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Many stay-at-home moms want to supplement their family's finances with a side income.
But being a stay-at-home parent takes a lot of time. One study Show that stay-at-home moms work over 90 hours a week!
In other words, stay-at-home moms are struggling to find it time To make money. Therefore, the less side income, the better.
That's why many stay-at-home moms who want or need to earn extra money love the concept of passive income. So, if you're looking for passive income ideas, read on to explore the possibilities!
What is passive income?
Before we get into passive income ideas, we need to define passive income and disclaimer.
Passive income It means you earn money even when you don't spend time working. So, you are not constantly exchanging your time for money.
On the other hand, active Income means trading your time for money. In exchange for spending time at a job, you receive a salary. So, if you stop working, you won't get paid.
The passive income ideas in this article do not require you to be in work to make money.
But here's the disclaimer – when it comes to making money, there's really nothing negative.
You will likely take whatever method you earn an income at least some Time and effort. Most passive income ideas require prior work and an ongoing investment of time.
But that doesn't mean it's not worth following! With most passive income ideas, you're your own boss. You can earn money even while you are sleeping, spending time with your children, or on vacation.
This means that sometimes you are just trading your time for money. In addition, it offers… flexibility, Which is great for stay-at-home parents.
With that in mind, read on for some great passive income ideas for busy stay-at-home moms.
Related to: Active Income vs. Passive Income vs. Portfolio Income, Differences
Passive income ideas for stay at home moms
Invest your money
Investing in the stock market is the most passive of all income generating ideas. If you are patient and diligent about investing over the long term, you can build future wealth.
And despite what many people think, you are not required to be an expert at it Start investing. In addition, it is possible that Start with a small amount of money.
However, like other passive income ideas, investing comes with risks, and is a long-term strategy.
If you are risk averse Or you have short term Financial goals, you may explore options besides stocks. Consider high-interest savings accounts. Certificates of depositsthe treasury and the municipality Worthy bonds.
Related reading:
Create and sell printed materials
Make and sell printed materials online Shopping in your Etsy store is an excellent way to earn extra money. Some sellers even manage to turn it into a full-time income.
You don't have to have design skills to start making printables, the start-up costs are low, and you can do it on your own time. Once the printables are created and listed, there will be little time for hands-on practice.
If you want to know where to start, check out our friends Julie and Cody Electronic printing course! It will save you time and help you make money more quickly.
Selling stock images (licenses)
If you have a knack for great photography, consider selling your photos. Selling images under a royalty-free license is a relatively passive way to make money.
It takes time to build a portfolio that makes money. But each image is used repeatedly, so it only takes a little ongoing work once you've got your images listed. Additionally, stock photography agencies handle the sales for you (although they charge a commission).
If you choose to sell photos, use well-known sites like Alamy, Shutterstock, and iStock.
Sell ​​your digital art online
Digital art is more popular and accessible than ever before. So, if you are a photographer, graphic designer, or digital artist of any kind, you can sell your work online.
How you sell your artwork will determine the amount of time and energy you put into it. A more hands-off approach allows buyers to use your artwork digitally or print it themselves.
Online marketplaces like Etsy also make marketing and sales easy, although they take a cut of the sales.
You can also use print on demand services to sell your artwork without much effort. For example, some services, like Printful, will print your artwork and ship it to you.
Additionally, print-on-demand marketplaces, like RedBubble, allow buyers to print your artwork on mugs, t-shirts, and other merchandise.
Place ads on your car
Car Wrapping Ads are for more than just NASCAR! Many car wrapping companies advertise newer cars in specific locations.
If you have a good driving record, a new car in good condition, and you drive a lot, car wrap ads can be a source of passive income!
The amount you earn depends on the size of the ad and how often you drive (and where). (Some ad agencies prefer gig economy workers, such as Uber and Lyft drivers.)
But before registering, it is wise to check the agency to ensure its legitimacy. There are many reputable car wrapping agencies, but there are also scams.
Writing and selling e-books
If you enjoy writing stories or have expertise in a particular topic, you can write and sell eBooks!
