You don’t have to be an entrepreneur or tech genius to own your own business and make money at home. Home businesses are perfect for women, since they often involve service industries such as cleaning, organizing, dog walking, etc., which are traditionally women’s work in the U.S.
These types of businesses are popular with stay-at-home moms and retirees who have time on their hands, but not necessarily experience with running a business by themselves. Here are the top 10 lucrative home businesses for women 2022.
1. Direct Sales
Direct Sales is a great business opportunity for stay-at-home moms, retirees and anyone with a few hours to spare. It is a great way of making extra money without quitting your day job. Many Direct Sales companies offer flexible hours, so it can be done from home. This is also an excellent option for someone who wants to start their own company but cannot leave their current job.
There are many ways that you can get involved in Direct Sales, from becoming a sales representative for the company (and earning commission on the products that you sell), or by hosting parties at your house where you provide food and drinks in exchange for the chance to earn commission.
Once you’ve gotten started as a sales representative or hostess, there are other opportunities like becoming product specialist or trainer which will increase your earnings potentials even more.
2. Network Marketing
Network Marketing is a great way for stay-at-home moms, retirees, and anyone else with some free time and a desire to earn extra money to do so. You can work as much or as little as you want. There are many companies that have excellent products and have strong potential of making it big in the world market.
Some of these companies are Young Living Essential Oils, Xyngular, Herbalife, Tupperware, Pampered Chef. What’s great about network marketing is that you’ll be working closely with like-minded people who want to share their knowledge and experience.
The only downside is when there’s not enough new recruits; then your income may take a hit until more prospects come in. That said, if you’re looking for a company where this will never happen and you get to be an owner in the company, than I recommend Amway.
They have been around since 1959 and have experienced tremendous growth throughout the years thanks to its effective business model. Their compensation plan is fair and they even offer bonuses.
3. Social Media Consulting
Social Media Consulting is a great business opportunity for women who are looking to work from home and want the flexibility of setting their own hours. Nowadays, social Media Consultants help companies grow their customer base by building and managing a company’s social media presence on popular networks like Facebook, Twitter, Instagram, Pinterest and LinkedIn.
Social Media Consultants can charge anywhere from $25-$500+ per hour depending on the scope of work needed. If you’re just starting out as a consultant, it would be smart to get trained in how to do the following tasks: content creation; writing engaging posts; handling customer inquiries; responding to negative comments; understanding analytics data such as page views and follower growth.
A few online courses that teach these skills include Hootsuite Academy (starting at $99/month) and The Social Media School ($9.99). Once you’ve learned all the basics, use your newfound knowledge to pitch clients on what type of services they need.
For instance, if they’re looking to start an account from scratch but don’t know where to start, offer them a consultation package which includes training and advice for $150/hour or less.
If you’re already running an established business with existing customers but want more exposure through social media, try selling sponsored posts or ads that promote your products or services in order to reach new customers.
4. Virtual Assistant
Virtual Assistants are on the rise, and this is a terrific opportunity for stay-at-home moms or retirees. This type of work suits people who like being at home and who don’t mind working on their own schedule. The hours can be flexible as long as you’re available during your employer’s time zone.
Many virtual assistants specialize in administrative tasks such as bookkeeping, data entry, social media marketing, email correspondence and customer service. In addition to these skills, there are also many businesses looking for virtual assistants with technical skills including graphic design, web design and software development.
If you have experience or knowledge in these areas, there will be plenty of jobs waiting for you! The average hourly rate for a virtual assistant ranges from $12-$15 an hour but it’s not uncommon to see rates higher than $25 an hour depending on the scope of the project.
5. Home Daycare
Home Daycare is a great way for stay at home moms to make money. This can also be a great opportunity for retirees that are looking for something else to keep themselves busy and active. A daycare business doesn’t require a lot of initial investment, and the childcare industry has been growing by 3% per year over the last five years.
You don’t need to worry about dealing with children’s paperwork or safety regulations, because you’re already licensed as an educator in your area. You just need to find some kids who want you to take care of them while their parents work.