The U.S. government stated that unemployment rates would continue to rise and recommended the population to pursue opportunities to generate income at home. Since the pandemic began, millions of people have been forced to reinvent themselves and explore new trades, occupations and jobs.
Fortunately, there are multiple alternatives to earn money from home that can help you keep your finances afloat; even in times of crisis, with high levels of inflation and uncertainty.
Here below are ten home-based business ideas for women entrepreneurs that can help you maintain your lifestyle through these tough economic conditions:
Women entrepreneurship in Latin America
In recent years, home-based businesses for women have gained imminent prominence.
The latent demands of the market, as well as the generalized rise in prices in many developed and emerging countries, has motivated the emergence of profitable businesses run by women.
But it is also clear that more and more women are interested in optimizing their time through efficient side jobs.
Female entrepreneurship is experiencing a significant upswing in Latin America, and indeed, worldwide.
According to a report by Global Entrepreneurship Monitor, female entrepreneurship has gained impressive strength in developing countries (especially in the Latin American region).
For its part, Statistic has revealed that Chile is the cradle of women entrepreneurs, as 21.2% of its population is part of this category.
It is followed by Colombia (17.8%) and Brazil (17.3%). Mexico is another of the Latin American countries most committed to this social phenomenon.
According to a report by Forbes Mexico, “more than 19% of entrepreneurs in this country are women”.
Nowadays, it is possible to start a business from your living room or kitchen. In addition, it should be noted that women have many tools to start their home projects, while professionalizing them in a forceful way.
For example, they have the possibility of accessing government programs that promote women’s entrepreneurship and provide them with financing.
Specifically, if you want to promote home-based businesses for women, we must tell you that this could be a great time.
Home-Based Businesses for Women
Today you’ll learn about ten home-based businesses for women that could bring you closer to financial independence.
Each one of them is part of a profitable and growing niche. Therefore, you have many conditions in your favor to turn your business idea into a company.
If you want to take control of your finances, pursue your dreams and work on something you are truly passionate about, we invite you to pay attention to these options:
1. Create a niche blog
Niche blogs can help you build your wealth and say goodbye to tedious 9-to-5 jobs. Content marketing is a real gold mine, and the best part is that you don’t need to be an expert to get started.
This type of home-based business for women is practical and effective, and the best part is that it requires minimal investment.
At first it might cost you a little bit to get the business going, but once it takes shape you will start making money with your blog automatically.
Home-based businesses for women in the baking industry are not only on trend, they are 100% lucrative.
You have several options to take this business idea forward: from selling desserts to your local community, to offering your homemade products to restaurants, pastry shops and bakeries.
Other options include making desserts to order (for parties, baptisms, weddings or birthdays), or even selling them through your own online store.
3. Catering business
Catering businesses never go out of style. That’s why they continue to top the list of home-based businesses for women (although men can also make the most of them).
If you studied cooking, or if you are a seasoned amateur cook, you could combine several culinary services and offer catering services.
You would have to invest money in supplies and raw materials, but if you make sure you offer good products and excellent service, it is very likely that the return on your investment will be fast.
Again, this is a job you can start in your own kitchen and with your own equipment and utensils (oven, freezers, mixers, etc.).
4. Private classes at your home
If you have vocation, patience and a bit of educational methodology, you could evaluate the possibility of giving private classes at your home.
This type of home-based business for women became popular during the pandemic, and is still in incredible demand today.
You can teach music, painting, cooking, art, literature, math, languages and much more.
It all depends on the knowledge you have, or the skills you have mastered. You can also combine your classes and diversify your sources of income.
That is, instead of focusing on a single subject you can cover several of them and expand the number of students to whom you could teach a new trade, language or skill.
5. Sale of handicrafts and crafts
Home-based businesses for women that are focused on arts and crafts are the order of the day.
If you are a creative person, or if you have the ability to draw, knit, embroider, design or create products with your own hands, you could generate significant and recurring income.
For example, if you live in the United States, you could offer your creations on Etsy and reach millions of users from the comfort of your own home.
Digital products also sell like hot cakes on this platform. This category includes stickers and many easy-to-download documents (including planners and templates for social networks).
In fact, more and more people are generating five and six figures by selling creative infoproducts through Etsy.
You can also manage your own ecommerce. Nowadays you just need to hire the services of Shopify, or any other online store provider that you can easily use.
That way you could run a home business that will generate passive income, that is, money will flow into your accounts while you sleep.
6. Child Care
Childcare profitable business if you enjoy being with children, or have worked as a nanny at some point and know the challenges involved, it’s time to ask yourself if you would take up childcare again. Offering childcare services could become a full-time job, with the caveat that you wouldn’t have to leave the house at any time.
Literally, the center of operations of your business would be your home. However, it must meet certain conditions, facilities and benefits, so that the children are comfortable and safe.
In fact, your home must be spacious, have socket and stove protections, no dangerous stairs, no sharp or dangerous objects for the little ones.
It should also have adequate furniture so that children can do their activities, play, wash themselves and take short naps.
If your home meets these characteristics and you are willing to invest your time in taking care of other children, this could be a good idea to generate income from home.
7. Textile Manufacturing
Making garments, bags, purses and accessories is also a profitable and scalable business.
To make a profit you need the raw materials (fabrics, buttons, threads, etc.), a sewing machine and knowledge of cutting and sewing (even if basic).
Research the market and identify new patterns, fashions and trends. Pregnancy clothes are in high demand these days, so it may be easy for you to sell them.
You can offer your creations locally (among friends, neighbors, acquaintances, etc.), and also on a more powerful level (to retail stores or suppliers).
You can also sell them on Facebook’s marketplace, or on ecommerce platforms such as Mercado Libre.
8. Making jewelry and costume jewelry
Women love this type of accessories because they allow them to look more elegant and attractive.
If you do not have knowledge you could take a course in goldsmithing and jewelry design. Nowadays there are many free and paid courses on the web where you could learn from scratch.
Once you have basic, intermediate or advanced notions get down to work, let your imagination fly and give life to beautiful pieces of jewelry.
Then get down to selling them. You can start promoting them through your social networks, such as Facebook, TikTok, WhatsApp and Instagram, and then scale your business progressively.
9. Event planning
Event planning has become a very lucrative business worldwide. Did you know that some wedding planners generate up to seven figures a year planning weddings?
If you are organized, sociable, and have strong negotiation skills, this could be one of the best home-based businesses for women entrepreneurs that you should keep in mind.
You can start by organizing small events, such as christenings or baby showers, and as you gain more experience you can expand your portfolio of services.
And if you finally decide to go into wedding planning, it is important to know that there are already diplomas and degrees that could successfully professionalize your craft.
10. Advisory or consulting services
If you have been immersed in the labor market for years and have a vast experience in your professional area, you could start offering private consulting services.
For example, if you are an accountant, you could register a firm and operate your own accounting firm from home.
This modality of work is also valid for many other professional areas, such as law, languages, administration, among others.
You can capture local clients at the beginning, and as your business grows, you could cover a larger market share and multiply your income.
Start and make money from home:
If you want to improve your finances, or explore your entrepreneurial streak, you should take the home-based businesses for women we just shared with you seriously.
Most of them require minimal investment and you can start them from the comfort of your own home.
Earning money with your own business has great benefits and rewards: from taking ownership of your time, to becoming your own boss.
So, if you are unemployed, or if you want to say goodbye to that job that keeps you tied to a desk most of the day, the best thing you can do is reinvent yourself and start over.