The Humble Penny

Create Financial Joy

  • E-mail
  • Facebook
  • Instagram
  • Pinterest
  • RSS
  • Twitter
  • YouTube
  • Home
  • Start Here
  • Academy
    • One Grand Plu$ eBook
    • Financial Joy Academy (Membership)
    • FIRE SuperPower™
    • Super Simple Investing
    • BUDGET FOR LIFE
    • Value Bundle
    • Books I Love
  • About
  • Blog
    • Make money
    • Investing
    • Side Hustle
    • Financial Independence
    • Money Saving
    • Budgeting
    • Managing debt
    • Manage Money
    • Food & Wellbeing
    • Career
    • Blogging tips
    • Family
    • Relationships
    • Reader Case Studies
    • Product Reviews
    • Life hacks
  • Best Resources
  • Start A Blog
  • Collaborate
    • Coaching
    • Support Us
    • Advertise
    • Contact
  • Media
  • Community

9 Practical and Profitable Business Ideas for Mums

January 6, 2018 By The Humble Penny 2 Comments

To help The Humble Penny stay sustainable, this post may contain affiliate links. See our disclosure. Access ALL OUR COURSES (present & future), Regular Live Coaching (with Ken & Mary), Expert Masterclasses, Supportive Mastermind Community, Accountability and much more via our NEW Programme, the Financial Joy Academy (FJA) MEMBERSHIP Programme.

Share
Pin
Tweet
Flip
Share
173 Shares

9 Practical and Profitable Business Ideas for Mums – Updated 08 August 2018

9 Profitable and Practical Business Ideas For Mums

Becoming a new mum can be tough!

You build up a career and when it seems to be going well, you’re faced with the challenge of taking time out to have children.

I had a whole new level of respect for my wife when she started this journey back in 2012.

First, there is the negotiation with an employer about a decent maternity package.

Then the pressure to replace the shortfall in income and the possible guilt from not properly contributing to the family purse.

Add the lost career time, opportunity and income, as well as the future potential of that lost income.

Whilst trying to fulfill the role of mum, there is then that nagging feeling about when to go back to work or whether to bother at all.

I have seen the above play out in our family situation.

It’s tough and can cause a loss of confidence in some mums or even marital problems as bills pile up.

In our case, there was the added pressure that I faced quietly as the main breadwinner, whilst Mary was away on maternity.

Of course, not everyone faces these challenges and choices.

However, for everyone else, I believe in the power of new mums (and partners) or single parents harnessing these struggles and creating opportunities that give them options.

There is usually the big hold back from jumping and starting a new venture whilst also being there fully for a child.

Therefore, the types of ventures one might want to explore are ones that offer maximum flexibility and income upside.

Having brainstormed some ideas with Mary, below are 9 practical and profitable business ideas for mums to explore.

This list is by no means exhaustive, so feel free to comment and make further suggestions:

1. Create and Sell Information Products

There is something very empowering about selling something you ideated and created.

Digital information products (e.g. ebooks, courses, printables etc) give you the opportunity of owning an intangible asset with potential lifetime value.

First, you have to create something that solves a problem and adds value to others. However, once that bit of investment is done, the upside can be significant.

Teachable and Shopify have made it very easy to create your own products or even own your own online shop!

Such products usually have high margins and can be promoted very cheaply or for free on social media.

There is also the added benefit from significant automation of the process from marketing to sales, therefore making this an idea you can explore from home or anywhere.

Finally, other people can sell your information products as affiliates, and this creates a compounding income machine!

2. Blogging

There is traffic everywhere, and a blog is one way you can control and own traffic.

Blogs offer a significant opportunity for income generation if you can write about a hobby, passion or area of expertise.

It is also fun and is an asset that is completely yours. In addition, you could gradually build your personal brand and influence, and with no borders whatsoever.

Not all blogs are there to make money, and not all of them make money. However, there are many that make a ton of money on a recurring and diversified basis.

Could you imagine earning £10k or £50k or £150k a month from home? There are many blogs raking this in quietly each month, and these bloggers have made it their full-time gigs and living a desirable lifestyle.

You do need to be committed though and put in about 3 to 4 hours daily, producing engaging content consistently over time and marketing your blog.

It has never been easier or cheaper to start a blog. Feel free to check out my detailed step by step tutorial:

TUTORIAL: How To Start A Blog

You could also join the 7 Day FREE How To Start a  Successful Blog Course to learn alot more:

FREE How to Start an Impactful Blog Course

In this 7 day email course I will teach you exactly How to start your own Successful and Impactful blog, sort the techy bits, attract followers, build a tribe and even begin Making Passive Income from it!

Start Today and Change Your World! Be Fearless!!

Please check your email now to confirm your Subscription. You'll receive an email every day for 7 days, with one additional bonus day. Cheers 🙂

There was an error submitting your subscription. Please try again.

Check your inbox! Page will now redirect... Powered by ConvertKit

3. Start a Franchise Business

This is a fantastic idea that anyone could execute with some passion and commitment.

Franchises could be bought in sport, food, children’s activities, tutoring etc.

The alternative is to start your own business and use franchising as a business model for growth.

Examples include Heartbeeps, Littlekickers, Kumon etc.

This option would be great for a mum with a long-term view and the possibility of not going back to a day job as these can take a while to become a success.

4. Provide Coaching

Coaching is popular for a reason, and that’s because alot of people need direction and support on what paths to follow in life.

Effective coaching involves more listening than talking and is subtly different from mentoring, which involves more handholding.

You can train to be a life coach or a business/exec coach, and use the same competencies to solve your client’s problems.

Coaching can be offered one to one (in person or online) or in small groups.

Income from coaching can also be one-off or recurring depending on the needs of your clients.

Related: Private One to One Coaching by Me

5. Create and Sell Crafts

Unique handmade crafts can command a premium on Etsy. If you enjoy making things, then this is certainly worth exploring.

Alternatively, you can buy already created items in bulk at a discount and sell them at a premium.

These can be sold online or in craft markets.

6. Do Freelancing

Use your existing skills as a freelancer from the comfort of your home.

Websites such as Upwork have made it very easy for you to be able to pitch your skills and you decide your fee.

You get charged a freelancing fee as a percentage of your earnings on a sliding scale.

Click here to learn more about how it works.

7. Become a Virtual Assistant

You can either virtual assist and/or create a company hiring out virtual assistant services.

Everything from managing social media accounts to answering calls can be done by a virtual assistant.

Having good organisational skills certainly helps in being a successful VA.

8. Start a YouTube Channel

This will not be a high earner on day 1 but lots of content can be created around children and their activities.

Over time and provided your content is engaging, this will start to add up and could also be life transforming.

Content could be monetised through advertising served on videos or through views from YouTube Red subscribers.

My good friend, Ros, actually started her own YouTube channel called Bo the Bear aimed at Pre-schoolers.

Ros and I trained as Chartered Accountants together but after having two sons, she is exploring a new side hustle.

Check out the YouTube partner Programme for more info.

YouTube could also have a secondary function for driving traffic to another business that you run.

Remember that YouTube is owned by Google and is the second largest search engine in the world.

Content on this platform has phenomenal potential as there are millions who use only YouTube and not Social Media at all.

9. Create a Podcast

Millions listen to podcasts from around the world and there is an ever-increasing variety and ways to plug in.

You don’t have to be considered creative to do this because it’s all about telling stories and sharing ideas.

Platforms such as Audioboom help you host, distribute and monetise your podcast.

Apps such as Anchor.fm help you create audio and you can now start your own podcast from your smartphone for Free!

You make money from sponsorships and other sources such as affiliate marketing, selling your own products, books, crowdfunding etc.

Related posts:

85 ways to Make Extra Money

7 Guaranteed Ways To Make An Extra £1,000 Per Month

20+ Recommended Resources: For Side Hustle and Personal Finance

30+ Life Changing Books: Entrepreneurship, Money Mindset, Creativity etc

Are you considering starting a business? What other side hustle ideas can you suggest to new mums? Please comment below 🙂

Do please share this post if you found it useful, and remember, in all things be thankful and Seek Joy.

9 Practical and Profitable Business Ideas for Mums

P.s. Explore our private membership program at Financial Joy Academy, where we have more than 25 courses and Action Plans created to help families achieve Financial Independence faster this decade.

Share
Pin
Tweet
Flip
Share
173 Shares

FREE Practical Money Course!

This FREE course will show You How to Make Money, Invest for Your Future, Save & Budget better, Generate Cash flow, Work out & Grow Your Net Worth, Manage Debt and work towards Your Financial Independence!

Start Today and Change Your World! Be Fearless!!

Brilliant!! Please check your email now to confirm your subscription ;) Enjoy your course and feel free to reach out to me anytime!

There was an error submitting your subscription. Please try again.

Create Financial Joy Powered by ConvertKit

2 Comments Filed Under: Make money, Side Hustle Tagged With: Business, Family, Making Money, Mums, SAHM, Side hustle

« Previous post
Next post »

Related posts:

  • 5 Ways To Find A Niche Business Idea5 Ways To Find A Niche Business Idea
  • 10 Big Lessons I Learned Starting My Own Business10 Big Lessons I Learned Starting My Own Business
  • How To Make Money From The Amazon Affiliate ProgramHow To Make Money From The Amazon Affiliate Program
  • 7 Money Making Truths That Will Change Your Life7 Money Making Truths That Will Change Your Life
  • 15+ Funding Ideas For Your Online Business Growth15+ Funding Ideas For Your Online Business Growth
  • 7 Habits For Highly Successful Side Hustling7 Habits For Highly Successful Side Hustling
About The Humble Penny

Ken and Mary Okoroafor are the founders of The Humble Penny and the popular Financial Joy Academy (FJA) MEMBERSHIP Programme - Their mission this decade is to help 10,000 Families achieve Financial Independence. Ken is a Chartered Accountant (ACA, ICAEW) with over 12 years of experience in the investment business. He holds an MBA from Cambridge University & has served as an Executive (CFO) for years. He is also a First Generation immigrant. Mary is a creative and digital specialist. A Londoner at heart with a passion for vegan food, travel & family life. Ken & Mary are parents and have two sons. More here

Comments

  1. Ros says

    August 13, 2018 at 1:31 am

    Thank you for featuring me in point no. 8, Ken!

    I’d like to add that mums have great intuition in what’s best for their own baby or child and that’s where great ideas can come from! A personal bugbear can mean there’s a gap in the market that no one has thought of.

    Personally, mine was the frustration of watching my toddler become addicted to Kinder Egg surprise videos on YouTube. With so many content makers putting their own interests ahead of care for their young viewers, YouTube has become a hub of “junk” content for children.

    And so Bo the Bear was born!

    My priority is to provide safe videos for children under 5, that are still as engaging yet full of learning and wholesome goodness! Here’s the channel: https://www.youtube.com/channel/UC0SBo61kvjCpvgiHyL6yyxA

    Thanks again Ken. Looking forward to your next blog post!

    Reply
    • The Humble Penny says

      August 13, 2018 at 10:56 am

      Hi Ros,

      It’s great to have you stop by as I know you’re very busy. Thanks for sharing that insight on how Bo Bear was born. I can tell you for sure that it is a hit in our home. The boys love it! Keep up the good work.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

WELCOME HOME!

About The Humble Penny

My name is Ken Okoroafor and I am the Founder of THE HUMBLE PENNY®. Learning how to Master Money has Transformed my life since my days as a teenage Student and Immigrant. It enabled me to become Financially Independent aged 34!

Today we live purposefully to help others Create Financial Joy and achieve Financial Independence in their lives too.

Read more

Want To Achieve Financial Independence?

FIRE SuperPower in LIVE!

Join 35,000+ Readers

Start An Impactful Blog: Step by Step Tutorial

How to start a wordpress blog

Like & Join Us On Facebook

Like & Join Us On Facebook

Popular Posts

How Much Money You Should Have Saved by Age7.1K Shares
How To Make Money From The Amazon Affiliate Program6.1K Shares
85 Ways To Make Extra Money Today (2020)4.4K Shares
6 Ways To Start Attracting More Money To Yourself3.6K Shares
How To Start An Online Business In 7-DAYS3.4K Shares
How We Live Well On A £50 Per Week Food Budget (Family of 4)2.9K Shares
30+ Life Changing Books I Recommend2.8K Shares
How To Create A Budget That Works For You2.7K Shares

Search the Humble Penny

Follow The Humble Penny

  • E-mail
  • Facebook
  • Instagram
  • Pinterest
  • RSS
  • Twitter
  • YouTube

SUBSCRIBE VIA EMAIL

The Humble Penny® does not offer financial advice and is intended for educational and reference purposes only. Use of this site is entirely at your own risk. You should always carry out your own research and take specific professional advice.

  • Back to Home
  • Contact Me
  • Privacy & Cookies
  • Terms and Conditions

Pillar Posts

How To Invest In Stocks With Confidence: Step-by-Step For Beginners

100 Things That Made My Year (2020)

The Unstoppable Power of Being Intentional

How To Turn Epic FAILURE to SUCCESS!

3 year Blog Anniversary: Highs, Lows, and Surprises

Random Posts

5 TOP Money Mistakes to AVOID in Your 20s, 30s and Adulting

The One Way To Fast Track Your Financial Independence

5 Ways To Change Your Life Through Mind Mapping

Money and Life Lessons From My 20 years As An Immigrant

The Humble Penny® does not offer financial advice and is intended for educational and reference purposes only. Use of this site is entirely at your own risk. You should always carry out your own research and take specific professional advice. 

Follow The Humble Penny

  • E-mail
  • Facebook
  • Instagram
  • Pinterest
  • RSS
  • Twitter
  • YouTube
Back to Top
Copyright © 2021 The Humble Penny ·