Online Businesses are The Way Forward for Single Mothers
Flexibility and extra income, online businesses can help single mothers to build financial freedom.
Being a single mother is tough, working, taking care of children and paying all the bills single-handedly, is difficult yet rewarding however, often single mothers have to enlist the help of nannies or childcare facilities to work a nine to five job, which might not always be the best option for the kids.
I experienced the single mother life for a few years and it was challenging to say the least. I believe that running my online business made single motherhood far easier than if I had to go to a nine to five job every day.
If you have a full-time job with a stable income, I definitely do not recommend quitting your job to work on your online hustle. However, you could start an online business as a side hustle to supplement your regular income. An online business might be exactly what you need to begin your journey towards financial freedom.
As I write this, I have one main business and three side hustles that boost my income by $4000 to $5000 every single month.
Here are some online side hustles that could help you to increase your income.
Flipping Thrift Store Goods
This hustle requires some extra time on the weekends, a laptop, a good phone camera and a decent Internet connection. Once you have these tools in place you can purchase vintage clothing, board games, rare items, sneakers and other goods from thrift stores and flip them for a profit on eBay or Facebook marketplace.
You can do the same thing with sale items by purchasing items that have been heavily discounted and selling them on eBay or other online platforms.
Sell Your Own Products
Selling your own products is a good idea if you have some experience in selling products online. For example, if you started off flipping thrift store items, you could add a new facet to your business by adding printed t-shirts, notebooks, sweaters or custom mugs to your website or eBay store.
I spoke about drop servicing in a recent article, if you don’t know what drop servicing is, it’s really simple. You find jobs online such as graphic design, web design or content creation, you bid for the work and buy the services. Then you sell the services to an individual or company that needs the services. You increase the price, pocket the difference and pay the service provider.
Join an Existing Business
This is a good option for single moms who have zero experience of running an online business. When you join an existing business, instead of figuring everything out on your own, you join a team of likeminded, knowledgable online entrepreneurs. You would normally get help and advice from people who have already cracked the code. This is one of the side hustles that I do and it has helped me to build a decent side income without having to decipher all the information on my own.
Why are online businesses good for single mothers?
-Extra money with low investment
-Work on your business in your spare time
-You can work your schedule around your children
-If you acquire the right knowledge and skills, you can scale quite quickly
-Build financial freedom
-Create a financial cushion for emergencies
Running an online business is beneficial in many ways, not just for single mothers however, I wanted to highlight how beneficial an online business can be for single mothers and for mothers in general. You never know, your side hustle could turn into your main hustle if you put in the time and effort to allow it to bloom and grow.