Starting a new business is a huge undertaking, more so if you are a woman. In between your chores and kids, imagining a world where you are an entrepreneur may seem like a distant dream! But what if we told you that there is a great opportunity for you to become financially independent without ever leaving your house?
Starting a business requires a lot of investment, both in terms of time and energy. Luckily, we live in a world today where the rules of business have witnessed a paradigm shift. The 9-5 routine is the new rut and it is possible to make a handsome career from the comforts of your home!
Having said that, let us look at some startup ideas for women who want to start a venture of their own but feel restrained due to household responsibilities.
Sell your skill
With the right skill, the right attitude, and marketing tools, it is possible to sell anything online today! Lucrative websites like eBay give you a platform to sell your products without investing anything! Alternatively, you can also start a website that sells your crafts.
Any business is a slow and painstaking process. But with focus and determination, it is only a matter of time when it starts earning handsome profits. Take Lillian Vernon for example, the self-made millionaire who has a successful business to her name that she started while she was pregnant. Her need for extra income instigated Vernon to build a fortune from a personalized gifts catalog and that too from her kitchen table!
"It was a risk. I had my husband and I was pregnant with my oldest son. But I don't look at risk the way other people do. When you're an entrepreneur, you have to go in feeling like you're going to be successful." - Lillian Vernon (founder, Lillian Vernon Corporation)
Acquire a new marketable skill
According to a Pew Research Poll conducted in 2007, sharing household responsibilities is amongst the top three contributors to a successful marriage. However, women often make the cardinal mistake of taking full control of their homes, thereby absolving the man of all duties. But if you are someone who aspires to start a business, you need to learn to delegate these responsibilities equally amongst all family members and find time to acquire new marketable expertise.
Check out your local community college for certificate courses in a foreign language or other such skills that will empower you to start your own business. For instance, by learning a foreign language, you can consider becoming a freelance translator that pays exceptionally well for the services.
Many at-home moms are looking into blogging as a business. If there is something you are passionate about and know that it can help a million others, then blogging can bring in some serious income. You can become a freelance blogger where you get paid to blog or use affiliate marketing which is an incredible way for bloggers to earn money from their blog. From eBook author to product reviewer, the world of the internet has plenty of options for the writer in you.
When Emily Newman started her wedding blog, Once Wed, she wasn’t even married. But today she has more than 6 million visitors every year and sells a course to thousands of wedding planners for a solid $700! Newman is married today but her blog and the legacy she created continues to be a massive success.
Become a photographer
Yes, this is real! We live in a visual world where everyone is a photographer but very few of them are skilled. If you have the ability and zest for it, then you can start a business in photography. Choose your niche, be it weddings, fashion, food, product, etc. and start reaching out to companies who would be willing to hire you for your talent.
Laura Thomas, for instance, who had a full-time job which she quit to pursue her passion for wedding photography. Laura soon found that people love her presets. One thing led to another and today she sells her unique presets to a community of 30,000 photographers!
These are just some of the many suggestions that for all the enterprising women out there who want to gain financial independence, at the same time maintain their work-life balance!