A home-based business is not the same as working from home. The first one requires discipline, strategy, planning, and medium-term goals. You are your own boss. Contrary to work from home, which is a job that you do from a remote position, like surveys, digital content, data transcripts, or translations, you get paid by the hour or project, and you do have a boss.
You need to figure out which one fits your short and medium-term goals.
What type of home-based businesses are out there?
- Multilevel Marketing or MLM
- Online Services.
If you want to make it with MLM, you need to get some network marketing training, or you simply won’t make it. As in any MLM business.
3 things to keep in mind BEFORE joining any MLM
- Multilevel marketing is one of the hardest businesses to run, but it is one of the real ways to make money from home without investing more than $70.
- There will always be a registration fee and optional starting kits.
- Success is determined by your work ethic and networking skills.
7 Top MLM Companies
- Amway. (Revenue: $8.6 billion). Amway was founded in 1959 and is probably the most popular multilevel marketing company in the world.
- Avon. (Revenue: $5.7 billion). Avon has been around since 1886 when it was founded as the California Perfume Company. Known as Avon since 1939, more than 6 million people around the world currently sell the company’s cosmetics and other products directly to customers. This MLM company is one of the biggest beauty brands in the U.S..
- Herbalife. (Revenue $4.40 billion). Nutrition company Herbalife is a giant, with more than 2.3 million distributors. Herbalife has been in business since 1980, and Herbalife products feature vitamins, minerals, nutrients, enzymes, and other ingredients intended to support healthy and active lifestyles. Doctors and scientists have a role in product research and development; the company also has a Nutrition Advisory Board made up of international members.
- Mary Kay. (Revenue $3.25 billion). One of the best-known names in multilevel marketing, Mary Kay, has been around since 1963 when founder Mary Kay Ash started the company with a $5,000 investment.
- Nu Skin. (Revenue: $2.28 billion). Nu Skin is a company that sells anti-aging skincare products and nutritional products. It was founded in 1984 in Utah.
- Tupperware. (Revenue $2.26 Billion). Tupperware is one of the oldest and best-known MLMs. People have been hawking Tupperware since the 1950s. The companies founder was one of the pioneers of direct selling, realizing that it offered women a way to make money when many didn’t work outside the home.
- Melaluca. (Revenue $2 billion). Melaleuca calls themselves the “largest online wellness shopping club,” selling nutrition, personal care, home cleaning, and cosmetics products that are supposed to be safer and more cost-effective than grocery store brands.
- Etsy Store Owner. If you want to sell the crafts you make, and everyone loves, an Etsy store could be a good option. Etsy includes digital products and printables.
- Blogging. Being a mommy blogger is a real job for moms. Low entry cost, growth potential, you can work around your schedule or your family’s schedule and still earn an income. If you are creative, organized, and self-starter, then blogging is your next business.
- Bookkeeper. If you aced HomeEd, Maths, Economics, and you are incredibly organized, pay attention to details, then this is a good option. Bookkeeping records financial transactions, track expenses, record statements, and invoices. It is an excellent choice for stay-at-home moms because, after the first meeting, everything else is done via the phone or webcam. You can pitch your services at school meetings, local businesses that know you, or you can browse LinkedIn, or Flexjobs. The average fee you can charge your clients is $18/hour.
- Tutoring. If you have a Bachelor’s level or above, this could be a great option. Chegg facilitates online training via video call in a wide range of subjects, and pay starts at $20 an hour.
- English Teacher. This is the EASIEST and real way to make money from home if you are a native English speaker with an internet connection. VIPKid is specifically for students in China, and you can earn up to $22 an hour. Magic Ears is for teaching young children (aged 4-12), and you can earn from $20 to $26 an hour gogokid allows you to teach English online to Chinese children and make between $14 and $22 an hour.
Here is a secret gem I’ve found on cyberspace and Facebook groups, already reviewed and talked directly with the business owner, so is no scam, and their programs actually work!
Keep stopping by to see new opportunities.
I found Lorin on a Mompreneur’s group, and her business immediately caught my attention, she offers a course on how to start your own business as a VA, she means business, not side money.
Virtual Assistant Mom will teach you everything you need to know to start and grow your online business as a virtual assistant from pinpointing your service, setting up your business the right way, managing your time and money, booking clients and building relationships, and making more money while still working less hours.
She has a waitlist so hurry up, check the info and decide if that is what you want to do https://onlinebusinessmom.com/