Five years ago, I was a pregnant Client Reporting Representative working a 9-to-5 office job at a local collection agency. I knew that I needed to learn how to make a lot of money in order to replace my office job.
With growing aspirations of staying home with my unborn son, I began to rough out the plans for my own home-based business. By six weeks postpartum, I decided that I would not be returning to work, and I officially took the plunge to supplement my husband’s income by working from home.
What I didn’t know then is that my business idea for supplemental income would grow from $14,000 in the first year, to $41,000 in the second year, to $50,000 in the third year, to $70,000+ by the fifth year, and so on.
After realizing the potential of my business, I already have plans to invest in my business and grow my earnings even more during the next three years.
It takes time, dedication and a lot of faith to start this journey, and the idea of quitting a day job to work from home is certainly not for the faint of heart. But that said, I want to teach you how to make online so that you too can stay home with your children.
10 Things I do From Home to Make Money
To increase my business income from $50,000 to $70,000 this year, I knew exactly what I needed to do: diversify.
Income diversification is a well-known but often ignored tactic that online business owners take advantage of. The average millionaire has seven income streams. That means to grow your income doesn’t always mean to buckle down on the one thing you’re doing—it’s to diversify and add new strategies.
So, in no particular order, here are the ways that I make money from home:
Services I offer:
Related:30 Service Business Ideas
Related:How to Start a Blog
Other Income Streams:
- Real estate investment
That’s 10 streams of income so far, and I still plan to scale each one of those over time!
I want to focus on my most recent income stream, ambassadorship. This is something you can pursue with a number of brands and businesses, but I chose one that is making a difference in my life.
This income stream has helped me earn an additional $1,000+ in the first three months of getting started! I felt compelled to share about this one in more detail because this is more than most new businesses earn in the first 6 months to a year!
I had heard of Plexus over the years in bits and pieces but never claimed to know what it was about. I thought I was “perfectly” healthy and didn’t need to worry about that stuff anyway (yeah, wait until you hit 30+ LOL). But when my husband’s health declined, I felt the need to learn more about it.
My best friend has struggled with health issues for so long, and she reached out to me to share the products–knowing that my husband has been struggling. It didn’t seem salesy, weird, or awkward at all–she just genuinely wanted to share what was working for her.
So, while improving her health (which is why she joined the company in the first place), Eleah managed to earn more than $500 in her first month (and another $500+ in her second month) just by sharing her journey! Me being business-minded and knowing that my husband (and quite frankly myself) needed an intervention on health issues (mine just being extra weight that I’ve put on), I decided to dig into the company to learn as much as I can about it.
Here are the benefits that stuck out to me:
- Aids weight loss*
- Improves gut health (which is the basis for SO many health issues)*
- Increases energy and mood*
- Generous compensation in commissions, bonuses, and free products
Since you’re here to learn how to make money from home, I thought it would be extremely relevant to share how this company is helping some of my personal friends help support their families**
- Fast Start Bonus (within 30 days of signing up)
- Enroll 3 new people and earn a $305 bonus.
- Enroll 6 new people and earn an additional $205 bonus.
- Enroll 9 new people and earn an additional $205 bonus.
- Enroll 12 new people and earn an additional $505 bonus.
- Total BONUS opportunity = $1,220 on TOP of normal commissions BBBs, and points. $100 of each bonus you achieve is supposed to pay out within 72 hours of earning it. The rest arrives the following week and month.
- Commission (for the life of your new and reoccurring sales)
- Starts at 15% (on top of monthly bonuses).
- Increases to 25% as sales increase.
- Points (for each new Welcome Pack sold)
- 5 points for each person you enroll, and for each person they enroll.
- These points help you rank up in the business, also you get paid approximately $2.75 for each point earned every month.
- BBBs aka Business Building Bonuses
- $20 for each person you enroll.
- $5 for each person your enrollees enroll.
While the compensation may seem complex, it only looks that way because the company is working hard to help you make the most money by sharing your journey.**
Listen, if you don’t want to invest in your own health and build a business that helps others do the same, that’s totally fine! There are plenty of others ways to earn money from home. I just felt compelled to share this opportunity with you since it’s helping me build a new stream of income with very little effort.
My husband and I waited far too long before we decided to better our health and share our journey with others. Please don’t make the same mistake.
10 Steps to Develop a Home Business
So now that you know of all the different ways you can make money from home, how do you actually do it? Here’s how you take an idea and turn it into a business.
If you still need inspiration, here is a list of 100 business ideas that will help you decide where to start.
Step 1: Outline skills
I began this first step with writing and data entry. First, I made a simple list of all of the legitimate work-from-home options that I felt matched my existing skills. My list included an in-home daycare, piano lessons, becoming a virtual assistant, rebranding and drop shipping, and writing services.
In my case, writing services turned out to be the best fit for me. Since starting a work-from-home business can be a slow process, I also picked up a few babysitting hours during the first few months.
Step 2: Seek out clients
In hindsight, my second step to building my home-based business could have included a few more marketing techniques. But I was also taking care of a newborn baby, so that meant my time was limited. All I needed to do was post a well-written Craigslist ad, and within two weeks, I had landed my first writing client with a decent amount of writing gigs to keep me busy. My main income stream started from blogging and creating fresh web copy.
