Side hustles for single moms - Boss Of My Money

Side hustles for single moms

Categorised as Business, Financial Wellness, Money Management
boss of my money single mom with baby

Are you a single mom looking for work from home jobs or side hustles to increase earnings and wealth over time? The great thing is there are high paying side hustles for single moms or working moms to do part-time work, online jobs, or a full-time business. In this post, I will share the 26 best side hustle ideas you can start with for residual income right now. So, read on.

Most single parents find that their existing salary from their full-time job is already stretched too thin. One of the ways to build wealth over time is by generating a little extra income through side hustles.

What is a side hustle?

Side Hustles can be described as anything you sell. Be it a service or product that brings you an income. Side hustles can be a great source of cash flow for single parents. Particularly during periods of economic hardship, job loss, or crisis, such as the COVID-19 pandemic’s-imposed lockdown.
Millionaires are not wealthy through just one source of income. It is because they have at least an average of seven streams of income that generate money simultaneously.

There is a huge earning potential when it comes to side hustles for single moms. You can start with an easy side hustle or skill-based side hustle.

It is not always easy to start a side hustle that will generate extra income daily, weekly, or monthly. With time, effort, and a little investment, you can start earning consistently with less work.

1. Podcasting

Podcasting has become a passive income niche of producing digital recordings of broadcasts available for listening. Similar to having a radio talk show. Apple has over 500 thousand active podcasts and Spotify over 700 thousand.

Finding a niche and creating popular podcasts can attract large advertising firms and sponsors, resulting in passive revenue.

You may also use your podcast to sell products or services by directing listeners to your website.
One good advantage is that starting a podcast is easy. All you need to begin podcasting is a laptop, microphone, and free recording and editing software.

The challenge of having a successful podcast comes with finding the right audience and really niching down your market.

It will help if you have a good marketing strategy to deliver your podcast to the right audience. To create and launch your podcast from scratch we recommend the A-Z Podcast launch +Bonuses. If you are not sure if dipping your toe into podcasting is for you, join this Free Podcasting Masterclass to help you decide.

2. Investing in the Stock Market

Another great side hustle income comes in the form of dividends when you invest in the stock market shares. You earn a percentage of a company’s profits paid out over time.

The higher the shares you purchase, the higher the dividends that you will be paid.

When the cost of purchasing index funds and stock market shares is low due to the market downturn, it is a great opportunity for those who can afford it.

One of the challenges is that the payment of dividends by a company is not fixed. Most often, they can change the pay-out amount at any time if their profit returns are very low.

Always be mindful of the risks. Investing in the stock market is unpredictable and needs to be a long-term game plan. The market is averaged to give 8% in return over a period of 10-15 years on your investment. So never invest money you need before a 10–15-year timeline.

Despite the risks involved, you can still make good passive income from the stock market. An excellent place to start with investing in the stock market is opening a Stocks and Shares ISA to benefit from tax relief.

3. Online Courses

Online courses can become a form of passive income as a side hustles for single moms. Done well this could serve you extremely well for many months and years to come.
Create an online course on a topic you know a lot about, and people will pay to learn your secrets. If you create online courses or membership, the good news is you do the hard work once, and then reap the benefits continually.

Check out Kajabi for everything you need to create an online course, membership, coaching programme, sales page and email marketing. If you are looking for a free tool to create your online course up and running Thinkific have a free version that will get you started.

4. Editing and Proof Reading

With so many services moving online and businesses focusing on online content, editing and proofreading can be a profitable side hustle to consider. Especially, if you have excellent writing and creative skills and don’t mind freelancing.

Editors and proofreaders work on books, eBooks, magazines, blog posts, email marketing and the list goes on. I have used a few of these services myself and have not been disappointed.

If you’d like to get started with this you could join Fiver or reach out to small business owners and charge a low price to build your reputation and outstanding reviews.

This type of side hustle is an easy side hustle for single moms. All you need is to sign up to a platform, produce excellent work on time and build your clientele.

