Whether you’re already a successful Mompreneur or you’re just now considering developing alternative sources of income, here are the top 5 alternative revenue stream generators that you must start thinking about. (and that no one is talking about). We’ve already looked at Modern Business Ideas, now we’ll expand a little more.
- COMMUNITY DRIVEN SOLUTIONS PROVIDERS.
It’s the most obvious of all business ideas. Doing for your community – what no one else can, want to or has thought about doing. Home care, after school private-
tuition, being an “uber-mom” (as in the Mom who shuttles kids to and from school, sports extracurriculars) etc.
This is hands down the easiest business to get set up in and what’s more, you already know your customers. Did you know that as much as 70% of personal network referrals turn into actual revenue? That’s a conversion rate most corporates could only salivate over.
- GROW ONLINE.
If you’ve already capitalized on your local market then as a mompreneur, you should be looking to grow into other markets. The easiest way to do this is to improve your online presence. Begin posting more on social media, so to a san diego seo agency to optimize your website, start producing online ads to attract more customers. There are endless potential consumers online that you are yet to tap into so this should be seen as a high priority for you. You don’t need to go all out straight away, either. It’s a good idea to start small and see what works best first.
- TURN YOUR HEAD TOWARDS THE BUSINESS OF FINANCE.
If you’re in the fortunate position to have some extra cash and you want to make it work for you, really work for you then you should consider a relatively new form of investor based lending, known as “peer-to-peer” lending. This form of financing started after the 2008 credit crunch when businesses and startups found it near impossible to access lines of credit, and it involves investors (that’s you) putting up the cash for businesses to lend. You can find some of the best investor websites here.
4. AND SPEAKING OF FINANCE.
More moms have made trade for a living possible in the last few years. They are learning and practicing trading strategies and are getting well adapted to their newfound career in financial markets. Contrary to popular belief, you don’t need thousands or even hundreds of thousands of dollars to get started and if you’re just starting then check out apps that let you play with “fantasy money” to get into the swing of it and once you’re feeling a little gutsier then you should consider upping your game and trying your hand at online forex trading and Metatrader 5 is a good place to start.
5. EMPOWERING WOMEN AND GETTING PAID FOR IT.
Probably one of the best-kept secrets of the rising Mompreneur economy is that of “skills transference”. A descriptor usually reserved for the corporate world, in today’s diverse mom-driven economies, you can take all of what you’ve learned above and turn your own experience into a monetized, Pinterest based resource. Every time an information resource is turned into a solutions-based program, the collective consciousness within the particular economy it is working in, gets bigger and the more participants within that economy, the more new, fresh and creative ideas get generated.
Women are uniquely positioned to take advantage of local opportunities as they’re more likely to be part of ideas based discussions with friends and contacts and these conversations happen everywhere and all the time. At school, on the sports field, at the grocery store, a little creative application to what you’re already doing can become something, entirely different.