Writing a book is no Negatively, realistically, it takes a lot of time and energy. But once an eBook is published and put up for sale, there is little time for hands-on training.
Even if you don't want to He writes Book, you can create journals, workbooks or charts to sell!
Many online resources help you write and publish an eBook!
Ebook templates, proofreading software, and design platforms help you put it together. Then, you can publish it on your website or platforms like Kindle Direct Publishing, Smashwords, or Gumroad.
Start a vending machine business
Vending machines require an upfront investment of time and money. But once you get it up and running, it can be an excellent way to earn a relatively passive income.
Setting for Vending machine business It involves purchasing a machine, inventory, and finding a good location. Once established, the ongoing tasks are maintaining inventory, repairing broken machines, and raising money.
The time it takes for a vending machine to operate depends on factors such as restocking and maintenance.
Will you hire someone to replenish inventory and maintain your machine? If so, it's more passive than if you were to do the tasks yourself.
Create and sell an online course
Easy access to information and learning resources on many (many!) topics makes online courses attractive to businesses and individuals alike.
The good news is that you don't need a professional degree to design a course. However, you need knowledge and experience in a particular subject.
Creating an online course requires a lot of time and energy. But once you create it, you can market and sell it repeatedly for a relatively passive income stream.
Many course creators use course platforms like Udemy and Teachable. Course platforms keep a portion of course sales, but content creators reach a wider audience.
Start a blog or niche website
Like other passive income ideas, creating a blog or niche website takes time upfront! Creating website content and reaching your target audience is no easy task. But with consistency and patience, you can create a niche blog or website He can become profitable.
After a website gets enough traffic, it can earn money through advertising, affiliate marketing, digital products, and sponsored posts.
Of course, you still have to devote some time to your site. But you can cut back your hours to just a few hours a month and still make money.
Create a channel on YouTube
Creating videos about your experience, knowledge, and passion is a way to make money – even while you sleep.
However, as with blogging, creating a YouTube channel takes time, consistency, and patience!
However, once you have a bunch of videos and an audience, you can make money from your channel through ads, affiliate marketing, or memberships. Of course, you still have to work on your channel, but once you create it, you can scale it down.
Short (or long) term rental of real estate.
Renting extra storage space, a spare room, or an entire living unit is a great way to earn extra income Build long-term wealth.
Short-term rentals – such as Airbnb and VRBO – You can earn more income Of long term rentals. But they also have a high turnover of guests and need constant hands-on time (i.e. work!).
Long-term rentals, on the other hand, require less ongoing work but still take time – some more than others.
Additionally, storage is often easier to manage than a direct rental. So, if you have extra space in your garage, basement or attic, you can rent it as storage.
To create a source negative Income from any rental property, you are more likely to rent it out Property manager To take care of daily operations. You can also hire a cleaner and other home maintenance professionals.
The most hands-off approach to Real estate investment It is done through REITs or crowdfunding.
Real estate investment trusts are Real estate investment funds Which is publicly traded. Crowdfunding is a private investment where you pool your money with other investors (and is considered riskier).
Further reading:
Rent your car or RV
If you have a high-end car or RV that you don't use often, renting it can generate semi-passive income. You can rent your car, camper trailer, or RV through online platforms designed for this purpose!
To rent your car for extra money, use car-sharing platforms like Turo, Hyrecar, or Getaround. Each has its own benefits and eligibility requirements.
And if you have an RV or RV sitting idle, renting it out is relatively passive income. Two popular RV rental platforms are RVShare and Outdoorsy, which have features like insurance, reviews, and more.
Closing thoughts
Passive income ideas, like the ones mentioned here, are perfect for stay-at-home moms. However, there is no silver bullet when it comes to passive income.
Most income generating ideas require upfront work, and some require a lot more than others.
But it gives parents the flexibility they need to earn money — without trading their time for a paycheck.
Related article: 20 Best Business Ideas for Stay at Home Moms
An article he wrote Amanda
Amanda is a member of the Women Who Money team and is the founder and blogger behind it Why do we have money?. She enjoys writing about happiness, values, money, and real estate.