5. Online Teaching/Tutoring

The online tutoring industry is growing and one of the best side hustles for single moms to make extra money! With only needing a computer, good broadband, your expertise and a student who wants to learn what you are teaching, no wonder why this industry is on the rise.
Making money as a virtual instructor is easy with platforms like Spires, Tutorful, and Mytutor. You could even put up an online membership and advertise it to parents looking for additional tutoring.

6. Virtual Assistant Service

Virtual assistant service is one of the most attractive side hustles for single moms with young children to work at the comfort of their home or office. Working as a virtual assistant, helping individuals and businesses to do various tasks. Such as, managing contact lists and spreadsheets, replying to emails, scheduling meetings, making travel arrangements, and general admin tasks.
Working as a virtual assistant does not really require complex or specialised skills and can be done by anyone with basic computer skills, organisational management, and excellent communication. You can also learn using YouTube how to use specific tools you may not be familiar with.
If this sounds like something you will love to do, you can even set up your own established virtual assistant company.

7. Blogging

Still, in 2021, people are making money from blogging. You would think that there are too many blogs already, but in actual fact, the world is hungry for more and relevant content.
Blogging is all about content creation. If you are able to narrow down your niche, write content that people want to read, share and take action on, you can make extra money being a blogger.
Bloggers make good money from ads, affiliate programmes, selling products and services, speaking events and sponsorship.

Building a blog is hard work and you must be in it for the long run. You can earn passive income from your blog if you commit, create great content consistently, and establish yourself as an authority in your industry.

As a working mom with young kids, looking for a little extra cash, writing content people are searching for can create their own blog website within minutes.

You need to get a domain, establish a website, learn about SEO, link your social networking platforms, grow an email list, and write quality content to start a blog. Check out our recommended course for setting up a blog business with Create and Go Courses.

8. Real Estate/Property Wholesaling

Firstly, this is different from other side hustles for single moms because you do not have to put your money at risk. Your job is mainly connecting motivated sellers with real estate investors.
Secondly, what you earn as profit is the difference between your negotiated price and the final sales price.
Thirdly, to be successful as a real estate agent, you must ensure to negotiate the price of any property you are interested in at a low-price range comfortable to you.

One main disadvantage of real estate wholesaling is not getting a buyer within the contract time. It takes a lot of attempts to convince your potential buyers to seal a contract, but once you do, you can go on to build a good reputation and client list.

9. Dropshipping

Dropshipping is another low hanging basket idea for side hustles for single moms. With ease, a busy mom can create a website, and you sell products that you have not paid for until someone buys them.
You can get the products from eBay and Amazon. Create ads to sell the products, making sure the supplier ships them and is of good quality. You usually get the products for cheap and sell high.
For example, you paid £5, including shipping cost, and then sold for £20-25.

This has a very good profit margin once you are selling hundreds or thousands of the items. It is a very lucrative business and can be passive income to earning a 6-7 figure range.

10. Kindle Publishing

Amazon has created the largest commercial retail platform in the world. It is big enough to accommodate everyone interested in selling.

There is a thriving market for eBooks on Amazon; you can get involved with this market.

If you are good at writing, you can put up outstanding books that will continue selling for many years to come. This is a guaranteed source of steady income for you.

11. Affiliate Marketing

Affiliate marketing is a way to earn money by promoting other companies or “affiliates.” You get paid when someone uses your affiliate link to buy something or sign up for anything.

You can send emails containing your affiliate links to potential clients or start a blog to publish your ads and use free tools on social media platforms to build your affiliate business.

Affiliate marketing has a high-income potential, involving almost zero/minimal investment. You only have to promote products that are in demand; you like are of good quality.

However, choosing the right product is challenging to beat the competition in the affiliate marketing world. It would be helpful to carry out in-depth market research before starting affiliate marketing.

12. Driving

Cab companies such as Lyft and Uber allow you to sign up to drive people around.
After the end of your 9-5 job in evenings, nights and weekends, you can do this by yourself to earn some more cash. This is a great way to put your car to work and meet new people. While you will have to work a lot of hours as a driver to earn a full-time income, single moms could drive a few hours a week to earn a little extra money.

