Passive income for moms who have limited time, resources, and opportunities can be a Godsend and will transform your life. Of course, some time and dedication are required, but there’s potential for real change. From blogging to reviews, here are some handy suggestions.
Consider Digital Products
Running a home business can be a dream, but chasing invoices and running the numbers isn’t passive and not really the most fun thing to do. Everyday skills that many moms have, such as baking, crafting, and even tutoring, can be turned into real money that comes in with dedication and passion, but minimal oversight or extra work in the form of digital products like eBooks, videos, and courses. Using payment API integration will also help you simplify transactions.
Monetize Your Existing Blog
Did you know you can make money from your late-night coffee ranting? There are a few classic ways to monetize a blog, and if you already have a following, the potential for good money is much higher. Affiliate marketing is by far the most common. With this method, you place links to products and earn from qualified sales. Then there’s Google Ads, which pays you for interactions, without any work, yay! If you get noticed, you can also write sponsored posts.
Passive Income for Moms on Etsy
There are 8 million active Etsy sellers today, and platforms like this can be transformative for your income. Many real-life moms like Emily Bennet work from home to make extra income with their skills, and there are numerous ways to make passive income for moms using Etsy:
- Digital downloads, such as smartphone wallpapers, can sell well seasonally.
- High-ticket digital products such as courses, printables, and apps can make big money.
- People will also pay good money for high-quality, crafted products such as baby clothing.
Write Reviews for Amazon Vine
Not strictly passive, writing reviews for Amazon can get you some free products, which you can sell later on. However, Amazon’s free product service, Vine, is invite-only, and you must write at least 30 reviews before being invited. If you are invited, you can get a wide range of free stuff to review. However, you must hold on to any products for at least six months before selling. Yet this can be an extra revenue stream that can net you some spare cash without much effort.
Care for Children or Pets
If you are always home, then opening it up to children or pets can be an excellent way to make extra money. Opening a child daycare helps other parents when they need to work, and you can charge for your time. Of course, there is a lot of licensing required, but you might as well look after a few other kids while looking after your own. If there are potential license issues, you can consider looking after pets such as cats and dogs for owners who must leave for a while.
Summary
Digital products can open up huge potential for making passive income for moms who need some extra money. You can also make money from existing blogs with methods like Google Ads. Yet, you can also make extra money by looking after kids or pets if you are always home.