: business travelers who are tired of sterile hotel rooms, and families looking for a unique experience. That’s not to say that you can’t develop a successful B&B if your home isn’t located in the perfect spot, but you might have to work harder to make it a success if it isn’t.
- Comfort. Perhaps the biggest thing that you’ll need to do in order to create a successful B&B is to make sure that your guests are as comfortable as they can be. Remember, they’re paying more for the experience of being comfortable away from home. As a trial, spend a night in the room in your house that you intend to rent and view things from a guest’s point of view. Is the temperature comfortable? Is the bath in the room, or at least a comfortable distance away while still being private? Is the bed soft and inviting? The pillows? Is the bedroom interior design, including colors, soothing? Can you hear household noises, or do you feel that you’re in a world of your own? All of these are important questions to ask yourself, but the answers will determine whether or not your guests recommend your place, or come back for another stay. Think about all the minor inconveniences and discomforts that you’ve just gotten used to over the years, and remember that a paying guest might not tolerate those problems for a night. You may need to spend a little money to fix these issues.
- Food. The second word in “Bed and Breakfast” is just as important as the first. Some B&Bs have tried to serve their guests muffins, juice, and coffee in the mornings, but the most successful hosts understand that the breakfast they serve will make a lasting impression on their guests. You can get creative and serve the type of breakfast traditional for the area that you’re in. For instance, if your home is located in the South, then eggs, grits, and biscuits may go over well, while Southwest guests may appreciate a traditional Tex-Mex meal. Whatever you decide, make it memorable and make sure that your guests feel welcome and appreciated. Make it memorable, and they’ll spread the word for you.
- Service. Another key aspect of successful B&Bs is the level of service that the hosts provide. You’re not just offering room and board, but an experience. If they need help planning a day seeing the sites, offer to sit down with them and help them plan their itinerary. If a businessperson needs copies for a presentation, offer to go and make them. Remember, your job as host will be to make your guests’ stays as comfortable and pleasurable as possible. If you succeed, they’ll remember you the next time they travel through your town.
- Advertising. You won’t have any quests until you get the word around about your room. Start locally by putting a sign in your front yard and spreading the word through friends and family. Next, build a small website and make sure that you attract the search engine spiders by using the keywords people would likely search for when looking for a place to stay in your area. In addition, there are sites that specialize in promoting specific areas and their attractions, such as HomeExchange, BedandBreakfast.com and Airbnb – your Bed and Breakfast should be listed there.
9. Start Investing in Real Estate
If you’re already investing in the stock market but want to diversify your portfolio, real estate is a great choice – and investing in real estate doesn’t have to cost you a lot of money.
Fundrise lets investors purchase real estate for as little as $500, and the average return on investment is between 8% and 11% annually. With Fundrise, you get all the benefits of being a real estate investor without the stress of dealing with tenants.
If you’re not interested in physically owning property, a company such as Roofstock is perfect for you. Roofstock is a marketplace that connects investors with property owners. They provide all the tools you need to analyze potential investments and even give you a guarantee that you’ll have a tenant within 45 days of closing.
10. Farmers’ Market: Sell Your Produce and Gourmet Foods
Every Saturday I visit the local farmers’ market, and every time I’m amazed at how wonderful their fruits and vegetables look compared to the choices in the grocery store.
While I’m a gardener too, I’ve never quite been able to grow such fantastic looking produce. If you’re blessed with a greener thumb than mine and you’re growing mass quantities of fruits, vegetables, or herbs, you just may be able to use those skills to earn some extra income.
Farmers’ markets are rapidly becoming the go-to places for people who want to eat fresh, wholesome foods. Local and organic both sounds great to buyers, and you’re not just limited to selling fruits and vegetables. Just yesterday I bought fresh homemade goat cheese and a roasted tomato pesto that almost brought me to tears.
You’d do most of your work in a home garden, but you’ll have to spend your weekends away from home. If you love the idea of selling your home-grown produce, but can’t swing being out of the house on weekends, consider selling to friends, family, and neighbors instead. Almost everyone prefers the taste of a fresh picked tomato to a store bought one.
While this is a great way to earn extra money doing what you love, you’ll need to keep a few things in mind before you get started:
- Selection. Lots of people will be selling produce, so if you want to be a success, you’ll have to make yours stand out. You might try selling some rare vegetables or hard-to-find herbs, or you might decide to include a special recipe with every variety.
- License. As long as you’re only selling fresh produce, you don’t need a special license. But if you plan to sell gourmet foods, you’ll have to call your local health department and find out the regulations in your area.
- Rules. All markets have different rules that every vendor must follow. You’ll have to file an application with the market for permission to sell your product. Contact the market manager and ask how you can get started.