If only I had taken into consideration the revenue that my hundreds of blog posts have earned for various clientele these last three years; I would have started my own blog (The Pay At Home Parent Blog) much sooner! If you are struggling with this very idea, be sure to review my instructions on how to start a blog to make money.
Step 3: Grow your skills
I eventually realized that writing was not the only service that I was qualified to offer. I quickly learned Web design and Web user experience testing and began to implement that knowledge with both new and existing clients. One of the most important skills that a business owner can cultivate is the willingness to keep an open mind and learn new things. If you take away just one thing from this, please let it be to be willing to consider new ideas, and to always keep learning.
Step 4: Build a website and portfolio
It took me nearly eight months to launch my own website design portfolio (which also detailed my services offered). This step will often be one of the first completed by a new business owner, but I find that it worked best for me to wait. Since I had very little documented professional experience writing and even less familiarity with designing websites, I decided to postpone this step until I had enough experience under my belt to build a website portfolio of my own. I quickly finished as many projects as I could in those first eight months and used them to build a well-rounded portfolio that I still add to today.
I will say that I now wish that I had started my own website and/or blog immediately rather than waiting for a fuller portfolio. This is because it can take 6 to 12 months for a blog or website to earn organic (or free) views from people on the web. So take my advice and start your blog or create a website immediately so that you can grow your audience while growing your portfolio!
Step 5: Hire subcontractors and develop relationships
Every fast-growing home business will eventually run into the “bottleneck” effect, where everything slows down because the owner can handle only so much work. About 10 months into my journey, I knew that I was maxing out my part-time schedule and that my income would stop growing if I didn’t put together a team of writers – and soon – to alleviate my daily tasks. It didn’t take long for me to build up a strong team of writers who could help me when I needed it.
You can start small by posting little tasks here and see how it grows your business exponentially as you subcontract more and more work.
Step 6: Establish partnerships and trusted affiliates
This is an important business component that every organization should at least consider. It took me a full year to finally establish partnerships. Partners and affiliates are able to fulfill any of your target audience’s needs that you can’t or don’t personally provide. In my case, I migrate websites from old platforms to new ones, providing a new, fresh design. Thanks to my growing partner list, I can now continuously service clients in the foreground while bringing in residual income by referring customers to my trusted affiliates in the background. Do yourself a favor and incorporate this important step – and get on top of it sooner than I did!
Increase your sales, develop your brand, and generate interest in your business with affiliate marketing.
Step 7: Build a client base using gained knowledge
I found that work didn’t flow in at a steady pace during the first year and a half of my home-based business. I took advantage of that spare time to learn new skills so that I could gain more trust – and ultimately more work – from my existing clients. I never tell my customers, “I don’t know how to do that.” I instead say, “I will research that and have an answer for you today!” My clients generally give feedback on my work speed. They know that if they come to me with a request that I don’t have an answer to right away, the turnaround time for me to have it learned and completed will be very short. Each one of your clients wants to feel like they are your only one, especially during those crucial initial interactions.
Step 8: See a need and fill it with automation
In this age of technology, every business wants to know how to save money by putting something on autopilot. At the end of 2016, a large retail eCommerce business owner asked me if I could automate his various security system quotes. His employees take inbound calls and emails all day and manually create system quotes, but they still have a difficult time keeping up with customer demands. While I had no idea how to fulfill his request at the time, within three days, I had created automation that sent quotes for his first major system directly to his customers’ email addresses all day long. I now quote more than 20 different systems multiple times per day for a total of more than $10 million quoted in 2017 alone.
One of my favorite more recent automations is Pinterest. I recently wrote a tutorial on how to setup your own Pinterest scheduler for free. This is a huge time saver for me and it costs nothing to use each month!
Step 9: Step out of your comfort zone to fill more roles
When my quote automation service was brand new, I did not have a way to measure its value and was therefore unsure about how to properly charge my client. Instead of creating the tool and then stepping out of the picture, I took on the opportunity to treat this as an ongoing service and support many of the end customers who are quoted on a daily basis. Instead of paying a one-time fee to use my automated quote tools on their websites, my clients instead pay me a commission in exchange for my knowledge and support time spent with customer calls and emails. If you had asked me two years ago if I could ever picture myself in sales, I would have said, “Never!” Today, I would not have it any other way!
Step 10: Reinvest in the business and start new ventures
During the past three years of working from home, I have reinvested a seemingly low percentage of income back into my business. I have recently found that the more I invest, the more it grows. For many ventures, it is true that you have to spend money to make money. Be aware that many work-from-home scammers want you to believe that you can pay them a little bit of money and almost instantly start to see the cash flow in. That is certainly not a realistic expectation for any legitimate home-based business. Depending on your business idea, you may need only a laptop, a website, and a plan to begin with. But you must be willing to invest even a small amount so that you can see growth in the future.
How Can You Can You Make Money From Home?
These tried and true steps can be applied to any field – whether you are already making money on the side, or are looking to quit your day job and go all in. They will help you build the home-based business of your dreams and finally ditch the office to work from home.
Remember that you set your own limits when it comes to how much you can earn working from home. If you are not willing to put time, research and initial funding into making it work, then a home-based business may not be for you.