Stay-at-home moms know that an extra income is important. It can help cover expenses like a broken toy, video games for Jimmy’s bday or new choir shirts for the school year.
Passive income is money that you earn without having to actively work for it. There are several passive income ideas that will allow you to stay at home with your kids!
Start an E-Commerce Business
One of the most popular passive income options for stay-at-home moms is starting an ecommerce business. Whether you’re selling homemade decor or clothing boutiques, this can be a profitable and creative way to make money from home. Another option is selling stock images on Shutterstock or Dreamstime. If you have a car with sufficient space for signage, consider advertising it with companies like Wrapify or Carvertise to earn money while running errands.
If you have a background in fitness, offer personal training services to clients via video chat platforms. Similarly, those with a knack for editing can start a freelance proofreading service to serve print journals or authors. Many stay-at-home parents have turned their passions into real-life, revenue-producing businesses. They’ve found that working from home can liberate them from bumper-to-bumper traffic and restrictive 9-to-5 schedules.
Rent Out Your Spare Room
One of the best passive income ideas for stay-at-home parents is to rent out a room in your home. This can be an actual bedroom or an extra space like a home office. You may need to invest some money into decorating your rental space, but you will be able to generate a reliable source of passive income on an ongoing basis.
Another way to earn passive income is by creating online courses on subjects you know a lot about. You can use a platform like Teachable to create an evergreen course that will generate income month after month. You can also try a more hands-off approach to passive income by investing in real estate through REITs or crowdfunding. These are considered more risky investments but they can be very profitable.
Rent Out Baby Gear
There are many ways to earn money from home without having to work a full-time job. If you’re crafty and enjoy making handmade items, selling them on e-commerce sites like Etsy can be an excellent option. Alternatively, you can also use your creative skills to teach or become a freelance writer.
Another great way to earn a passive income from home is by renting out baby gear that you no longer use. There are several online platforms that will allow you to rent out your equipment, such as BabyQuip.
Other ways to earn a passive income from home include investing in real estate or dividend stocks. Investing in crowdfunded real estate through Fundrise, for example, allows you to start investing with minimal capital. You can also rent out your RV or camper using rental platforms like RVShare and Outdoorsy.
Start a Freelance Writing Business
There are only so many bubbles you can blow, spots you can hide during a game of hide-n-seek and art projects you can create before your little ones start to run out of things to do with you. However, if you want to earn more money and feel more grownup while staying at home with your children, then starting a freelance writing business may be the way for you to go.
To start a freelance writing business, you’ll need to select a name and register it. This can be done online with your local secretary of state and typically costs $10 – $25. You’ll also need to decide what type of content you want to write about and choose a platform where people can find your work.
Sell Your Unused Items
As a parent, you may have unused items like a car you rarely use or baby gear you no longer need. Instead of holding onto them, consider selling them to online marketplaces like eBay and Etsy.
If you have a specific skill or knowledge, creating an online course is another passive income option. Platforms like Teachable and Skillshare make it easy to upload evergreen courses and earn money each time someone makes a purchase.
Another popular form of passive income is investing in real estate. This requires a large upfront investment, but it can be very lucrative in the long run.
