The Mom Economy: Business Ideas for Parents

Becoming a parent can turn your world upside down. For many moms, the idea of going back to work is no longer something they want to do. Maybe the cost of childcare is prohibitive, or maybe you just want to spend more time with your child. Whatever the reason, the fact remains that most of us still need to make a living.

Many women find that starting a home-based business is the ideal solution. You can work flexibly around the needs of your children. Instead of working nine to five, you can work five to nine if you want!

But what to do? Start with what you know and see if it can be turned into a profitable venture. It could be taking transferable skills from work and putting them into a freelancing context, or showing passion and producing a product or service for others who share that interest. For many moms, that passion is their children, and luckily, your passion can help you become enthusiastic and tap into other parents’ huge maternal economy.

Here are some business ideas that might work for you.

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1. Child development classes

Wherever you live in the country, you will be able to attend local child development classes. These include baby massage, baby yoga, music and singing, soft games, parenting, and more. To support these opportunities, there are training courses and franchise opportunities that can give you everything you need to get started. Just make sure you do some market research to make sure there is sufficient potential demand before investing in any kit beforehand.

2. Gifts and crafts

New kids are big business. From the baby shower to the moment of the world’s welcome, the demand for original gift ideas for new arrival has never been higher. If you’re crafty, there may be something you could do differently or better to help meet that demand. Ideas abound, from personalized cards to baby blankets, mobile phones, children’s drawings, care baskets and more. With craft platforms like Etsy, it’s very easy to test different ideas in the marketplace.

3. Freelance

If you have developed useful transferable skills at work, you can offer them on a freelance basis. You can use your skill set to complete concerts for different clients without time limits and a fixed rate of work for the company. Freelancing ensures that you are in control of every aspect of the job, from when you start to what requests you accept for the job. The main type of flexible home work available to freelancers includes virtual assistants, content writing, graphic design, website design, and social media management. These are all areas where you can get up to speed with online courses if needed.

4. Data entry

Data entry is a great home based business opportunity. You can do this work not only on your personal computer, but also without making any effort to think or resolve conflicts. You simply hold your device in front of you and type. Depending on how much data you need to digitize, you can finish all your work within an hour and have more time for your loved ones.

5. Personal assistant

Before the age of the Internet, being a personal assistant meant walking into the office and being physically present during meetings to ensure you could handle the workload.

However, it is currently possible to be a personal assistant remotely, as there are various programs and applications that you can use to keep in constant contact with your boss, synchronize calendars to keep them up to date, and easily take notes while listening to recordings of meetings or attending meetings using videoconferencing software. A PA business will make you tons of money in no time because everyone knows that a businessman is nothing without a PA to make life easier.

6. Remote transfer

If you are fluent in multiple languages, you might want to start a translation business. Although machine translation has advanced and most people just look up different words in translation apps if they get stuck on a word, real translators are needed to translate documents correctly and of course, to interpret simultaneously during conferences. More and more companies have chosen to outsource work to remote translators rather than hiring an in-house translator as it is more cost effective.

These are just some of the best business opportunities that can work for moms who want to work with their kids. You don’t have to choose whether to focus on work or childcare. With the right business idea, you can live by combining the best of both.