13. Lease your vehicle

The rental fee for high-grade cars is more than that of low-grade cars. The person you lease your vehicle to will pay you this sum each day. You can also rent out your car for a year and get a bulk cash amount.
In addition, you can lease your vehicle for a substantial amount every day, depending on the type of car you possess.

14. Selling on eBay or Craigslist

Stay at home moms can sell new, used, or refurbished products on large marketplaces such as eBay or Craigslist is becoming lucrative. These items can include daily household needs, clothing, digital devices and accessories, household gadgets, and so on.

You can have your used products on the product listings and also do it for others while you receive a commission on every sale.

A very important tip is writing catchy product descriptions and uploading multiple high-quality images to boost sales. An advantage of selling on eBay or Craigslist is that you can reach a vast audience, and make sales quickly.

However, some product niches have high competition. So, you must apply marketing strategies to have better deals than your competitors, such as reducing your price, which can be a disadvantage.

15. Social media manager

As the world becomes more digital, many companies will need social media management services as they grow their audience via online channels. There has never been a better time to start a career as a social media manager.

You’ll be assisting small companies or influencers with their online presence as a social media manager. This will include posting a few times a day on social media sites such as Facebook, Twitter and Pinterest. Managing their social media accounts may also include conducting market research, creating funnels, producing postings, and connecting with their fans.

While you don’t need a degree or a lot of experience to work as a social media manager, you will need to understand digital marketing, SEO, and how each social media platform functions. Google Garage, for example, can provide you with free SEO and digital marketing training.

The perks for single moms to become a social media manager are that they can freelance, work their own hours, or start their own social media management company. Many social media management platforms, such as Later and Hootsuite, allow you to schedule posts in advance, saving you time and energy from having to post manually every day.

How much you get paid as a social medial manager will depend on your level of experience.

16. Graphic designer

If you’re good at designing and producing artwork, working as a freelance graphic designer might be a good way to supplement your income.

Both online and brick-and-mortar companies need graphic designers to help them grow brand recognition, visual presence, website designs, online content, marketing and advertisement, and art and illustration.

To become a graphic designer, you’ll need a stable laptop or desktop computer, as well as creative software like Adobe Creative Cloud or Upwork, and client-sourcing sites like Fiverr. Even if you already have the tech covered, you may need to pay monthly subscriptions to use innovative apps and commissions to attract clients on Fiver.

When starting out, beginners should start with the bottom end of the market and work their way up.

17. Rental properties

Making money from rental properties isn’t limited to rent to buys or house flipping. You can make a nice passive rental income if you have a spare room, shared space, or perhaps your full home. Air BnB, RoomMates, OpenRent, and SpareRoom allow you to post advertising and charge a small booking fee.

18. YouTube channel

Google owns YouTube, which is one of the most popular search engine sites. YouTubers make money by making videos about topics that people are looking for.

In return, YouTube helps them to monetize their channel by putting advertisements on their most popular videos. In addition to ads, you can make money on YouTube through affiliate marketing and click advertising.

Though the rules are constantly changing, becoming a YouTuber is relatively easy if you find the right niche and create a YouTube strategy.

You may begin by creating online tutorials videos, tips and tricks, or by sharing your expertise in a field in which you are an expert. You can quickly set up your YouTube channel, and use social media platforms, email marketing to grow your YouTube channel.

If you are starting from scratch there are numerous courses available to assist you in learning how to become a professional YouTuber.

19. Online surveys

Did you know that taking online surveys will earn you money? That’s right, single moms can make money in their spare time by sharing their thoughts using their smartphones or desktop.

The catch is that you must find credible online survey companies, complete surveys that interest you and receive appropriate compensation for your time. Some sites would require you to complete hundreds of surveys before you can earn a reasonable amount of money.

Many sites award points for each survey completed, which can then be exchanged for money or gift cards after a certain number of points have been earned.

20. Pet sitting or dog walking

If you are a responsible person who likes animals, you might earn money for pet sitting or dog walking. Many pet owners are so busy with life and work that they need help caring for their pets. Pet walking and sitting includes feeding, playing, brushing, and general care for the dog in your care.

