Turn staying at home into a profitable venture.
Everyone likes to earn money. That’s no surprise and there are literally countless ways to do it. From working as an employee to being self-employed or even starting up your own company, good business is where you find it and opportunity is there for anyone with a vision and strong work ethic.
The Rise of WFH
One of the fastest growing sectors in employment is WFH (Work From Home), which peaked during the Covid pandemic as people started working remotely for health reasons but many of those people have remained working from home, with more people following them in that regard. It is estimated that in the U.S. alone, around 12.7% of the workforce are working from home and it is predicted that by 2025, a whopping 32 million Americans will have their home as their workplace.
There are many advantages to working from home, such as flexibility of schedule, lack of need for daily time-consuming commutation, and a better work-life balance to name but three. In fact, those people who adopt a WFH approach to their jobs earn an average of $19,000 per year more than those who do not, meaning there’s certainly something to be said for conducting your professional life from the confines of your own abode.
How To Make Money With WFH
To that effect, we have consulted some experts on the WFH sector and using their professional advice, we will list 5 potential jobs you can do from home that may just earn you some serious moolah, based on the experiences of those who have done so and succeeded.
Ready to turn your home into a money-making enterprise? Let’s go…
1. Room Rental
Do you have an extra bedroom in your home not being used for its primary purpose and sitting mostly empty? Turn that room into a cash register by renting it out. Thanks to Airbnb, many people are doing just that and earning a lucrative new revenue stream in the process. The average Airbnb host in the U.S. earned around $44,000 per year in 2021, a very significant rise from the previous year’s figure of $25,000.
If you do decide to rent out a room in your home, it’s highly recommended you take out liability insurance and ensure your Airbnb account does not feature instant booking, so you can more easily control who exactly will enter your home.
2. Online Sales
Selling things online is a very common method for income generation in the WFH sector, with such professional and trusted websites as eBay, Etsy, and Amazon making it easy to establish yourself as a digital vendor.
If you’re not sure what to sell, look at the marketplace, do some research into trends and what is selling well currently. Think also of necessary aspects like supply, storage, and delivery that you will need to organize. Many successful online vendors have even gone on to create their own websites and used it to increase their market share even more.
3. Pet Services
A great way to combine your love of animals with your professional job. WFH pet services are an increasingly lucrative industry, earning an astounding $136 billion last year alone.
There are many types of pet-based services you can choose to provide, or a combination thereof, such as grooming, walking, minding, training, etc. But be mindful you are properly insured and comply with any local or national regulations concerning animal welfare and if you have a family that they are comfortable and safe around animals in your home.
4. YouTube
Since its introduction in 2005, YouTube has been the doorway for many folks to earn money by creating their own channels. With an estimated 60 million content creators, there’s a niche for every interest and an audience ready to watch.
Most YouTube content creators earn from advertising on their channels as well as product promotion – known as ‘influencer marketing’ – and oh boy, have some people earned, with the website generating just over $14 billion in 2023 so far through advertising with 2.7 billion active users and over 700,000 videos uploaded daily on the site. It’s a crowded field but if you establish yourself and gain a growing loyal audience, there’s literally no limit to how much you can earn.
5. Tutorials
Tutoring is not only a potentially lucrative endeavor (with some tutors earning up to $200,000 a year) but also a noble public service in that you are helping people learn. There literally is no limit to the subjects you can tutor upon and no shortage of already-existing tutorials, both physical and digital, offering that service.
Think about what subject you are interested in, what you are sufficiently knowledgeable about, and how effectively you can tutor someone in that area of interest. It’s best to have a recognised qualification in that subject to showcase your expertise. Also, many countries have laws to ensure digital platforms that host online tutorials have conducted a background check to avoid fraud so if you’re thinking of tutoring online, you better have all qualifications and skills instantly accessible and attained for verification.
The WFH sector is booming and opportunity knocks for anyone with a good idea. Good luck and all success to you.
