These endeavors aren’t without traps and challenges, though, so before we take a look at some legitimate ways to make money from your home, let’s review a few things that you should avoid. Unfortunately, if you want to earn an honest living from home, you’re also a common target of scammers, especially in these economically tough times. But if you keep these simple rules in mind, you won’t become a victim of one of the many work from home scams.
Advertising. You’ll need to get the word out about your sewing business, and one of the best places to start is with your friends and neighbors. Make sure they are all aware of your services and are willing to pass around your business cards. In addition, you should put up fliers in local fabric stores and get to know the employees so that if someone asks, they’ll be able to refer you. Any business needs a website, and yours will be no exception; you can put up a simple one that outlines what you do, and tells the reader what kinds of prices to expect. Finally, by joining organizations like the American Sewing Guild, you’ll be able to stay in touch with others who are doing the same thing as you.
Before you really roll up your sleeves and monetize your personal or professional skills, why not right-size your life? Selling your unwanted stuff is a great way to downsize and declutter your life while earning some income on the side. If you’re transitioning to full-time work-at-home status, that income could provide a critical boost to your plans for a proper home office, or allow you to maintain your lifestyle during lean times without resorting to voluntary simplicity.
Storage. Depending on how big your business gets, you’ll need ample room to store the books. You can’t get lazy or disorganized about it, either. You have to keep the books in good condition, and you need to be able to find them when someone wants them. For instance, if you list a book in “like new” condition, and then the pages get smashed during storage, you’ll be in a bind if someone places an order before you realize what happened.
And these days, it has become much easier to make money by renting out a spare room in your house -- or even renting out your car. If you want to rent a room, AirBnB is probably the first place you'll want to start. And Getaround is a great site for renting your car, although it's only available in certain cities right now. Of course, there is always some risk with letting a stranger stay in your house (or use your car) but if you are looking to build your income from home, this is one of the quickest ways.
The process also involves relatively little monetary investment (domain and hosting), which is great for getting started. At the same time, you don’t have to be the best programmer in the world to make money this way. After all, you’re using the website itself to get people to see programming information and tips. When people find your site valuable to them, you will eventually get some work orders and request for online training courses.
Work Space. When acting as a consultant, the probability is high that clients will be visiting your home office. Therefore, you need to have a neat, professional home office that is welcoming to guests. Try to locate your work space in a quiet, even secluded, area of the house. A converted garage space with its own entrance works well, giving you a private space for work and adding to your credibility.
I was actually interested in coding back in my high school days, mostly because I was in a data processing class where they taught binary, cobal, ect. I have since forgotten all of those teachings, lol, but the science has taken on a new life of it’s own. There are people making millions of dollars and never even have to punch a clock. It’s definitely a good industry to get into, and it can really be a good income source if you run your own site offering courses.
Research Pricing (And Set Fair Starting Prices): Before setting prices for each item, research your local Craigslist website and (if possible) nearby yard sales to get a sense of how to price them. Remember that many buyers will try to haggle – so set prices a bit higher than your bottom dollar, but not so high that you’ll scare off first bids. 10% to 15% is a good rule of thumb. Consider bunching low-value items, such as old CDs, into lots of five or 10, or offer x-for-$y deals.
Your Price. When establishing a price for your classes, start by calling around and finding out what other choices your clients have. If you plan to offer cooking classes, call some commercial establishments and other in-home teachers. Compare your own talent and experience to what they’re offering, and set a price accordingly. You should always come in a little lower than classes offered by commercial establishments as that will be one of your selling points: expert information for less money.
Don’t subcontract. You should work with other freelancers and don’t subcontract your work out. The reason being you will need to spend as much time explaining the project and review someone’s work. You will not earn much by subcontracting your work out to the others. If you receive a lot of work, you can try to refer it to other freelancers who will return the favor in the near future.
For sure! I think that’s something Jeff and I have learned rather quickly is to definitely not put all your eggs in one basket. We had 1-2 affiliates that we promoted for the longest time that were by and large our main sources of income. We realized that if we lost even 1 of those affiliates we would be in for a huge world of hurt when it came to our monthly intake.