Depending on the level of pet grooming service you choose to provide, you can incur additional costs. You could gain between £10 and £25 per hour. All you need is yourself and availability to start pet sitting or dog walking. Ask your clients to submit positive reviews on Google and to refer you to other dog owners.

While pet sitting and dog walking may appear simple, animals are physically demanding and require animal care knowledge.

21. Freelance Writer

Writing, also known as copywriting, is in high demand. Hence, working as a freelance writer is a great side hustle for working moms who love writing and have outstanding artistic and communication skills. You may write for small businesses, students, corporations, individuals, web designers, or social media material.

It’s a perfect choice for moms who want to get on with their job without having to deal with other people and who want to work on their own schedule. For example, if you consider yourself a night owl, you can do your writing at night, and so on.

Fiverr and other online marketplaces are good platforms to find new clients. You can charge an hourly rate or a flat rate for each piece of writing you produce. Freelance writers can make money by writing 500-word blogs or social media posts or by writing eBooks and course materials.
You can specialise and write about particular subjects and sectors or be a generalist who writes about anything. In addition to the time, you spend writing you will also have to invest time researching the topics you write about.

22. Data Entry

Depending on the type of data entry this can be a profitable side hustles for single moms. For moms who work from home, data entry is a perfect side gig. It’s one of the most well-known side hustle concepts. Data entry side hustles can be lucrative depending on the level of experience and industry.
Starting this side hustle requires they have decent computer skills, can follow directions correctly, and can perform data input swiftly.

Fiverr and Upwork are fantastic online platforms to get you started and develop your client base.

23. Digital products

Creating and selling digital goods is a perfect side hustle. With successful launches or evergreen products, this is one of the high paying side hustles for single moms. This will provide a decent source of income by putting in the effort once and reselling the commodity over and over. Digital products can be created in a variety of formats, including writing, audio files, and video. PDFs, cheat sheets, guides, checklists, and eBooks are examples of common digital products.

To bring your digital product in front of people, you’ll need to do some digital marketing. Free software such as Canva and Google Sheets can be used to build your digital product. You can sell them on Esty or as a download purchase through PayPal or stripe on your own website. The good news is that once you’ve found out your niche and built a successful funnel, your digital product will take off.

24. Own website domain names

When you own a website domain name, you legally own a piece of real estate. To make money from buying and owning website domain names. This isn’t one of the easiest side hustles for single moms, but money is to be made.

You’ll need to be proactive, conduct keyword analysis, and be patient if you want to make money flipping domain names. To put it another way, a rich buyer would pay thousands of pounds or dollars for a domain name that you own and bought for pennies on the dollar.

Another way to benefit from owning website domains is to purchase soon-to-expire domains from domain platforms. Remember that this side business won’t give much passive money, but it can help you diversify your income.

25. Active Stock Trading

To my surprise, more and more mums are doing active stock trading on the side as a form of passive income. If you already know how to invest or are willing to study healthy active companies in the stock market, you could make £100 or more trading. For many mum’s an extra £100 a day, week or month would go a long way. Remember that investing is risky. Never invest what you can’t afford to lose and try to avoid trends and look for companies that are doing well in the market and have a healthy projection for success.

26. Selling Stock Photos

If your family and friends usually choose you to take photographs for them because they feel you take excellent shots even with their crappy camera, and if you like exploring outside or being in front of the camera yourself, you may earn a passive income by selling stock images online. You’ll be astonished at how much money internet stock photography firms will pay you.

It’s a wrap

Hopefully, this post has given you some good insights into profitable side hustles for single moms to create passive income. Interestingly, you don’t have to quit your current full-time employment before you can do these side hustles.

Single and working moms must control their expectations. While these ideas can bring you money rapidly, some sectors are saturated and you will need to stand out, focus on your specialisation and work hard.

Remember that it does not have to be something you are passionate about. You may have skills in a certain area that you might utilise to earn a passive income that would allow you to live comfortably as a single mother.