Money-Making Strategies for Women Affected By the Recession
Guest column by Sarah Bull of EconomyMom.com
The current recession has contributed to financial insecurity for many people, and women in particular have felt the impact of this economic downturn. Young professional women who were making strides in their careers have found themselves out of work, while stay-at-home mothers are trying to revise their household budgets and pay for their children’s needs with limited funds. Thankfully, women have plenty of opportunities to make money during this recession. Here are a few ways women can bring in income from home if they are out of work.
While there are plenty of opportunities to make money online, you might prefer working offline instead. Maybe you’d like a change of pace from your former office work, or maybe you find it easier to watch your children when you’re not on your laptop. If this is the case, you may want to look into at-home jobs like babysitting, pet sitting, tutoring, or even being a seamstress. Think about where your talents lie and how you can use those skills to work out of your home without turning to remote jobs.
Remote Productivity Tips
If you do want secure online work, it’s important to come up with a plan for maintaining your productivity throughout the workday. Perhaps you’re used to having coworkers around to help you stay on track, or maybe you’re concerned about your children breaking your focus. You may need to establish your own workspace and a schedule that allows you to concentrate on a single task at a time. Multitasking is tempting, but it can shorten your attention span, increase your stress levels, and even impede creative thinking.
Opening an Ecommerce Business
Have you always had an entrepreneurial streak? Whether you hesitated to go into business for yourself because you were already employed by another company or because you assumed it would be too difficult as a stay-at-home parent, now might be the time to give it a go. This is your chance to start an e-commerce business and earn income from online sales.
In order to get your first customers, you’ll need to come up with an effective marketing strategy and design a user-friendly website. Thinking about marketing early on can help you connect with long-term customers! You may want to work with a branding expert like Amanda Lucey to get the word out about your business.
Offering Freelance Services
Freelancing can be a fantastic way to make money, for both stay-at-home mothers and young professionals who intend on going back to full-time employment eventually. As a freelancer, you’ll enjoy a high degree of freedom and flexibility, allowing you to job hunt or care for your children without sacrificing a high quality of work. In addition to applying for openings listed on freelance job boards, Momenteo recommends utilizing content marketing and search engine optimization to help more potential clients find your portfolio.
Part-Time Remote Job
Perhaps the idea of hunting for clients doesn’t appeal to you, and you’d prefer to work for a single employer on a part-time basis. You may want to seek out part-time remote jobs, which will leave you with plenty of time for childcare or other professional projects. To polish up your resume, Business News Daily suggests using clear action words to describe what you’ve accomplished in your previous jobs and incorporating references to your soft skills into job descriptions.
Losing income during a recession can be demoralizing. Many people assume that if they have lost their jobs, they will not be able to become financially stable again until the recession is over. But if you’re willing to think outside the box and pursue opportunities that you may not have considered before, you’ll often find that this isn’t necessarily true. By researching remote and offline possibilities, you’ll be able to generate income during this recession.