- Display. Just as in any retail operation, the way you display your wares will greatly impact your sales. Produce should be placed underneath a cover to protect it from the sun, but be sure to allow at least seven feet of head room. Display your prices prominently, and clearly identify the things that make your product special. Personalize your stand with signs to inform your customers.
- Tools. Don’t forget that you’ll need a scale if you sell by the pound, a cash box to organize your income, and bags or boxes so your customers can easily transport your products home.
11. Crafts and Art: Sell Your Creativity
If you have a knack for creating beautiful things, then you were born at the right time to make some serious income from home. The growing trend for vintage and homemade products shows no signs of stopping. Plus, the Internet is chock full of well-known outlets for such wares.
Etsy, for example, is one of the fastest growing sites that gives artists a chance to sell items at a fair price. The site boasts over 40 categories, from gifts to clothes to edibles, with thousands of listings. And the price is right; you can get your own site connected to Etsy for just 20 cents per listing.
Selling on Etsy and similar sites, however, has become an art form itself, and finding success in these marketplaces takes a lot of work and planning. Your art is already a full-time job, but you’ll need to devote plenty of time to being a smart businessperson too. Here are some guidelines to getting started:
- Research. You need to know what others are selling before you decide what wares you will offer. Lots of people sell handmade items, but those who work hard to make their items unique in some way are the ones who truly stand out. After you’ve decided on a product, check out the other sellers on Etsy and find what they’re offering, and then figure out how you can do it differently.
- Commit. People who run successful shops on Etsy say that they do way more than create. They pass out business cards everywhere they go, they blog about their site, and spend all of their free time trying to think of new ways to promote it. In other words, to truly be a success, you have to treat it like a full-time job.
- Photographs. Because your customers won’t be able to touch or hold your items, you need to give them as much of a visual feel for the products as you can. You’ll do it with photographs – but not just any photos. They have to be pleasing to the eye and make the item look fantastic. You’ll have to learn the art of photography, and if you can’t get the hang of it, you’ll have to hire someone to do it for you. Yes, it’s that important.
- Selection. One of the keys to success on Etsy is selection, according to industry insiders. In fact, the goal of most serious shop owners is to have at least 200 items for sale. If you’re creating all of those items yourself, that’s a pretty big time commitment. But the more options you give to your customers, the higher the chances that you’ll make a sale.
- Mentorship. With sites like Etsy, it simply doesn’t make sense to reinvent the wheel when opening a shop. Instead, look to others who have been down the path and have learned the hard way what to do – and what not to do. Blogs like Handmadeology and EverythingEtsy.com offer hints and guidance for artists just looking to get started in this profitable home-based business.
12. Call Centers: Sell Your Time and Voice
If you have a great telephone voice, an ability to organize information quickly, and a quiet place in your home to work, you could make money working for a call center.
What is it exactly? Call centers cater to businesses that don’t have someone to answer their phones 24 hours a day. The calls are routed to a call center, and then sent out to individuals who work from their homes. These workers are equipped with computers and software to be able to answer customer’s questions.
The average pay for these jobs is about $9 per hour, and some companies offer health, dental, even matching 401k plans for their employees. Here are a few characteristics and supplies you should have:
- Diligence. In this industry, the line between scams and honest businesses is blurry, so you need to do your homework before accepting a position. Call the Better Business Bureau in your area to find out if there have been any complaints filed against the company, and do an online search on their name. Alpine Access is a well-respected company in the field, and Call Center Careers is a great place to look for legitimate call centers looking to hire.
- Equipment. You’ll likely have to invest in your own equipment before starting work with a call company. You will need a computer that meets the call center’s guidelines, earphones, an Internet connection, and a landline phone to do the work required. If you don’t already have the equipment, most companies won’t even consider your application.
- Grace. You’ll receive a lot of calls, and you must have the ability to handle them all smoothly. This means that you should have a personality that can multi-task without becoming flustered.
- Ambition. If you prove yourself a good employee, there are opportunities for advancement in the ranks of call center employees. You won’t even have to give up working from home to take a promotion; team leaders, managers, and account managers can all work from home.
13. Sewing and Alterations: Sell Your Handiwork
If you have sewing skills, you have a wide range of options. Just think for a moment about everything service you can provide if you have those skills. You can do alterations and design, and you can make wedding clothes, custom-fit clothes, and special attire.
You can make totes and bags, custom bedding, draperies, and upholstery cushions. You can go so far as to sew the special canvas cushions needed for boats and yachts, or commercial needs like booth and chair cushions.
