Are you looking at all ways to make money from home and getting confused? Or, are you looking for a job or a business but don't know which is best for you?
At last, here's an overview of different ways to earn income from home, different types of income that are possible, and a plan to put it all together so you make money today and more in future!
Let's get started with…
Ways to create income from home -----------------
There are lots of ways to make money from home. This list is an overview of options; once you select a particular option you can come up with many specifics for any one of them as far as specific product, company you work with, and other specifics.
* Take a job with someone else
This is what most people think of when they talk about making money from home. It is tough to find a home-based position, since demand exceeds supply. Your best bet would be to negotiate a position with a former employer or someone else who knows you. If that's not an option, read our article on "Finding a Telecommuting Job".
* Sell your services
Instead of taking a position with an employer, you can sell your services to multiple employers as a consultant. The potential downside here is amount of marketing required to keep a steady stream of income coming in - although if you can align yourself with ongoing company needs, such as accounting, administration or legal work that may reduce it. The good news is that an independent consultant can charge a lot more than an employee, which means you may be able to work less and generate same income.
* Resell products
You could purchase products which you then sell to others for more - either because you bought a large quantity and they want a smaller one, because you improved or repackaged product in some way, or simply because you found an excellent deal and are saving them time!
You could sell items for others on consignment. This can be an excellent one for mothers at home with children, because you can sell items on eBay or other auction web sites and can get started with only a camera. For an example of a consignment service, see http://www.income-building-blocks.com/ebaycs.html
You can join a party sales or network marketing program and market those products. The advantage is that you won't need to locate suppliers, develop marketing materials, and probably can even utilize a company web site for your online sales. Look for an excellent training program and tools when selecting a program.
You can start up an affiliate web site, where you link visitors to vendors offering products of interest to them. For more information on what it takes to develop an affiliate web site, see our article on More Money from Affiliate Programs at http://www.income-building-blocks.com/affiliat.html, or sign up for free Affiliate Masters email course by sending a blank email to mailto:firstname.lastname@example.org
You could take a position as an outside sales rep for a corporation or manufacturer. This could be done from home if you find a product which is appropriate for telephone sales.
* Create and sell items
Why not create your own items and sell them? This allows you to make money from a hobby, which is a great way to work! Start with something you enjoy doing, and look for ways to leverage it into something you can sell. Here are a few examples: oRefinish furniture or repair items oCreate handmade items or crafts kits oWrite and market a book or e-book
It is possible to make money from investments, in particular, from real estate. The most common way to do this would be to purchase a property in need of work for a low price, fix it up, and then either rent it or sell it. Making money from real estate or other investments takes more knowledge up front than many other areas; please make sure you do your homework before putting your money on line. However there are many wealthy people in world who became that way through investments, and most of their income is passive, meaning checks come in whether they show up to work or not!
Types of income: ------------
There are different types of income you can earn from your positions. If you want to have more time with your family in future, focus on passive income streams. However, these often have a longer ramp-up time, so if you need money now you will also need some other income types to pay bills in meantime. Here are types of income: