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ARE YOU A STAY AT HOME MOM WHO IS SERIOUS ABOUT EARNING A SECOND INCOME?
Choosing To Stay At Home For Your Children
The choice to be a “stay at home mom” can be a bitter sweet decision to make in this day and age, especially with the current economic situation the country is facing. It’s tough enough today surviving on two incomes, no matter how well you manage your money.
When the difficult (and of course rewarding) decision is made to stay at home with your children you don't have to be destined to a life of worries and penney pinching. Learn what you can do to fill the income void in your household, and how you can make more money at home then you dreamed possible.
You know that you have made the right decision. Your children are the most important things in the world to you. They deserve your full attention and you have gladly chosen to stay home and care for them.
Your choice to be a stay at home mother has come with a price though. A life of careful budgeting, coupon cutting, and bargain hunting cannot offset that missing second income. Yes, you and your husband are getting by and your family is enjoying quality time together, but you have sacrificed income and benefits to raise your children.
Depending on your profession, your financial sacrifice can be very significant after a few years. In Ann Crittenden's book "The Price of Motherhood," she calculated that a couple that once earned over $80,000 annually could lose over $1 million dollars in lifetime earnings after they have a child and the woman leaves work and stays at home.
Being A Stay At Home Mom Is So Rewarding
You certainly value your work as a mom. It's nice having time to nurture your children's education and interests. You even get to have fun, and you don't envy the scheduling hassles that working mothers face as they juggle job commitments and children's appointments.
You are not alone either. More women are deciding to leave the career track and stay at home with their children. There is a growing trend for families to decide to make it with only one person working outside the home. A report from the U.S. Census Bureau in 2001 showed that in 1998 59% of mothers with infants worked at a full time job, but that had dropped to 55% in 2000, only 2 years later. The appeal of actually being the one to raise your children is undeniable and more families are pursuing this important goal.
Being a stay at home mom has many positive points, but you still miss being able to earn an income. You want to continue developing your skills and creativity. Maintaining your professional skills that you worked so hard to get before motherhood nags at the back of your mind. You wish you had a way to transform your time into money without compromising your need to be at home.
You Can Have That Second Income And Be A Stay At Home Mom
There is a revolution starting in our society. People are deciding that they don't want to struggle through a traffic jam every day and spend 10 hours at an office away from their families in order to live. It's time for you to start learning how people are earning a comfortable living from their homes. You can start a home based business, raise your children, and have a profitable professional existence at the same time.
After starting your home based business you won't have to scrimp and save so much. Yes, you will still bargain hunt because it's smart and you're good at it, but you won't have to feel guilty about that occasional dinner out.
How Much Is A Stay At Home Mom Worth?
There is no arguing that the work you do as a mother is exceedingly valuable. The salary research company Salary.com even attempted to calculate what a salary for a stay at home mother should be. After factoring in everything from childcare, transportation services, accounting, laundry, cooking, management, and much more, Salary.com came up with a figure of $90,000 a year. This sounds like a lot but it was based on a 90 hour work week.
As nice as it is to know that your work as a mother is worth nearly six figures, there is no salary fairy out there that is magically going to start writing you checks. You need to take action and earn money using skills you already posess. You can be a Stay At Home Mom and enjoy earning a sizable income with you own home based business.
As your own boss, you will be able to integrate earning an income into your other valuable and important duties.
With the income from your home based business, you will be able to enjoy the benefits of financial security. You won't have to worry so much about making your monthly payments, or even if your husband loses his job. With your business income you could even give him the freedom to pursue a career change that he has been dreaming of.
So by now you must be wondering what type of Home Business could you start that will earn you the income you desire, and how are you going to learn how to start this business. It's not that complicated
There are no doubt many avenues that you can take to earn money online. Many people do very well selling products on ebay, or you could easily setup your own Online Storefront selling variuos products, then there are paid online surveys, and the list could go on and on. You can have success with any of these options. The level of success and the income you can generate are all dependent on how well you learn the industry you choose, and how much work you put into your new business. One of the best Home Based Businesses for Stay At Home Moms, and the one that I think offers the most income potential and flexability is Affiliate Marketing.
What Is Affiliate Marketing?
Amazon.com, Macy's, Home Depot, 1-800-Flowers, Barnes & Noble, HBO Store, PetSmart, Chicos, Clinique...
Do you recognize these companies?
Want to know what they all have in common? All these well known companies have Affiliate Marketing programs. The fact is the list is enormous for companies that will pay you commissions for referring customers to them that purchase their products. In fact, many of these companies pay commissions as high as 60% of the sale price.
There is a lot written about Internet Marketing and more specifically Affiliate Marketing and I suggest you do your Homework. Book mark this page then google: Affiliate Marketing, click on the links and learn as much as you can then come back here.
Once you begin to get a general understanding about Internet Marketing you will quickly learn that there are many sites that claim to teach you everything about Affiliate Marketing in thier e-books or guides that will make you an overnight Millionaire.
The truth is before you continue on reading we need to agree on something.
Making money on the Internet is not a get rich overnight scheme. If it were that easy everyone would be doing it, making millions of dollars a year from the comfort of their homes. If you are not willing to put in the time to learn the proper Internet Marketing techniques there is no point in even considering Internet marketing.
Reports like these just confirm what we already know. The Internet and Online shopping are here to stay.
The continued growth is incredible, especially in an economic downturn where everyone is watching how they spend their money and hunting for "The Best Price".
If you think the exciting world of Internet Marketing might be for you then don't get caught up in any of those scams, or spend money on outdated or limited information. Affiliate Marketing is not overly complicated and does not required a large portion of your time daily. However, like any new business or job you need training and support.
What You Need To Learn Internet Marketing
You can easily become overwhelmed with the amount of information and fancy advertisements and websites for Affiliate Marketing. A lot of the stuff you will come across is just geared to capitilize on your excitement and enthusiasim and won't offer you the proper tools or resources to become a Successful Internet Marketer.
Bringing in a second income and avoiding childcare costs would be doubly profitable. Think of all the important things in your financial life that you won't have to put off anymore.
- Home Improvements
- Taking Nicer Vacations
- Getting That Bigger House For Your Growing Family
- Saving For Retirement
- Funding Your Children's College Education
- A New Car
- Shopping For The Things You Like
Affiliate Marketing Is The Fastest Growing Online Industry
Affiliate Marketing is the fastest and easiest way to start an online business. However, Education, Training, and Support is absolutely essential for someone to properly succeed when starting thier Internet Business.
This chart shows affiliate marketing spending on advertising steadily growing over the past 5 years from $1.3 Billion in 2005 to $2.3 Billion in 2009, with the same growth projected through 2012
A recent report in Macworld.com said online retail sales hit $204 billion in 2008, up from $175 billion in 2007, and should top $300 billion over the next five years, according to a Shop.org study conducted by Forrester Research.
Become A Wealthy Affiliate
There is only one place on or off-line I would ever recommend anyone to learn Internet and Affiliate Marketing and that is Wealthy Affiliate.
Wealthy Affiliate is unlike anything you've ever seen online. It's like an online University with an online Campus.
There is the Online-University that provides the indepth training from Day-1 beginner to seasoned advanced marketer. The training is diverse and indepth, all at your own pace. In addition to the truly vast Educational Materials you get they also provide your own Free Websites, Free Website Builder, Powerful Research Tools, Free Turnkey Websites and Templates, One-on-One Support and Coaching, Video traing and so much more.
Your Retirement Is At Risk As Well
No matter what level your previous earnings were, there are long term consequences on your finances for the years you spend raising your children instead of earning a paycheck. Aside from salary, you are not earning any pension benefits from an employer or medical insurance, both of which are quite valuable.
And few women when they decide to stay home consider that they will cease to accrue any social security benefits from the federal government. No income for you means that your benefit rating with social security is stagnating. It's a shame that there has to be such a cost for you to stay at home with your children.
The Online-Campus might be the BEST part. The Wealthy Affiliate Forum is where Marketers of All Levels interact and encourage and support oneanother like nothing you've ever experienced before. You can read and learn how other people just like yourself got started read their success stories and learn how they overcame some of their obstacles. You can start to post your own story or ask questions to things you don't understand. Truly a Gem in the Internet Marketing Industry.
Check Out: Wealthy Affiliate
The Key To Your Success
REAL WORK, REAL INCOME FOR TODAYS STAY AT HOME MOMS