In short, if you have sewing skills, you’re in demand. But there is more to sewing from your home for money than just hanging out a shingle. Let’s take a look at some of the issues you’ll face:
- Equipment. The largest, and most important, piece of equipment that you’ll need is a high-quality sewing machine. They can range in price from about $2,000 up to $6,000, and you’ll want the best one that you can afford. Other pieces of equipment will vary, depending on what you want to specialize in. For instance, if you intend to make custom draperies, you’ll need a serger, and a drapery steamer.
- Skill. If you’re going to sew for other people, your skills need to be far above average. If you’re a beginner or an average seamstress, wait until you improve their skills before attempting to earn money in this type of business. If people are going to trust their wedding dresses or their favorite sports jacket to you, you must be able to handle them with care and the utmost skill.
- Zoning. Because you’ll likely have a lot of customers in and out of your home, you should check with your local authorities to determine whether or not you need to be zoned for this type of business.
- Advertising. You’ll need to get the word out about your sewing business, and one of the best places to start is with your friends and neighbors. Make sure they are all aware of your services and are willing to pass around your business cards. In addition, you should put up fliers in local fabric stores and get to know the employees so that if someone asks, they’ll be able to refer you. Any business needs a website, and yours will be no exception; you can put up a simple one that outlines what you do, and tells the reader what kinds of prices to expect. Finally, by joining organizations like the American Sewing Guild, you’ll be able to stay in touch with others who are doing the same thing as you.
14. Used Book Sales: Sell Your Old Paperbacks
I was working at an estate sale the other weekend, and a woman came in and asked if there were any books for sale. After I pointed out the collection of books to her, she began to scan them all with a portable bar code scanner. My curiosity got the best of me and so I asked her what she was doing.
She explained that she buys used books from garage and estate sales, and then turns around and sells the books for cash on sites like Amazon, Ebay, Half.com and AbeBooks. She uses the scanner to determine how long it usually takes for a specific book to sell and how much it sells for. She told me that she makes a full-time living doing this.
So, I got the scoop on how to run a business of this type. Here’s what you need to know:
- Finances. You need to be good at quick math and be able to make quick decisions. You have to be careful how much you pay for a book, and then keep careful track of the expenses involved in selling it. For instance, when you sell on a website, they’ll take a commission from the sale. In addition, some sites, like eBay, will charge you a listing fee for each book. If you request that your money be deposited via PayPal, then you’ll be charged a transaction fee per book. If you’re not careful, the fees will quickly negate your profits.
- Storage. Depending on how big your business gets, you’ll need ample room to store the books. You can’t get lazy or disorganized about it, either. You have to keep the books in good condition, and you need to be able to find them when someone wants them. For instance, if you list a book in “like new” condition, and then the pages get smashed during storage, you’ll be in a bind if someone places an order before you realize what happened.
- Shipping. You will only have a few days to ship a book after it sells, and even less time if you agree to include two-day or overnight shipping as part of your options. And since you’ll want to save as much as you can on the shipping, you’ll have to devise a plan. Many people set aside specific days for shipping – say 3 days a week – and then make one big trip to the post office. As long as there isn’t anything else in the package, you can send books via media mail, which is the least expensive option. Finally, your books will need to be packaged in a way that they won’t get damaged in transit.
- Ratings. Whenever someone buys a book from you, they will have the opportunity to give the transaction a rating. This is when they’ll tell other potential buyers whether the book was in the condition that you described, whether it was mailed on time, and if your communications were pleasant and helpful. One bad rating can hamper sales, and a couple of them can downright stop them. Excel at customer service and your ratings will help your company grow.
- Current. It’s important that you stay current in this ever-changing business. You can do so by following some well-known blogs about the topic such as Sell Your Books Online.
15. Consulting: Sell Your Knowledge
Consultants offer their services or advice for a fee. For instance, you may help a new non-profit organization develop a plan for fundraising, and then oversee the process. Or you may help a new company garner media attention by writing press releases and then distributing them to the proper channels.
Individuals use consultants, too. Some people use consultants for tax or financial advice, while others may pay a consultant to teach them how to set up and maintain a garden.
Basically, if you have proven skills in an area, you can market yourself as a consultant and provide your services from home. Breaking in isn’t always easy, though, so consider these topics:
- Experience. Whatever area you want to work in as a consultant, you must be able to show clients that you’re qualified to advise them. If there are organizations related to your field, make sure that you’re a member of them. Similarly, if you can take a course and become certified or registered in your field, do it and then add that to your credentials.
- Work Space. When acting as a consultant, the probability is high that clients will be visiting your home office. Therefore, you need to have a neat, professional home office that is welcoming to guests. Try to locate your work space in a quiet, even secluded, area of the house. A converted garage space with its own entrance works well, giving you a private space for work and adding to your credibility.
