Passive Income Ideas for Moms
Many moms are super busy. Juggling playdates, homework, school duties, taking care of fevers and sprain ankles – it’s a lot of work. So, finding time to earn some extra cash might seem like an impossible task. But guess what? It’s not.
Passive income is the name of your golden ticket to making money while you sleep, and it’s easier than you might think. Let’s take a look at some exciting ways you can start earning passive income as a mom without sacrificing precious family time.
Blogging Your Passion
Do you have a hobby or passion you love talking about? It could be anything: cooking, gardening, tinkering, working on a car, crafting, fitness, or just good old parenting tips. A blog can be a fantastic way to share your interests with the world. Once your blog gains traction, you can earn through ads, sponsored posts, donations (think Patreon), and affiliate marketing.
Starting a blog is easier than ever with WordPress, Wix, Squarespace, and even Tumblr. Find a niche that brings out your passion, and that has a potential audience. Next, write some fun content that your readers will get some value from. Little by little, opportunities for monetization will arise. Companies might approach you for sponsored posts, or you might sign up for affiliate programs to earn commissions by recommending products you love.
You just need consistency. Update your blog with fresh content, engage with readers, promote your posts on social media, and just keep it up. It might take a while to see significant income, but with patience and persistence, passive income might be just around the corner.
YouTube Channel
If you’re not camera-shy, why not start a YouTube channel? DIY projects, hilarious family moments, and so much more – YouTube’s possibilities are almost endless. Once you build an audience, ad revenue can start rolling in. Who wouldn’t want to get paid for having fun and sharing it with others?
Decide on the type of content you want to create. It could be anything from daily vlogs, cooking tutorials, crafting projects, or fitness routines. The important thing is to choose something you enjoy and can consistently produce without burning yourself out.
A good quality camera and microphone will make your videos more professional-looking. However, you don’t need to break the bank; many successful YouTubers started with just their webcams. Then, over time, you can gradually upgrade your equipment.
Once you start uploading videos, keep in touch with your audience. Respond to comments, ask for feedback, and create content that your viewers want to see. YouTube’s algorithm likes channels that upload regularly and have high viewer engagement.
Monetization on YouTube can come from various sources, including ad revenue, sponsored content, Patreon, and merchandise sales. It’s not an easy start, but it’s a fun one, and can grow nicely over time.
Sell Digital Products
Are you a whiz at graphic design, writing, or creating printables? Sell digital products on platforms like Etsy or your own website. Create e-books, planners, or unique artwork that others can download and enjoy. Each sale might be small, but it will add up without too much effort from you.
Digital products are fantastic. Granted, they may demand more effort at first, but the extra work could well pay off. Think about what you can create that others might find valuable. Are you great at organizing? Design a set of printable planners or to-do lists. If you love writing, write an e-book on something you’re passionate about.
Etsy, Gumroad, and Shopify make it easy to set up an online store. Meanwhile, Amazon Kindle makes it relatively straightforward to self-publish. You don’t have to worry about inventory or shipping with digital products, which is also pretty nifty.
Promote your digital products through social media, a blog, or by collaborating with influencers. Over time, as more people discover your products, your sales will grow.
Invest in Real Estate
Rental properties and investing might sound like a bit too much stress for a mom, but it can be a lucrative way to earn passive income. With a good property management team, you can enjoy the benefits of rental income without the headaches of being a landlord.
If the idea of buying and managing rental properties seems daunting, start small. Look for properties in locations with good rental demand. Once you purchase a property, hire a reputable property management company to handle the day-to-day tasks, like finding tenants, collecting rent, and dealing with maintenance.
Another thing you can do is invest in Real Estate Investment Trusts (REITs). REITs are companies that own, operate, or finance income-generating real estate. They’re traded on major stock exchanges and pay dividends. All of which means passive income, but without the extra effort of managing a property.
Create an Online Course
Are you an expert in a certain field, like homeschooling tips, knitting, woodworking, pottery, budgeting, or anything else? Share your knowledge and earn money with an online course. BlurBay, for example, makes it easy to create and sell courses. Once it’s up, you earn money every time someone enrolls.
Think of a topic that you know enough about and that others want to learn. Plan your course content, break it down into manageable modules, and record your lessons. You can use video, audio, text, or a combination of them all.
Promote your course through your blog, social media, or email list. The more people you reach, the more enrollments you’ll get. Once the course is up, it will sell over and over again.
Affiliate Marketing
Affiliate marketing means promoting products or services and earning a commission for every sale through your referral link. If you have a blog, website, a YouTube channel, or strong social media presence, you can absolutely earn this way. Promote products you trust and share them with your audience.
Of course, your audience should care about the product. For example, if you run a parenting blog, promote baby products, parenting books, or educational toys. Write honest reviews, create how-to guides, or share personal stories about the product.
Sign up for affiliate programs through companies like Amazon, ShareASale, or Commission Junction. Once you have your affiliate links, make them a natural part of your content and over time, your affiliate income will increase.
Write a Book
Have a story to tell or expertise to share? Writing an e-book or self-publishing a book on Amazon Kindle or similar sites can be another great passive income ideas for moms. Your book can continue to sell without much additional effort and you get to see your name in print – pretty exciting.
Now, it’s no secret that writing a book takes time and effort. To make it more manageable, outline your book, then write a little each day. Don’t worry about making it perfect on the first draft. You can always revise and edit later (or hire an editor). Once you finish it, design a cover or contract an artist, and then format your manuscript for publication.
Self-publishing platforms like Amazon Kindle Direct Publishing (KDP) make it easy to publish your book. However, reaching an audience is down to you. Promote your book through your blog, social media, or email list to boost sales. With each sale, you’ll earn royalties.
Rent Out Your Stuff
Do you have baby gear, a camera, or a car that you don’t use all the time? BabyQuip, Turo, and Fat Llama let you rent out your items to others. This way, your unused stuff can start making you money instead of gathering dust.
For example, if you have baby gear that your kids have outgrown, rent it out to traveling families through BabyQuip. If you have a car that you don’t use daily, list it on Turo and rent it out to earn money.
Note that the items need to be in good condition and in demand. Take clear photos, write detailed descriptions, and set competitive prices.
Dividend Stocks
Dividend-paying stocks are a classic way to earn passive income. You buy shares of companies that pay dividends, and in return, you get payments without having to sell stocks.
Dividend stocks are shares of companies that distribute a portion of their earnings to shareholders. Look for companies with a history of paying and increasing dividends. They’re more likely to continue doing so.
You can invest in individual dividend stocks or through mutual funds and exchange-traded funds (ETFs). You can also reinvest in dividends and earn even more (that’s the power of compounding).
Create a Membership Site
Create a membership site if you want to earn by being the “cool kid on the block.” People are willing to pay for premium content like exclusive tips or deeper insights into something you already share. It makes them feel like a part of something bigger, and makes you extra cash.
Your content will be accessible only to paying members, but you can control exactly what that content will be: special blog posts, videos, tutorials, webinars, or downloadable resources. But the value should justify a membership fee.
Build a free audience through your blog, YouTube channel, Tumblr account, or social media. Once you have a loyal following, introduce your membership site with exclusive content that your audience can’t get anywhere else.
Get Your Money
Ten awesome passive income ideas for stay-at-home moms that can boost your family’s finances without taking away from your precious time with the kids. Start small and stay consistent. Choose one or two ideas that resonate with you and give them a try. And don’t forget to check out more amazing tips on BlurBay.