- Marketing. When operating as a consultant, you won’t necessarily be marketing your company; you’ll be marketing yourself. You’ll have to “package” yourself in a way that makes people trust you. For instance, if you’re marketing yourself as a financial consultant, ask yourself why someone would trust you with their life savings, and then figure out a way to convey that to potential clients. It might be in the form of a brochure, a portfolio, a sales letter, or all three.
To get the word out about your services, you’ll have to talk to a lot of people. Attend functions where your typical client would hang out. That may mean the local agricultural department’s classes if you’re a gardening consultant, or Chamber of Commerce meetings if you’re a business consultant.
16. Medical Transcription: Sell Your Computer Skills
If you have great computer skills and can type quickly, you might be able to work from home doing medical transcription.
Doctors who make audio notes on patients need someone to transcribe their notes to put them in patient files, but most doctors don’t want to pay a full-time transcriptionist. Instead, they farm out the work, and it’s a great job for good typists with a good working knowledge of health topics and medical jargon.
That means you need to come with a lot of knowledge and follow this checklist:
- Training. To get a gig as a medical transcriptionist, you will have to take specific training. You will have to become proficient in medical terminology, and the best way to do that is to take additional courses in that area. The average course lasts from 9 to 18 months and costs about $3,000. Financial aid programs can help pay for your tuition.
- Breaking In. Many people find that once they’ve completed their training, getting their first job can be difficult because many companies require a minimum of two years experience. Many newbies start out by volunteering to get some history under their belt. It’s not impossible to land a job fresh out of school, but you’ll need diligence and persistence, and probably a little luck.
- Equipment. When you accept a job with a reputable company, they will provide you with all the equipment you need, except for high-speed Internet. Beware of companies that require you to supply your own equipment; that’s a sign of a possible scam.
- Socialize. Especially when you’re getting started, you need to establish contacts who are already immersed in the business. They can act as mentors, keep you up to date on industry changes, and even help you land your first or subsequent job. Look for the local chapter of the Association for Healthcare Documentation Integrity (AHDI) in your area and join.
Money Scams to Avoid
1. Requests for Money
Sure, you might expect some legitimate costs to be associated with starting a new business, like business licenses, permits, materials, or even some advertising or marketing fees.
You should never have to pay someone for the privilege of selling their product for them, but that’s just what scammers tell their marks. They trick people into paying for worthless information about how to run a business or for substandard materials to use in creating a product.
Some scams might involve asking you to pay for a “training” book or CD that explains how to make money in a certain business. Others charge for supposedly “exclusive” products that you’re supposed to sell at a premium. Avoid both of these scenarios. Remember, you should never have to pay to get a job. And if someone asks you to, you can be sure that it’s a scam.
2. Get Rich Schemes
Get-rich-quick schemes get only one person rich: the schemer. Not you. Don’t be that con artist’s next victim. If you are willing to put in the time and effort, you will have the opportunity to build a viable business or become a trusted home worker in a great business.
But if you’re looking for easy money, you’ll likely just get stuck with a lot of bills and worthless information. When websites run promotions that promise that you’ll make thousands a week with no experience and very little time, you can bet your bottom dollar that they’ll be in your wallet before you can ask the first question.
3. Offers That Are Too Good to Be True
You might be desperate for work, but don’t necessarily jump at an opportunity that sounds too good to be true. In my article about common Craigslist scams, I wrote about fake employers who “hire” new employees, then “accidentally” send them too much pay. They’ll ask their victims to wire back the difference, but a few weeks later, when the bank discovers that the initial check is a fraud, the “employee” is on the hook for hundreds, sometimes even thousands of dollars. If a job offer sounds too good to be true, it probably is.
These three points may seem like common sense, but the truth is that the people who run these scams are very good at what they do. They’ve been able to deceive many intelligent people because they present their “opportunities” so well that almost anyone will believe them. When you’re looking for a new job or extra income, it’s easy to get lulled into a comfort zone where they can take advantage of you. Keep your guard up – always.
For some people, work just has to be in an office, factory, store, or any other environment that’s separate from home. Even a second job would have to be in a separate place. For others, a home office is a welcome place for a secondary or even a primary job. If you’re one of those people, you have some unique opportunities, but you also have some very particular challenges of working from home.
Make sure you set a smart schedule that lets you diligently focus on your work, without throwing the rest of your life out of balance. And make sure you always keep your guard up for scams and cheats. When you’re on your own, you might have a little more freedom with your schedule, but you lose the sense of protection that a company can provide.
These ideas are just ten of the great ones for earning money from your own home. While employment opportunities are getting scarcer, isn’t it good to know that your ability to take things into your own hands is getting greater?
Do you make money working from home? What other ideas have you been able to come up with?